Bankruptcy

bankruptcy

Oil Patch Bankruptcies Soar in 2015

A total of 48 oil and gas exploration and production (E&P) companies filed for bankruptcy in 2015, and 39 oilfield services companies also filed for bankruptcy protection last year. So ...
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Coal

Arch Coal’s Pre-Destined Bankruptcy Filing

The other shoe has dropped for Arch Coal Inc. (NYSE: ACI). The coal miner said Monday morning that as part of restructuring deal with its lenders, it and "substantially all" ...
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bankruptcy

Leveraged Loan Default Rate Forecast at 2.5% for 2016

So far in the month of December, three companies in the energy sector have combined to add $1.8 billion in default volume to the year-to-date total in institutional leveraged loan ...
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bankruptcy

Is Bankruptcy the Only Way Out for Arch Coal?

It is no secret that being in the coal business is now about as bad as would have been to be a coal miner in years past. The coal mining ...
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American Apparel image

American Apparel Goes Into Bankruptcy

With its stock trading in $0.11, and ongoing battles with former CEO Dov Charney, American Apparel has filed for Chapter 11. The action was prepacked and included some of its ...
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Bankruptcy

Leveraged Loan Default Rates Could Reach 2% in 2015

In the month of August, the institutional leveraged loan market experienced five defaults, the most since March of 2014. As bad as that is, it could get worse. According to ...
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Mountain top coal mine

Another Bidder in the Picture for Patriot Coal Assets

The twice-delayed auction for the assets of bankrupt Patriot Coal has attracted another potential bidder, according to the company’s attorney, who told the bankruptcy court that it hopes to have ...
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car_production_line

Does Chrysler Face a Strike and Shutdown?

The negotiating dance between the United Automobile Workers (UAW) and the Big Three has started. The union has made Fiat Chrysler Automobiles N.V. (NYSE: FCAU) its first target. The odds ...
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American Apparel image

Is the Axe About to Fall on American Apparel?

A fabric supplier to American Apparel Inc. (NYSEMKT: APP) has filed suit against the clothing maker for non-payment of bills, likely in an effort to secure a place at the ...
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Mountain top coal mine

Patriot Coal Bankruptcy Auction Set

When Patriot Coal filed for bankruptcy in May of this year, it became the first of the U.S. coal companies to succumb to the tumbling price of coal. The company ...
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coal

Arch Coal Soars as Debt Swap Offer Delayed Again

To say that shares of Arch Coal Inc. (NYSE: ACI) have been volatile Monday morning is not an overstatement. Shares opened at $7.54, down more than 8% from Friday’s closing ...
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Coal stack on white

Leveraged Loan Default Rate Soars on Coal Miner Bankruptcies

Since the beginning of March, 77% of leveraged loan default volume has come from metals/mining and energy companies. While the institutional rate for the trailing 12 months was 1.4% at ...
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solar panels

Is Another Chinese Solar Maker on the Road to Bankruptcy?

Since Chinese solar panel makers Suntech and LDK Solar filed for bankruptcy protection in 2013 and 2014, respectively, the solar panel business has gotten more stable. Manufacturing overcapacity has dropped, ...
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Power Plant

Energy, Mining Companies Lead Debt Default Rates Higher

The impact of low commodity prices has taken a steep toll on energy producers, particularly in the oil and coal businesses. According to Fitch Ratings, the energy industry’s default rate ...
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Coal stack on white

Is Arch Coal Next for the Bankruptcy Line?

Arch Coal Inc. (NYSE: ACI) is getting some pushback from investors holding the company’s $1.9 billion term loan and seeking to stop the company from going through with a debt ...
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