Oil and gas geosurveying company Ion Geophysical Corporation defaulted on its debt obligations earlier this year and announced forbearance and an amendment extension. The Houston-based company is the latest to fall during a post-COVID-19 energy crisis.
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CreditRiskMonitor® is pleased to announce it has been named to the 2023 OTCQX® Best 50, a ranking of top performing companies traded on the OTCQX Best Market last year.
Canadian metal miner Taseko Mines Limited is quickly losing its luster with persistently weak financials. Can the company dig itself out of debt? We're skeptical.
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.
CEOCFO Magazine recently spent some time with CreditRiskMonitor President & COO, Mike Flum, to learn about our company and the treacherous landscape both credit and procurement risk evaluators are traversing in this age of rising debt, inflation, and interest rates the world over
Trouble Down Under? Metal mining equipment and services operator Boart Longyear Limited filed a Chapter 15 bankruptcy petition to gain recognition of its Scheme of Arrangement proceeding with primary interests in Australia.
Continuing deterioration in operating performance and intense pricing pressure from competitors were tough pills to swallow for generic pharmaceutical manufacturer Lannett Company, Inc., ultimately leading to its bankruptcy.
Highly leveraged Lucira Health, Inc., maker of at-home COVID-19 and flu tests, went bankrupt after pandemic restrictions universally eased and demand for company wares subsequently plummeted.
For the second time in six years, Avaya Holdings Corporation is filing for bankruptcy protection. The multinational tech firm struggled to hit earnings targets in 2022 as it continues to fully convert its business model to the cloud.