Struggling debt funds sparkle in Covid recovery

Hedge funds looking to cash in on stricken companies are having their best year since the aftermath of the financial crisis, as the stimulus-induced market recovery raises the price of debt that bordered on default. Debt Fund in Trouble – Specialists in the recovery of bonds and loans issued by distressed companies – made their […]

Business News | Stock market and stock market news

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Pot Co. IAnthus lenders seek more time to close their debt plan

Law360 (Aug 23, 2021, 7:24 p.m. EDT) – Cannabis company iAnthus announced on Monday that its creditors have unilaterally sought to extend the deadline for closing its debt reorganization plan until regulators of a handful of states are granting change of ownership approvals necessary for the deal to go through. According to iAnthus, cannabis-focused private […]

The lawsuit seeks to give Gary back control of his classrooms | State

HAMMOND – Critics of the state takeover of Gary’s public schools renew their attack in a new federal lawsuit. Gary’s attorney, Tracy Coleman, is asking a federal judge to return control of the Gary Community School Corporation to the residents of Gary. Join Sandy Curry, Willie Hall and Michael Quiroz as they ride for Superior […]

Live markets, Monday 23 August 2021

Event Hospitality says it is disappointed that the Australian government has not followed New Zealand’s lead and reinstated JobKeeper, with the film and tourism sectors hit hardest by COVID lockdowns and restrictions. The $ 2 billion firm this morning praised New Zealand for moving quickly in the face of the latest lockdowns to reinstate its […]

More than 1,100 Delaware State University students to receive second debt relief

More than 1,100 Delaware State University students will benefit from the second cycle of debt relief, made possible by the CARES Act, the university announced this week. According to a press release from the university, the $ 2.9 million fund will help students in financial difficulty since the start of the COVID-19 pandemic who are […]

AS PRFoods unaudited consolidated interim report for the 4th quarter and 12 months of fiscal year 2020/2021

MANAGEMENT COMMENTARY The most difficult year in the group’s history is over. We have been attacked on three fronts: on the one hand, the corona crises have caused a situation of drastic fall in prices and demand for fishery products, causing a drop in gross margin and sales. Second, we entered the crisis with very […]

“The sale of the electricity business will help JSPL meet its emissions targets”

Jindal Steel and Power Ltd (JSPL) plans to reduce its debt and meet its carbon emissions targets with the sale of its entire stake in its thermal power unit to Worldone Pvt. Ltd, a company of the promoter group. JSPL Managing Director VR Sharma said the sale of his 96.42% stake in Jindal Power Ltd […]

Does Covenant Logistics Group (NASDAQ: CVLG) have a healthy balance sheet?

Warren Buffett said: “Volatility is far from synonymous with risk”. So it can be obvious that you need to consider debt, when you think about how risky a given stock is because too much debt can sink a business. We note that Covenant Logistics Group, Inc. (NASDAQ: CVLG) has debt on its balance sheet. But […]

Would BERG Holding (WSE: BRH) fare better with less debt?

Howard Marks put it well when he said that, rather than worrying about stock price volatility, “The possibility of permanent loss is the risk I worry about … and every investor practice that I know is worried. ” It’s only natural to consider a company’s balance sheet when looking at its level of risk, as […]