creditors

Chemicals Company Ascend Performance Gets Rescue Financing

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(Bloomberg) — Some of Ascend Performance Materials Inc.’s creditors provided fresh financing to the troubled chemicals firm, giving it time to restructure its debt, according to people with knowledge of the matter. The SK Capital Partners-backed firm will get a new $100 million loan, of which $40 million will be funded initially, said the people, … Read more

Singapore Court Approves WazirX’s Financial Restructuring Plan, Creditors to Vote Next

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Zettai, the Singapore-based parent company of WazirX, presented a financial restructuring plan to the Singapore High Court this week. The court reviewed and approved the proposal for users of WazirX who lost funds during an alleged hack in July 2024, resulting in a displacement of approximately $230 million (around Rs. 1,900 crore). According to a … Read more