AMERICAS DISTRESS DAILY: Del Monte Foods Mulls Bankruptcy

Del Monte Foods has been laying the groundwork for a potential Chapter 11 bankruptcy filing in a process that would see creditors take control of the canned-food company, according to people with knowledge of the matter.

In Other News:

• Saks Global Enterprises has reached a $600 million debt deal with a number of its existing lenders that would force some creditors to accept losses and push them back in the repayment priority line.
• New Fortress Energy’s management has approved a plan to support the company’s liquidity position, it said in its delayed first-quarter report.

From Bloomberg Intelligence

• 2H Credit Outlook: ...