Rachel Butt

Stephen Antinelli, a restructuring veteran at Rothschild & Co., will transition into a senior adviser position, according to people with knowledge of the situation.

Wheels Up Experience Inc. is preparing to cede control to investors including Knighthead Capital Management and Certares Management as part of a new financing deal, according to a statement seen by Bloomberg.

A top Juul Labs Inc. shareholder is demanding e-cigarette maker produce financial documents and settlement agreements as it seeks to raise new financing, saying the company’s reluctance to do so could be “designed to shield evidence of corporate wrongdoing.”

Some Wall Street bond brokers are soliciting interest in a series of rarely traded notes tied to Hawaiian Electric Industries, as market participants assess potential liabilities for the utility following deadly wildfires in Maui, according to people with knowledge of the situation.

California utility PG&E went bankrupt after raking up billions in wildfires liabilities

Welcome to The Brink. It’s Rachel Butt and Reshmi Basu in New York, where we reported on distressed funds zeroing in the Hawaiian utility that could be held responsible for the Maui wildfires. We also have the latest on China’s property crisis and on Christmas Tree Shops’ workers fighting to get a final salary. Follow this link to subscribe. Send us feedback and tips at [email protected] or Tweet/DM to @rachel_butt.

Hawaiian Electric Industries Inc. said it is seeking advice from various experts, including Guggenheim Securities as it takes steps to determine the fallout from the deadly wildfires in Maui.

Hawaiian Electric Industries Inc. said it is seeking advice from various experts, including Guggenheim Securities as it takes steps to determine the fallout from the deadly wildfires in Maui.

Rite Aid Corp. is preparing a Chapter 11 bankruptcy filing to restructure debts including opioid liabilities, according to people with knowledge of the matter.

In March, the Justice Department argued that Rite Aid knowingly filled hundreds of thousands of unlawful prescriptions for controlled substances.