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Published on 1/20/2017 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 week of Jan. 12 to Jan. 18

By Caroline Salls

Pittsburgh, Jan. 20 – Prospect News reported two new defaults for the week of Jan. 12 through Jan. 18.

Specifically, Prospect News reported a Chapter 11 bankruptcy filing made by Limited Stores Co., LLC and Mozambique’s missed interest payment on its 10½% notes due 2023.

In addition, Prospect News reported a Chapter 11 bankruptcy filing made by Memorial Production Partners LP. However, that company previously defaulted in connection with a Nov. 1 missed interest payment.

So far in 2017, Prospect News has reported seven defaults, including six Chapter 11 bankruptcy filings and one missed interest payment.


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