The chapter discusses the departure of IKEA partner and CEO David Clark from an optometry and ophthalmology care provider, with a focus on his background and the extension of the company's credit facility maturity. It also covers various top stories of the week in markets such as Melamine and Malenkrot's return to chapter 11, LBO debt deal launches, European real estate troubles, and Chinese payment deadlines, ending with a preview of upcoming events like Bed Bath and Beyond's court appearance and asset sales.
This week’s episode includes recaps of Party City’s plan confirmation hearing, the PROMESA oversight board’s second settlement with PREPA bondholders in connection with PREPA’s third amended plan of adjustment and the Boardriders settlement. Also, updates on refinancings and near term restructurings from Trinseo, McDermott International, Cornerstone Chemical and EyeCare Partners.
And, as always, a preview of what’s on the docket for this week.
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