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United States

Bankruptcy

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BRIEF-Altos Hornos to issue 113.5 mln shares to exchange for debt

* Said on Thursday judge recognised payment rights related to 16.26 billion Mexican pesos ($879.08 million) in insolvency proceedings which were resolved May 16

Russia's VEB says may raise financing on Islamic capital markets

MOSCOW, May 27 Russia's state development bank VEB may potentially raise financing on Islamic capital markets thanks to a memorandum of understanding it has signed with the Islamic Development Bank Group on Friday, VEB said in a statement.

Financials 9:07am EDT

Hercules Offshore to file for bankruptcy a second time

May 27 Hercules Offshore Inc said it planned to file for prepackaged Chapter 11 bankruptcy, just six months after the rig contractor emerged from bankruptcy protection.

Stocks, Bonds, Markets, Energy 8:37am EDT

BRIEF-Hercules Offshore enters restructuring support agreement with lenders

* Hercules Offshore Inc announces transfer of Hercules Highlander and execution of restructuring support agreement

Stocks, M&A, Bonds, Markets, 8:19am EDT

BRIEF-UMS United Medical Systems International to pay advance on liquidation proceeds

May 27 UMS United Medical Systems International AG :

Healthcare 7:29am EDT

BRIEF-Evraz Highveld says S.African High Court granted order for provisional liquidation of Mapochs

* Advises all shareholders and interested parties that high court of south africa, gauteng division, pretoria granted order for provisional liquidation of mapochs mine at an urgent hearing on 17 may 2016

4:13am EDT

Mexico's Urbi gets $48 million injection to restart operations

MEXICO CITY, May 26 Mexican homebuilder Urbi said on Thursday it got a capital injection of 886.8 million pesos ($48 million) that will allow it to start operating again after having completed its debt restructuring.

Stocks, Bonds, Markets, May 26 2016

BRIEF-Pacific Exploration & Production updates on restructuring plan

May 26 Pacific Exploration And Production Corp :

Bonds, M&A, Markets, Stocks, Earnings, May 26 2016

Fights over value dog U.S. energy producers' bankruptcy plans

WILMINGTON, Del., May 26 Sabine Oil & Gas Corp and Samson Resources Corp, energy producers with a combined debt of nearly $8 billion, are facing showdowns over plans to exit bankruptcy as junior creditors are demanding larger repayments.

UPDATE 1-New Jersey lawmakers send Atlantic City rescue bills to governor

May 26 The New Jersey legislature approved a rescue package on Thursday to lift Atlantic City out of its fiscal distress and give the struggling gambling hub more time to craft a recovery plan before facing a possible state takeover.

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