Term Loan Lenders Extend Orchard Supply’s Agreement Date

Orchard Supply Hardware said based on discussions with the company’s term loan holders, the previous date to reach an agreement with respect to a transaction to address the company’s capital structure has been extended to June 30, 2013.

U.S. ABL Facilities Demonstrate Full Recovery in Bankruptcy

According to a new Fitch Ratings report, U.S. asset-based lending facilities present in a defaulted issuer’s capital structure demonstrated complete recoveries in a bankruptcy scenario..