Northvolt Lenders Line Up PJT for Advice as Cash Crunch Deepens [Financial Post (Toronto, Ontario, Canada)]
PJT Partners Inc. Class A (PJT)
Last pjt partners inc. class a earnings: 4/28 06:50 am
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Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Lenders to Northvolt AB have selected investment bank PJT Partners to help advise on options as a cash crunch deepens at the troubled maker of electric-car batteries, according to people familiar with the matter. While there are no restructuring talks under way, PJT will work alongside law firm Milbank LLP, which was already a lender adviser, the people said, asking not to be named discussing private information. Creditors are preparing for a range of scenarios at the Swedish manufacturer, some of the people said. Northvolt has fallen into crisis in recent months, reversing a rapid rise as Europe's answer to the dominant Chinese car-battery industry. Its biggest investors are Volkswagen AG and Goldman Sachs Group Inc., and the company has expanded beyond Sweden into Germany and Canada. But Northvolt has been beset by operational setbacks in rece
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PJT
News
- Sweden's Northvolt cuts 1,600 jobs amid EV slowdown [Fortune]Fortune
- Northvolt Hires Advisory Firm Teneo to Tackle Cash Crunch [BNN Bloomberg (Canada)]BNN Bloomberg
- Sweden's Northvolt to Cut 20% of Staff Amid Liquidity Crunch [Yahoo! Finance]Yahoo! Finance
- PJT Partners Inc. (PJT) Hit a 52 Week High, Can the Run Continue? [Yahoo! Finance]Yahoo! Finance
- PJT Partners Enters into Agreement to Acquire deNovo PartnersBusiness Wire
PJT
Earnings
- 7/30/24 - Beat
PJT
Sec Filings
- 9/20/24 - Form 4
- 9/20/24 - Form 4
- 9/20/24 - Form 4
- PJT's page on the SEC website