Daily Archives: May 3, 2017

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Nuverra Environmental Files Chapter 11

Nuverra Environmental Solutions, Inc. (“Nuverra” or the “Company”) (NESC) announced today that the Company and its subsidiaries (collectively, the “Nuverra Parties”) have filed voluntary petitions for reorganization under chapter 11 of the United States Bankruptcy Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”), pursuant to…

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Republic Airways Emerges From Chapter 11

Republic Airways Holdings Inc., the parent of Republic Airline, the world’s largest E-Jet operator and the second-largest regional airline in the United States, announced today that it emerged from its Chapter 11 restructuring effective April 30, 2017. Republic will be closely held by certain unsecured creditors as outlined in its court-approved plan of reorganization. Republic…

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Delphi Auto to Spin-Off Powertrain Unit

GILLINGHAM, England, May 3, 2017 /PRNewswire/ — Delphi Automotive PLC (NYSE: DLPH) today announced its intention to execute a tax-free spin-off of its Powertrain Systems segment into a new, independent publicly traded company (“Powertrain”). Immediately following the transaction, which is expected to be completed by March 2018, Delphi shareholders will own shares of both companies….

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