Prospect News reports two new defaults for week of July 26 to Aug. 1

By Caroline Salls

Pittsburgh, Aug. 3 – Prospect News reported two new defaults for the week of July 26 through Aug. 1 in the form of Chapter 11 bankruptcy filings made by Heritage Home Group, LLC and 1 Global Capital LLC.

In addition, Prospect News reported a missed interest payment on Noble Group Ltd.’s 6¾% senior notes due 2020. However, Noble Group previously defaulted in connection with three other missed payments.

So far in 2018, Prospect News has reported 97 defaults, including 51 Chapter 11 bankruptcy filings, 16 missed interest payments, three each of missed principal and interest payments, bankruptcies, Chapter 7 bankruptcy filings and distressed exchanges, two each of missed principal payments, liquidations and schemes of arrangement and one each of administrations, Companies’ Creditors Arrangement Act filings, Chapter 15 bankruptcy filings, company voluntary arrangements, compulsory liquidations, debt-for-equity exchanges, insolvencies, involuntary Chapter 7 cases, missed interest payments paid late, moratoriums, recapitalizations and restructurings.

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