PR Newswire
NEW YORK, July 27, 2017
NEW YORK, July 27, 2017 /PRNewswire/ -- The second quarter of 2017 made history as the first time a U.S. territory filed for bankruptcy, when Puerto Rico started to restructure its $70 billion in debt, according to The Deal, a business unit of TheStreet, Inc. (NASDAQ: TST).
"The formal start of the restructuring of Puerto Rico's $70 billion in debt dominated the second quarter in the bankruptcy world," said Stephanie Gleason, senior writer at The Deal. "Additionally, we're seeing already that retail will continue to be a major driver of bankruptcy filings through the rest of the year."
The Deal's exclusive ranking covers the top U.S. firms involved in bankruptcy cases filed between January 1 and June 30, 2017.
Some highlights from the report:
The full article is available online, or learn more about The Deal's Bankruptcy League Tables by visiting http://www.thedeal.com/league-tables/bankruptcy/.
About The Deal's Bankruptcy League Tables
The Deal's Bankruptcy League Tables are comprised of advisory assignments on business petitions with liabilities of at least $25 million, filed in U.S. courts, between January 1 and June 30, 2017.
About The Deal
The Deal (www.thedeal.com) provides actionable, intraday coverage of mergers, acquisitions and all other changes in corporate control to institutional investors, private equity, hedge funds and the firms that serve them. The Deal is a business unit of TheStreet, Inc. (NASDAQ: TST, www.t.st), a leading financial news and information provider. Other business units include TheStreet (www.thestreet.com), an unbiased source of business news and market analysis for investors; BoardEx (www.boardex.com), a relationship mapping service of corporate directors and officers; and RateWatch (www.rate-watch.com), which supplies rate and fee data from banks and credit unions across the U.S.
Contact: Jon Kostakopoulos, (212) 321-5561, Jon.Kostakopoulos at thestreet.com
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SOURCE TheStreet, Inc.
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