Prospect News reports four new defaults for week of April 2-April 8

By Caroline Salls

Pittsburgh, April 9 – Prospect News reported four new defaults for the week of April 2 through April 8.

Specifically, Prospect News reported Chapter 11 bankruptcy filings made by Apex Parks Group, LLC, Quorum Health Corp. and Ravn Air Group, Inc. and a missed payment on Minera Tres Valles’ (Sprott Resource Holdings Inc.) secured pre-payment facility.

In addition, Prospect News reported missed principal and interest payments and missed payments, respectively, on Reliance Capital Ltd.’s non-convertible debentures. However, Reliance had previously defaulted in connection with other missed payments.

So far in 2020, Prospect News has reported 72 defaults, including 49 Chapter 11 bankruptcy filings, 12 missed interest payments, five missed payments, four missed principal payments and one each of missed principal and interest payments and Chapter 7 bankruptcy filings.

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