Recent Distressed News - April 1, 2012

I promised way too many readers a post today related to the MYRIAD of distressed debt news stories that hit the wire this weekend / today.  They include:

  • PNCL bankruptcy
  • Q-Cells filing in Germany
  • Sino-Forest bankruptcy (and the comical lawsuit against Muddy Waters)
  • News from the Dynegy bankruptcy
  • Reddy Ice delaying their 10K
  • EK's MOR
  • Hawker incremental (L+1200, 2% Floor!) + forbearance
  • Revel Entertainment's soft opening
  • Delays in Tribune
...and a few others.  I will try to do a post on PNCL's bankruptcy (docket here: Pinnacle Docket) as well as giving summary of the above in the next few days.  Stay tuned (while I try to stay above water!).


Anonymous,  4/09/2012  

Don't mean to pressure you (ok, maybe a little), but I'm looking forward to reading your post on PNCL filing. In particular, I wonder what the bankruptcy means for the Delta rate reset due in 2013. BTW, congratulations on your 3yr anniversary!


hunter [at] distressed-debt-investing [dot] com

About Me

I have spent the majority of my career as a value investor. For the past 8 years, I have worked on the buy side as a distressed debt and high yield investor.