Prospect News reports four new defaults for week of June 6-June 12

By Caroline Salls

Pittsburgh, June 14 - Prospect News reported four new defaults for the week of June 6 to June 12.

The latest defaults came in the form of Chapter 11 bankruptcy filings made by Exide Technologies and NE Opco, Inc. (National Envelope), STX Pan Ocean Co., Ltd.'s rehabilitation proceedings and Desarrolladora Metropolitana SA de CV's missed interest payment on its 9½% senior guaranteed notes due Dec. 11, 2019.

Prospect News has reported 62 defaults so far in 2013, including 34 Chapter 11 filings, 11 missed interest payments, six missed principal and interest payments, three missed principal payments, two each of Chapter 7 bankruptcy filings and involuntary Chapter 11 filings and one each of bankruptcy filings, missed payments, distressed exchanges and rehabilitations.

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