• 11/30/2024

Bondholders Target Slot Machine Operator’s Dividends As Chapter 11 Begins

Wall Street Journal

Slot machine operator Lucky Bucks is facing an early challenge to its chapter 11 case from junior bondholders after the closely held business proposed a restructuring that recoups a small fraction of more than $440 million in debt-funded dividends paid to shareholders in recent years.

https://www.wsj.com/articles/bondholders-target-slot-machine-operators-dividends-as-chapter-11-begins-f6312c00