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Published on 3/13/2020 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 six new defaults for week of March 5-March 11

By Caroline Salls

Pittsburgh, March 13 – Prospect News reported six new defaults for the week of March 5 through March 11.

Specifically, Prospect News reported Chapter 11 bankruptcy filings made by Foresight Energy GP LLC/Foresight Energy LP, Art Van Furniture, LLC, Bluestem Brands, Inc. and Randolph Hospital Inc., a missed principal payment on a Metals Exploration plc facility and a missed principal payment on Lebanon’s 6 3/8% bonds due March 9, 2020.

So far in 2020, Prospect News has reported 56 defaults, including 39 Chapter 11 bankruptcy filings, eight missed interest payments, five missed principal payments, three missed payments and one Chapter 7 bankruptcy filing.


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