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Prospect News reports three new defaults for Feb. 16-Feb. 22
By Sarah Lizee
Olympia, Wash., Feb. 24 – Prospect News reported three new defaults for the period of Feb. 16 through Feb. 22.
Specifically, Prospect News reported Chapter 11 filings made by Holiday Inn Express Washington D.C. Downtown, Starry Group Holdings, Inc. and Stanadyne LLC.
So far in 2023, Prospect News has reported 43 defaults, including 31 Chapter 11 filings, six missed interest payments, two missed principal and interest payments, and one each of CCAA filings, Chapter 15 filings, Chapter 7 filings, and missed interest payments paid within a grace period.
The companies that filed Chapter 11 during the week reported at least $370.75 million in assets and at least $459.79 million in debt collectively.
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