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Reorg Radio
Weakening Airline Financials; Rite Aid Seller Financing; PREIT Mulls Chapter 11
Nov 20, 2023
10:03
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Discussion on Rite Aid's financing, challenging conditions for regional airlines, PREIT's maturity, and conflicts-of-interest scandal. Insights on court actions, bankruptcy preparations, and financial forecasts. Exploration of airline vulnerabilities and corporate events in the business world.
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Quick takeaways
- Rite Aid self-finances bids to resolve financial challenges, while former bankruptcy judge's conflicts-of-interest scandal unfolds.
- Regional airlines face tough conditions, with Pennsylvania Real Estate Investment Trust considering Chapter 11 amidst looming $1 billion maturity.
Deep dives
Court Updates and Disciplinary Proceedings Against Judge Jones
Chief Judge Priscilla Richmond closed the disciplinary proceedings against former Bank of Chief Judge David R. Jones after his resignation due to an undisclosed conflict of interest, his romantic relationship with Elizabeth Freeman. Rite Aid motioned for self-financing Med Impact's bid after a potential buyer faced financing issues. Rite Aid settled with McKesson resolving a multi-billion dollar supply agreement dispute.
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Discover
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