Patrick Fitzgerald retweetledi
Patrick Fitzgerald
54 posts

Patrick Fitzgerald
@PFitzNews
Reporter @OctusCredit
New York, NY Katılım Kasım 2023
155 Takip Edilen291 Takipçiler

Last week, @OctusCredit first reported that struggling Latvian flagcarrier @airBaltic hired @SeaburyCapital to explore balance sheet options amid an escalating liquidity crunch, citing sources. The company announced the retention of Seabury today, confirming our reporting.

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Publicly-listed @FATBrandsinc filed for Ch. 11 bankruptcy protection tonight in the SDTX - @harvardzhang and I first reported on Jan. 16 that the company was closing in on executing a debt restructuring, potentially through a Ch. 11 filing, citing sources.

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We at @OctusCredit first reported that @UnitedSiteServ and its creditors were back with advisors ahead of a potential Ch. 11 filing, citing sources. The company filed earlier today.

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We at @OctusCredit first reported last Friday that Saks Global is possibly headed towards a Ch. 11 bankruptcy filing, citing sources.

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Patrick Fitzgerald retweetledi

Saks prepares DIP loan ahead of potential chapter 11 bankruptcy, as luxury department store chain faces >$100mm interest payment end of month in the middle of all-important holidays quarter, sources told @PFitzNews, @tsgaurav and me.
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Genesis HealthCare filed for Ch. 11 bankruptcy protection last night. We at @OctusCredit first reported that the company was preparing to file on May 19, citing sources.

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We at @OctusCredit first reported privately-held @ABHcosmetics moved certain assets, including IP, away from lenders to potentially raise new financing, citing sources.

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Ascend filed in the SDTX today, confirming @OctusCredit’s previous reporting.
Patrick Fitzgerald@PFitzNews
We at @OctusCredit first reported on March 25 that privately-held Ascend Performance Materials is exploring a potential bankruptcy filing, citing sources.
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Global Clean Energy filed for Ch. 11 bankruptcy protection on April 16th. We at @OctusCredit first reported that the company was preparing to file on April 1, advised by Kirkland & Ellis, as well as Lazard. #scoop #ch11

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We at @OctusCredit first reported on March 25 that privately-held Ascend Performance Materials is exploring a potential bankruptcy filing, citing sources.

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We at @OctusCredit first reported that struggling drug store chain @riteaid may need additional liquidity to stave off a second restructuring, citing sources. w/@harvardzhang and @tsgaurav

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Cutera filed for Ch. 11 bankruptcy protection today. We @OctusCredit first reported the company was headed towards a filing late last year, citing sources.

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Platinum Equity-backed Oregon Tool announced an LME today, where the company received $156m in new money and kicked out maturities to Q4 ‘29. I reported over a month ago for @OctusCredit that the company was discussing LME options with a majority creditor group, citing sources.

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Bargain Hunt filed for Ch. 11 bankruptcy protection today - @OctusCredit *first* reported last week that a possible filing was on the horizon.
Patrick Fitzgerald@PFitzNews
We at @OctusCredit first reported that privately-held discount retailer Bargain Hunt is headed towards a potential liquidation, possibly through a bankruptcy filing.
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We at @OctusCredit first reported that privately-held discount retailer Bargain Hunt is headed towards a potential liquidation, possibly through a bankruptcy filing.

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@ebitdacalcmonke @OctusCredit all credit to sir Harvard Zhang for that banger of a headline 🎄
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We at @OctusCredit first reported that Kinderhook-backed Better Health previewed a non pro rata LME with lenders, and followed up with the actual terms of the deal today, citing sources. Additionally, excluded lenders are discussing options with the law firm Glenn Agre.

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