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Published on 4/14/2023 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 four new defaults for April 6-April 12

By Sarah Lizee

Olympia, Wash., April 14 – Prospect News reported four new defaults for April 6 through April 12.

Specifically, Prospect News reported Chapter 11 filings made by National CineMedia, Inc., AmeriMark Interactive, LLC and Pear Therapeutics (US), Inc./Pear Therapeutics, Inc.

Prospect News also reported a Chapter 15 filing by Ocyan SA subsidiary ODN I Perfuracoes Ltda.

So far in 2023, Prospect News has reported 72 defaults, including 49 Chapter 11 filings, eight missed principal and interest payments, seven missed interest payments, three CCAA filings, two Chapter 15 filings, and one each of judicial reorganizations, Chapter 7 filings, and missed interest payments paid within a grace period.

The companies that filed Chapter 11 during the week together reported at least $652.01 million in assets and at least $1.14 billion in liabilities.


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