Tag: bankruptcy

  • Bird’s Chapter 11

    Bird’s Chapter 11

    According to PR Newswire, Bird Global, Inc. has entered into a restructuring support agreement with first- and second-lien lenders, securing unanimous support. Key to this restructuring is a $25 million debtor-in-possession financing from MidCap Financial and existing second-lien lenders. This financing is critical for Bird to maintain its operational commitments during the restructuring phase. Bird’s…

  • WeWork Chapter 11 bankruptcy

    In a striking turn of events, WeWork, once a darling of the corporate real estate world, has filed for Chapter 11 bankruptcy protection in New Jersey. This move, as stated in their recent press release, is limited to their operations in the U.S. and Canada. With liabilities soaring between $10 billion to $50 billion, the…