Topic
Financial Reporting
Showing 61 to 70 of 102 results using the term “Financial Reporting”
Reorg Unveils First Global Earnings Analytics Report With Comprehensive Insights on Over 2500 High-Yield Bonds and Leveraged Loans Issuers
Published on Jul 11, 2024
Ocado’s Delayed Robotic Warehouse Rollout
Reporting: Beatrice Mavroleon, Farooq Baloch U.K. online grocer and technology company Ocado’s 3.875% 2026 notes have fallen to about 85-mid from about 88-mid on June 19, after the company’s Canadian partner Sobeys said it would pause the opening of its fourth customer fulfillment center, a...
Published on Jul 4, 2024
Primary: Upfield
Reporting: Robert Schach For covenant analysis of this transaction, please submit the loan documents to [email protected] Dutch vegetable spread manufacturer Upfield has repriced its term loan B, shaving 50 bps off the margins of the euro, dollar and sterling tranches, sources said. As a...
Published on Jul 3, 2024
R&I Insight H1’24 Wrap: Creditors Try to Regain Control; New 26A Guidance; Overseas Restructuring Tech Improves
Legal Research: Shan Qureshi. In Europe, the first six months of 2024 have seen novel developments in creditor behavior as debtors enter into the financial difficulty zone. Creditors have turned to Cooperation Agreements to bolster their position and also sought to rely on Directors Duties to...
Published on Jul 3, 2024
Restructuring/Waterfall Analysis: Selecta
Credit Research: Charlie Ward, Mengdi Zhang, CFA Legal Research: Chetna Mistry Relevant Items: Cash Flow/Waterfall Model September 2020 Noteholder Presentation October 2021 Cash Flow Model and Waterfall Analysis Form of First Lien Notes due 2026 Form of Second Lien Notes due 2026 Swiss vending...
Published on Jun 25, 2024
Hertz Cash Burn Creates Need for $750M Corporate Debt Raise
Credit Research: Krishan Sutharshana, CFA, Justin Spuma, CFA Relevant Items: June 20 8-K Q1’24 10-Q FY’23 10-K Amid challenges associated with electric vehicles in Hertz Global Holdings Inc.’s fleet and declining used vehicle prices, Reorg estimates that Hertz is burning cash at both its...
Published on Jun 20, 2024
FTX Group Seeks to Halt FTX Exchange Collapse MDL, Third-Party Plaintiffs From ‘Interfering’ With Reorganization; Debtors Warn $1.2B Assets Could Be Diverted
Relevant Documents: Complaint / Memorandum in Support Preliminary Injunction Motion Declaration MDL Notice of Complaint / PI Motion The FTX Group debtors have moved to safeguard their bankruptcy proceedings against a “recently revealed” plan to create an “alternative,...
Published on Jun 4, 2024
Reorg Releases Its Latest Rankings Showing Churchill, Antares, Apogem Among Top 2023 U.S. Direct Lenders
Published on May 8, 2024
OQ Chemicals Loans Recover to Low 90s as Hedge Funds Take Footholds, Speculation Mounts Over Advent Interest; Ad Hoc Group Formed
Reporting: Robert Schach, Farooq Baloch German oxo intermediates and oxo performance chemicals producer OQ Chemicals’ term loans have rallied back into the low 90s after three hedge funds, including Strategic Value Partners, or SVP, started buying into the debt, sources said. The loans had...
Published on Apr 19, 2024