DebtRestructuring

Canada's Mitel Networks Files for Bankruptcy Following Debt Restructuring

22 days ago

In a significant turn of events for the telecommunications industry, Mitel Networks, a well-known Canadian enterprise communications provider, has officially filed for bankruptcy. This decision follows a series of attempts aimed at restructuring its substantial debt load, reflecting ongoing challenges faced by the company in a rapidly evolving market landscape.

Byju's Secures Legal Win as Court Permits US Lenders to Join Creditor Panel

2 months ago

In a significant legal development for Byju's, India's largest edtech firm, the Supreme Court has ruled in favor of adding American creditors to the company’s creditor panel. This decision comes at a critical time as Byju's navigates its complex financial landscape amid ongoing restructuring efforts and increasing pressures from a substantial debt burden.

Digicel Faces U.S. DOJ Investigation, Alerts Creditors Amid Financial Challenges

4 months ago

Telecommunications giant Digicel has recently informed its creditors about an ongoing investigation by the U.S. Department of Justice (DOJ) that has raised significant concerns about the company's financial stability. The announcement has sent ripples through the investment community as the firm grapples with an increasingly precarious financial situation.

Atos Secures Court Approval for Debt Restructuring Plan, Paving the Way for New Management

5 months ago

In a significant development for the beleaguered IT services giant Atos, a French court has granted approval for a comprehensive debt restructuring plan. This pivotal decision comes as part of the company's ongoing efforts to stabilize its financial footing amidst mounting pressures from creditors.