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Published on 1/2/2015 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 four new defaults for period of Dec. 18-Dec. 31

By Caroline Salls

Pittsburgh, Jan. 2 – Prospect News reported four new defaults for the period of Dec. 18 through Dec. 31.

Specifically, Prospect News reported Southern Pacific Resource Corp.’s missed interest payment on its 6% convertible unsecured subordinated debentures due June 30, 2016, Shoreline Energy Corp.’s missed interest payment on its convertible debentures, iPayment Inc.’s distressed exchange related to its 10¼% senior notes due 2018 and 15% senior notes due 2018 and Balmoral Racing Club, Inc.’s Chapter 11 bankruptcy filing.

Prospect News has not reported any defaults so far in 2015.


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