Obbligazioni societarie HIGH YIELD e oltre, verso frontiere inesplorate - Vol. 2

Approvato dal tribunale fallimentare di Houston il piano chapter 11 per Weatherford, taglierà oltre 6 miliardi di dollari di debito.

Il piano di WFT offre il 94% della società ristrutturata agli obbligazionisti che dovrebbero recuperare ~ 63% di dovuto sulla base della valutazione della società, e una quota azionaria del 5% verrà accantonata per un piano di incentivazione della gestione.

Il restante 1% verrà distribuito agli attuali azionisti che riceveranno anche warrant per l'acquisto di ulteriori azioni della società ristrutturata.

Anche i tribunali irlandesi e delle Bermuda devono approvare il piano di riduzione del debito prima che possa entrare in vigore.
grazie Peco,

mi sembra di lusso rispetto ad altre ristrutturazioni :up:
 
Tengo anch’io, il calo di oggi mi è sembrato eccessivamente penalizzante, tra l’altro il comunicato di oggi riguardava i primi otto mesi, cosa strana questa, e quindi presto vedremo la trimestrale
Probabilmente sconta il pessimismo per il mercato dell’acciaio che, in particolare in Germania, il prossimo anno potrebbe soffrire di un calo generalizzato della domanda
Brasile e Cina sono competitori molto forti e che in più si avvantaggiano dei forti aiuti economici elargiti da quei governi
Il mercato degli acciai lunghi è il primo a soffrire in caso di recessione economica
Aggiungiamo l’ultima pessima trimestrale di schmolz e 50% potrebbe essere il prossimo prezzo da qui a qualche settimana
 
Ekosem.
Non si puo' dire che stiano con le mani in mano.....

Ekosem-Agrar AG is significantly expanding its market presence in the EkoNiva range

  • Supply of meanwhile 11 supermarket chains
  • Milk and cottage cheese in great demand among Russian customers
  • Milk production in 34 modern dairy cattle factories - eight start-ups since the beginning of the year

Walldorf, September 12, 2019 - Ekosem-Agrar AG, the German holding company of the EkoNiva Group, which focuses on milk production in Russia, is further expanding its sales network. The availability of their EkoNiva dairy products has been significantly expanded over the last three months from around 200 to over 2,000 outlets. A total of 11 supermarket chains in the greater Moscow area and in the regions of Kaluga, Voronezh and Lipetsk as well as several catering partners are now supplied. New additions to this summer are Billa, Diksy, Lenta, Metro and Miratorg chains. The range of EkoNiva products now comprises 50 articles, of which Russian consumers are particularly in demand for the already award-winning milk and quark products.

Stefan Dürr, main shareholder and CEO of Ekosem-Agrar AG: "Setting up a completely new brand and gradually introducing it to the retail sector is not a matter of course and requires a sustainable sales and marketing strategy. We are all the more pleased with the progress we have already made in the first nine months since the market launch. In the coming months, more supermarket chains and catering partners will be added. "

Expansion of milk production is proceeding according to plan

Ekosem-Agrar AG is also successfully continuing its growth in the area of raw milk production. Since the beginning of the year, eight modern dairy cattle facilities have been opened. Five of these facilities are located in the Voronezh region and one each in Ryazan, Novosibirsk and Orenburg. The new facilities provide space for around 25,000 dairy cows and 35,000 young. In total, Ekosem-Agrar now has 34 modern dairy cattle plants. By the end of the year, additional plants currently under construction will be put into operation.


About Ekosem-Agrar

Ekosem-Agrar AG, Walldorf, is the German holding company of the Ekoniva Group, one of the largest Russian agricultural companies. With a stock of more than 165,000 cattle in dairy production (of which around 85,800 dairy cows) and a milk yield of approximately 2,150 tonnes of raw milk per day as of 31 August 2019, the company is the country's largest dairy producer. The group controls an agricultural area of approximately 590,000 hectares and is also one of the leading seed producers in Russia. Founder and CEO of the company is Stefan Dürr, who has been active in Russian agriculture since the late 1980s and has played a decisive role in their modernization over the past three decades. In 2009, he was awarded the Federal Cross of Merit for his services to the German-Russian agricultural dialogue. The group is represented by more than 13,000 employees in nine regions in Russia. In financial year 2018, Ekosem-Agrar generated operating revenue of € 377 million and adjusted EBITDA of € 116 million. Further information at:www.ekosem-agrar.de
 
General Electric on Thursday said it is offering to buy back up to $5 billion in notes as the conglomerate continues to pare its debt load.
GE said it is launching tender offers covering several series of dollar- and euro-denominated notes as it works to bolster its balance sheet and reduce its industrial leverage.
WSJ
 
Rating Action:
Moody's assigns B3 rating to Uber's new senior notes; B2 CFR affirmed

12 Sep 2019
Approximately $5.6 billion of rated debt affected
New York, September 12, 2019 -- Moody's Investors Service ("Moody's") affirmed Uber Technologies, Inc.'s ("Uber") B2 Corporate Family Rating (CFR), B2-PD Probability of Default Rating, and B1 and B3 ratings for the company's existing senior secured term loans and senior unsecured notes, respectively, and assigned a B3 rating to the company's proposed $750 million of new senior unsecured notes.



Affirmations:

..Issuer: Uber Technologies, Inc.

.... Corporate Family Rating, Affirmed B2

.... Probability of Default Rating, Affirmed B2-PD

....Senior Secured Term Loan B, Affirmed B1 (LGD3)

....Senior Secured Term Loan, Affirmed B1 (LGD3)

....Senior Unsecured Notes, Affirmed B3 (LGD4)



Assignments:

..Issuer: Uber Technologies, Inc.

....Senior Unsecured Notes, Assigned B3 (LGD4)



Outlook Actions:

..Issuer: Uber Technologies, Inc.

....Outlook, Remains Stable



RATINGS RATIONALE
 

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