Edition:
United Kingdom

Bankruptcy

UPDATE 5-Puerto Rico utility head resigns after slow Hurricane Maria response

NEW YORK, Nov 17 The head of Puerto Rico's indebted utility has resigned following criticism of the slow restoration of power to the island after Hurricane Maria, the U.S. territory's governor said.

BRIEF-Zetta Jet says hopes to emerge from Chapter 11 in Feb 2018​

* Says existing lessor Scout Aviation II, LLC has committed to provide up to $8.5 million in post-petition financing​

17 Nov 2017

Puerto Rico utility head Ramos resigns - government source

Nov 17 The head of Puerto Rico's troubled utility has resigned following the slow restoration of power after Hurricane Maria, according to a government source.

17 Nov 2017

BRIEF-Chongqing Iron & Steel says creditors voted for reorganisation plan

* Reorganisation plan was passed by secured creditors group by voting​

17 Nov 2017

BRIEF-Swiber Holdings says unit was placed into bankruptcy by District Court of Helsinki​

* Bitachon Offshore Contractor Oy has been placed into bankruptcy on Nov 16 by District Court of Helsinki​

17 Nov 2017

BRIEF-Gtl Infra says investment bankers have got various bids from investors under stake sale process‍​

* Investment bankers have got various bids from investors under stake sale process‍​ Source text for Eikon: Further company coverage:

17 Nov 2017

BRIEF-Real Industry and Real Alloy’S U.S. Operations initiate chapter 11 proceedings

* REAL INDUSTRY AND REAL ALLOY’S U.S. OPERATIONS INITIATE CHAPTER 11 PROCEEDINGS

Bonds, Regulatory News, 17 Nov 2017

BRIEF-Pacific Drilling receives approval of first day motions

* Pacific Drilling Sa - bankruptcy court granted relief requested by co in certain first day motions related to ordinary course business activities​

Bonds, Regulatory News, 16 Nov 2017

Offshore oil service firms dominate North American energy bankruptcies

HOUSTON, Nov 16 Offshore oil drilling and service companies, hurt by the energy industry's shift to lower-cost shale and away from deepwater projects, are dominating the year's energy bankruptcies in North America, according to law firm Haynes and Boone.

Bonds, Regulatory News, 16 Nov 2017

BRIEF-Payless announces strategic initiatives to further transformation

* Outlined several initiatives as part of company's ongoing transformation​

16 Nov 2017

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