PLANO, TEXAS: J.C. Penney Company, one of the nation’s largest apparel and home retailers, has entered into a restructuring support agreement (RSA) with lenders holding approximately 70% of JCPenney’s first lien debt to reduce the Company’s outstanding indebtedness and strengthen…
TORONTO: HyperBlock Inc. confirmed that the company has filed an “Assignment in Bankruptcy” under the Bankruptcy and Insolvency Act (Canada). The Company is no longer able to meet its financial obligations and has appointed Crowe Soberman Inc. as its Licensed…
TORONTO: American Aires Inc. has announced record sales during the month of April 2020. American Aires is an Ontario based technology company that is focused on the research, development and implementation of innovative technology solutions to allow consumers to safely…
LUXEMBOURG: Corporación América Airports, the largest private sector airport operator in the world by number of airports, has reported a 98.3% decline year-over-year passenger traffic in April 2020. Total passenger traffic in April 2020 dropped 98.3% YoY, primarily reflecting continued…
LONDON: Sumo Group, the provider of creative and development services to the video games and entertainment industries, has acquired Lab42 Limited, a cross-platform work for hire studio, providing co-development and full game development services, for a total cash consideration of…
LONDON: D4t4 Solutions Plc, the AIM-listed data solutions provider, launched Celebrus Version 9.2 with newly embedded machine learning (ML) and natural language processing (NLP) capabilities. Celebrus, D4t4’s enterprise software solution, captures and instantly activates data across all digital channels to…
SINGAPORE: RAM Rating Services Berhad has maintained ratings for the Frasers Hospitality Trust’s sponsored RM 477.48 million medium term Notes Series 2019-A issued by Notable Vision Sdn. Bhd. under NVSB’s RM750 million Medium Term Note Programme. The Notes Series 2019-A…
LONDON: Moneysupermarket.com Group has announced the appointment of Peter Duffy as Chief Executive Officer. Peter will succeed Mark Lewis who, as announced in February, is stepping down as CEO. Peter Duffy is currently CEO of Just Eat Limited and before…
SINGAPORE: Singapore Exchange (SGX) and the Economic Society of Singapore (ESS) have partnered to launch the SGX-ESS Essay Competition that encourages participants to analyse and debate on how the networks and mechanisms of price formation are likely to evolve in…
LONDON: EVR Holdings plc, the leading creator of virtual reality entertainment content and operator of the MelodyVR platform, announced the launch of Live from LA, a new live music series delivered directly into fans’ homes around the world, broadcast from…
LONDON: Gresham House Asset Management Limited (GHAM) and Strategic Equity Capital plc (SEC) have entered into an investment management agreement whereby GHAM will become SEC’s new investment manager and alternative investment fund manager. The appointment will be effective from 21…
WASHINGTON: CoStar Group Inc., the leading provider of commercial real estate information, announced plans to acquire Ten-X for $190 million in cash. Ten-X was launched in 2009 with the goal of providing a digital transaction platform for effectively liquidating the…