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Reorg Radio

Hawaiian Electric, Spirit AeroSystems, Yellow Corp DIP, Stalking Horse, FTX, Genesis

Aug 22, 2023
10:04
Snipd AI
This podcast recaps on Hawaiian Electric and Spirit AeroSystems, Yellow Corp's in-court action, potential restructurings for Mallinckrodt, Pure Fishing, Cano Health, and Tenneco. Kate Thomas provides a preview of future coverage. The episode delves into bankruptcy developments, financial proceedings, mediation requests, market challenges, legal updates, and upcoming events in bankruptcy cases.
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Podcast summary created with Snipd AI

Quick takeaways

  • Hawaiian Electric Industries may face liability for damages, while Spirit AeroSystems experiences declining deliveries and negative cash flow.
  • Yellow Corp secures a new money DIP facility, while FTX and Genesis propose a global settlement for due link claims.

Deep dives

Restructuring Developments in the Corporate World

This week's segment delves into the restructuring scenarios of Hawaiian Electric Industries, Spirit Arrow Systems, and Radiate Holdco. Hawaiian Electric Industries, under HEI, faces potential liability for damages from the Lihanu-Mawi fire. Spirit Arrow Systems experience a drop in deliveries, resulting in negative free cash flow. Radiate Holdco observes customer loss and decreased revenue, prompting the need for interest expenses.

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