Diamond Offshore wants to cut the pay of one of its rig crews by more than 20%, despite reaping benefits from the government stimulus program and making plans to pay about $10 million in bonuses to senior managers, according to a court filing.
The chain is putting its gyms on the bankruptcy auction block, with bids starting at about $80 million.
The department-store chain denied violating the terms of a loan from top-ranking lender Deutsche Bank, saying it has $100 million more cash on hand than projected because sales have been better than expected.
The private-equity-backed oil-and-gas company filed for bankruptcy and said it expects Bank of America and other top-ranking lenders to recover at most 21 cents on the dollar of the $426 million they are owed.
data & interactives
Leveraged Loans
Biggest gainers and losers among widely-quoted syndicated loans, updated daily.
| LOAN | % CHANGE |
|---|---|
| AMR 6/17 TLB | 10.9% |
| Technicolor 3/17 (EUR) Incremental Cov-Lite TLB | -9.64% |
Source: IHS MarkitFULL TABLE
Explore the hourly fees charged by law firms in chapter 11 cases, including filters for parties represented, years, firms and districts.
Sort S&P’s table of “weakest links” as of May 2020 by sector and other categories.
Active bankrupt bond price indications
This is a summary of a request from Stage Stores Inc. to hire Kirkland & Ellis LLP as counsel, filed May 28 with the U.S. Bankruptcy Court in Houston.
A list of some new chapter 11 bankruptcy filings made during the last week.