• Twitter
  • Facebook
  • Instagram
  • Subscribe
  • Free Newsletter
  • My Account
Tyrepress
  • 0Shopping Cart
  • NewsNews
    • Latest News
    • Company News
    • UK News
    • Product News
    • International News
    • Retreading
    • Career Tracks
    • Motorsport
    • Video
    • Tyrepress Videos
  • Data
    • Leading Tyre Manufacturers
    • Leading Retailers (UK)
    • Social Media Ranking
    • Online Branding
    • Brand Finance rankings
    • Blue Light Fleet Analysis
    • Astutus Research analysis
    • Beyond Covid-19 Tire Market Forecasts
  • Features
    • Goodyear to buy Cooper – special supplement
    • TPMS and Sensor Technology 2021
    • Tyre Industry Conference 2020
    • Online Tyre Business 2020
    • Kick-starting your business webinar May 2020
  • Business Directory
    • Browse Entries
    • List Your Company on the Business Directory
  • Jobs
    • Situations vacant
    • Career Tracks
  • Classifieds
  • Magazine
    • Latest Issue
    • Read Tyres & Accessories Magazine online
    • Tyres & Accessories Magazine Archive
  • Shop
    • Subscription Shop
    • Report Shop
    • Directory Shop
  • About
    • Company Profile
    • Media Information
    • Frequently Asked Questions (FAQs)
    • Legal
    • Contact Us
  • Search
  • Menu
You are here: Home1 / debt

Posts

Nynas reorganisation closed

Company News, International News
Nynas

Nynas has settled payments to trade creditors with claims remaining, after receiving an initial payment of 100,000 Swedish krone each following the completion of Nynas’s company reorganisation in January 2021. According to a statement published by the speciality oil refiner and supplier on 19 January 2021, those actions are “in accordance with the composition agreement between all creditors and as decided by the District Court of Södertörn”.

The rest of this article is for subscribers only:
Log inSubscribe

Related news:

  1. Nynas exits reorganisation
  2. Bitumina becomes Nynas’ largest shareholder
  3. Nynas changes hands again
  4. Nynas enters restructuring process
19th January 2022/by Chris

Goodyear launches private offering to raise funds for Cooper Tire acquisition

Company News, International News

The Goodyear Tire & Rubber Company commenced a private offering of US$1.45 billion aggregate principal amount of 8- and 10-year senior notes on 13 May 2021.

Read more

Related news:

  1. Goodyear set to buy Cooper Tire for US$2.5 billion
  2. Cooper shareholders approve Goodyear merger
  3. Goodyear to regain number 3 global PCLT tyre volumes ranking – Astutus Research
  4. Bumpy roads and leveraged buy-outs – reflections on the Goodyear/Cooper Tire integration
13th May 2021/by Chris

Fintyre initiates debt restructuring programme

Company News, International News
The first months of 2020 marked a difficult time for the company, which worsened due to the Covid-19 pandemicFintyre

On 15 June 2020 Italian tyre distributor Fintyre filed an application for admission into a debt restructuring arrangement with creditors to preserve “business continuity and better safeguard the interests of its creditors and of all the subjects who, for various reasons, have relationships with Fintyre”, according to our Italian group publication PneusNews.it. Related businesses Franco Gomme and Tire Retail (Pneusmarket) are not part of the arrangement.

Read more

Related news:

  1. ‘Only efficiency will save tyre distributors’ – Top 5 European tyre wholesaler Fintyre
  2. European FinTyre Distribution buys Reifen Krieg
  3. Fintyre to open London head office
  4. Restructuring announced as Fintyre Group misses January wages
18th June 2020/by Chris

Pirelli subscribes to 800 million euro ‘sustainable’ credit line

Company News

Pirelli has subscribed to a new 800 million euro line of credit financing with a number of leading Italian and international banks. This line of credit has a five-year maturity and is entirely sustainable, in accordance with Pirelli’s economic and environmental sustainability targets.

Read more

Related news:

  1. Pirelli underwrites new revolving and term loan multicurrency facility
  2. Pirelli closes 525 million euro schuldschein financing
  3. Pirelli hosts Volvo customer track day at Goodwood
  4. Tyre Industry Awards 2015: Winners
1st April 2020/by Stephen

Moody’s downgrades American Tire Distributors

Company News, International News

On 5 September Moody’s Investors Service downgraded its Probability of Default Rating and senior subordinated notes rating for American Tire Distributors, Inc., to Ca-PD (from Caa3-PD) and C (from Caa3) respectively, following the company’s proposed debt-for-equity exchange offer to holders of the rated notes. All other ratings, including the company’s Caa2 Corporate Family Rating and Caa1 senior secured bank debt (term loan) rating remain under review for downgrade.

Read more

Related news:

  1. ATD chief Berry to retire
  2. Moody’s: US auto parts tariffs credit negative for suppliers
  3. ATD enter bankruptcy proceedings
  4. Will Amazon buy ATD?
11th September 2018/by Chris

Pirelli closes 525 million euro schuldschein financing

Company News

Yesterday, Pirelli & C. closed a ‘Schuldschein’ financing – guaranteed by Pirelli Tyre – for a total of 525 million euros. The financing, granted by primary market participants, consists of one 82-million-euro tranche with a three-year maturity, one of 423 million euros with a five-year maturity and one of 20 million euro with a seven-year maturity.

Read more

Related news:

  1. Pirelli underwrites new revolving and term loan multicurrency facility
  2. Pirelli subscribes to 800 million euro ‘sustainable’ credit line
  3. Paolo Ferrari appointed Pirelli Latam CEO
  4. Pirelli/ChemChina deal, the story so far
27th July 2018/by Stephen

Doublestar back in pole-position for Kumho purchase

Company News, International News

Having previously been ruled out of the running to buy Kumho Tire, Qingdao, China-based manufacturer Doublestar Tire is once again in pole-position to buy the South Korean tyremaker. “Doublestar Tire is the best option in view of a fast restoration of Kumho Tire and its corporation in China and the minimization of our losses”, Kumho’s creditors said in a widely reported statement.

Read more

Related news:

  1. Doublestar the only bidder left to buy Kumho
  2. Acquisition ugliness: Kumho Tire execs threaten mass resignation
  3. Kumho Tire proposal ‘tentatively’ accepted
  4. Why Doublestar’s Kumho purchase is a good idea
5th March 2018/by Chris

RMI Bodyshops debt recovery hits £100k

News, UK News

As part of its ongoing challenge for bodyshops to treated fairly, RMI Bodyshops (NAB & VBRA), the UK’s leading trade association for the vehicle body repair sector, has reached a milestone in its debt recovery service.

The association, which provides a variety of services designed to provide support to its members and allows them to focus on the day-to-day running of their business, has now recouped over £100,000 so far this year on behalf of members – without any commissions being deducted.

Read more

Related news:

  1. RMI Bodyshops recovers aged debts for members
  2. RMI Bodyshops investigates ‘potentially serious breaches of confidentiality’
  3. CMA car insurance recommendations ‘do not address issues’ – RMI Bodyshops
  4. RMI backs TPMS rule change
25th August 2016/by Tyrepress Editors

RMI Bodyshops recovers aged debts for members

UK News

“RMI Bodyshops (NAB & VBRA) is delighted to announce that less than six months into the year, our debt recovery service has collected over £70,000 of aged debt for NAB & VBRA members with no commission charges,” comments Frank Harvey, head of bodyshop operations.

Read more

Related news:

  1. RMI Bodyshops debt recovery hits £100k
  2. RMI calls for apprenticeship funding review
  3. RMI Bodyshops ‘disappointed’ over whiplash delay
  4. RMI Bodyshops debt recovery tops £150k
31st May 2016/by Andrew

Pirelli underwrites new revolving and term loan multicurrency facility

Company News

On 9 January, Pirelli signed a new revolving and term loan multicurrency facility worth a total of €1.0 billion and with a maturity of five years. The facility replaces an existing €1.2 billion revolving line of credit that is due to expire in November 2015 and which, as a consequence, will be cancelled in advance. The new revolving credit line totals €800 million while the Term Loan amounts to €200 million, with an amortisation structure which reflects the Pirelli Group’s cash flow generation and deleveraging trends.

Read more

Related news:

  1. Pirelli closes 525 million euro schuldschein financing
  2. Pirelli subscribes to 800 million euro ‘sustainable’ credit line
  3. Pirelli profits up after increasing premium segment activities in 2014
  4. ChemChina to acquire Swiss agribusiness firm for US$43 billion
12th January 2015/by Tyrepress Editors

Kumho Tire exits debt programme

Company News, International News

On 23 December, Kumho Tire emerged from the debt workout programme it was placed under at the start of 2010. More than 75 per cent of the company’s creditors, in terms of debt held, decided that Kumho Tire had reached the threshold for ‘graduating’ from the programme. The tyre maker’s debt ratio, which hit a high of 858 per cent in 2010, declined to 290 per cent during the first half of 2014. Its credit rating also improved from BBB- to BBB.

Read more

Related news:

  1. Doublestar back in pole-position for Kumho purchase
  2. Giti enters the top 10 of leading tyre manufacturers
  3. 2015 tyre manufacturer rankings: Stability at the top?
  4. Football: Kumho Tire’s Schalke 04 sponsorship extended
6th January 2015/by Tyrepress Editors
© 2020 - Tyrepress
  • Twitter
  • Facebook
  • Instagram
  • WhatTyre
  • Reifenpresse
  • PneusNews
Scroll to top