Prospect News reports five new defaults for week of Feb. 13-Feb. 19

By Caroline Salls

Pittsburgh, Feb. 21 - Prospect News reported five new defaults for the period from Feb. 13 through Feb. 19.

The latest defaults came in the form of Chapter 11 bankruptcy filings made by Victor Oolitic Stone Co. (Indiana Limestone Co.), Quantum Foods, LLC and Event Rentals, Inc., as well as Genco Shipping & Trading Ltd.'s missed interest payment on its 5% convertible senior notes due Aug. 15, 2015 and Sea Product Ltd.'s missed principal and interest payment.

Prospect News also reported Codere SA (Codere Finance Luxembourg SA)'s missed interest payment on its dollar bonds and Lupatech SA's restructuring. However, Codere previously defaulted in connection with a Jan. 15 missed interest payment, and Lupatech previously defaulted in connection with an April 15, 2012 missed interest payment.

Prospect News has reported 19 defaults so far for 2014, including 11 Chapter 11 bankruptcy filings, five missed interest payments and one each of Chapter 15 bankruptcy filings, missed principal and interest payments and restructurings.

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