The Columbia Gas System, Inc., and its principal pipeline subsidiary, Columbia Gas Transmission Corp. (CGT) have filed separate reorganization plans with the U.S. Bankruptcy Court for the District...
Why Aren't Distressed Assets Selling
places extreme pressure on owners and lenders, but even insufficient equity returns cause equity value deterioration, contributing to financial distress over the longer term. This, in turn, lowers asset values, setting the stage for their acquisition or refinance at lower effective capital cost recovery levels.
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