Ebix files for Chapter 11 bankruptcy protection: report

seekingalpha2023-12-18

Software company Ebix Inc (NASDAQ:EBIX) has reportedly filed for Chapter 11 bankruptcy protection in Northern Texas after defaulting on a $617 million loan. Several subsidiaries of Ebix have also ...

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Several subsidiaries of Ebix have also ...</p>\n\n<a href=\"https://seekingalpha.com/news/4047241-ebix-files-for-chapter-11-bankruptcy-protection-report\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ebix files for Chapter 11 bankruptcy protection: report</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEbix files for Chapter 11 bankruptcy protection: report\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-12-18 18:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4047241-ebix-files-for-chapter-11-bankruptcy-protection-report><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Software company Ebix Inc (NASDAQ:EBIX) has reportedly filed for Chapter 11 bankruptcy protection in Northern Texas after defaulting on a $617 million loan. Several subsidiaries of Ebix have also ...</p>\n\n<a href=\"https://seekingalpha.com/news/4047241-ebix-files-for-chapter-11-bankruptcy-protection-report\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4023","symbol_name":"应用软件","start_time":0,"source_url":"https://seekingalpha.com/news/4047241-ebix-files-for-chapter-11-bankruptcy-protection-report","article_id":"2392969087","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1222846036/image_1222846036.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2392969087","pubTimestamp":1702896578,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Software company Ebix Inc  has reportedly filed for Chapter 11 bankruptcy protection in Northern Texas after defaulting on a $617 million loan. Several subsidiaries of Ebix have also filed for bankruptcy, according to a Dec 17. court filing, Bloomberg News reported, stating that law firm Sidney Austin LLP has been assigned as bankruptcy counsel, while Jefferies LLC will act as the investment banker to the proceedings. As per the report, each subsidiary and advisors will “conduct a fulsome market","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4023":"应用软件"},"translate_title":"Ebix申请第11章破产保护：报告","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EBIX":1},"content_text":"Software company Ebix Inc (NASDAQ:EBIX) has reportedly filed for Chapter 11 bankruptcy protection in Northern Texas after defaulting on a $617 million loan. Several subsidiaries of Ebix have also filed for bankruptcy, according to a Dec 17. court filing, Bloomberg News reported, stating that law firm Sidney Austin LLP has been assigned as bankruptcy counsel, while Jefferies LLC will act as the investment banker to the proceedings. As per the report, each subsidiary and advisors will “conduct a fulsome marketing and sale process” for the assets of the company. The Texas court will hear the case on Dec. 19. Creditors had declared the company in default in September after earlier repayment delays, and have been pushing CEO Robin Raina’s firm to sell off assets, a separate Bloomberg report said.  Ebix Inc (EBIX) shares, which have dropped 74% this year, plunged -47.46% to $2.59 in premarket trade.  More on Ebix  Stocks To Watch: Nvidia, Lowe's, Deere And Best Buy Line Up To Report Ebix In Turmoil: Assessing The Rising Tide Of Challenges (Rating Downgrade) Ebix: An Uncertain Path To Future Growth Ebix delays filing of quarterly report on Form 10-Q Ebix extends repayment date on credit facility with lenders","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2392969087"}