AMERICAS DISTRESS DAILY: Mosaic Cos Files for Bankruptcy

Mosaic Cos. filed for bankruptcy with plans to sell its operations after struggling with import problems and rising costs. The flooring seller’s financial troubles were exacerbated by shipping disruptions during the Covid-19 pandemic and tariffs.

In Other News:

• Puerto Rico scrutinizes New Fortress Energy’s financial stability as the company seeks to renew a contract to supply LNG to the island amid concerns over its debt and viability. The island’s energy regulator also canceled a plan to pay a company subsidiary $110 million upfront.
• Tilson Technology Management has received final court approval for financing to support operations during its Chapter 11 ...