"The development of COVID-19 into a global pandemic erased any doubt as to whether Noble would be able to avoid bankruptcy,” the offshore rig operator said.
The gas engine maker was “losing money and burdened by large debts when the economic downturn caused by the coronavirus pandemic hit.”
With a plan to halve debt, Monitronics expects to be "better positioned to succeed in the highly competitive security alarm monitoring industry."
The bedding products maker says materials price increases and costs to integrate an acquisition have left it with only $523,000 in cash on hand.
The printing and envelope firm's sales have fallen as customers shift to electronic media for their billing and advertising needs.
“The debt overhang left by previous years of underperformance remains a significant financial challenge," the radio station owner's CEO says.
The parent of iHeartRadio is in talks with lenders on a plan to relieve its $20 billion debt burden from a 2008 leveraged buyout.
The sales of Dendreon and three skincare brands will help the troubled drug maker to reduce its $30 billion debt burden.
