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Published on 3/8/2024 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 one new default for Feb. 29-March 6

By Sarah Lizee

Olympia, Wash., March 8 – Prospect News reported one new default for Feb. 29 through March 6.

Specifically, Prospect News reported a Chapter 11 filing by BowFlex Inc.

Prospect News also reported a missed principal and interest payment by Zhenro Properties Group Ltd., but the company had already defaulted several times.

So far in 2024, Prospect News has reported 37 total defaults, including 24 Chapter 11 filings, four missed principal and interest payments, two each of Chapter 15 filings, missed interest payments and missed principal payments, and one each of CCAA filings, Chapter 7 filings and liquidations.

In its petition, BowFlex reported up to $50,000 in assets and around $76 million in liabilities.


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