Obbligazioni societarie HIGH YIELD e oltre, verso frontiere inesplorate - Vol. 2 (4 lettori)

gionmorg

low cost high value
Membro dello Staff
Il problema è che nulla si sa. Mi aspettavo che proponessero una qualche forma di ristrutturazione e invece niente
Toys “R” Us Bankruptcy Extension Sought


Toys “R” Us filed with the U.S. Bankruptcy Court a motion to extend the exclusive period during which the Company can file a Chapter 11 plan and solicit acceptances thereof through and including July 15, 2018 and September 13, 2018, respectively.

The motion explains, “An extension of the Exclusivity Periods will provide the Debtors with additional time to prepare for, begin the plan negotiation process, and ultimately implement a value-maximizing restructuring. The Debtors have initiated this process and made substantial progress to date – they are working to finalize their real estate analysis and business plan – and have begun negotiations and discussions with their stakeholders. But there is much more to be done. The Debtors will use the additional time provided by the extension of the Exclusivity Periods to finalize their analyses, further discussions regarding their restructuring strategy, and engage in the multiparty negotiations that will ultimately result in the stakeholders coalescing around a consensual plan of reorganization and emergence capital structure. Significantly, the extension of the Exclusivity Periods contemplated herein will allow the Debtors to emerge from chapter 11 prior to the next holiday season.”

In addition, “This is in the best interests of the company and all of the Debtors’ stakeholders. The Debtors believe that the collaborative efforts of stakeholders to date in these chapter 11 cases will continue into the restructuring discussions and chapter 11 plan negotiation process and will help the Debtors to accomplish a consensual restructuring on this timeline.” The Court scheduled a December 19, 2017 hearing to consider the motion.
 

IL MARATONETA

Forumer storico
Toys “R” Us Bankruptcy Extension Sought


Toys “R” Us filed with the U.S. Bankruptcy Court a motion to extend the exclusive period during which the Company can file a Chapter 11 plan and solicit acceptances thereof through and including July 15, 2018 and September 13, 2018, respectively.

The motion explains, “An extension of the Exclusivity Periods will provide the Debtors with additional time to prepare for, begin the plan negotiation process, and ultimately implement a value-maximizing restructuring. The Debtors have initiated this process and made substantial progress to date – they are working to finalize their real estate analysis and business plan – and have begun negotiations and discussions with their stakeholders. But there is much more to be done. The Debtors will use the additional time provided by the extension of the Exclusivity Periods to finalize their analyses, further discussions regarding their restructuring strategy, and engage in the multiparty negotiations that will ultimately result in the stakeholders coalescing around a consensual plan of reorganization and emergence capital structure. Significantly, the extension of the Exclusivity Periods contemplated herein will allow the Debtors to emerge from chapter 11 prior to the next holiday season.”

In addition, “This is in the best interests of the company and all of the Debtors’ stakeholders. The Debtors believe that the collaborative efforts of stakeholders to date in these chapter 11 cases will continue into the restructuring discussions and chapter 11 plan negotiation process and will help the Debtors to accomplish a consensual restructuring on this timeline.” The Court scheduled a December 19, 2017 hearing to consider the motion.
Grazie jonmorg. Qui si conferma che c'è la volontà di presentare un piano con i creditori entro un anno.
 

gionmorg

low cost high value
Membro dello Staff
Rating Action:
Moody's downgrades PetSmart to B2, outlook remains negative

Global Credit Research - 05 Jan 2018
New York, January 05, 2018 -- Moody's Investors Service, ("Moody's") today downgraded PetSmart, Inc.'s Corporate Family Rating and Probability of Default Rating to B2 and B2-PD from B1 and B1-PD respectively. Moody's also downgraded the rating of its senior secured term loan and senior secured notes to B1 from Ba3 and its senior unsecured notes to Caa1 from B3. The ratings outlook remains negative.



"The downgrade reflects PetSmart's weak operating performance, especially in its core retail business, which has been below our expectations and we therefore do not expect its credit metrics, already weakened by the recent Chewy acquisition, to demonstrate any meaningful improvement in the next 12 months," Moody's Vice President Mickey Chadha stated. "Like most high growth pure play online retailers we estimate Chewy will remain EBITDA negative for at least the next 12 months and our negative outlook reflects the uncertainty around PetSmart's ability to reduce leverage to below 6.5 times considering the execution and integration risks associated with the Chewy acquisition and the increasingly competitive business environment", Chadha further stated.
 

gionmorg

low cost high value
Membro dello Staff
Rating Action:
Moody's downgrades Norske Skogindustrier ASA's PDR to D-PD

Global Credit Research - 04 Jan 2018
Frankfurt am Main, January 04, 2018 -- Moody's Investors Service, ("Moody's") has today downgraded the probability of default rating (PDR) of Norske Skogindustrier ASA (Norske Skog) to D-PD from Ca-PD/LD. Moody's expects to withdraw the Caa3 corporate family rating as well as the PDR of Norske Skogindustrier ASA. The rating outlook is stable.


Non so se qualcuno è ancora dentro
 

zoroaster

Forumer attivo
se DB prevede il cambio Euro/$ a 1,30 per fine 2018,premesso che in Euro non si trova praticamente nulla o non c`è garn che, che cosa cerchiamo per investire?:oops:
 

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