Soma Biswas
Special Writer at The Wall Street Journal
Special Writer at WSJBankruptcy focusing on distressed investors. Email me at [email protected].
Articles
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1 week ago |
wsj.com | Soma Biswas |Akiko Matsuda
The Philadelphia-based chain entered bankruptcy again to seek buyers for its assetsMay 5, 2025 6:30 pm ET|WSJ ProRite Aid filed for bankruptcy on Monday, its second chapter 11 filing within two years, to look for buyers for its assets. The Philadelphia-based chain shut down hundreds of stores in its last bankruptcy, resolved government and private lawsuits over its opioid prescriptions, and handed control of the business to bondholders.
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1 week ago |
finance.yahoo.com | Soma Biswas
Rite Aid filed for bankruptcy on Monday, its second chapter 11 filing within two years, to look for buyers for its assets. The Philadelphia-based chain shut down hundreds of stores in its last bankruptcy, resolved government and private lawsuits over its opioid prescriptions, and handed control of the business to bondholders.
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1 week ago |
wsj.com | Soma Biswas |Alexander Gladstone
The Warburg Pincus-owned company has over 160 stores under the Gabe’s and Old Time Pottery names in the Mid-Atlantic and SoutheastMay 5, 2025 4:56 pm ET|WSJ ProGabe’s, a private-equity-owned chain of discount department stores, is in discussions to hand control to a group of lenders as it faces a potential pullback in consumer spending, people familiar with the matter said.
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2 weeks ago |
wsj.com | Alicia McElhaney |Soma Biswas
The public company skipped a bond interest payment and entered a 30-day grace period on April 1April 29, 2025 5:46 pm ET|WSJ ProSunnova Energy International, one of the largest solar-panel installation companies in the U.S., is preparing to file for bankruptcy within weeks following struggles with an $8.5 billion debt load and waning liquidity, people familiar with the plans said.
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3 weeks ago |
wsj.com | Soma Biswas
Rite Aid’s asset-based loans sink to a deep discount, reflecting expectations that collateral won’t cover the balanceApril 21, 2025 3:31 pm ET|WSJ ProRite Aid’s bank lenders risk taking losses as the company weighs a bankruptcy filing, according to loan prices and people familiar with the matter, a potential rarity among top-ranking loans backed by hard assets.
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RT @jodixu: Fast-fashion retailer Forever 21 is considering filing for bankruptcy after exiting its last chapter 11 roughly five years ago,…
My scoop with Heather Haddon: TGI Fridays nears bankruptcy filing https://t.co/FV851N511V via @WSJ
My exclusive story on the latest twist in battle over the Bausch + Lomb: Bausch turned down debt-restructuring proposals from bondholders as it explores a sale of its vision care subsidiary, people familiar with the matter said https://t.co/P81YOLTD6F via @WSJ