Eliza Ronalds-Hannon

Endless Shrimp proved both popular and costly for the restaurant chain, which fell into bankruptcy in 2024

TCW Group has marked down its equity stake in Red Lobster by roughly 98% since acquiring it via the restaurant’s 2024 bankruptcy, leaving shares held by a private credit fund it oversees now worth less than $1 million, according to a recent regulatory filing.

The famed bond investor criticized his former employer’s valuation methods

Redwood Capital Management is seeking to raise about $1 billion for a fund built to hold illiquid credit investments with long time horizons, as complex debt maneuvers stretch out the path to restructurings.

(Bloomberg) -- Redwood Capital Management is seeking to raise about $1 billion for a fund built to hold illiquid credit investments with long time

Florida’s Brightline high-speed rail project is seeking options to address its debt load that avoid sending the Fortress Investment Group-backed firm into a possible bankruptcy, according to people familiar with the matter.

An Israel-based firm has amassed a sizable stake in the corporate bonds of Florida’s Brightline rail project and is gearing up for workout talks, as the cash-strapped venture struggles under its debt pile.

It’s becoming clearer by the day that Brightline, the struggling Florida private railroad, is shaping up to rank among the biggest municipal-bond restructurings ever, alongside the likes of Puerto Rico and Detroit.

Beckham’s Classic Blue and Nautica’s Voyage were discovered at dozens of unauthorized distributors

Brightline is weighing bankruptcy-loan offers from its largest creditors after the Florida passenger railroad failed to lure a buyer by a self-imposed bidding deadline last month, according to people familiar with the matter.