Reshmi Basu

Some of Ascend Performance Materials Inc.’s creditors provided fresh financing to the troubled chemicals firm, giving it time to restructure its debt, according to people with knowledge of the matter.

City Brewing Co., which makes alcoholic drinks such as White Claw and Pabst Blue Ribbon, is talking to creditors about inking an out-of-court restructuring with lenders taking control of the company, according to people with knowledge of the matter.

Berkeley Research Group suffered a cyberattack last week, according to people with knowledge of the matter, just as banks have been looking to wrap up a debt sale that would finance the consulting firm’s buyout by TowerBrook Capital Partners.

Telecommunications company Mitel Networks is preparing to file for Chapter 11 bankruptcy protection as soon as next week, according to people familiar with the situation.

Holders of asset-backed bonds issued by a Hooters of America unit are seeking advice on their rights and options as the casual-dining franchise prepares a potential bankruptcy filing in the coming months, according to people with knowledge of the matter.

Welcome to The Brink. I’m Reshmi Basu, a reporter in New York, where I’ve been reporting on the headwinds facing discount retailers. We’re also looking at a missed bond payment by a Chinese car dealer, the latest at WeightWatchers and a downgrade at Altice International. Follow this link to subscribe. Send us feedback and tips at debtnews@bloomberg.net.

Confidential talks between Platinum Equity-backed public relations firm Cision Ltd. and a group of lenders have fallen apart after terms on a new debt deal couldn’t be reached just days away from a credit line repayment deadline.

Executives at Bausch Health Cos Inc are shaking up the company’s team of advisers as part of the latest in a years-long effort to tackle some of its approximately $20 billion dollars of debt and enable a crucial asset sale.

Medical Properties Trust has seen liquidity dry up as its tenants struggled

Joann Inc. is working with advisers to help shore up its balance sheet and ease liquidity pressures, less than a year after the fabric and crafts retailer emerged from bankruptcy, according to people with knowledge of the situation.