Eastman Kodak Co. reached a deal with three major banks to be provided with $895 million in debt financing following its planned emergence from bankruptcy. Click here for the Daily Bankruptcy Review article.
Eastman Kodak Co. said it reached a deal, subject to court approval, that would allow it to repay its second-lien creditors in cash instead of equity in the company. Click here for the Daily Bankruptcy Review article.
The $1.9 billion debt-repayment deal that’s designed to pull Jefferson County, Ala., out of bankruptcy will eventually costs its citizens almost four times that amount. Read the Daily Bankruptcy Review article via The Wall Street Journal.
Orchard Supply Hardware Stores filed for Chapter 11 bankruptcy protection Monday with plans to sell itself to Lowe’s Cos., subject to higher bids at auction. Click here for the Daily Bankruptcy Review article.
A federal appeals court on Wednesday ruled that the federal government went too far when seizing assets to repay Scott Rothstein’s Ponzi scheme victims, handing a victory to bankruptcy trustees. Read the Daily Bankruptcy Review article here.
Patriot Coal Corp.’s chief executive and the head of its mine workers’ union traded barbs Wednesday after the union accused the company of walking out of negotiations to reach new labor terms. Read the Daily Bankruptcy Review article via The Wall Street Journal.
Bondholders are circling Exide Technologies Inc. looking for leverage in a Chapter 11 bankruptcy case that is shaping into a fast-moving revamp of the global battery business. Read the Daily Bankruptcy Review article here.
The mine workers union that’s been battling with Patriot Coal Corp. for months is appealing a recent court ruling that cleared Patriot to reject its collective-bargaining agreements. Read the Daily Bankruptcy Review article here.
Troubled battery maker Exide Technologies Inc. filed for Chapter 11 bankruptcy protection early Monday as it faced $31 million in interest payments in August and the maturity of nearly $52 million in convertible notes in September. Read the Daily Bankruptcy Review article via The Wall Street Journal.
