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However, in a sign that things aren't quite on the level of Northern Rock, the lender announced, in its restructuring of a previously declared rights issue, that it had secured support from private equity firm TPG.
Warrington 72 London Broncos 12 The chief executive of Leeds Rhinos, Gary Hetherington, has expressed his dismay at the Rugby Football League's decision to postpone its restructuring of the domestic game until after the World Cup.
The chief executive of Leeds Rhinos, Gary Hetherington, has expressed his dismay at the Rugby Football League's decision to postpone its restructuring of the domestic game until after the World Cup.
Last week, Wagoner gave an indication GM was finally on the road to right-sizing its business: In an interview with Frankfurter Allgemeine Zeitung, he said GM had not completed its restructuring of European operations, but revealed the first quarter had been "pleasing" after five consecutive years of losses.
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Applied Materials said it expected to take a pretax charge related to its restructuring plan of $100 million to $125 million, most of which will be booked in the first quarter.
The N.B.A. announced Monday that it had named Bernie Fryer as vice president and director for officials and Joe Borgia as vice president for referee operations as part of its continued restructuring of its referees program.
Ford said that the debt eligible for its restructuring consisted of $4.9 billion in convertible notes, $6.9 billion in term loans and $8.9 billion in other debt.
As part of its restructuring, it sold Hummer and Saab and closed Saturn.
Jeff Clarke, Compaq's chief financial officer, said the company should complete most of its restructuring by the end of the year.
Cov-lite debt has also permitted companies to restructure their debt more aggressively, as Apollo Management did with its debt restructuring of Realogy in 2009.
Nene challenged the board of the state-owned airline, led by Dudu Myeni, to reconsider its intended restructuring of a fleet arrangement with Airbus.
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CEO of Professional Science Editing for Scientists @ prosciediting.com