TITLE

Tribune Files New Reorg Plan, CEO Resigns

AUTHOR(S)
Sheahan, Matthew
PUB. DATE
November 2010
SOURCE
High Yield Report;11/1/2010, Vol. 21 Issue 44, p12
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
This article focuses on a new plan of reorganization filed by Tribune Co. that intends to reduce its debt by 70%. Under the terms of the plan, ownership of the firm would be turned over to holders of its initial and incremental loans. Two settlement agreements that the firm reached with its committee of unsecured creditors, Oaktree Capital Management, Angelo Gordon & Co. and JPMorgan, have also been incorporated into the plan. Meanwhile, Tribune President and Chief Executive Randy Michael has resigned from the firm.
ACCESSION #
54939653

 

Related Articles

  • Après-scheme. Pilkington, Christian; Heverin, Kevin // Lawyer;6/27/2011, Vol. 25 Issue 26, p26 

    The article discusses the need by complex corporate reorganizations for an English law scheme which can provide a compromise with creditors outside the scope of formal bankruptcy proceedings. It notes that the potential hold-out value of dissident creditor minorities can be counteracted by a...

  • Company creditor compromises - worthwhile or not? FINNIGAN, PERI // Chartered Accountants Journal;Aug2012, Vol. 91 Issue 7, p50 

    The article reports on compromises between a company and its creditors and whether they are beneficial for either party. Topics include advice for companies on whether or not it would be beneficial for them to accept a compromise or vote against it, how compromises can help struggling companies...

  • Saudi firms plan debt restructurings. MARTIN, MATTHEW // MEED: Middle East Economic Digest;2/3/2012, Vol. 56 Issue 5, p9 

    The article reports that several corporates and family conglomerates in Saudi Arabia are planning debt restructurings during 2012. However some companies are still struggling with debt problems. Abdel Hadi Abdullah al-Qahtani & Sons, a family-owned conglomerate based in the Eastern Province, has...

  • Tribune Bankruptcy Hits Another Holdup. R. K. // Bank Loan Report;8/9/2010, Vol. 25 Issue 32, p1 

    The article discusses the developments on the bankruptcy and reorganization plan of Tribune Co. It mentions the report released by court examiner Kenneth Klee on the intentional fraud by Tribune executives to sell the company to Sam Zell's Equity Group Investments with spruced financial...

  • A LAW ON EXTRAJUDICIAL SETTLEMENT OF THE DEBTOR WITH THE CREDITORS.  // Macedonian Business Monthly;Oct2013, Vol. 13 Issue 135, p6 

    The article offers information on a law on extrajudicial settlement of the debtor with the creditors that Macedonia is hoping to enact.

  • How Problem Easements Can Limit Sale Rights. HESSE, GREGORY G.; KINVIG, CAMERON W. // ABI Journal;May2014, Vol. 33 Issue 5, p32 

    The article discusses the challenges on the debtor's efforts at reorganization or efficient liquidation in the U.S. when debtor was not allowed to reject a disadvantageous agreement, or could only sell property subject to restrictive interests in that property. It notes the settlement of whether...

  • Insolvency THEN and NOW. Lorinc, John // CA Magazine;Jan/Feb2011, Vol. 144 Issue 1, p16 

    The article discusses the challenges of insolvency and restructuring professionals (CIRP) to resolve the struggling companies and debt-ridden individuals in Canada. It highlights the regulations adopted by the Office of the Superintendent of Bankruptcy (OSB) in determining bankruptcy...

  • Rolling with Roll-Ups.  // Investment Dealers' Digest;3/20/2009, Vol. 75 Issue 12, p24 

    The article discusses the significance of roll-ups, as an alternative financing tool for Chapter 11 of the Bankruptcy code in the U.S. The emergence of the roll-up concept was brought by the $8 billion debtor-in-possession (DIP) grant to Lyondell Chemical Co. by a bankruptcy court. Roll-ups are...

  • J.L. French Files, Amends Reorganization Plan.  // Foundry Management & Technology;May2006, Vol. 134 Issue 5, p6 

    The article reports that Sheboygan, Wisconsin-based J.L. French Automotive Castings Inc., which declared Chapter 11 bankruptcy in February 2006, has amended its bankruptcy reorganization plan to address dissatisfaction among creditors and a second-lien agent with the original terms of...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics