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Published on 1/14/2022 in the Prospect News Bank Loan Daily, Prospect News Convertibles Daily, Prospect News Distressed Debt Daily, Prospect News Emerging Markets Daily and Prospect News High Yield Daily.

Prospect News reports two new defaults for Jan. 6-Jan. 12 period

By Sarah Lizee

Olympia, Wash., Jan. 14 – Prospect News reported two new defaults for the period of Jan. 6 through Jan. 12.

Specifically, Prospect News reported a Chapter 11 filing made by Seadrill New Finance Ltd. and a bankruptcy filing in Germany by Genting Hong Kong Ltd.’s subsidiary, MV Werften.

So far in 2022, Prospect News has reported three defaults, including one each of Chapter 11 filings, Chapter 15 filings and bankruptcy filings.

Seadrill New Finance listed $500 million to $1 billion in both assets and liabilities.


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