bankruptcy filing

Cyxtera has obtained a commitment for up to US$200 million of debtor-in-possession financing to support ongoing operations.

SINGAPORE (March 22): Triyards Holdings, the 60%-owned subsidiary of beleaguered offshore company Ezra Holdings, says it is in the midst of assessing the potential impact of Ezra’s recent bankruptcy filing on the group – but, at this stage, does not

SINGAPORE (March 21): Maybank Kim Eng Research believes profits for all three of Singapore’s main banks may fall by 3-8% this FY17E, given the estimated $217-748 million of total claims and borrowings to the beleaguered oilfield services firm, Ezra Hold

SINGAPORE (March 20): Default fears are resurfacing in Singapore ahead of a wall of maturing corporate debt, as a U.S. bankruptcy filing of a firm from the city flags lingering pain despite economic recovery.

SINGAPORE (March 20): UOB KayHian says it is keeping to its conservative 2017 earnings forecast for Singapore’s banking sector, which is 6% below consensus estimates for DBS and 7% below consensus estimate for OCBC.