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Prospect News reports three new defaults for week of Feb. 22-Feb. 28
By Caroline Salls
Pittsburgh, March 2 – Prospect News reported three new defaults for the week of Feb. 22 through Feb. 28.
Specifically, Prospect News reported Chapter 11 bankruptcy filings made by GreenTech Automotive, Inc. and Firestar Diamond, Inc., as well as Mobylife Holding A/S’ missed interest payment on its senior secured floating-rate notes due May 23, 2018.
So far in 2018, Prospect News has reported 27 defaults, including 15 Chapter 11 bankruptcy filings, three each of bankruptcies and missed interest payments and one each of restructurings, recapitalizations, compulsory liquidations, distressed exchanges, debt-for-equity exchanges and missed principal and interest payments.
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