 | | Featured Premium Content | | | | | WSJ Pro Bankruptcy: Ukraine Fails To Reach Debt Restructuring Agreement, Faces Default Risk
Ukraine said Thursday that it failed to strike a deal to restructure $2.6 billion of debt securities, heightening its risk of default, WSJ Pro Bankruptcy reported. Ukraine’s finance ministry said it didn’t accept a proposal from a group of investors holding warrants linked to the country’s gross domestic product ahead of a payment due around the end of May. READ MORE | | | | | SPONSORED CONTENTPrivate Credit and BSLs: Friends or Foes? With private credit and broadly syndicated loans (BSLs) competing for dominance, the lending landscape is in flux. But can these markets ultimately work hand in hand? SRS Acquiom, in partnership with Debtwire, surveyed 200 senior executives from alternative asset management firms across Europe and the U.S. to uncover the true dynamics of these two critical markets. Download the Report | | |  | | Editor's Picks | | | | | Bertucci’s Files for Bankruptcy for the Third Time in 7 Years
Bertucci’s Restaurants is seeking chapter 11 bankruptcy protection for the third time in seven years, National Restaurant News reported. The Orlando, Fla.-based casual-dining pizza chain has assets and liabilities between $10 million and $50 million, with fewer than 300 creditors, including several landlords, according to bankruptcy documents filed on April 24. Bertucci’s largest creditor is a business management consultant, Cost Control Associates, which is owed more than $600,000. READ MORE | | China Exempts Some Goods from U.S. Tariffs
China has exempted some U.S. imports from its 125% tariffs and is asking firms to identify critical goods they need levy-free, according to businesses that have been notified, Reuters reported. The dispensation, which follows de-escalatory statements from Washington, signals that the world's two largest economies were prepared to rein in their conflict, which had frozen much of the trade between them, raising fears of a global recession. READ MORE | | Hertz Eyes $500 Million Debt Raise Ahead of Litigation
Hertz Global Holdings Inc. is looking to raise around $500 million of secured debt to shore up its balance sheet, Bloomberg News reported. It’s also exploring other options including raising equity through an at-the-market offering. (Subscription required.) READ MORE
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June 18-20 | Chicago, Ill. | | | | | | |  | | Daily Roundup | | | | | Houston Real Estate Investor Jailed by Judge in Bankruptcy Case
Houston real estate investor Ali Choudhri was taken into custody by U.S. marshals on Monday after repeatedly failing to comply with court orders in Jetall Companies’ bankruptcy case. Bankruptcy Judge Jeffrey Norman ordered Choudhri’s arrest following a three-hour emergency hearing, describing it as a last-resort move to compel the Jetall founder and CEO to submit complete and accurate bankruptcy schedules and financial statements. (Subscription required.) READ MORE | | U.S. Existing Home Sales Fall More than Expected in March
U.S. existing home sales fell more than expected in March, weighed down by higher borrowing costs, and further weakness is likely as growing concerns of an economic slowdown because of tariffs sap demand, Reuters reported. Home sales dropped 5.9% last month to a seasonally adjusted annual rate of 4.02 million units, the National Association of Realtors said on Thursday. READ MORE | | SEC Staff Shrinks 16% in Last Year, Includes Key Units
The U.S. Securities and Exchange Commission has lost 16% of its workforce since this time last year, leaving Wall Street's top regulator with gaps across key divisions, Reuters reported. Most of those staff members left since February when more than 600 accepted Trump administration offers to resign and retire early, according to one of the sources and a second source familiar with the matter. The people spoke on condition of anonymity as the details are not yet public. READ MORE | | | |
