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Last updated on April 20, 2014 at 14:04 EDT

Latest Recapitalization Stories

2013-11-20 12:27:34

NEW YORK, Nov. 20, 2013 /PRNewswire/ -- Bruderman Brothers, Inc. is pleased to announce the recapitalization of PHOENIX Rehabilitation ("PHOENIX"), an operator of 48 outpatient physical and occupational therapy centers in Pennsylvania. Bruderman Brothers, as exclusive investment banker, structured, arranged, and negotiated the recapitalization, led by 3 Rivers Capital, a Pittsburgh-based private equity firm that focuses primarily on equity recapitalizations and buyouts. F.N.B....

2013-09-10 20:24:01

MEXICO CITY, Sept. 10, 2013 /PRNewswire/ -- Maxcom Telecomunicaciones, S.A.B. de C.V. (NYSE: MXT, BMV: MAXCOM.CPO) ("Maxcom," or the "Company") announced that the U.S. Bankruptcy Court for the District of Delaware today entered an order confirming the Company's prepackaged Chapter 11 plan of reorganization (the "Plan"). Confirmation of the Plan was fully-consensual: the only class of creditors entitled to vote overwhelmingly voted in favor of the Plan and no party objected to...

2013-07-26 08:29:06

MEXICO CITY, July 26, 2013 /PRNewswire/ -- Maxcom Telecomunicaciones, S.A.B. de C.V. (NYSE: MXT, BMV: MAXCOM.CPO) ("Maxcom," or the "Company") announced that the U.S. Bankruptcy Court for the District of Delaware approved several first day motions filed by the Company, allowing it to, among other things, pay employees and vendors. The U.S. Bankruptcy Court's approval allows the Company to maintain its day-to-day operations without disruption while effectuating its previously...

2013-07-24 08:36:14

MEXICO CITY, July 24, 2013 /PRNewswire/ -- Maxcom Telecomunicaciones, S.A.B. de C.V. (NYSE: MXT, BMV: MAXCOM.CPO) ("Maxcom," or the "Company") announced that it commenced voluntary prepackaged Chapter 11 cases in the U.S. Bankruptcy Court for the District of Delaware on July 23, 2013 to implement its previously announced recapitalization and debt restructuring. Under the Chapter 11 plan of reorganization (the "Plan"), Maxcom will complete a comprehensive recapitalization and debt...

2013-07-03 20:20:48

MEXICO CITY, July 3, 2013 /PRNewswire/ -- Maxcom Telecomunicaciones, S.A.B. de C.V. (NYSE: MXT, BMV: MAXCOM.CPO) ("Maxcom", or the "Company") announced today that it has negotiated the terms of a comprehensive recapitalization and debt restructuring that is expected to significantly reduce Maxcom's debt service expense and position Maxcom for growth with a US$45 million capital infusion. Maxcom, private equity firm Ventura Capital Privado, S.A. de C.V. ("Ventura"), an ad hoc group...

2013-06-18 08:36:28

MEXICO CITY, June 18, 2013 /PRNewswire/ -- Maxcom Telecomunicaciones, S.A.B. de C.V. (NYSE: MXT, BMV: MAXCOM.CPO) ("Maxcom", or the "Company") announced yesterday that it intends to utilize a 30-day grace period with respect to today's scheduled interest payment of approximately US$11 million on its 11% Senior Notes due 2014 (the "Senior Notes") to allow the Company to continue discussions with a new investor and certain of the noteholders to recapitalize and reorganize the Company's debt....

2013-01-16 08:25:14

SIOUX FALLS, S.D., Jan. 16, 2013 /PRNewswire/ -- LodgeNet Interactive Corporation, the leading provider of interactive media and connectivity services to hospitality and healthcare businesses and the consumers they serve, announced today that Rich Battista will depart as President, CEO and director of the Company as of January 16, 2013. Frank Elsenbast, the Company's CFO, and James Naro, the Company's General Counsel, have been appointed interim co-CEOs. (Logo:...

2013-01-16 08:22:18

Trading Symbol: MAR TORONTO, Jan. 16, 2013 /CNW/ - Marret Resource Corp. (TSX: MAR) (the "Company") is pleased to announce that it is participating in the financial restructuring of Cline Mining Corporation ("Cline") (TSX: CMK) as announced by Cline on December 27, 2012 (the "Restructuring Announcement"). On January 11, 2013, as part of a bridge financing to allow for a comprehensive recapitalization of its balance sheet, Cline issued US$7,000,000 of 10% senior secured bonds (the...

2013-01-05 05:01:29

Global Leader in Alcohol Monitoring Technology and Drug Screening Products Announces Debt Recapitalization and Shareholder Distribution. Irving, Texas (PRWEB) January 04, 2013 Smart Start, Inc., a leader in alcohol monitoring through its ignition interlock and IN-HOM® alcohol testing devices and its SMARTOX drug screening products and services, today announced that it completed a debt recapitalization of the company and made a one-time special distribution to shareholders in late...

2012-08-31 18:20:25

MONTREAL, Aug. 31, 2012 /CNW Telbec/ - Yellow Media Inc. (TSX: YLO) announces today that, following an application by the administrative agent under the Company's senior unsecured credit facilities and by certain holders of its convertible unsecured subordinated debentures, the Superior Court of Québec has decided that the amendment to the debtholders' arrangement resolution previously announced by the Company on August 28, 2012 is not necessary, and that it not be...