Kloeckner Pentaplast (KP), the German packaging manufacturer, reported lower-than-expected FY18 EBITDA and a sequential decline from FY17 (unaudited), as a result of higher raw materials prices, FX impact, restructuring costs and a shift to PET/rPET from higher-margin PVC. Free cash flow (FCF) was negative....

Liquid Telecom (LT), the South African fibre network and data-centre operator, has been downgraded by Moody’s, primarily because of concerns over FX headwinds facing the group in Zimbabwe and South Africa. Liquidity has come under pressure following repatriation issues in Zimbabwe, and in January 2019,....

A takeover by the State of California of Pacific Gas & Electric (PG&E) may not be the most likely outcome for the utility, but given PG&E’s status as a company that “Californians hate from deep in their guts”, it remains a possibility. And as Edward Randolph, Deputy Executive Director of the....

The retail sector is dominating the bankruptcy and restructuring market. With high-profile filings like Sears, Payless, Toys R Us, Claire’s and David’s Bridal, it’s clear that the “Amazon effect” tidal wave is far from breaking. Don’t just track the first day, but follow a case all day,....

Hi-Crush Partners (HCLP) produces and transports monocrystalline sand, a specialized mineral used as a proppant during the well completion process in the E&P industry. Hi-Crush acquired the remaining 34% ownership interest in Proppant Logistics, which owns Pronghorn Logistics, in May 2019 for USD....

Ihor Kolomoisky and his partners control oil-and-gas, metals, airline and media companies collectively known as Privat Group.  Kolomoisky and his partners owned PrivatBank, Ukraine’s largest commercial lender, until it was declared insolvent by the government and nationalized in 2016. The nationalization....

The key for us continues to be Kaltex’s free cash flow generation, and, in this regard, it has continued improving significantly with respect to 4Q18. For a second consecutive quarter, LTM free cash flow generation for the restricted subsidiaries (consolidated minus Coltejer) was positive, at MXN 388m,....

Reliance Communications’ (RCom) has finally given up on its 15-month battle to keep itself and core Indian subsidiaries Reliance Infratel (RITL) and Reliance Telecom (RTL) outside of bankruptcy. After the Anil Ambani-controlled wirelesscommunications, data-centre and underseacable operator decided....

PrivatBank, the largest Ukrainian bank by assets, reported its FY18 annual results on 21 March 2019. The bank managed to boost its profit for the year to UAH 12.8bn from UAH 406m in FY17, to increase its liquid assets to UAH 192.9bn from UAH 28.2bn in FY17 and to grow its total assets by 9.6% YoY to....

Dean Foods (DF), headquartered in Dallas, Texas, is the largest processor and directto-store distributor of fresh fluid milk and other dairy and dairy case products in the United States. The company manufactures and distributes fluid milk, ice cream, cultured dairy products, creamers, ice cream mix,....