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Our goal is to acquire and restructure smaller distressed companies, a significantly underserved part of the market.
Pink Sheets:FCPR), a leading manufacturer of commercial furniture, today announced that it has reached an agreement in principle with the holders of a majority in principal amount of its Senior Subordinated Notes to restructure the Company.
Fitch Ratings, however, advises investors not to ignore this factor, particularly for lower-rated entities where there is a meaningful chance that the company may need to restructure in order to survive.
AGCO Corporation (NYSE:AG), a worldwide designer, manufacturer and distributor of agricultural equipment, announced today a plan to restructure its European combine manufacturing operations located in Randers, Denmark.