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Published on 4/26/2013 in the Prospect News Bank Loan Daily, Prospect News Convertibles Daily, Prospect News Distressed Debt Daily, Prospect News Emerging Markets Daily and Prospect News High Yield Daily.

Prospect News reports three new defaults for week of April 18-April 24

By Caroline Salls

Pittsburgh, April 26 - Prospect News reported three new defaults for the week of April 18 to April 24.

The latest defaults reported include Chapter 11 bankruptcy filings made by Yarway Corp. and Synagro Technologies, Inc. and Urbi Desarrollos Urbanos, SAB de CV's missed interest payment on its 2016 bonds.

Prospect News has reported 43 defaults so far in 2013, including 25 Chapter 11 filings, six missed interest payments, five missed principal and interest payments, three missed principal payments, two involuntary Chapter 11 filings and one each of missed payments and Chapter 7 bankruptcy filings.


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