{"id":28275,"date":"2026-11-13T12:08:08","date_gmt":"2026-11-13T12:08:08","guid":{"rendered":"https:\/\/highyieldandcredit.com\/?page_id=28275"},"modified":"2026-11-13T12:09:24","modified_gmt":"2026-11-13T12:09:24","slug":"daily-news","status":"publish","type":"page","link":"https:\/\/highyieldandcredit.com\/index.php\/daily-news\/","title":{"rendered":"Daily News"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Daily Distressed Update, 13 Nov 2026<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/x.com\/SoutheySecurit1\/status\/2121107378690982296\" target=\"_blank\" rel=\"noopener\">View thread on X<\/a><\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Americas: Braskem&#8217;s board is set to weigh a new creditor proposal ahead of a Nov. 22 deadline for an out-of-court restructuring. Talks hinge on fresh capital versus debt-to-equity conversion. A judicial reorganization remains possible if no deal is reached.<\/li>\n\n\n\n<li>Bankruptcy: Mercer International cut to D by Fitch after its Chapter 11 filing. The plan swaps about $1.1bn of senior notes mainly for common and preferred equity, with noteholders keeping $150m of takeback senior secured notes.<\/li>\n\n\n\n<li>EMEA: Holders of over half of a CHF127.2m, 40-year-old SAS perpetual note say it survived the airline&#8217;s 2022 Chapter 11, which was never recognised in Switzerland. They are moving to enforce, which could complicate Air France-KLM&#8217;s plan to take 60.5%.<\/li>\n\n\n\n<li>EMEA: Tullow says constructive talks continue with Ghana over $196.5m of taxes an ICC arbitration found it owes. Ghana may seek a 100% penalty, which would take the total liability to $393m.<\/li>\n\n\n\n<li>Funds: Canada Pension Plan Investment Board plans to roughly double its hedge fund allocation to about $160bn over the next five to seven years.<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"<p>Daily Distressed Update, 13 Nov 2026 View thread on X Americas: Braskem&#8217;s board is set to weigh a new creditor proposal ahead of a Nov. 22 deadline for an out-of-court restructuring. Talks hinge on fresh&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-28275","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/highyieldandcredit.com\/index.php\/wp-json\/wp\/v2\/pages\/28275","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/highyieldandcredit.com\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/highyieldandcredit.com\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/highyieldandcredit.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/highyieldandcredit.com\/index.php\/wp-json\/wp\/v2\/comments?post=28275"}],"version-history":[{"count":2,"href":"https:\/\/highyieldandcredit.com\/index.php\/wp-json\/wp\/v2\/pages\/28275\/revisions"}],"predecessor-version":[{"id":28277,"href":"https:\/\/highyieldandcredit.com\/index.php\/wp-json\/wp\/v2\/pages\/28275\/revisions\/28277"}],"wp:attachment":[{"href":"https:\/\/highyieldandcredit.com\/index.php\/wp-json\/wp\/v2\/media?parent=28275"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}