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PREIT Commences Process to Implement Prepackaged Plan to Strengthen the Business and Enhance Financial Flexibility

PHILADELPHIA, Nov. 1, 2020 /PRNewswire/ — PREIT (NYSE: PEI[1]), a leading operator of diverse retail and experiential destinations, today announced it has taken the next step to execute its prepackaged financial restructuring plan (the “Prepackaged Plan”) under which the Company will be recapitalized and its debt maturities extended. Consistent with the Company’s previously announced Restructuring Support Agreement (the “RSA”), PREIT...

The Coca-Cola Company Announces Strategic Steps to Reorganize its Business for Future Growth

ATLANTA–(BUSINESS WIRE[1])–The Coca-Cola Company today announced strategic steps to reorganize and better enable the Coca-Cola system to pursue its Beverages for Life strategy, with a portfolio of drinks that are positioned to capture growth in a fast-changing marketplace. The company is building a networked global organization, combining the power of scale with the deep knowledge required to win locally. The...

Press Release: HHS Announces National COVID-19 Testing Implementation Forum

“Today, the U.S. Department of Health and Human Services (HHS) announced a new program to capture feedback between federal officials and the private sector. The National Testing Implementation Forum will bring together representatives from key stakeholder groups to share information and provide input to federal leaders about SARS-CoV-2, the virus that causes COVID-19, testing and diagnostics…” “The members of the...

Governors and Heads of Supervision announce deferral of Basel III implementation to increase operational capacity of banks and supervisors to respond to Covid-19

The Basel Committee’s oversight body, the Group of Central Bank Governors and Heads of Supervision (GHOS), has endorsed a set of measures to provide additional operational capacity for banks and supervisors to respond to the immediate financial stability priorities resulting from the impact of the coronavirus disease (Covid-19) on the global banking system. “It is important that banks and supervisors...