News by subject: RCN

iAnthus Capital Holdings, Inc. ("iAnthus" or the "Company") , , which owns, operates and partners with regulated cannabis operations across the United States, reminds Secured Noteholders, Unsecured Debentureholders, Equityholders (each as defined...

Oasis Petroleum Inc. ("Oasis Petroleum" or the "Company") today announced that the Company elected to enter into a 30-day grace period and defer making the interest payments due September 15, 2020 on its 6.875% Senior Unsecured Notes due 2022 and...

BRK, Inc. (the "Company") is pleased to inform its shareholders that the final step of its corporate restructuring has been achieved with the creation of PCS Inc. ? Phoenix Custom Silicon Incorporated. PCS has been incorporated as a private company...

CLIENT At its inception more than 55 years ago, the original vision of The Paper Store ("TPS" or the "Company") was to serve as a local retailer offering newspapers, magazines, greeting cards and school supplies. Since then, The Paper Store has...

VIVO Cannabis Inc. ("VIVO" or the "Company") announces that the holders of its 6% unsecured convertible debentures dated February 28, 2018 (each, a "Debenture" and collectively, the "Debentures"), due on February 28, 2021, have approved certain...

Canopy Rivers Inc. ("Canopy Rivers" or the "Company") announces that PharmHouse Inc. ("PharmHouse"), the Company's 49%-owned joint venture in Leamington, Ontario, has obtained an order  (the "Initial Order") from the Ontario Superior Court of...

Stora Enso will start codetermination negotiations with employees at its Hylte Mill in Sweden regarding a plan to reorganise the mill, including permanent closure of paper machine PM3 and the deinking plant (DIP). After the planned restructuring, the...

School Specialty, Inc., a leading provider of educational products and services to the Pre-K- 12th grade market in the U.S. and Canada., today announced that substantially all its assets have been acquired by SSI Acquisition, LLC, an entity formed by...

Venture Café New England, a tax-exempt 501(c) (3) non-profit which has championed small businesses and aspiring entrepreneurs by providing free services in New England for over 10 years, is pleased to announce the appointment of Daniel Vidaña as...

Valaris plc ("Valaris" or the "Company") today announced that the joinder period under its Restructuring Support Agreement (the "RSA") and Backstop Commitment Agreement (the "BCA") has expired and that holders of 72% in aggregate principal amount of...

Today SnackNation evolves beyond snacks and unveils its new brand - Caroo, the world's first software-enabled Employee Care platform for today's flexible enterprise. Caroo's mission is to deliver meaningful moments of care that nourish and inspire...

Today Western Midstream Partners, LP ("WES") announced a re-composition of the board of directors (the "Board") of Western Midstream Holdings, LLC, its general partner (the "General Partner"). Kenneth F. Owen, David J. Schulte, and Lisa A. Stewart...

Glass Lewis reverses their original recommendation and now both Glass Lewis and ISS recommend that Shareholders vote AGAINST the Management Transaction. When viewed alongside the significant sell-side analysts' support of Wilks' Superior Alternative...

Calfrac Well Services Ltd. ("Calfrac" or the "Company")  announces the postponement of the shareholders and unsecured noteholders meetings with respect to its proposed Recapitalization Transaction from September 17, 2020 to September 29, 2020. As...

Glass Lewis reverses their original recommendation and now both Glass Lewis and ISS recommend that Shareholders vote AGAINST the Management Transaction. When viewed alongside the significant sell-side analysts' support of Wilks' Superior Alternative...

Wilks reminds Calfrac shareholders to vote AGAINST the Management Transaction $0.18 per Calfrac share under Wilks' Premium Offer is far superior to $0.03 per Calfrac share under the insider-led Management Transaction. Calfrac's share price would need...

Hornbeck Offshore Services, Inc. (the "Company") announced that on September 4, 2020 (the "Effective Date") the Company emerged from Chapter 11 pursuant to its Joint Prepackaged Chapter 11 Plan of Reorganization (the "Plan"). The Plan implements the...

J.Crew Group (the "Company") today announced that it has successfully completed its financial restructuring process and emerged from Chapter 11 well positioned for long-term growth. As part of its financial restructuring, the Company has equitized...

Turquoise Hill Resources Ltd. ("Turquoise Hill" or the "Company") is today providing an update on developments with respect to its ongoing engagement with the Company's controlling shareholder, Rio Tinto plc ("Rio Tinto"), concerning the long-term...

CEC Entertainment, Inc. ("CEC" or the "Company"), a nationally recognized leader in family entertainment and dining, today announced that it has entered into a plan support agreement ("PSA") with consenting creditors holding greater than 66-2/3% in...

The U.S. Bankruptcy Court for the Southern District of Texas, Houston Division today issued a ruling confirming Neiman Marcus Group LTD LLC's (the "Company") Plan of Reorganization ("the Plan"). This clears the way for the Company's emergence from...

UrtheCast Corp. ("UrtheCast" or the "Company") was granted an initial order (the "Initial Order") today pursuant to the Companies' Creditors Arrangement Act (the "CCAA") by the Supreme Court of British Columbia on application by the Company seeking...

Sabre Corporation ("Sabre") today announced that, as part of its ongoing proactive response to the impact on its business of the COVID-19 pandemic, it has completed the readjustment of its capital structure to enhance cash on hand and extend the...

Group 1 Automotive, Inc. , ("Group 1" or the "Company"), an international, Fortune 500 automotive retailer, today announced that it has completed the redemption of all of its outstanding 5.000% senior notes due 2022 (CUSIP No. 398905 AK5) (the "2022...

Calfrac Well Services Ltd. ("Calfrac" or the "Company")  is announcing that Wilks Brothers, LLC ("Wilks Brothers") has lost its latest attempt to litigate against Calfrac's Recapitalization Transaction. On July 13, 2020, Calfrac and certain related...

Immunovia AB (publ) ("Immunovia") a near-commercial stage diagnostics company developing ground-breaking antibody-based multiplex microarray technology platform called IMMraytm for the early detection of cancer, announced today that Dr. Peter...

Pyxus International, Inc. ("Pyxus"), a client of Finacity Corporation ("Finacity"), successfully completed its reorganization in only 70 days. Originally filing on June 15, 2020, the company emerged on August 24, 2020 with its debt reduced by more...

Calfrac Well Services Ltd. ("Calfrac" or the "Company")  is announcing that it has prevailed in its request for entry of a recognition order under Chapter 15 of the United States Bankruptcy Code ("Chapter 15"), despite Wilks Brothers LLC's ("Wilks...

Bruin E&P Partners, LLC and its subsidiaries ("Bruin" or the "Company"), an exploration and production company with assets in the Williston Basin, North Dakota, today announced that it has completed its restructuring process and has emerged from...

Certain of the new secured noteholders (the "NSNs") approached Seadrill Limited (the "Company") to discuss the possibility of extinguishing the outstanding NSNs in exchange for certain secured collateral. The attached slide details the Company's...

RALEIGH, N.C., Aug. 31, 2020 /PRNewswire/ -- A renowned commercial real estate firm with a 30-year history in the Triangle market today announced its new brand and vision for the future along with its departure from a national firm. Now known as APG...

As part of a re-branding initiative, ALTEN Calsoft Labs has unveiled "ACL Digital" as its new brand name and logo to reflect its alignment to take the lead in today's digital driven and rapidly transforming business landscape. ALTEN Calsoft Labs,...

Avianca Holdings S.A. (the "Company" or "Avianca") today issued a statement regarding the Company's expected debtor-in-possession ("DIP") financing, following the announcement by the Republic of Colombia's Ministerio de Hacienda y Credito Público...

EP Energy Corporation ("EP Energy" or the "Company") today announced that the United States Bankruptcy Court for the Southern District of Texas (the "Court") has confirmed the Company's Amended Plan of Reorganization (the "Amended Plan"). The Company...

Nous Infosystems today announced its transition to the ServiceNow Premier Partner Program segment. ServiceNow's global partner segment framework is designed to determine how well a Partner strategically supports ServiceNow's goal of $10 billion and...

As part of its continued recovery plans, Swoop is announcing the start of operations at Toronto Pearson Airport beginning on October 25, 2020. As Canada's leading ultra low-cost carrier (ULCC), Swoop is well-positioned to serve price-sensitive...

Bed Bath & Beyond Inc. today announced a major realignment of its organizational structure, estimated to generate future annual pre-tax cost savings of approximately $150 million. This represents a portion of the anticipated savings from the...

Pyxus International, Inc. ("Pyxus" or "the Company"), a global value-added agricultural company, announced today that the Amended Joint Prepackaged Chapter 11 Plan of Reorganization of Pyxus International, Inc. and Its Affiliated Debtors (the "Plan")...

Associated Materials (the "Company" or "AMI"), a North American manufacturer and distributor of exterior building products with over $1.3 billion in annual sales, today announced that it has closed the series of recapitalization transactions (that...

NIIT Technologies Limited (NSE: COFORGE), a leading global IT solutions and services organization, announced that the company has begun operating under a new name Coforge Limited with a newly designed company logo unveiled today. This renaming...

The majority bondholders and Clare Oaks, the owner and operator of a continuing care retirement community outside of Chicago, announced that they have reached agreement on a consensual restructuring plan in Clare Oaks' Chapter 11 bankruptcy case. ...

The Recapitalization Transaction remains the only transaction being voted upon, notwithstanding other contrary assertions in the media. The Recapitalization Transaction already has the contractual support of 78% of Senior Unsecured Noteholders and...

Advanced Green Innovations, LLC and its subsidiaries ZHRO Power, LLC and ZHRO Solutions, LLC ("AGI/ZHRO") emerged from restructuring proceedings as Proteum Energy, LLC, the developer of leading-edge patented technology in the oil and gas industry to...

Valaris plc ("Valaris" or the "Company") today announced that it has entered into a binding Restructuring Support Agreement (the "RSA") and Backstop Commitment Agreement (the "BCA") with approximately 50% of its noteholders ("Consenting...

Brown Gibbons Lang & Company ("BGL") is pleased to announce the simultaneous recapitalizations of Grandview Surgery Center and North East Surgery Center ("NESC") by Surgical Care Affiliates ("SCA") and Geisinger Health, respectively. SCA and...

After joining forces earlier this year, leading litigation support companies Innovative Litigation and iNSERViO3 today announced they will begin operating as one brand under a new name ? Array. The change reflects the combined new company's range of...

Soft-Tex International, a leading bedding and home product innovation company, is pleased to share news of its new organizational structure into 3 functional groups (Innovation, Sales & Marketing, and Finance / Administrative) to better align with...

Residents of Quebec face the same challenges as the rest of Canadians; it can be expensive and inconvenient to prepare a Will, yet every adult should have one.  With approximately 65% of Canadian adults without an...

Triumph Group, Inc. ("Triumph" or the "Company") today announced the consummation of a series of strategic refinancing transactions, including the closing of its previously announced offering of $700.0 million of its 8.875% senior secured first lien...

  As previously disclosed, Calfrac Well Services Ltd. ("Calfrac" or the "Company") received an alternative business proposal from Wilks Brothers, LLC ( "Wilks Brothers") on August 4, 2020.  The Special Committee of Independent Directors of Calfrac...