|Bid||0.0000 x 800|
|Ask||0.0000 x 1100|
|Day's Range||0.0281 - 0.0580|
|52 Week Range||0.0260 - 1.5800|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Mar 02, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||0.74|
LSC Communications, Inc. (OTC: LKSDQ) today reported financial results for the second quarter of 2020.
Moody's Investors Service (Moody's) downgraded LSC Communications, Inc.'s (LSC) probability of default rating (PDR) to D-PD from Ca-PD/LD and senior secured revolving credit facility rating to Caa1 from B3. For provisional ratings, this announcement provides certain regulatory disclosures in relation to the provisional rating assigned, and in relation to a definitive rating that may be assigned subsequent to the final issuance of the debt, in each case where the transaction structure and terms have not changed prior to the assignment of the definitive rating in a manner that would have affected the rating.
LSC Communications, Inc. (OTCQX: LKSD) ("LSC" or the "Company") today announced that the Company, along with most of its U.S. subsidiaries, has voluntarily filed for business reorganization under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of New York. The Company’s decision follows a comprehensive evaluation of opportunities to reduce its debt and better position LSC to compete and deliver exceptional products and services to its clients. LSC has sufficient liquidity to continue operating its business safely and efficiently and remains committed to serving its clients with the same high standards of quality and reliability they expect. LSC’s subsidiaries in Mexico and Canada are not included in the court proceedings and will continue to operate in the normal course.