Prospect News reports one new default for July 21-July 27

By Sarah Lizee

Olympia, Wash., July 29 – Prospect News reported one new default for the period of July 21 through July 27.

Specifically, Prospect News reported a Chapter 11 filing made by 3M subsidiary Aearo Technologies Inc.

Prospect News also reported a missed interest payment by Future Retail Ltd. on its 5.6% dollar-denominated senior secured notes due 2025, but the company had defaulted previously in March.

So far in 2022, Prospect News has reported 88 defaults, including 40 Chapter 11 filings, 23 missed interest payments, 12 missed interest and principal payments, six Chapter 15 filings, two liquidations, and one each of Chapter 7 filings, reorganizations, administrations and bankruptcy filings.

Aearo Technologies reported $1 billion to $10 billion in both assets and liabilities.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.