Edition:
United Kingdom

Bankruptcy

Brazil Oi creditors file U.S. motion as bankruptcy negotiations continue

SAO PAULO, May 23 Creditors of Brazil's Oi SA filed a motion this week in U.S. bankruptcy court to pressure the telephone operator to consider a proposal which could give lenders control of the restructured company, a source close to the lenders said.

Westinghouse reaches deal for $800 mln U.S. bankruptcy loan

May 23 Westinghouse Electric Co told a U.S. court on Tuesday the nuclear power company had reached a deal to borrow $800 million after allaying creditors' concerns that the money would be flowing to non-bankrupt affiliates overseas.

Bonds, Regulatory News, 23 May 2017

BRIEF-Paragon offshore announces approval of administration application and appointment of joint administrators in the United Kingdom

* Paragon Offshore announces approval of administration application and appointment of joint administrators in the United Kingdom

Regulatory News, Bonds 23 May 2017

BRIEF-Azure Midstream Partners LP says court approved Azure Midstream Partners LP's fifth amended and restated plan of liquidation

* Azure Midstream Partners LP says court approved Azure Midstream Partners LP's fifth amended and restated plan of liquidation

Bonds, Regulatory News, 23 May 2017

BRIEF-Oakridge Holdings, unit, Kuckeberg Industries agreed to terminate asset purchase, related management agreements

* Oakridge Holdings- co, unit, kuckeberg industries mutually agreed to terminate asset purchase, related management agreements dated june 20, 2016

Regulatory News, Bonds 23 May 2017

BRIEF-Gulfmark Offshore enters into intercompany dip agreement

* Gulfmark Offshore Inc - entered into intercompany dip agreement among company, Gulfmark Rederi as, as lender, and DNB Bank Asa, as issuing bank

Bonds, Regulatory News 23 May 2017

BRIEF-Admiral Boats signs lease agreement of its production unit

* INFORMED ON MONDAY THAT IT SIGNED LEASE AGREEMENT OF THE ORGANISED PART OF THE COMPANY TO PROTECT IT FROM DEVALUATION ASSOCIATED WITH BANKRUPTCY PROCEEDINGS

23 May 2017

Puerto Rico pension, highway agency join government in bankruptcy

NEW YORK, May 22 Puerto Rico's federal oversight board has sought bankruptcy protection for the island's highway authority and largest public pension, making them the latest commonwealth entities to turn to a court to work out debt.

22 May 2017

Fitch Withdraws Waste Italia SpA's Ratings

(The following statement was released by the rating agency) LONDON/MILAN, May 22 (Fitch) Fitch Ratings is withdrawing the 'RD' Long-Term Issuer Default Rating and the 'C/RR5' senior secured notes ratings of Waste Italia SpA (WI) as Fitch will no longer have sufficient information to maintain the ratings. Accordingly, Fitch will no longer provide ratings or analytical coverage for WI. The company's 'RD' rating, initially assigned 17 June 2016, reflects the status of pre-bankruptcy proceedings. Cr

22 May 2017

BRIEF-Attilan Group says board is of opinion that co will be able to operate as going concern

* "Board is of opinion that company will be able to operate as going concern" Source text for Eikon: Further company coverage:

22 May 2017

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