Bankruptcy

Caesars senior creditors threaten to tear up framework plan

CHICAGO, Feb 10 Senior creditors of Caesars Entertainment Corp's bankrupt operating unit are threatening to abandon a framework agreement and propose their own formal restructuring plan as soon as Monday, court documents showed.

EIG Pacific Holdings extends deadline for Pacific E&P tender offer

NEW YORK, Feb 10 Investment firm EIG Pacific Holdings Ltd said on Wednesday it had extended the deadline and changed some terms for its offer to buy nearly all the debt of Colombia's largest private oil producer, Pacific Exploration & Production Corp..

Bonds, Regulatory News, 1:39am GMT

Arch Coal agrees deal with Wyoming for temporary cleanup relief

CHICAGO, Feb 10 Bankrupt coal miner Arch Coal Inc has reached a deal with the state of Wyoming that will provide it with temporary relief from liability for millions of dollars in future cleanup costs for coal mines, according to court documents.

Bonds, Regulatory News 10 Feb 2016

Hatch presses Puerto Rico governor, U.S. Treasury on Puerto Rico

SAN JUAN, Feb 10 U.S. Senator Orrin Hatch on Wednesday demanded detailed financial disclosure about the island's economic crisis in a letter to Puerto Rico's governor, and questioned U.S. Treasury Secretary Jack Lew about debt restructuring proposals for the island during a Senate Finance Committee hearing.

10 Feb 2016

UPDATE 1-Puerto Rico creditor group counters island's debt exchange offer

SAN JUAN, Feb 10 Creditors of Puerto Rico's sales tax authority, COFINA, made a counter-offer on Wednesday to Puerto Rico's Feb. 1 debt exchange proposal, saying they would extend maturities but forgo cuts to principal that the original offer would entail.

Bonds, Regulatory News, 10 Feb 2016

Puerto Rico creditor group counters island's debt exchange offer

Feb 10 Creditors of Puerto Rico's sales tax authority, COFINA, on Wednesday proposed a counter-offer to Puerto Rico's Feb. 1 debt exchange proposal, under which they would extend maturities but not sustain the cuts to principal that Puerto Rico's original offer would entail.

Bonds, Regulatory News, 10 Feb 2016

BRIEF-German Pellets files for insolvency in self-administration

* Business operations are to continue throughout the process Source text for Eikon: Further company coverage: (Gdynia Newsroom)

10 Feb 2016

Spain's Abengoa asks for loan of up to 750 mln euros -source

MADRID, Feb 10 Spanish Abengoa has asked its creditors for a loan of up to 750 million euros ($843 million) to keep it afloat while its lenders discuss a financial plan to avoid it becoming Spain's biggest bankruptcy, a source close to the talks said.

Bonds, Regulatory News, 10 Feb 2016

Australian coal baron quits CEO job after being declared bankrupt

SYDNEY, Feb 10 Former Australian coal baron Nathan Tinkler on Wednesday resigned as chief executive of Anglo Pacific Coal Ltd after losing a legal battle over money he owed from the sale of a luxury jet and being declared bankrupt.

Bonds, Regulatory News, 10 Feb 2016

AT1 market hits rock bottom, puts sector in jeopardy

LONDON, Feb 9 (IFR) - The Additional Tier 1 market is suffering its worst sell-off since opening in 2013, scuppering banks' ability to continue using the instruments to shore up their balance sheets and raising fresh doubts about the depth of the investor base in Europe.

IPOs, 09 Feb 2016

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Quo Porro Nostrum Et Beatae Voluptas Cillum

Sit Aspernatur Ratione Occaecat. Consequatur Corporis Ea Quaerat Nisi Minim. Autem Consequatur Quaerat Totam Ex Quo Totam.