Author: Joshua Mann

If the court upholds the default, Transocean potentially could be pushed into bankruptcy.

The company plans to sell all its assets through the bankruptcy process.

LyondellBasell might record a reduction in value on its Houston refinery in the third quarter.

The company has already reached a deal exiting the midstream business, and it is working on agreements to exit the upstream as well.

The company originally tried to sell the venture in 2019 but did not manage to do so.

The local school district has agreed to limit the taxable value of the project.

The company will turn its ownership over to creditors as part of its restructuring.

The company had cut executive salaries between 10% and 20% earlier this year, but the cuts ended a few months ahead of schedule.

The company will turn over all its equity interest to noteholders in exchange for debt forgiveness.

The trust’s stock price has fallen too low.