Jackson School District considers redistricting, restructuring amid budget crisis
JACKSON, N.J. — Facing budget constraints, shifting enrollment numbers, and aging school infrastructure, the Jackson School District is considering a range of strategies to address class size imbalances and facility deficiencies. In…
Ant Group plans restructuring, paving way for Hong Kong IPO – Bloomberg News
(Reuters) -Jack Ma-backed Ant Group is planning a restructuring that will break off some non-core operations of its China financial-related business, Bloomberg News reported on Tuesday, citing people familiar with the matter.…
Debt restructuring talks at G20 meet hurt by differences, low attendance
By Sarita Chaganti Singh and Shivangi Acharya GANDHINAGAR, India (Reuters) – Debt restructuring talks made little progress during the third finance meeting of the G20 countries in India as the bloc was…
Brazil’s Azul launches notes offering as part of broad restructuring plan
SAO PAULO (Reuters) – Brazilian airline Azul announced on Wednesday it is launching a public offering of senior secured notes due 2028, fulfilling its pledge to raise additional capital as it moves…
Zambia confirms it has agreed debt restructuring with official creditors
LONDON (Reuters) -Zambia on Thursday confirmed it had agreed a debt restructuring deal with its official creditors, adding it would now seek a quick agreement with its private creditors as well. The…
Explainer-What is China’s position on restructuring debt owed by poor nations?
By Joe Cash (Reuters) – China’s Premier Li Qiang and dozens of world leaders will meet in Paris on Thursday and Friday to discuss ways to help low-income countries manage their debt…
Cineworld to file for administration as part of restructuring plan – Sky News
(Reuters) -British cinema chain operator Cineworld is preparing to file for administration as a part of a financial restructuring plan, Sky News reported on Tuesday. The company is lining up AlixPartners to…
Brazil’s Azul launches exchange offer as part of restructuring plan
By Gabriel Araujo SAO PAULO (Reuters) – Brazilian airline Azul on Tuesday launched exchange offers aimed at pushing forward bonds originally set to mature in 2024 and 2026, the latest move in…
Orpea draws first 200 million euros from new financing as restructuring plan continues
(Reuters) – French company Orpea, hit by allegations of malpractice at its care homes and a sharp drop in valuation, said on Friday it made a drawdown of 200 million euros ($214.24…
Suriname clears way for debt restructuring with IMF staff deal
By David Lawder and Rodrigo Campos WASHINGTON (Reuters) – Suriname on Thursday cleared a hurdle on its way to restructure more than $600 million debt with private creditors as it secured an…
Debt restructuring no panacea for Chinese developers as challenges loom
By Clare Jim and Xie Yu HONG KONG (Reuters) – A shrinking land bank and sluggish property demand are likely to hamper the plans of a growing number of private Chinese developers…
Shareholders of Evergrande’s EV unit agree on restructuring deal
By Xie Yu HONG KONG (Reuters) – Shareholders of China Evergrande New Energy Vehicle Group accepted a proposal to dispose of two subsidiaries in a restructuring, according to a filing with the…
Suriname reaches debt restructuring deal with bondholders
By Rodrigo Campos, Jorgelina do Rosario and Ank Kuipers NEW YORK/LONDON/PARAMARIBO (Reuters) -Suriname reached an agreement in principle with its Eurobond creditor committee for the restructuring of its debt, the government said…
Ford sees $1.5 billion to $2 billion restructuring charges in 2023
(Reuters) – Ford Motor Co expects to take up restructuring charges between $1.5 billion and $2 billion in 2023, it said in a regulatory filing on Wednesday, as part of the U.S. automaker’s move…
Zambia has sent debt restructuring proposal to official creditors
LONDON (Reuters) – Zambia has sent a debt restructuring proposal to its official creditors, a spokesperson for the government’s advisors said on Monday. The country, which was the major sovereign casualty of…
Evergrande’s $1.2 billion onshore bondholders to vote on offshore restructuring plan on Wed
HONG KONG (Reuters) – China Evergrande Group’s onshore flagship unit Hengda Real Estate said the holders of an onshore bond worth 8.2 billion yuan ($1.19 billion) will hold a meeting on Wednesday…
Yellen raps China for serving as ‘roadblock’ in debt restructuring process
By Andrea Shalal WASHINGTON (Reuters) – As the world’s largest official bilateral creditor, China should participate in meaningful debt relief for countries facing problems, but it has served for too long as…
Zambia sent bondholders debt restructuring proposal, finance ministry says
By Jorgelina do Rosario and Rodrigo Campos WASHINGTON/NEW YORK (Reuters) – Zambia last week gave its bondholders a “concrete proposal” for the restructuring of some $3 billion in eurobonds, the ministry of…
Zambia reforms could go to waste if restructuring delayed further -Treasury Secretary
By Jorgelina do Rosario and Andrea Shalal WASHINGTON (Reuters) -Zambia could lose gains achieved so far from macroeconomic reforms if its ongoing debt restructuring is further delayed, Treasury Secretary Felix Nkulukusa said…
South Korea to set up $759 million corporate restructuring fund
SEOUL (Reuters) – South Korea’s financial regulator said on Tuesday the government would set up a 1 trillion won ($758.97 million) public fund to support companies that are undergoing a restructuring process.…
IMF’s Georgieva says she told China to ‘speed up’ work on debt restructuring
By Andrea Shalal WASHINGTON (Reuters) – International Monetary Fund chief Kristalina Georgieva said she told China’s new top economic official, Li Qiang, that China must accelerate its work to reach debt restructuring…
Factbox-What is China’s new government restructuring plan?
By Laurie Chen BEIJING (Reuters) – China has unveiled plans for a sweeping central government reorganisation at its annual parliament session, including the formation of a financial regulatory body and national data…
Colombian airline Viva Air weighs local restructuring process
BOGOTA (Reuters) – Low-cost Colombian airline Viva Air has voluntarily started a local debt restructuring process, the company said late on Friday, as it awaits authorization of its merger with Avianca airlines.…
Peltz ends Disney proxy fight as Iger launches restructuring
(Reuters) – Activist investor Nelson Peltz called off his bid for a seat on the board of Walt Disney Co on Thursday after Chief Executive Bob Iger revealed a plan to restructure…
Nissan board also approved planned restructuring deal with Renault – source
PARIS (Reuters) – The board of Nissan has also voted in favour of reshaping its alliance with French carmaker Renault, a source said on Monday. The agreement, which will retool the two-decade-old…
China must join Ghana debt restructuring effort soon, Germany’s Lindner says
By Christian Akorlie and Cooper Inveen ACCRA (Reuters) – Germany’s finance minister singled out China during a visit to Ghana on Friday, as he called on countries that have lent to the…
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