News by subject: RCN

NorthShore ? Edward-Elmhurst Health today revealed the name and unified brand for its newly combined health system: Endeavor Health?. This announcement marks an exciting milestone following the merger between NorthShore University HealthSystem...

Banco Safra today stated that it has filed a motion in the Americanas restructuring in the Brazilian courts, not a lawsuit as described in an earlier press release. The filing seeks to prevent Americanas and its controlling shareholders from moving...

Hansa Biopharma, "Hansa" , announced today that it plans to restructure the organisation to better align and focus on key clinical development and commercial priorities. The planned restructuring would result in an approximately 20-25% reduction in...

North America's largest glass recycler, Strategic Materials, Inc. (the "Company" or "SMI"), announced a comprehensive restructuring to position the business for long-term growth. SMI and certain of its U.S. domestic subsidiaries have filed voluntary...

Western Global Airlines ("WGA" or the "Company"), a US FAA 121 certified long-haul wide-body cargo airline with worldwide coverage, announced today that...

Since the fall of 2021, Helbio S.A. has been a wholly-owned subsidiary of Metacon, operating under its own name. Helbio, currently comprising of approximately 25 employees in Patras, western...

Output Services Group, Inc., d/b/a EverView ("OSG" or the "Company"), a leading provider of print and digital billing and payment solutions, today announced it has successfully completed its reorganization process, emerged from Chapter 11 and exited...

Potrero Medical, Inc. ("Potrero" or the "Company") announced today that it has begun a voluntary restructuring of its finances by filing a pre-negotiated petition for relief under Chapter 11 of the U.S. Bankruptcy Code. The restructuring is expected...

Wolverine Energy and Infrastructure Inc. (the "Company") reports that, with the authorization and approval of its Board of Directors, and on behalf of itself and its subsidiaries (collectively, "Wolverine"), that the Company has made a filing for...

Western Storage & Handling ("Western"), a leading designer, distributor, and installer of material handling and storage equipment in the Rocky Mountain region, proudly announces its recapitalization in partnership with Ben Schnakenberg, Founder and...

Lorito Holdings S.à.r.l ("Lorito"), a private company controlled by trusts settled by the late Adolf H. Lundin, of 40, Boulevard Grande Duchesse Charlotte, L-1330 Luxembourg, announces that on November 28, 2023, it completed an internal corporate...

The Restructuring Effective Date in relation to Atento's financial restructuring implemented through a UK restructuring plan has occurred following approval by its creditors and the sanction of the English Court.Following the successful funding of...

LG Electronics (LG) today announced organizational changes to take another leap forward towards achieving the Future Vision 2030 announced in July. The changes are being implemented to strengthen organizational capabilities and business...

Output Services Group, Inc., d/b/a EverView ("OSG" or the "Company"), a global provider of billing and payment solutions, announced today that it received confirmation of its Second Amended Joint Prepackaged...

Reimagined Parking, formerly known as REEF Parking, today announced sweeping changes poised to position it for continued growth. Driven by a strategic recapitalization led by Mubadala Capital, the wholly owned asset management subsidiary of Mubadala...

KORE Group Holdings, Inc.  ("KORE" or the "Company"), the global pure-play Internet of Things ("IoT") hyperscaler and provider of IoT Connectivity, Solutions and Analytics, today announced that it has completed its previously announced transactions...

Centria Autism, a national provider of Applied Behavior Analysis (ABA) therapy for children with autism, today announced an organizational restructure designed to address operational challenges faced by Board-Certified Behavior Analysts (BCBAs)....

Amwins Group, Inc. ("Amwins"), the largest P&C wholesale broker and global distributor of specialty insurance products and services in the U.S., announced the completion of a significant recapitalization transaction with its existing shareholder...

On September 15, 2023, Triaxcess Ltd., a UK-based company, acquired all the shares of Swarmio Media Inc. and Swarmio Inc. ("Swarmio"). This marks the successful completion of its sale and Investment Solicitation Process, and effectively, concludes...

Mallinckrodt plc (in examination under Part 10 of the Companies Act 2014 of Ireland, and hereinafter "Mallinckrodt" or the "Company"), a global specialty pharmaceutical company, today announced that the High Court of Ireland (the "Irish High Court")...

Proceedings were...

Harbour Grace Ocean Enterprises (HGOE), a marine vessel repair, refit and construction business based in Harbour Grace, Newfoundland and Labrador, announced it has commenced restructuring proceedings under the Companies' Creditors Arrangement Act....

Calumet Specialty Products Partners, L.P. (the "Partnership," "Calumet," "we," "our" or "us"), today announced the execution of an agreement to effectuate a corporate transition (the "Corporate Transition") of Calumet Specialty Products Partners,...

Anagram International ("Anagram" or the "Company"), the world's leading foil balloon manufacturer, has moved to strengthen its financial position and capitalize on growth opportunities as it continues to provide...

Systemair has decided to discontinue the production of the Menerga products in Muelheim an der Ruhr, Germany, in 2024. The factory currently manufactures highly efficient ventilation units for swimming pools, waterparks, and low energy buildings. ...

HCI Equity Partners ("HCI"), a leading lower middle-market private equity firm, today announced the recapitalization of Tri-State Enterprises, Inc. ("Tri-State" or the "Company") in partnership with management. Financial terms of the transaction were...

Adviser Investments, a leading independent wealth management firm, today announced its rebranding as RWA Wealth Partners. The rebrand follows the successful merger with Ropes Wealth Advisors earlier this year. With...

AMSURG, a leader in ambulatory surgery center services, announced today its successful emergence from its restructuring process. AMSURG emerges under new ownership as a separate and independent entity from Envision Healthcare. This marks a new...

IronNet, Inc. ("IronNet" or "the Company") stabilizes operations and continues plan of reorganization under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware (the "Court" and such...

Stockbridge today announced the completion of a strategic reorganization that includes the firm's invitation to the National Pension Service of Korea to become a minority interest holder. NPS, the world's third-largest pension fund with over $750...

MarketsandMarketstm, a global management consulting and advisory firm, announced the enhancement of its offerings specifically for the rapidly evolving Indian market. Originally renowned for serving Fortune 500 companies across North America and...

Against the background of continued weak consumer demand and competitive pressure in the market, Electrolux Group is stepping up its cost reduction efforts to restore margins. The actions are expected to result in net cost savings of SEK 10-11bn in...

Big Erics Inc., the almost 80-year-old hospitality, sanitation, and janitorial commercial distribution and sales organization, with strong roots in Newfoundland and more broadly based in the Atlantic Region of Canada, obtained an order from the...

Dave's Pet Food, LLC, a family-owned, affordably priced premium pet food company, today announced the launch of its first major rebrand in the company's 22-year history. The company's comprehensive efforts were timed to align with National Pet...

VERTESS (www.vertess.com), a leading healthcare mergers and acquisitions (M&A) advisory firm, today announced the closing of five major healthcare transactions in Q3 2023 with a combined total transaction value of $75,000,000. The five transactions...

Six Pillars Partners ("Six Pillars" or "SPP"), a Texas-based private equity firm focused on the lower middle-market, announced today that in September of this year it led the recapitalization of Royalty Roofing ("Royalty") and its sister company,...

Hello Bello (the...

Exchange Traded Concepts, LLC, adviser to the Range Cancer Therapeutics ETF (CNCR) and the Loncar China BioPharma ETF (CHNA) is pleased to announce the completion of the reorganization of CHNA into CNCR following the close of business on October 20,...

Financial restructuring to fortify balance sheet and provide liquidity runway for next stage of growth Approvals received from key stakeholders across capital structure; transaction will be implemented through prepackaged court-supervised process;...

The Ad Hoc Group of Bondholders (the "Group") of the Republic of Sri Lanka ("Sri Lanka") has taken note of the progress Sri Lanka has made with its official sector creditors towards reaching an agreement in principle on a debt treatment within the...

Neuberger Berman Municipal Fund Inc. has announced a distribution declaration of $0.03774 per share of common stock. The distribution announced today is payable on November 15, 2023, has a record date of October 31, 2023 and has an ex-date of...

OSG's Debt and Equity Holders Support Agreement that Strengthens Balance SheetDebt reduced by approximately $550 million, resulting in $44 million reduction in Annual Interest Expense Implemented through an expedited Pre-Packaged Chapter 11 Plan of...

Conversant Group, an innovative provider of "Secure...

The Ad Hoc Group of Bondholders (the "Group") of the Republic of Sri Lanka ("Sri Lanka") has taken note of the progress Sri Lanka has made with its official sector creditors towards reaching an agreement in principle on a debt treatment within the...

Venator Materials PLC ("Venator" or the "Company"), a global manufacturer and marketer of chemical products, has successfully completed its Chapter 11 recapitalization process and has emerged with an improved balance sheet and lower debt. The Company...

Scully Royalty Ltd. (the "Company") announces that the operator of the Scully mine has obtained an initial court order commencing proceedings under the Companies' Creditor's Arrangement Act (Canada) ("CCAA").  In connection with the CCAA...

Party City Holdco Inc. ("PCHI" or the "Company"), a global leader in the celebrations industry, announced today that it has completed its restructuring process and emerged from Chapter 11 financially stronger and well positioned for the future....

Mallinckrodt plc (in examinership) ("Mallinckrodt" or the "Company"), a global specialty pharmaceutical company, today announced that its Plan of Reorganization (the "Plan") has been confirmed by the U.S. Bankruptcy Court for the District of...

Toronto-based fintech Clearco announced today the completion of multiple actions to recapitalize its business and solidify its position as the leading provider of growth capital to e-commerce businesses. The transactions include a $60M equity raise...

Instant Brands (the "Company"), maker of consumer favorites like Instant Pot®, Corelle®, Pyrex®, Snapware®, CorningWare®, Visions® and Chicago Cutlery®, today announced that following a comprehensive sale process and competitive auction, the U.S....