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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....

Shandong Ruyi Technology Group, a Shandong-based textile manufacturer and global fashion brands owner, showed in its latest results that 1Q19 revenue and EBITDA improved largely as the result of its 51.8%-owned French luxury fashion brand manager and retailer SMCP. However, a series of debt-funded acquisition....

Galapagos Holding, the German heat exchanger manufacturer, which comprises divisions Kelvion and ENEXIO, is to restructure its debt via a scheme of arrangement, as it looks to de-lever to c. 4x from 7.2x at 1Q19. The group is to exit the dry cooling business at a cost of EUR 39m, and implement its ‘FF100’....

Debtwire and Ropes & Gray, a global law firm, are pleased to present Coworking: A real estate revolution? The report, based on a survey of 100 senior executives from across the real estate sector, examines how coworking is disrupting the industry in the United States and Europe.   Over the past....