Prospect News reports five new defaults for March 31-April 6 period

By Sarah Lizee

Olympia, Wash., April 8 – Prospect News reported five new defaults for the period of March 31 through April 6.

Specifically, Prospect News reported a Chapter 11 filing made by Ruby Pipeline, LLC, a Chapter 7 filing made by Sigfox Inc., two missed interest payments on Future Retail Ltd.’s 10.65% non-convertible debentures due 2023 and 2024, and a missed interest payment on Minera Tres Valles’ senior secured loans.

So far in 2022, Prospect News has reported 32 defaults, including 13 Chapter 11 filings, seven missed interest payments, five missed interest and principal payments, four Chapter 15 filings, and one each of Chapter 7 filings, liquidations and bankruptcy filings.

Ruby Pipeline reported over $500 million in assets and over $500 million in liabilities.

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