Jamie Mason is a veteran financial journalist who has covered corporate restructuring for The Deal and other publications.
Restructuring professionals say things in the oil patch are improving and workout activity has slowed, but expect more debt to be converted into equity.
Perseverance pays off for the clean energy company, which expressed repeated interest last year in acquiring Oncor, the debtor's electricity transmission and distribution arm.
The company said it may no longer be in compliance with its interest coverage ratio requirement under its loan agreements by June and a covenant violation could occur by mid-August.
The onshore oil and natural gas exploration and production company has reached an agreement with its noteholders on the terms of a plan to restructure its balance sheet through bankruptcy.
One industry expert believes the mall-based retailer 'is on life support.'
Bloated inventories could turn the year's busiest shopping weeks into a nightmare for these retailers, which could lead to bankruptcy.
Lucas Energy defaulted on its debt earlier this year, while Victory Energy was the subject of a going-concern warning by its auditors in March.
Oil exploration company that focuses on Morocco received an unsecured promissory note from an "arms length investor."
Energy equipment company has not complied with covenants on its debts and anticipates continued violations.
Corinthian Colleges has filed for bankruptcy following multiple lawsuits and a regulatory action from the U.S. Department of Education.
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