Midway Games has admitted it could default on its debts, as Sumner Redstone's move to sell majority stake triggers potential repayments amounting to USD 240 million.
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Midway may default on debts
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Mechel in talks to waive debt covenants
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MMR could force lenders out of market
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Developer may have ended purchase of land for swap
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Bank of America settles some buyback claims
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Continental AG may sell bonds to refinance debt
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Boart Longyear refinances bank debt
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Electronic Arts warns on profits
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Midway ``haemorrhaging cash at an alarming rate''
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Midway Games closing Chicago headquarters
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Freddie Mac to sell $8 billion of debt
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UTStarcom to sell division for about $240 million
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Treasuries head for quarterly loss;
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Lack of policies partly to blame for default
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First Horizon posts loss, hurt by charges
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Agrexco seeks debt settlement
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Orbitz refinances debt with $450 million in term loans