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ORIG

Ocean Rig UDW

$0.08

-0.0772 (-47.89%)

16:32
09/20/17
09/20
16:32
09/20/17
16:32

Ocean Rig UDW: Court gives full force and effect to schemes of arrangement

Ocean Rig UDW announced that the United States Bankruptcy Court for the Southern District of New York has issued an order granting comity and giving full force and effect in the United States to the schemes of arrangement of the company and its subsidiaries, Drill Rigs Holdings, Drillships Financing Holding, and Drillships Ocean Ventures recently sanctioned by The Grand Court of the Cayman Islands. The terms of the restructuring approved by the Cayman Court have therefore been given effect and are enforceable in the United States.The Schemes affect only financial indebtedness. Operations will continue unaffected. Trade creditors and vendors will continue to be paid in the ordinary course of business and will not be affected by any of the Schemes. Once the Restructuring Effective Date has occurred, the Scheme Companies will be substantially deleveraged through an exchange of approximately $3.7B principal amount of debt for (i) new equity of the company, (ii) approximately $288M of cash, and (iii) $450M of new secured debt. Terms used but not defined in this announcement shall have the meaning given to them in the Explanatory Statement dated 21 July.

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AJRD

Aerojet Rocketdyne

$34.40

0.51 (1.50%)

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NVS

Novartis

$85.74

-0.42 (-0.49%)

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BA

Boeing

$264.75

5.71 (2.20%)

05:25
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Boeing, Mitsubishi Heavy reach agreement on cost reduction for 787 production »

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BAC

Bank of America

$27.17

0.59 (2.22%)

05:24
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Merrill Lynch fined $45.5M in Britain for not reporting derivative transactions »

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  • 23

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ATHN

athenahealth

$126.04

9.63 (8.27%)

05:18
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athenahealth rating change  »

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TATYY

Tate & Lyle

$33.23

-0.835 (-2.45%)

05:13
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RIO

Rio Tinto

$48.37

0.24 (0.50%)

05:12
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Rio Tinto rating change  »

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MELI

MercadoLibre

$235.73

-0.27 (-0.11%)

05:02
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MercadoLibre analyst commentary  »

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BIIB

Biogen

$338.10

-4.32 (-1.26%)

04:59
10/23/17
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Initiation
Biogen initiated  »

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CELG

Celgene

$121.33

-14.63 (-10.76%)

04:56
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04:56
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Celgene rating change  »

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ASOMY

ASOS

$74.28

1.5 (2.06%)

04:55
10/23/17
10/23
04:55
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04:55
Conference/Events
ASOS management to meet with JPMorgan »

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Breaking General news story  »

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PAY

Verifone

$20.06

0.06 (0.30%)

04:55
10/23/17
10/23
04:55
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04:55
Conference/Events
Verifone management to meet with Jefferies »

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  • 23

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PLUG

Plug Power

$2.70

0.17 (6.72%)

04:55
10/23/17
10/23
04:55
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04:55
Conference/Events
Plug Power to host special shareholder meeting »

Special Shareholder…

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DDAIF

Daimler AG

$80.57

-1.11 (-1.36%)

04:55
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10/23
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Conference/Events
Daimler AG management to meet with JPMorgan »

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  • 23

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Chicago Fed National Activity Index Level to be reported at 08:30 »

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IVC

Invacare

$14.60

0.05 (0.34%)

04:55
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10/23
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Conference/Events
Invacare management to meet with Sidoti »

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  • 23

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ALXN

Alexion

$139.02

-1.44 (-1.03%)

04:54
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  • 23

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BIVV

Bioverativ

$60.22

0.49 (0.82%)

04:52
10/23/17
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Initiation
Bioverativ initiated  »

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  • 27

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TSRO

Tesaro

$116.40

0.89 (0.77%)

04:50
10/23/17
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04:50
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Tesaro rating change  »

Tesaro assumed with a…

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AMAG

Amag Pharmaceuticals

$15.60

-0.45 (-2.80%)

04:48
10/23/17
10/23
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10/23/17
04:48
Initiation
Amag Pharmaceuticals initiated  »

Amag Pharmaceuticals…

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04:15
10/23/17
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General news
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