US Courts Approve Cinram Sale to Najafi
Cinram International Income Fund announced that the U.S. courts have approved its sale to Najafi Companies.
Archive of posts tagged Cinram International Inc.
Ontario Court Approves Cinram Sale to Najafi
Cinram International Income Fund announced that the Ontario Court of Justice has approved its sale to Najafi Companies.
Moody’s Downgrades Cinram
Moody’s Investors Service announced that it has downgraded the Probability of Default Rating (PDR) for Cinram International to D from Caa3 as a result of its filing for reorganization under the Companies’ Creditors Arrangements Act (CCAA).
Distribution Customer Bails on Cinram
Cinram International Income Fund announced that one of its significant customers is ending its five year distribution relationship with the company.
Cinram Hit By Moody’s Downgrade
Moody’s Investors Service announced that it has downgraded the corporate family rating (CFR) and probability of default ratings (PDR) of Cinram International Inc. to Caa3 from Caa1 and Caa2 respectively. Additionally, Moody’s has lowered Cinram’s speculative grade liquidity rating to SGL-4 (poor) from SGL-3 (adequate) and revised the ratings outlook to negative from stable.
Cinram Fined After Worker Injured
The Ontario Ministry of Labour announced that Cinram International was fined $55,000 for violating the province’s Occupational Health and Safety Act after a worker was injured at the company’s facility in Scarborough.
Cinram Chairman Resigns, Fund Issues Units
Cinram announced that it has issued 373,172,682 fund units, pursuant to the terms of its second lien credit agreement, as well as the resignation of the chairman of its board of trustees.
Universal and Cinram Share Logistics Award
Cinram International announced that one of its clients, Universal Pictures GAS, has received Amazon’s golden pallet award for logistics.
Cinram Rejigs Board of Trustees
Cinram International Income Fund announced that three members of its Board of Trustees have resigned.
Cinram Reports $97.4 Million Loss in Q2 2011
Cinram International Income Fund announced its second quarter 2011 financial results.
Cinram Wins Lender Support
Cinram International Income Fund announced that the majority of its lenders support its proposal to amend certain terms of its senior secured credit agreements.