Dish Network filed for Chapter 11 with $14 billion in debt after a delayed asset sale disrupted debt repayment, Spirit Airlines advanced a $630 million stalking horse bid for 27 aircraft, while Puerto Rico's oversight board proposed a $3 billion bankruptcy settlement. A Texas judge approved the $40 million sale of a Texas A&M-affiliated data center and allowed Camp Mystic to pay employee wages.
Senior lenders strong-armed a company that provides healthcare related to hormone replacement, using a default notice to make it pay high interest and driving it into Chapter 11 with $146 million in debt, per the debtor's bankruptcy filings.
Failed restructuring negotiations with shipowners forced Italian Sea Group to seek court protection, with the Italian luxury yacht maker launching a court-supervised restructuring process in its home country as the business grapples with its net financial debt of roughly $204 million.