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Prospect News reports four new defaults for week of April 11-April 17
By Caroline Salls
Pittsburgh, April 18 – Prospect News reported four new defaults for the week of April 11 through April 17.
Specifically, Prospect News reported Chapter 11 bankruptcy filings made by Jones Energy, Inc. and Achaogen, Inc., a scheme of arrangement proceeding filed by Ballantyne Re plc and Cloud Peak Energy Resources LLC (Cloud Peak Energy Inc.)’s missed interest payment on its 6 3/8% senior notes due 2024.
So far in 2019, Prospect News has reported 52 defaults, including 34 Chapter 11 bankruptcy filings, 11 missed interest payments, four missed principal payments, two schemes of arrangement and one Chapter 15 bankruptcy filing.
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