Prospect News reports six new defaults for week of April 6-April 12

By Caroline Salls

Pittsburgh, April 13 – Prospect News reported six new defaults for the week of April 6 through April 12.

Specifically, Prospect News reported Chapter 11 bankruptcy filings made by Halt Medical, Inc., Unilife Corp., Alliance Medical Holdings, LLC, Rupari Holding Corp./Rupari Food Services, Inc. and Ciber Inc., as well as Banro Corp.’s plan of arrangement proceeding.

In addition, Prospect News reported a distressed exchange of iPayment Inc.’s 9½% senior secured notes due 2019. However, iPayment previously defaulted in connection with a December 2014 distressed exchange.

So far in 2017, Prospect News has reported 56 defaults, including 36 Chapter 11 bankruptcy filings, eight missed interest payments, four missed principal payments, three distressed exchanges, two recapitalizations and one each of Chapter 7 bankruptcy filings, notes-for-equity exchanges and plans of arrangement.

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