Cumulus exits Chapter 11 with lenders owning all equity
Cumulus Media completed its restructuring on Oct. 16, transferring all reorganized equity to former lenders and issuing them $50 million in new notes.
Chapter 11
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Bankruptcy court confirms QVC Group restructuring plan, clearing path for debt-cutting exit
A Texas bankruptcy court confirmed QVC Group’s prepackaged Chapter 11 restructuring plan, which is designed to reduce debt from about $6.6 billion to $1.3 billion.
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July 17 filing puts multinational restructuring behind Chapter 11 and regulatory reviews
A company’s proposed restructuring would proceed through voluntary Chapter 11 cases, but still needs bankruptcy-court approval and regulatory clearances across the United States, Europe and Asia.
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Trinseo advances U.S. Chapter 11 restructuring in May 13 debt-reduction plan
Trinseo PLC and subsidiaries are pursuing a proposed prepackaged Chapter 11 restructuring backed by a restructuring-support agreement, debtor-in-possession financing and planned changes to the company’s debt and equity.