Mach Gen LLC, the owner of three natural-gas fired power plants, will cut debt by about $1 billion as it exits bankruptcy after winning court approval of a prepackaged restructuring plan in just over a month.
Coldwater Creek Inc., a women’s clothing retailer that hasn’t posted an annual profit since 2007, filed for bankruptcy protection with a plan to start going-out-of-business sales in time for Mother’s Day.
Chesapeake Energy Corp., the second-largest U.S. gas producer, sold a record $3 billion bond offering in two parts to refinance debt, as the cost to protect its obligations against default approaches a six-year low.
Numericable Group SA, the French cable operator controlled by billionaire Patrick Drahi, started marketing 6.35 billion euros ($8.8 billion) of loans to help fund the acquisition of Vivendi SA’s French phone unit.
Rhone Capital LLC is in advanced talks to acquire a German chemical joint venture owned by Ashland Inc. and Clariant AG valued at about 250 million euros ($344 million), according to people with knowledge of the situation.
Time Inc., the publisher of the namesake magazine whose first issue ran in 1923, is seeking a type of loan typically issued to investors that buy junk-rated debt as it prepares to be spun off from its parent.