Prospect News reports five new defaults for week of Feb. 1 to Feb. 7

By Caroline Salls

Pittsburgh, Feb. 9 – Prospect News reported five new defaults for the week of Feb. 1 through Feb. 7.

Specifically, Prospect News reported Chapter 11 bankruptcy filings made by Ascent Resources Marcellus Holdings, LLC, Bon-Ton Stores, Inc. and Cenveo, Inc., a distressed exchange related to Charlotte Russe Inc.’s term loans and a missed interest payment on iHeartCommunications, Inc.’s 14% senior notes due 2021.

Prospect News also reported a bankruptcy filing made by Aligera Holding AB and a missed interest payment on Swiber Holdings Ltd.’s 6½% series 001 trust certificates due 2018, but both of those companies had previously defaulted.

So far in 2018, Prospect News has reported 21 defaults, including 11 Chapter 11 bankruptcy filings, three bankruptcies, two missed interest payments and one each of restructurings, recapitalizations, compulsory liquidations, distressed exchanges and missed principal and interest payments.

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