Welcome to The Brink. We’re Jill Shah and Jonathan Randles, reporters in New York, where we looked at the latest court challenge to aggressive debt maneuvers. We also have news on X, Puerto Rico Electric Power Authority and Tullow Oil. Follow this link to subscribe. Send us feedback and tips at debtnews@bloomberg.net.
‘Particularly Egregious’
Disgruntled lenders to STG Logistics sued rival lenders and the company over a debt deal that pushed certain creditors ahead of others, challenging a tactic that’s become frequently used by cash-strapped companies eager to raise funds.
The plaintiffs, Axos Financial and Siemens Financial Services, ...
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