Wildpack Beverage (OTCPK:WLDPF) proposes to complete a debenture restructuring transaction with respect to its outstanding 8.00% convertible unsecured subordinated debentures of ~$45M. The debentures were issued pursuant to a convertible debenture indenture between the company and Computershare Trust Company of Canada dated as of June 30, 2021. The debenture repurchaseContinue Reading
Sunshine Seeds/iStock via Getty Images Sibanye Stillwater (NYSE:SBSW) -0.6% in Tuesday’s trading after saying it cut more than 2K jobs and merge gold and platinum metals operations in South Africa, Dow Jones reports, as the miner moves forward with its planned restructuring to lower costs and raise profitability. Sibanye (SBSW)Continue Reading
Olivier Le Moal Atos’s (OTCPK:AEXAF) (OTCPK:AEXAY) reached an agreement in principle with its bondholders and banks to restructure, according to an announcement. The deal will give creditors control of the French tech company. The company will work with relevant parties to formalizing the agreement, including the lock-up provisions. Atos (OTCPK:AEXAF)Continue Reading
AndreyPopov/iStock via Getty Images Xerox (NASDAQ:XRX) has attempted to reinvent themselves this year through a major restructuring effort, but its stock still received a Sell rating from Citi as the bank initiated coverage. Citi also set a price target of $11 for the printing company. “The company is undergoing majorContinue Reading
Rite Aid (OTC:RADCQ) is seeking approval from a bankruptcy court for its restructuring plan that will cut $2B in debt and emerge from Chapter 11 owned by a group of investors. The company argues that the restructuring plan is the best option to pay its creditors and resume operations, ReutersContinue Reading
BlackBerry (NYSE:BB) is set to post first quarter results on Wednesday and investors will keep an eye on guidance, along with updates on ongoing restructuring and cost reduction. Wall Street expects the Waterloo, Canada-based company to post EPS of -$0.03, while revenue is expected to be $134.05 million, representing aContinue Reading
