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Published on 8/26/2022 in the Prospect News Bank Loan Daily, Prospect News Convertibles Daily, Prospect News Distressed Debt Daily, Prospect News Emerging Markets Daily and Prospect News High Yield Daily.

Prospect News reports one new default for Aug. 18-Aug. 24

By Sarah Lizee

Olympia, Wash., Aug. 26 – Prospect News reported one new default for the period of Aug. 18 through Aug. 24.

Specifically, Prospect News reported a Chapter 11 filing made by Carestream Health, Inc., which posted roughly $1.03 billion in debt and over $1 billion in assets.

So far in 2022, Prospect News has reported 98 defaults, including 48 Chapter 11 filings, 23 missed interest payments, 13 missed interest and principal payments, seven Chapter 15 filings, two liquidations, and one each of Chapter 7 filings, reorganizations, administrations and bankruptcy filings.


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