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Published on 4/5/2012 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 five new defaults for week of March 29-April 4

By Caroline Salls

Pittsburgh, April 5 - Prospect News reported five new defaults for the week of March 29 to April 4.

The new defaults included Chapter 11 bankruptcy filings made by Solar Millennium, Inc., AFA Foods and Pinnacle Airlines Corp., eircom Ltd.'s examinership and a missed interest payment on Hawker Beechcraft Acquisition Co., LLC's 8½% senior fixed-rate notes, 8 7/8%/9 5/8% senior PIK election notes and 9¾% senior subordinated notes.

Prospect News also reported a Companies' Creditors Arrangement Act filing made by Sino-Forest Corp. on March 30.

Sino-Forest had previously defaulted with a missed interest payment in December.


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