Jason Industries, Inc. (JASN) News
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Latest JASN News From Around the Web
Below are the latest news stories about Jason Industries Inc that investors may wish to consider to help them evaluate JASN as an investment opportunity.
Jason Industries files for Chapter 11Jason Industries ([[JASN]] -11.3%) files for Chapter 11 bankruptcy, after turnaround efforts that began last year were swept away by COVID-19.Creditors are expected to become the new owners, and shareholders will be wiped out, according to an outline of the restructuring plan.Jason employed 1,900 people in 13 countries as of... |
Jason Industries Commences Solicitation of Prepackaged Plan of Reorganization and Files Chapter 11Jason Industries Commences Solicitation of Prepackaged Plan of Reorganization and Files Chapter 11 |
Jason Industries Files for Bankruptcy After Virus Curbs Sales(Bloomberg) -- Jason Industries Inc., the maker of brushes, polishing buffs and seating for heavy industry, filed for bankruptcy after turnaround efforts that began last year foundered amid the coronavirus pandemic.Creditors of the Milwaukee-based manufacturer are expected to become the new owners as part of the Chapter 11 filing with the U.S. Bankruptcy Court in the Southern District of New York. Shareholders will be wiped out, according to a June 5 outline of the plan.Jason has been working with advisers since August 2019 including Moelis & Co., Kirkland & Ellis and AlixPartners on strategic alternatives. These included looking for a buyer and cutting debt, which totaled more than $400 million earlier this year.But the weak economy weighed on demand from customers and curtailed Jason’... |
Jason Industries reports Q1 resultsJason Industries (JASN): Q1 GAAP EPS of -$0.50.Revenue of $84M (-9.6% Y/Y)Press Release... |
Jason Industries Reports First Quarter 2020 ResultsJason Industries Reports First Quarter 2020 Results |
Jason Industries filing for bankruptcyJason Industries (JASN) is filing for Chapter 11 bankruptcy. The company reached a restructuring support agreement with certain senior secured lenders, intended to deleverage the balance sheet by $250M and keep vendors, suppliers and customers unaffected. It doesn't anticipated that non-U.S. operations (including Europe and Mexico) will be affected by... |
Jason Industries Reaches Agreement to Strengthen Its Balance SheetJason Industries Reaches Agreement to Strengthen Its Balance Sheet |
Jason Industries Provides Update Regarding Strategic Alternatives Process; Executes Forbearance AgreementJason Industries Provides Update Regarding Strategic Alternatives Process; Executes Forbearance Agreement |
Jason Industries reduces salaries for executives and salaried workersMilwaukee-based Jason Industries Inc. approved salary reductions for its executive team and salaried workers in response to the COVID-19 pandemic. |
Edited Transcript of JASN earnings conference call or presentation 3-Mar-20 3:00pm GMTQ4 2019 Jason Industries Inc Earnings Call |