 |
July 4, 2007 |
|
|
|
 |
BALLY TOTAL: Secures $292 Mil. DIP Financing from Morgan Stanley Bally Total Fitness Holding Corporation has entered into a commitment letter with Morgan Stanley Senior Funding Inc., as sole lead arranger and sole bookrunner for $292 million of super- priority secured debtor-in-possession and senior secured exit credit... Read More |
|
|
||
|
BLOCKBUSTER INC: Plans to Shutter 282 Stores in 2007 Blockbuster Inc. expects to close 282 domestic stores in 2007, a plan to optimize its store base, according to an investor presentation filed with the U.S. Securities and Exchange Commission. The company believes that the 2007 closures will have similar... Read More |
|
|
||
|
IMAX CORPORATION: Moody's Junks Corporate Family Rating Moody's Investors Service downgraded the corporate family rating of IMAX Corporation to Caa1 from B3 and downgraded the rating on its senior unsecured bonds to Caa2 from Caa1. Moody's also downgraded the probability of default rating to Caa1 from B3... Read More |
|
|
||
|
LIBERTY BRANDS: U.S. Trustee Wants Case Converted to Chapter 7 The U.S. Trustee for Region 3 asks the U.S. Bankruptcy Court for the District of Delaware to convert Liberty Brands LLC's chapter 11 case under a chapter 7 liquidation proceeding, Bill Rochelle of Bloomberg News reports... Read More |
|
|
||
|
MOVIE GALLERY: In Talks with Lenders on Plan to Cure Defaults Movie Gallery Inc. is in discussions with its lenders regarding inability to meet the financial covenants contained in the senior credit facility for the fiscal quarter ending July 1, 2007, and it intends to work closely with them to develop a plan to... Read More |
|
|
||
|
PARMALAT SPA: Court Allows Investors to Pursue Securities Action The Honorable Lewis Kaplan of the U.S. District Court for the Southern District of New York, the federal judge overseeing the securities class action against Italian dairy giant Parmalat Finanziaria S.p.A., has soundly rejected the company's motion to... Read More |
|
|
||
|
QUAKER FABRIC: Defaults on Loan Obligations, Mulls Liquidation Quaker Fabric Corporation disclosed that it is likely to commence an orderly liquidation of its business and a sale of its assets after the company failed to meet the requirements for committed borrowings under its existing lending facilities... Read More |
|
|
||
|
US ENERGY: In Final Talks with Chief Executive Officer Candidate U.S. Energy Systems Inc.'s board of directors, following its interviews with several interim chief executive officer candidates in recent days, is in final negotiations with a highly qualified candidate and expects to announce the appointment in the next... Read More |
|
|
||
 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
