Debt Burden Archives - CFO

Noble Corp. Files Chapter 11 to Slash $4B in Debt

Credit & Capital

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.

By Matthew Heller | August 3, 2020

Briggs & Stratton Files Chapter 11 to Effect Sale

Credit & Capital

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.”

By Matthew Heller | July 20, 2020

Alarm Firm Monitronics Files Chapter 11 Petition

Credit & Capital

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."

By Matthew Heller | July 2, 2019

Hollander Sleep Products Files Chapter 11

Credit & Capital

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.

By Matthew Heller | May 20, 2019

Cenveo Files Chapter 11 With $1B Debt Load

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.

By Matthew Heller | February 2, 2018

Debt Load Lands Cumulus Media in Chapter 11

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.

By Matthew Heller | November 30, 2017

iHeartMedia Issues ‘Going Concern’ Warning

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.

By Matthew Heller | May 4, 2017

Valeant Sells Dendreon, Other Assets for $2B

Valeant Sells Dendreon, Other Assets for $2B

The sales of Dendreon and three skincare brands will help the troubled drug maker to reduce its $30 billion debt burden.

By Matthew Heller | January 11, 2017