A group of secured debt holders in Momentive Performance Materials Inc. hired Dechert LLP for restructuring advice as the chemical maker’s cash dwindles and Standard & Poor’s warns it may seek bankruptcy protection.
An auditor has alerted South Africa’s tax agency to alleged fraud at Goldrich Holdings (Pty) Ltd., a mine operator whose chairman is already being personally sued following the collapse of Aurora Empowerment Systems Ltd., a similar company.
James River Coal Co., an unprofitable producer of the fuel in the eastern U.S., hired Perella Weinberg Partners LP to advise on the restructuring of its debt, according to people familiar with the matter.
Constar International Holdings LLC, a maker of plastic soda bottles, filed for Chapter 11 bankruptcy protection for the third time since 2008, citing a slowdown in business, and plans to sell its assets.
USEC Inc., the uranium-enrichment company that was sold by the U.S. government 15 years ago, agreed to replace $530 million of convertible debt and will file for Chapter 11 bankruptcy protection in the first quarter.
Atlantic City’s borrowing costs have risen as much as 21 percent since 2012 as the New Jersey gambling resort increases debt to refund property-tax bills appealed by casinos struggling with a seven-year business slump.