Restructuring was successfully implemented through a pre-arranged Chapter 11 process in the US Bankruptcy Court
Restructuring significantly deleveraged Altera’s balance sheet by equitizing more than $1 billion in junior debt obligations and facilitated a long term, sustainable positive liquidity outlook
Raised $94mm in capital through an equity rights offering, which will be used to provide liquidity and repay certain credit facilities in full
Altera and Equinor signed a bareboat charter related to the Petrojarl Knarr FPSO, which will generate significant future cash flowsWESTHILL, United Kingdom, Jan. 09, 2023 (GLOBE NEWSWIRE) — Altera Infrastructure LP and certain of its subsidiaries…
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Small Businesses Cite Payment Frictions as a Barrier
Small businesses aiming to expand their eCommerce presence across borders in 2023 may want to keep cross-border frictions top of mind.
Whether domestic or international, payments management is resource-intensive but essential to a business’s stability. Small businesses, startups and leaner organizations seeking to expand their reach beyond domestic confines can thus face difficulties navigating this space. Challenges include ensuring payments are compliant with global regulations and customs, managing multiple currencies and managing accounts payable and receivable. Research has found that navigating cross-border payment complexity is a leading limitation to growth for 27% of small and midsized businesses (SMBs).
One example…
Miami-Dade starts a virtual small business incubator to support local entrepreneurs
Miami-Dade County Major Daniella Levine Cava on Wednesday announced the launch of a virtual small business incubator.
Called Strive305, it’s an online platform designed to provide local entrepreneurs with educational resources. It’s a collaboration between the county and area partners Florida International University’s StartUpFIU, Micro Business Catalyst, BizHack and Femcity.
“I affirm that we are the most creative and innovative place on the planet,” she said of Miami-Dade during a launch ceremony at the county’s main library. “We’re going to have a full library of entrepreneurial resources on demand on any device.”
With Strive305, the intention is to help 70,000…
Charities feel strain from inflation and pandemic
LEXINGTON, Ky. (LEX 18) — After Black Friday, Small Business Saturday and Cyber Monday, non-profits nationwide are hoping that shoppers still have money left to spend to help them.
This year, the phrase “it takes a village” has never been truer to Executive Director of Lighthouse Ministries Tay Henderson.
Lighthouse provides everyday necessities for those in need, such as food, socks, housing shoes, coats and blankets.
While they have managed to continue helping the people they serve daily, Henderson says it has not been easy. Rising costs for food, gas and other goods have stretched their budget thin. Henderson says…
Small Business Saturday Shopping at Addi Lu’s means joining a family
“Small Business Saturday is really one of our most favorite days of the year, we are so grateful and so appreciative,” says Stephanie Stotts, co-owner of Addi Lu’s.“We do glass engraving where we do not put it in a machine and tell a computer what to put it in, I do it all by hand,” says Stotts. “We do wood burning; we can personalize charcuterie boards where instead of putting in a machine, I hand personalize them.”Located in Oakville, Missouri, this trendy shop first started as a casual lunch conversation between Stephanie Stotts, her mother, Linda Finklang and…
Small Business Group Challenges Law Requiring Corporate-Ownership Disclosure
A small business group is suing to block a law that was designed to stop money-laundering by rooting out the use of anonymous shell companies.
The lawsuit was filed Tuesday by the National Small Business Association in the US District Court for the Northern District of Alabama, and argues the shell-company bill is unconstitutional because it infringes on protected rights of state sovereignty, privacy and due process.The Corporate Transparency Act, the law’s formal name, was passed as part of annual defense spending legislation and signed into law last year. It requires companies with 20 or fewer full-time employees and…
Small Business – Cordele Dispatch
NEW YORK, Nov. 11, 2022 /PRNewswire/ —WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Freshworks Inc. (NASDAQ: FRSH) pursuant and/or traceable to the Company’s initial public offering conducted in September 2021 (the “IPO”), of the important January 3, 2022 lead plaintiff deadline.
SO WHAT: If you purchased Freshworks securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the Freshworks class action, go to https://rosenlegal.com/submit-form/?case_id=9546 or call Phillip Kim, Esq. toll-free at 866-767-3653…