Prospect News reports two new defaults for May 25-May 31

By Sarah Lizee

Olympia, Wash., June 2 – Prospect News reported two new defaults for May 25 through May 31.

Specifically, Prospect News reported a Chapter 11 filing from Rialto Bioenergy Facility, LLC (a subsidiary of Anaergia Inc.) and a conciliation from Casino Guichard-Perrachon.

So far in 2023, Prospect News has reported 105 defaults, including 76 Chapter 11 filings, nine missed interest payments, seven missed principal and interest payments, four CCAA filings, two Chapter 15 filings, and one each of judicial reorganizations, Chapter 7 filings, events of default, recapitalizations, liquidations, conciliations, and missed interest payments paid within a grace period.

Rialto Bioenergy reported at least $100 million in assets and at least $100 million in liabilities.

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