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Published on 1/26/2018 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 one new default for week of Jan. 18 to Jan. 24

By Caroline Salls

Pittsburgh, Jan. 26 – Prospect News reported one new default for the week of Jan. 18 through Jan. 24 in the form of a Chapter 11 bankruptcy filing made by PES Holdings, LLC (Philadelphia Energy Solutions, LLC).

So far in 2018, Prospect News has reported 11 defaults, including five Chapter 11 bankruptcy filings, two bankruptcies and one each of restructurings, recapitalizations, compulsory liquidations and missed principal and interest payments.


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