The Daily Docket: Reddy Ice Considers Bankruptcy

Reddy Ice Holdings Inc. is considering seeking bankruptcy protection in a prearranged deal with lenders and other stakeholders as it continues to incur losses, the company said in a regulatory filing. Read the Daily Bankruptcy Review article here.

Solar project developer Solar Trust of America LLC filed for bankruptcy before it could finish a multibillion-dollar solar plant in California that was planned to pump electricity into the grid. Click here to read the article in DBR Small Cap.

(The Daily Bankruptcy Review and DBR Small Cap are daily newsletters with comprehensive coverage and analysis of emerging and in-progress insolvencies and turnarounds. For a two-week trial to DBR, click here. For DBR SC, click here.)

Consumer-marketing services provider Velo Holdings Inc. filed for Chapter 11 protection Monday, Reuters reports.

DirecTV says Tribune Co. creditors took control of certain local TV stations without getting regulators’ approval, The Wall Street Journal reports.

According to the Birmingham News, Moody’s Investors Service downgraded some of Jefferson County, Ala.’s debt.

A state controller will investigate Stockton, Calif.’s finances, the Los Angeles Times reports.

Brazil-based Rede Energia SA wants to renegotiate the terms of its dollar bonds a few weeks after its Centrais Eletricas do Para SA unit filed for bankruptcy, Bloomberg reports.

According to WSJ, Chrysler Group LLC’s sales in the U.S. rose 34% last month. Chrysler reported its strongest first-quarter and monthly sales since 2008.

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