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Published on 6/24/2022 in the Prospect News Convertibles Daily, Prospect News Distressed Debt Daily, Prospect News Emerging Markets Daily and Prospect News High Yield Daily.

Prospect News reports four new defaults for June 16-June 22

By Sarah Lizee

Olympia, Wash., June 24 – Prospect News reported four new defaults for the period of June 16 through June 22.

Specifically, Prospect News reported Chapter 11 filings made by Gold Standard Baking, LLC, Offshore Drilling Holding SA’s LaForta Gestao e Investimentos Sociedade Unipessoal LDA, and Revlon, Inc., and missed interest payments from Jingrui Holdings Ltd.

So far in 2022, Prospect News has reported 75 defaults, including 32 Chapter 11 filings, 25 missed interest payments, seven missed interest and principal payments, six Chapter 15 filings, and one each of Chapter 7 filings, reorganizations, liquidations, administrations and bankruptcy filings.


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