Restructuring Plan Financial News

25.09 / 18:25

regulation SEC coinbase Bankruptcy Celsius Restructuring Plan SEC raises concerns over Coinbase in objection to Celsius restructuring plan

The United States Securities and Exchange Commission (SEC) has filed an objection to Celsius Network’s reorganization plan based in part on the regulator’s own ongoing lawsuit with crypto exchange Coinbase.

25.09 / 00:59

UPS Lowe's MET Strategy stage reports Restructuring Plan Vedanta Resources' bond restructuring plan faces resistance from investors seeking better terms

Vedanta Resources' (VRL) bond restructuring plan has met with some resistance from investors seeking better terms. The proposed plan suggests making a 50% upfront payment for the $1 billion January 2024 bond, a 15% payment for the August 2024 bond, and a 10% upfront payment for the March 2025 bonds, with the remaining amounts to be restructured. However, VRL needs the approval of at least two-thirds of the bondholders for this plan to proceed. Initial feedback from investors in Singapore and Hong Kong reveals discomfort with the proposed restructuring, raising the possibility of opposition from a group of bond investors, two bondholder sources said. «A group of bondholders could oppose the proposed restructuring, setting the stage for a potential showdown,» a source said.

18.09 / 14:29

show Restructuring Plan Sunac wins creditors' approval for its offshore debt restructuring plan

By Xie Yu

08.09 / 14:29

Restructuring Plan China Evergrande delays restructuring plan decision to October

(Reuters) — Embattled property developer China Evergrande (HK:3333) Group said on Friday it has delayed decision on an offshore debt restructuring from September to next month.

18.08 / 15:33

Celsius creditors Restructuring Plan Celsius Sends Bankruptcy Restructuring Plan To Creditors Vote After Court’s Approval

Bankrupt crypto lender Celsius is set to hold a vote on a plan to sell its asset to Fahrenheit Group following the approval by a judge as the proceeding winds down.

01.08 / 13:19

Blockchain Law regulation FTX FTX Token Restructuring Plan FTX.com releases restructuring plan, hints at rebooted offshore exchange

FTX.com has outlined its intended re-organization plan that will categorize claimants of the bankrupt exchange into specific classes and pave the way for the exchange to become re-operational as an offshore entity.

28.07 / 07:19

COST Provident BLOCK Restructuring Plan Sequoia Capital: From layoffs to investment cuts, know all about the venture capital firm's restructuring plan

Also Read: Sequoia Capital witnesses departures of long-time partner Michael Moritz, other key partners Other than layoffs, the company is changing fund allocation and opting for other measures to survive the current period of economic uncertainty. The venture capital firm is working on its extensive two-year "restructuring" initiative within the company. Also Read: Sequoia splits into 3 entities: India, China and US entities to operate independently from March 2024 With this restructuring, the company is planning for its transition from being the provider of one-on-one support to a model that caters to a large number of founders simultaneously.

28.07 / 01:15

Amazon Grocery Stores Restructuring Plan Amazon lays off hundred employees working in Fresh Grocery stores as part of restructuring plan

As a part of its restructuring plan, Amazon has laid of its employees working in its Fresh Grocery stores in the US. The company is eliminating the “zone lead" roles for its workforce, confirmed Amazon on Thursday.

18.04 / 21:39

Law regulation Court Bankruptcy Restructuring Plan Zipmex requests 2-month extension from Singapore court for restructuring plan

Cryptocurrency exchange Zipmex has requested another extension which would allow for a longer moratorium on its debt in Singapore amid the firm’s liquidity issues.

07.04 / 17:09

business Court Voting Bankruptcy Celsius Restructuring Plan network Celsius Network to make April 12 filing, including info on voting for restructuring plan

Bankrupt crypto lender Celsius Network has announced it will be moving forward on its Chapter 11 restructuring plan with a disclosure statement containing information for claim holders.

01.03 / 08:51

Binance regulation Court Bankruptcy Restructuring Plan Customers Binance US restructuring plan favored by 97% of Voyager customers

A move by Binance US to acquire assets belonging to the bankrupt crypto lending firm Voyager Digital has been favored by 97% of Voyager’s customers.

09.02 / 22:57

Law regulation Bankruptcy Celsius creditors Restructuring Plan Celsius‘ motion to extend timeline for restructuring plan faces objection from creditors

The unsecured committee of creditors and others involved in crypto lending firm Celsius’ bankruptcy case have objected to a motion from the debtors delaying a reorganization plan.

13.01 / 14:11

Blockchain defi creditors Restructuring Plan Hodlnaut creditors reject the restructuring plan, prefer liquidation

The Singapore-based troubled crypto lender is looking at a possible liquidation as the firm's creditors have rejected the proposed restructuring plan and are seeking liquidation of the platform’s assets.

20.12 / 21:15

business Blockchain Technology Investments Restructuring Plan Auros Global expects to resume regular operations following restructuring plan

Cryptocurrency trading firm Auros Global, which reportedly suffered a $20 million dollar exposure in the FTX collapse, has released a statement saying it plans to resume regular operations after implementing a restructuring plan.

06.12 / 15:37

regulation Court Bankruptcy Celsius Restructuring Plan Court sets new deadline for Celsius restructuring plan

Bankrupt crypto lender Celsius was granted an extension on its exclusivity period until Feb. 15, 2023. The court approval would give the troubled crypto lender another couple of months to file for a Chapter 11 restructuring plan.

25.11 / 07:29

UPS Morningstar Restructuring Plan Shares of Chinese real estate developer Kaisa pop 20% after debt restructuring plan

BEIJING — Chinese real estate developer Kaisa announced Thursday plans for paying back investors, temporarily alleviating concerns about a default as China's property sector continues to face pressure.

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