Public company bankruptcies soared in 2020, and filings continue to roll in as fallout from COVID-19. Here are five of the most notable Chapter 11 cases we've seen so far in 2021, and another five companies we feel are in big-time danger.
Here are some high-profile public companies that risk professionals must monitor closely as we reach 2021's midpoint. Credit risk may have receded some in recent months, but the spectres of debt and potential bankruptcy loom larger than ever.
Business at casinos and resorts has picked up following an easing of travel restrictions after COVID-19, yet operators worldwide continue to be tested by steep fixed cost structures and debt-loaded balance sheets.
We have a problem: Houston-based oilfield services company Nine Energy Service, Inc. recently completed a distress exchange and faces headwinds from constrained capital spending among upstream operators.
Trucking industry bellwethers, including UPS, FedEx, and Amazon, continue to enjoy steady delivery volumes and pricing power. Yet their collective lack of forward guidance reflects an industry with uncertainty, particularly for underperforming truckers.
When the soda machine eats your money, you get frustrated. When a machine vendor like Frigoglass S.A. racks up major debt, creditors must adjust fast before the machine gobbles up millions in extended credit, never repaid in full.
Midwestern coal leader Peabody Energy Corporation is feeling the headwinds of a political and economically progressive shift towards cleaner energy sources like wind, solar, and natural gas. The debt pressure Peabody Energy is under won't produce diamonds, but it may lead to bankruptcy.