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Prospect News home > News index > List of issuers G > Headlines for Gissing North America LLC > News item
Published on 8/12/2022 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 three new defaults for Aug. 4-Aug. 10

By Sarah Lizee

Olympia, Wash., Aug. 12 – Prospect News reported three new defaults for the period of Aug. 4 through Aug. 10.

Specifically, Prospect News reported Chapter 11 filings made by Broadbridge LA LLC, Gissing North America LLC and OSG Group Holdings Inc.

So far in 2022, Prospect News has reported 94 defaults, including 45 Chapter 11 filings, 23 missed interest payments, 13 missed interest and principal payments, six Chapter 15 filings, two liquidations, and one each of Chapter 7 filings, reorganizations, administrations and bankruptcy filings.

The three companies that filed Chapter 11 during the week reported at least $650 million in assets and at least $1.15 billion in liabilities.


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