Diamond Sports Group Receives Court Approval of Reorganization Plan [Yahoo! Finance]
Prudential Financial, Inc. (PRU)
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Source: Yahoo! Finance
Expects to Emerge from Chapter 11 in the Coming Weeks Business Poised to Operate Sustainably through Market-Aligned Rights Agreements, Linear and DTC Distribution Framework, and Prominent Third-Party Partnerships SOUTHPORT, Conn., November 14, 2024 BUSINESS WIRE )--Diamond Sports Group ("Diamond") announced today that the United States Bankruptcy Court for the Southern District of Texas (the "Court") approved Diamond's Plan of Reorganization (the "Plan") to emerge from Chapter 11 bankruptcy protection. Diamond expects to complete the restructuring process in the coming weeks, after satisfying customary conditions. Under the terms of the Plan, Diamond will complete a comprehensive balance sheet restructuring that will reduce its debt from almost $9 billion to $200 million. Upon completion of its restructuring, Diamond will be well capitalized with more than $100 million in cash and cash equivalents on its balance sheet. The Plan received nearly unanimous support from Diamond's
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PRU
Earnings
- 10/30/24 - Beat
PRU
Sec Filings
- 11/19/24 - Form 424B2
- 11/18/24 - Form 4
- 11/18/24 - Form 424B2
- PRU's page on the SEC website