Edition:
United States

Jessica DiNapoli

Jan 20 2017

U.S. bankruptcy court judge OKs $425 million for Avaya loan

NEW YORK A U.S. bankruptcy court judge granted Avaya Inc approval on Friday to tap $425 million of the $725 million loan proposed to carry the telecommunications company through its restructuring, funds the company said were essential to continue operations.

Jan 20 2017

U.S. bankruptcy court judge OKs $425 million for Avaya loan

NEW YORK A U.S. bankruptcy court judge granted Avaya Inc approval on Friday to tap $425 million of the $725 million loan proposed to carry the telecommunications company through its restructuring, funds the company said were essential to continue operations.

Jan 19 2017

Telecommunications company Avaya files for bankruptcy

WILMINGTON, Del Telecommunications company Avaya Inc filed for Chapter 11 bankruptcy on Thursday to reduce its debt load of about $6.3 billion but said it would not sell its call center business, which it had tried to do last year.

Jan 19 2017

Telecommunications company Avaya files for bankruptcy

WILMINGTON, Del Telecommunications company Avaya Inc filed for Chapter 11 bankruptcy on Thursday to reduce its debt load of about $6.3 billion but said it would not sell its call center business, which it had tried to do last year.

Jan 16 2017

Bankrupt U.S. retailer American Apparel starts layoffs

American Apparel LLC said it had started to lay off staff on Monday, after Canadian apparel maker Gildan Activewear Inc withdrew its initial plan to acquire some of the bankrupt U.S. fashion retailer's manufacturing operations.

Jan 16 2017

American Apparel starts layoffs -sources

Jan 16 American Apparel LLC started to lay off staff on Monday, after Canada's Gildan Activewear Inc withdrew its initial plan to buy some of the bankrupt U.S. fashion retailer's manufacturing operations, people familiar with the matter said.

Jan 13 2017

Shoe chain Payless explores debt restructuring -sources

U.S. discount footwear retailer Payless Inc is working with debt-restructuring attorneys to deal with its approximately $665 million in debt as foot traffic at its stores declines, according to people familiar with the matter.

Jan 13 2017

Exclusive: Shoe chain Payless explores debt restructuring - sources

U.S. discount footwear retailer Payless Inc is working with debt-restructuring attorneys to deal with its approximately $665 million in debt as foot traffic at its stores declines, according to people familiar with the matter.

Jan 10 2017

American Apparel's 'made in U.S.' heritage uncertain after deal

MONTREAL/NEW YORK American Apparel LLC's made-in-the-U.S. heritage is uncertain after Canadian apparel maker Gildan Activewear Inc won a bankruptcy auction to acquire the edgy fashion retailer for about $88 million in cash.

Jan 10 2017

American Apparel's 'made in U.S.' heritage uncertain after deal

MONTREAL/NEW YORK American Apparel LLC's made-in-the-U.S. heritage is uncertain after Canadian apparel maker Gildan Activewear Inc won a bankruptcy auction to acquire the edgy fashion retailer for about $88 million in cash. | Video

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