Silknet, the Georgian telecommunications company, issued a USD 200m 11% five-year Eurobond on 26 March 2019 to refinance its secured bank debt, incurred by the group for its USD 151.7m acquisition of mobile operator, Geocell LLC. The acquisition took place in 2018 and means that Silknet is now the second-largest....

Mexican President Andrés Manuel López Obrador (commonly referred to as AMLO) was elected in July 2018 with over half the popular vote, and took office on 1 December. With strong public support and his National Regeneration Movement (MORENA) holding a majority in both houses of Congress and two thirds....

Boparan, the UK food producer, reported 2Q19 results on 27 March 2019. The company’s performance reflected a continuation of the reduction in EBITDA margin, driven by a 690 basis points (bps) year-on-year (YoY) reduction in branded EBITDA margins to 5.8%. Margins in the biscuit business are falling,....

In mid-March, EP Energy (EPE) announced 4Q18 earnings that modestly surpassed consensus estimates, guided a materially significant decline in 1Q19 production on greater-than-expected capital expenditures and elected to forego taking questions on the earnings call and providing full year guidance. In....

Oceanwide Holdings Co, a Shenzhen-listed property developer-turned-financial services provider, still has a lot of work to do to manage its liabilities in 2019. On 19 March, the company announced the completion of a deal to sell four land parcels in Beijing and Shanghai -- held via indirect subsidiary....

Over the past few weeks (since our 3Q18 report of 11 February), Senvion, the German manufacturer of wind turbines, has delayed release of its FY18 results, revised FY18 guidance lower, fully drawn down on its EUR 125m RCF, and announced the appointment of key advisors for restructuring talks. The....

Ferrexpo, the Ukrainian iron ore pellet producer, released 1H18 results on 2 August 2018 and is due to release its FY18 financial results on 20 March 2019.

Senvion, the German manufacturer of wind turbines, reported 3Q18 results on 14 November 2018.

Dean Foods (DF), headquartered in Dallas, Texas, is the largest processor and direct-to-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,....

Kangde Xin Composite Material Group (KDX) became the first Chinese company to default on bonds in 2019 when it surprisingly failed to redeem CNY 1bn (USD 147m) domestic notes due 15 January and then another CNY 500m domestic notes a week later. That triggered cross defaults provisions on the Zhang-jiagang,....