☰ Sections Got a tip? Search

Cranberry Journal

Wednesday, November 11, 2026

Also in this edition
Markets
  • S&P 5007,582.49+0.82%
  • Nasdaq25,383.54+1.27%
  • Dow52,202.78−0.06%
  • 10-yr yield5.00%+0.30%
  • Crude$87.34+1.51%
At the close · Nov 11

Chapter 11

Tagged stories

A pulp mill with a red and white striped chimney, a green and grey boiler house and long conveyor galleries beyond a roadside field, under a cloudy blue sky.
Business

How Mercer International Plans to Cut Its Debt From $1.64 Billion to About $700 Million in 52 Days of Chapter 11

Mercer International, the pulp and lumber maker with mills in Germany, Canada and the United States, filed a prepackaged Chapter 11 case in Houston on 9 November 2026. Its plan swaps about $1.1 billion of bonds for shares and cuts funded debt from about $1.64 billion to about $700 million. Holders of about 88 per cent of its notes support it, and it aims to emerge by 31 December.

By Thomas Gutierrez  

Empty dark leather booths and tables set for service in a restaurant dining room lined with large potted plants and pendant lamps.
Business

True Food Kitchen Raised $100 Million in 2022. It Entered Bankruptcy With Two Weeks of Cash.

True Food Kitchen, the health-food restaurant chain backed by Oprah Winfrey, filed for Chapter 11 on Sunday and closed 12 of its 46 restaurants. It had about $1.6 million of unrestricted cash, enough for roughly two weeks, and $42.1 million of funded debt, including merchant cash advances. The investor that led its $100 million round in 2022 is now lending it $20 million to stay open while it looks for a buyer.

By Thomas Gutierrez