 | | Featured Premium Content | | | | | Debtwire: Contributions, Achievements, and Observations of Outstanding Female Professionals – Women to Watch Part VI
To mark International Women’s Day, the women of ION Analytics, including reporters and analysts at Debtwire, MergerMarket, Dealreporter, Cybersecurity Law Report, Hedge Fund Law Report, and Anti-Corruption Report have interviewed outstanding women in their respective jurisdictions and fields. To mark International Women’s Day, the women of ION Analytics, including reporters and analysts at Debtwire, MergerMarket, Dealreporter, Cybersecurity Law Report, Hedge Fund Law Report, and Anti-Corruption Report have interviewed outstanding women in their respective jurisdictions and fields. READ MORE | | |  | | Editor's Picks | | | | | Spirit Airlines Emerges from Chapter 11 Protection
Spirit Aviation Holdings, the parent company of Spirit Airlines said on Wednesday that the low-cost carrier has successfully completed its financial restructuring. Spirit reduced its debt by approximately $795 million through a transaction that converted debt into equity, according to the company. READ MORE | | Ollie's Bargain Outlet to Acquire 40 Store Leases from Struggling Big Lots
Ollie's Bargain Outlet is acquiring 40 store leases from Big Lots, which continues to maneuver through the chapter 11 bankruptcy process, USA Today reported. Ollie’s Bargain Outlet Holdings, Inc. announced the acquisitions from Gordon Brothers, a liquidation firm handling the sale of Big Lots locations, on Feb. 27. The Harrisburg, Pa.-based company prefaced that the acquisitions are subject to final bankruptcy court approval and customary closing conditions. With the addition of the 40 Big Lots locations, Ollie's has now acquired 63 total former leases from the struggling retailer. READ MORE | | Sunnova Prepares Restructuring Talks That Could Include Bankruptcy Filing
Sunnova Energy, one of the country’s largest residential solar companies, is preparing to engage with creditors to explore options including a potential bankruptcy filing over its roughly $8.5 billion in debt, the Wall Street Journal reported. The company, working with law firm Baker Botts and investment bank JP Morgan, is putting together financial information and could begin negotiating with lenders and bondholders about ways to cut its debt and address near-term maturities, either in or out of bankruptcy. READ MORE
MORE NEWS BELOW | | |  | | Upcoming Events | | | | | Behind the Bench: Preparations and Suggestions to Solve the Pro Se PuzzleABI/NCBJ Webinar
April 1 | | ABI International Latin America Symposium Charleston Santa Teresa Cartagena
May 12-14 | Cartagena, Colombia | | | | |  | | Daily Roundup | | | | | Big Obstacle to Sickles Market Comeback Removed Following Deal with Landlord
A proposed deal is poised to clear up the thorny issue of more than $2.6 million, including back rent, owed to the former landlord of Sickles in Red Bank, N.J., which had emerged as a potential obstacle to the return of Sickles Market in Little Silver, N.J., the Asbury Park Press reported. The proposed agreement, which was filed in U.S. Bankruptcy Court in Trenton on Monday by Sickles' attorney and would reduce the amount due by more than 88%, is between Metrovation Anderson LLC, the owner of Red Bank's Anderson Building; Sickles owner Bob Sickles Jr.; and 1663 Partners LLC. 1663 is funding the plan to pull Sickles out of bankruptcy and reopen Sickles Market in Little Silver. READ MORE | | Inflation Rate Eased to 2.8% in February, Lower Than Expected
Prices for goods and services moved up less than expected in February, providing some relief as consumers and businesses worry about the looming impact tariffs might have on inflation, the Bureau of Labor Statistics reported Wednesday, CNBC.com reported. The consumer price index, a wide-ranging measure of costs across the U.S. economy, ticked up a seasonally adjusted 0.2% for the month, putting the annual inflation rate at 2.8%, according to the Labor Department agency. The all-item CPI had increased 0.5% in January. READ MORE | | Trump Vows U.S. Will Respond to Europe’s Metal Tariff Retaliation
President Donald Trump said the U.S. would respond to the European Union’s countermeasures against his new 25% tariffs on steel and aluminum, raising the risk of further escalation in his global trade war, Bloomberg News reported. “Of course I’m going to respond,” Trump said Wednesday when asked by reporters at the White House if he would retaliate. “The problem is our country didn’t respond. Look, the EU was set up in order to take advantage of the United States.” Trump did not specify which measures he would take. READ MORE | | Automakers Brace for Higher Costs as Steel and Aluminum Tariffs Kick In
Automakers are still dealing with whiplash from the delay, imposition and then partial rollback of tariffs on Canada and Mexico. And starting today, they also face higher tariffs on steel and aluminum — raw materials that the auto industry consumes in vast quantities, NPR.org reported. President Trump imposed tariffs on the two metals during his first administration. But now he's expanding them. This time, the 25% tariff on steel applies without exceptions for any countries or industries that rely on the metal, and the tariff on aluminum is rising from 10% to 25%. Trump said in a proclamation that the tariffs are justified on national security grounds, although he has also said in remarks they will promote U.S. jobs and make U.S. companies more profitable. READ MORE | | | | |
