Minority senior secured lenders in syndicated deals rely on, among other provisions, the "sacred right" protections contained in the credit ...

Now the telecom company announces that it actually did so. Mitel entered into an agreement with its lenders to optimize its capital structure. And to restructure debt. In 2018, Searchlight Capital ...

Earlier Monday, reports of outages soared to nearly 40,000 over the previous 24 hours. UBS analyst Joseph Spak reduced his first-quarter delivery target to 367,000 vehicles from 437,000. The Big Four ...

Mitel Networks filed for bankruptcy on Monday after continued financial struggles despite a debt deal in 2022, which led to creditor infighting. Mitel, owned by private-equity firm Searchlight ...

Canadian communications technology firm Mitel Networks says it’s seeking protection from creditors in the United States in order to strike US$1.15 billion in debt from its ...

OTTAWA — Canadian communications technology firm Mitel Networks says it’s seeking protection from creditors in the United States in order to strike US$1.15 billion in debt from its balance sheet. The ...

Harvey Silikovitz just wowed Jeopardy! audiences with his stunning win on Monday’s (March 10) game show. He beat eight-day champion Laura Faddah by answering 35 questions correctly and only one ...

To execute the restructuring, Mitel will employ a prepackaged plan and file voluntary petitions seeking debt relief under Chapter 11 of the Bankruptcy Code. Historically, Chapter 11 restructuring ...

Canada’s Mitel Networks has filed for bankruptcy in the US as the telecommunications firm continued to struggle after carrying out debt maneuvers about two years ago. The firm filed for Chapter ...