restructuring

Pabst Maker City Brewing Mulls Lender Takeover in Restructuring

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(Bloomberg) — City Brewing Co., which makes alcoholic drinks such as White Claw and Pabst Blue Ribbon, is talking to creditors about inking an out-of-court restructuring with lenders taking control of the company, according to people with knowledge of the matter.  Negotiations are ongoing and no final decision has been made, said the people, who … 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