In the wake of the pulled IPO of The We Company (f/k/a as WeWork Companies, Inc.) the company’s ability to incur debt is of interest. In its S-1/A for the IPO, WeWork contemplated a new bank facility, to be entered into concurrently with the equity offering. That facility would have provided $2B of....

Debtwire Par has partnered with its sister product Mergermarket to produce an original and comprehensive overview of US buyout and LBO financing trends, including extensive advisory league tables for more insight into industry players.   Among the main trends in the first half of 2019: Private....

Delta Merlin Dunia Textile's (DMDT) USD 300m bonds plummeted about 70 points last week, to the 30s, in reaction to Debtwire's 15 July report that parent Duniatex appointed AJCapital Advisory as a financial advisor for a possible debt restructuring and that a yarn spinning sister company missed an interest....

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Far-Eastern Shipping Co. (FESCO), the Russian integrated rail, port, and logistics operator with the majority of its operations in Russia’s Far East is still in talks to finalise its restructuring with residual ruble denominated debt holders. Market conditions have improved and trading volumes increased....

Lumileds’ revenue continued to weaken in 1Q19, falling approximately 31% yearover- year (YoY), to USD 318m from USD 459m. The company’s top line has softened for several consecutive quarters, largely driven by lower demand from its core automotive and smartphone customers. Historically, the automotive....

Public, or municipally-owned, electric utilities serve fewer customers in the US than do investor-owned utilities but many urban and rural areas in the southern and western US rely on these entities for electric service. By par amount of new issuance, public power bond issues were the 12th largest sector....

Jain Irrigation Systems Ltd (JISL) has approached its 14-lender onshore working capital consortium to raise its strained working capital limit by a further INR 3.15bn (USD 45.2m) and has delayed the payment of certain salaries, highlighting the liquidity crunch the Indian irrigation-products maker is....

FINANCIAL HIGHLIGHS FOR 1Q19: CONTINUE PULLING MONEY OUT OF ANGOLA AGE has been successfully making cash that it had “trapped” in many different countries readily available. In the last six months it was able to reduce its non-readily available cash and cash equivalents in Angola by BRL 156m,....

On 18 June, Maxcom announced an offer to holders of the 2020 step-up notes to exchange the bonds for new 8% senior secured notes due 2024, junior payment-in-kind (PIK) notes, and cash. By a 28 June early participation deadline, consideration for each USD 1,000 of principal amount of 2020 notes consists....