Prospect News reports three new defaults for week of Oct. 25-Oct. 31

By Caroline Salls

Pittsburgh, Nov. 2 – Prospect News reported three new defaults for the week of Oct. 25 through Oct. 31.

Specifically, Prospect News reported missed interest payments on several tranches of IL&FS Transportation Networks Ltd.’s debentures and Chapter 11 bankruptcy filings made by Egalet Corp. and Gastar Exploration, Inc.

So far in 2018, Prospect News has reported 130 defaults, including 64 Chapter 11 bankruptcy filings, 27 missed interest payments, five missed principal payments, four each of bankruptcies and missed principal and interest payments, three each of Chapter 7 bankruptcy filings, Chapter 15 bankruptcy filings and distressed exchanges, two each of administrations, liquidations, debt-for-equity exchanges and schemes of arrangement and one each of Companies’ Creditors Arrangement Act filings, compulsory liquidations, composition of creditors filings, insolvencies, involuntary Chapter 7 cases, missed interest payments paid late, missed payments, recapitalizations and restructurings.

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