Octus Radio
Party City; PROMESA Oversight Board’s Second PREPA; Refinancings and Restructurings
Sep 12, 2023
This podcast covers Party City's plan confirmation hearing, PROMESA oversight board's settlement with PREPA bondholders, and updates on refinancings from Trinseo, McDermott International, and other companies. They also discuss the leadership change at a care provider, market news, and upcoming events in the restructuring world.
08:42
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Quick takeaways
- Court decisions impacting Party City and PREPA,
- Refinancing and restructuring activities for Trinsale and McDermott International
Deep dives
Impacts of Court Decisions on Party City, Puerto Rico, and Board Riders
This week, significant court decisions affected companies like Party City, Puerto Rico Electric Power Authority (PREPA), and Board Riders. Party City had its chapter 11 plan confirmed by Judge David R. Jones after settling with creditors. PREPA garnered support for its plan of adjustment from bondholders through a settlement agreement. Board Riders resolved a lawsuit challenging a transaction, setting a precedent in court decisions impacting lenders.
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