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Bankruptcy

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Aeromexico says U.S. bankruptcy court OKs 75 more days to present plan

MEXICO CITY, June 22 Mexican airline Grupo Aeromexico said on Tuesday the U.S. Bankruptcy Court for the Southern District of New York, presiding over its chapter 11 restructuring process, gave it 75 more days to present a reorganization plan.

UPDATE 2-Krispy Kreme eyes near $4 bln valuation in U.S. IPO

June 22 Krispy Kreme Inc is targeting a valuation of nearly $4 billion in a U.S. initial public offering, according to a regulatory filing on Tuesday, as the donut chain aims a return to the stock market to capitalize on the record capital markets activity.

China's Tianjin city seeks to appease investors over rising funding costs, sources say

BEIJING, June 22 The vice mayor of Tianjin told financial institutions on Tuesday he expected no additional state companies to default in the northern Chinese city and promised to maintain a healthy credit environment, three sources told Reuters.

Markets, Bonds, Financials Jun 22 2021

UPDATE 4-Vale, BHP propose 1.2 bln reais DIP financing for Samarco, creditors oppose

RIO DE JANEIRO/SAO PAULO, June 15 Bankrupt miner Samarco Mineracao SA plans to receive a 1.2 billion reais ($238 million) debtor-in-possession loan extended by controlling shareholders Vale SA and BHP Group Ltd, according to court documents reviewed by Reuters.

EXCLUSIVE-Private equity firms Quantum, EnCap bid for oil producer EP Energy - sources

June 16 Oil and gas producer EP Energy, which emerged from bankruptcy last year, has received takeover bids from private equity firms including EnCap Investments and Quantum Energy Partners, four people familiar with the talks told Reuters.

UPDATE 1-Credit Suisse prepares insurance claims on Greensill Capital losses - FT

June 16 Swiss bank Credit Suisse has prepared its first insurance claims on losses stemming from its $10 billion of funds tied to collapsed finance group Greensill Capital, the Financial Times reported on Wednesday.

Credit Suisse prepares insurance claims on Greensill Capital losses - FT

June 16 Swiss bank Credit Suisse has prepared its first insurance claims on losses stemming from its $10 billion of funds tied to collapsed finance group Greensill Capital, the Financial Times reported on Wednesday.

UPDATE 2-Court approves Thai Airways plan for makeover of $12.9 bln debt

BANGKOK, June 15 Thai Airways International Pcl won court approval on Tuesday to restructure a debt load of $12.9 billion as the airline, which is already in bankruptcy protection, seeks to turn around its fortunes.

Stock Quote, Bonds, Markets, Jun 15 2021

UPDATE 1-Mall owner Washington Prime files for chapter 11 bankruptcy protection

June 13 Mall owner Washington Prime Group filed for chapter 11 bankruptcy protection on Sunday after the COVID-19 pandemic forced it to temporarily close some of its roughly 100 shopping centers across the United States and businesses were unable to pay it rent.

Mall owner Washington Prime files for chapter 11 bankruptcy protection

June 13 Mall owner Washington Prime Group filed for chapter 11 bankruptcy protection on Sunday after the COVID-19 pandemic forced it to temporarily close some of its roughly 100 shopping centers across the United States and businesses were unable to pay it rent.

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