Banco Santander SA and Danske Bank A/S are marketing additional Tier 1 bonds in the busiest week for issuance of the subordinated bank debt since Banco Bilbao Vizcaya Argentaria SA opened the market in April.
A single, unprovoked punch to the head from a stranger was enough to kill teenager Thomas Kelly as he walked through Sydney’s most famous nightspot with his girlfriend. Almost two years on, authorities are fighting back.
Secured lenders to Thompson Publishing Holding Co. won’t be able to control the auction for the publisher of newsletters and loose-leaf services, as the result of rulings by U.S. Bankruptcy Judge Peter Walsh at a hearing this week.
Trade Secret Inc. , a 612-store beauty-supply retailer based in Markham, Canada, filed a Chapter 11 petition yesterday in Delaware along with a term sheet to sell the business to former owner Regis Corp. and an entity controlled by the family that bought the company from Regis in January 2009.
The examiner for newspaper publisher Tribune Co. filed his heavily redacted report yesterday evening and concluded it was “highly likely” that the completion of the leveraged buyout in December 2007 made the parent company “insolvent” and “reasonably likely” the subsidiaries were rendered insolvent.
Creditors with $15.5 billion in claims against Lehman Brothers Holdings Inc. fired the opening salvo in a possibly protracted courtroom battle over how billions of dollars generated in the Lehman liquidation should be distributed to creditors.
Philadelphia Newspapers LLC , the publisher of the Philadelphia Inquirer and Philadelphia Daily News, will be the subject of a June 24 confirmation hearing for approval of the reorganization plan where pre-bankruptcy secured lenders will take ownership.
Neff Corp ., a closely held equipment- rental company with 63 branches in 14 U.S. states, began a prepackaged Chapter 11 reorganization yesterday in New York, with holders of $90 million on a first-lien term loan to own most of the new equity.