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FIJI AIRWAYS: Fiji Government to Guarantee Loans Totaling FJD455MM

Xinhua News Agency reports that the Fijian parliament approved on May 25 the motion for the government to guarantee the Fiji Airways borrowing of FJD455 million (about USD203.2 million). According to Xinhua, Fiji’s Civil Aviation Minister Aiyaz Sayed-Khaiyum said in parliament that this includes domestic borrowings of up to FJD191.1 million and off-shore borrowings of…

UBER TECHNOLOGIES: S&P Rates New Unsecured Notes ‘CCC+’

S&P Global Ratings assigned its ‘CCC+’ issue-level rating with a ‘5′ recovery rating to San Francisco-based transportation-as-a-service provider Uber Technologies Inc.’s new unsecured notes. S&P also rates the company’s existing unsecured debt ‘CCC+’. Uber plans to use the proceeds for general corporate purposes. “Our ‘B-’ issuer credit rating and stable outlook are unchanged. Despite our…

GOODRICH QUALITY: Committee Taps Pachulski Stang, Dundon Advisers

The official committee of unsecured creditors of Goodrich Quality Theaters, Inc. seeks approval from the U.S. Bankruptcy Court for the Western District of Michigan to retain Pachulski Stang Ziehl & Jones LLP as its counsel. The Committee requires Pachulski to: a. assist, advise and represent the Committee in its consultations with the Debtor regarding the…

NORWEGIAN CRUISE LINE: Raises $2.2-Bil After Going Concern Warning

Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) on May 6, 2020, announced it successfully secured over $2 billion of additional liquidity in response to impacts of the COVID-19 global pandemic on the Company and the cruise industry, including the temporary suspension of voyages, and to safeguard against a further downside scenario. The announcement comes a…

HERTZ GLOBAL: Granted Forbearance From Lenders Until May 22

Hertz Global Holdings, Inc. and The Hertz Corporation on May 4, 2020, entered into forbearances and limited waivers with certain of the Company’s corporate lenders and holders of the Company’s asset-backed vehicle debt. The forbearances and waivers provide Hertz with additional time through May 22, 2020 to engage in discussions with its key stakeholders with…