Noble Corp. Files Chapter 11 to Slash $4B in Debt
"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.
Briggs & Stratton Files Chapter 11 to Effect Sale
The gas engine maker was “losing money and burdened by large debts when the economic downturn caused by the coronavirus pandemic hit.”
Alarm Firm Monitronics Files Chapter 11 Petition
With a plan to halve debt, Monitronics expects to be "better positioned to succeed in the highly competitive security alarm monitoring industry."
Hollander Sleep Products Files Chapter 11
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.
Cenveo Files Chapter 11 With $1B Debt Load
The printing and envelope firm's sales have fallen as customers shift to electronic media for their billing and advertising needs.
Debt Load Lands Cumulus Media in Chapter 11
“The debt overhang left by previous years of underperformance remains a significant financial challenge," the radio station owner's CEO says.
iHeartMedia Issues ‘Going Concern’ Warning
The parent of iHeartRadio is in talks with lenders on a plan to relieve its $20 billion debt burden from a 2008 leveraged buyout.