News by subject: RCN

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....

Atento receives backstop commitments for an additional $76 million in exit financing.This additional funding commitment comes on top of the $37 million funding already received by Atento, bringing the total additional funding to be received in...

iNRCORE, LLC ("iNRCORE" or the "Company"), a portfolio company of TJC, L.P. ("TJC"), is pleased to announce that it has entered into a definitive agreement with funds advised by TJC and funds advised by Warburg Pincus LLC ("Warburg Pincus") to...

Backcast Partners ("Backcast"), a provider of debt and equity capital for both middle-market private equity and non-private equity owned companies, is pleased to announce its most recent investment in support of Jackson Hewitt Tax Services, Inc....

Leading third-party logistics (3PL) providers Worldwide Express, GlobalTranz and Unishippers today unveiled a new corporate identity, WWEX Group. A culmination of a multi-year acquisition strategy and integration effort, WWEX Group is the...

Reference is made to the previous announcement made by Aker Horizons ASA ("Aker Horizons") regarding the initiation by Mainstream Renewable Power ("Mainstream") of Judicial Reorganisation Proceedings for Huemul Energía SpA and Condor Energía SpA in...

An investor group led by Todd DiBenedetto and with a history of successful corporate turnarounds has purchased the Rane Precision Die Casting facility in Russellville, Kentucky, saving 200 jobs. The transaction closed in mid-September after...

Humbly producing magical live experiences in Austin kept Fusebox Festival a hidden gem for almost 20 years. A fresh rebrand will now allow that gem to shine in the light. Introducing Fusebox! ...

Inversiones Latin America Power Limitada ("ILAP" or the "Company") today announced an agreement in principle with noteholders to restructure its balance sheet. This agreement will reduce senior secured debt by approximately $160 million, as well as...

Silver Oak Services Partners, LLC ("Silver Oak"), a lower middle market private equity firm focused exclusively on service businesses, announced it has led the recapitalization of Quality Liaison Services ("QLS" or the "Company") in partnership with...

SunStream USA was formed today in anticipation of SunStream Bancorp Inc.'s ("SunStream") signing of restructuring documentation with Surterra Holdings, Inc. d/b/a Parallel ("Parallel"). SunStream is a joint venture sponsored by SNDL Inc. ("SNDL")....

Numinus Wellness Inc. ("Numinus" or the...

Best Version Media, a leader in advertising solutions for local businesses, has announced a new brand identity to align with the company's impressive growth and continued expansion into the digital space. These exciting updates include redesigned...

West Marine and certain of its affiliates ("West Marine" or the "Company"), the nation's leading omnichannel provider in the marine aftermarket,...

Electrolux Group has divested its manufacturing facility in Nyíregyháza, Hungary to Swedish heat pump manufacturer Qvantum for a cash consideration of EUR 38m (approx. SEK 455m). The approximate gain of EUR 25m (approx. SEK 300m) will be recorded as...

Climate Risk Partners ("CRP"), a climate risk strategy start-up, today announced its integration into Climate Commodities ("CC"), a climate economy-focused platform with operating companies in physical trading, mineral processing and refining,...

The public relations agency TESLA RP, operating in Quebec and Canada since 2015, has become AUCOIN Strategy & Communication. The agency's new brand image reflects its commitment to better align its DNA with the needs of its clients....

Oppenheimer & Co. Inc. ("Oppenheimer")?a leading wealth manager, investment bank, and a subsidiary of Oppenheimer Holdings ? today announced the launch of a strategic brand initiative. The relaunch is accompanied by a multi-channel advertising...

Changing business needs are compelling pharmaceutical engineering leaders to identify new ways to streamline manufacturing operations. That's the major conclusion from Forefront, the Unispace Life Sciences Global Benchmark Report, which provides a...

SkillCycle, a learning company focused on helping companies and their employees thrive through upskilling, announced today that their development-first platform enables a direct path from learning to performance management. C-suites and leadership...

To continue its mission to build a greener future, Holcim US, the leader in sustainable building solutions, today announced plans to unite its legacy brands in and around Boston....

EverBank, formerly TIAA Bank, today celebrates the launch of its new name and brand, marking a significant milestone in its mission to redefine banking through innovation, performance, and client partnership. Experience the full interactive...

Axcelis Technologies, Inc. , a leading supplier of enabling ion implantation solutions for the semiconductor industry, today announced that its Board of Directors has authorized additional funding of $200 million for the Company's share repurchase...

Soft Surroundings (the "Company") today announced that it has entered into a Restructuring Support Agreement ("RSA") pursuant to which Coldwater Creek under the ownership of Newtimes Group, will continue ongoing direct-to-consumer and e-commerce...

Westlake Surgical, L.P., dba The Hospital at Westlake Medical Center ("The Hospital at Westlake" or the "Hospital"), a proudly physician-owned boutique hospital that offers a wide range of premier medical services and exceptional patient care, today...

Reaches Transaction Support Agreement with More Than 75% of Secured Letter of Credit Facility Providers, Funded Debt Creditors and Equity Holders Receives $250 Million in New Capital The Agreement Extends Company's Loans and Letter of Credit...

In a bold restructure, Clyde Companies merged Colorado-based IHC Scott with legacy subsidiary WW Clyde. On October 1, 2023, all IHC Scott operations will officially become the Great Plains Division of WW Clyde. The strategic move amplifies WW Clyde's...

Party City Holdco Inc. ("PCHI" or the "Company"), a global leader in the celebrations industry, announced today that it has received approval from the U.S. Bankruptcy Court for the Southern District of Texas of its Plan of Reorganization,...

Precision OT, a global optical system engineering and integration company, has announced its strategic decision to rebrand to Precision Optical Technologies, Inc. The name change comes as the company evolves its services and solutions to reach beyond...

Atento S.A. ("Atento" or the "Company"), one of the world's largest providers of customer relationship and business process outsourcing (CRM/BPO) services and an...

Today, Victory Property Management, a leading regional property management firm, has officially announced its rebranding to "MoveZen" Property Management. This name change is a reflection of the company's ongoing commitment to a customer-first...

Mallinckrodt plc ("Mallinckrodt" or the "Company"), a global specialty pharmaceutical company, today announced that it has received approvals from the U.S. Bankruptcy Court for the District of Delaware for its "First Day" motions related to the...

Mallinckrodt plc ("Mallinckrodt" or the "Company"), a global specialty pharmaceutical company, today announced that it...

AgileThought, Inc. ("AgileThought" or the "Company"), a global provider of digital transformation services, agile software development, and next generation technology solutions, today announced additional working capital funding, a go-private...

Mallinckrodt plc ("Mallinckrodt" or the "Company"), a global specialty pharmaceutical company, today announced that it...

East Side Games Group (ESGG), a leading player in the mobile game industry, has today unveiled a strategic restructuring plan aimed at realigning the company's priorities to ensure a more robust and successful future....

Creatd, Inc. $VOCL; ("Creatd" or the "Company") today shares an open letter from Chairman and CEO of Creatd, Inc. to shareholders addressing declining stock values. Dear Creatd Shareholders, I'm writing to address recent concerns and developments at...

BPEA EQT sells its remaining 26.6 percent stake in Coforge, an India-headquartered Digital IT Solutions & Technology Consulting Services provider, through a USD 924m block tradeIdeally positioned in one of BPEA EQT's core sectors, Tech Services,...

Agreement Supported by a Substantial Majority of Each of its First and Second Lien Debtholders and Opioid Trust Financial Restructuring Plan to Significantly Reduce Debt, Increase Free Cash Flow Generation, Extend Maturity Runway and Better Position...