• Skip to main content
  • Skip to primary sidebar
  • Login
  • Register

Publishers Lunch

The Publishing Industry's Daily Essential Read

  • Publishers Marketplace
  • Site Guide
  • Help

LSC Reported to be Shopping Bankruptcy Financing, As Some Workers Have Virus

April 10, 2020
By Michael Cader

As we have reported previously, LSC Communications is expected to file for bankruptcy protection shortly. (According to Bloomberg, they have been working with bankers at Evercore and attorneys at Sullivan & Cromwell.) In the latest indication, earlier this week the WSJ reported on tightening terms in the debtor-in-possession financing market, as lawyers and advisers “say they expect a deluge of debt restructurings and chapter 11 filings due to the massive disruption caused by the novel coronavirus.” DIP financing usually comes with lots of protection and collateral for the lenders, but these uncertain times are “turning what looked like sure bets […]

Login to read full story

Filed Under: Finance, Legal

sidebar

Primary Free Sidebar

Login


Forgot password
Quick Pass users click here to log in
Get Full Access
The publishing industry's essential daily read

Each Publishers Lunch Deluxe subscription includes full access to our searchable multi-year archive of industry news, a nightly email reporting 10 to 50 deal transactions, and our database of industry contacts, scripts, and posting privileges.

Learn More

RSS Automat

  • Rupert Murdoch to Retire from News Corp and Fox Boards September 21, 2023 NYT
  • OpenAI's New DALL-E3 Lets Artists Opt-Out of Future Training; Rejects Request to Mimic the Style of Living Artists September 20, 2023 TechCrunch
  • Another Response to AI-Generated Books: KDP Lowers Limit On Number of Titles You Can Create, "To Help Protect Against Abuse" September 18, 2023 KDP Forum
  • TikTok (and Instagram) Stars Sell Cookbooks September 18, 2023 NYT
  • Actor and UK Harry Potter Audiobook Narrator Stephen Fry Demonstrates How His Voice Was Copied By AI Without Permission September 18, 2023 Deadline
  • Neal Sofman, Legend of Bay Area Independent Booksellers, dies at 75 September 15, 2023 SF Chronicle
  • Major Textbook Publishers Trying Suing Shadow Library LibGen Again September 15, 2023 Torrent Freak
  • Deesha Philyaw Has Seven-Figure Deal with Mariner for "The True Confessions of First Lady Freeman" in 2025 and "Girl, Look" September 14, 2023 AP
  • Copyright Office Doubles Down on Declining to Register Award-Winning Midjourney-Created AI Art September 12, 2023 Copyright Review Board document
  • Sarah Weinman on How Richard Osman Found His Way to Mysteries and Success: "The simple answer is that they are really good" September 12, 2023 Esquire
© 2023 Publishers Lunch. All Rights Reserved.