World's Largest Producer Of Small Gasoline Engines Files For Bankruptcy Tyler Durden Mon, 07/20/2020 - 22:30 Briggs & Stratton Corporation, the world's largest manufacturer of small gasoline engines with headquarters in Wauwatosa, Wisconsin, filed petitions on Monday morning for a court-supervised voluntary reorganization under Chapter 11, along with plans to sell "all the company's assets" to KPS Capital Partners. The Fortune 1000 manufacturer of gasoline engines was able to secure a $677.5 million in Debtor-In-Possession (DIP) financing to support operations through reorganization efforts. The Company also said it "entered into a definitive stock and asset purchase agreement with KPS." To facilitate the sale process and address its debt obligations, the Company has filed petitions for a court-supervised voluntary reorganization under Chapter 11 of the U.S. Bankruptcy Code. The Company has also obtained $677.5 million in DIP financing, with $265 million committed by KPS and the remaining $412.5 from the Company's existing group of ABL lenders.
NUEVA YORK, 20 de julio de 2020 /PRNewswire/ -- KPS Capital Partners, LP ("KPS") anunció hoy que, a través de una afiliada recién formada, ha alcanzado un acuerdo de compra de activos con Briggs & Stratton Corporation (NYSE: BGG) y varias de sus subsidiarias de propiedad total…
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NOVA YORK, 20 de julho de 2020 /PRNewswire/ -- A KPS Capital Partners, LP ("KPS") anunciou hoje que, através de uma filial recentemente formada, realizou um acordo de aquisição de ativos com a Briggs & Stratton Corporation (NYSE: BGG) e algumas das suas filiais de propriedade integral…
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KPS Capital Partners, a private equity firm, has entered into an agreement to buy the assets of the 112-year-old company for $550 million.
Briggs & Stratton Corp., billed as the world’s largest manufacturer of small gas engines, has filed for bankruptcy protection citing challenges due to the coronavirus pandemic
KPS PARTICIPERA AU FINANCEMENT DU DÉBITEUR EN POSSESSION POUR SOUTENIR LES OPÉRATIONS DE L'ENTREPRISE LA SOCIÉTÉ CONCLUT UN ACCORD DE PRINCIPE AVEC LE SYNDICAT UNITED STEELWORKERS OF AMERICA ELLE OBTIENT UN FINANCEMENT DE SORTIE ENGAGÉ NEW YORK, 20 juillet 2020 /PRNewswire/ -- KPS Capital…
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Briggs & Stratton Corp. has filed for bankruptcy protection and agreed to sell assets to KPS Capital Partners LP as the company has faced declining sales and losses since the onset of the coronavirus pandemic.
Briggs & Stratton Corp. undefined said Monday it has filed for chapter 11 bankruptcy protection and reached an agreement to sell most of its assets to KPS…
Briggs & Stratton skips $6.7 million interest payment, awards $5 million to executives
MILWAUKEE, June 9, 2020 /PRNewswire/ -- Briggs & Stratton Corporation recently announced a new strategic supply agreement with Ingersoll Rand® to power Club Car® vehicles with its Vanguard® Commercial Lithium-Ion Battery Packs. Beginning in July, the Company will power Club Car's new…
LONDON--(BUSINESS WIRE)-- #GlobalPressureWasherMarket--The Global Pressure Washer Market will grow by $ 529.40 mn during 2020-2024
Investors need to pay close attention to Briggs & Stratton (BGG) stock based on the movements in the options market lately.
MILWAUKEE , June 2, 2020 /PRNewswire/ -- Long a leader in smart power management systems for standby generators, Briggs & Stratton Corporation has upgraded its power management offerings with the introduction of the new Amplify Power Management System. "Power management basically takes all of the power created by the generator and assigns priorities to various appliances based on the homeowner's … Full story available on Benzinga.com
MILWAUKEE, May 7, 2020 /PRNewswire/ -- Briggs & Stratton Corporation (NYSE: BGG), a recognized global leader in providing power to get work done, today announced financial results for its third quarter of fiscal 2020, ended March 29, 2020. Fiscal Third Quarter 2020 Highlights: Net sales…
MILWAUKEE, April 16, 2020 /PRNewswire/ -- Reliable electricity at home is more critical than ever to power work, school and daily life for so many around the country. Yet during the upcoming severe weather season, outages are a near certainty and Briggs & Stratton Corporation has a range…
MILWAUKEE, March 31, 2020 /PRNewswire/ -- Briggs & Stratton Corporation (NYSE: BGG) (the company) today announced a business update related to the COVID-19 pandemic. To protect the health, safety and well-being of its employees, customers, channel partners and the public, the company…
MILWAUKEE, Feb. 20, 2020 /PRNewswire/ -- Briggs & Stratton Corporation (NYSE: BGG) has scheduled an investor conference call on Friday, March 6, 2020, at 10:00 a.m. EST to discuss details regarding the previously announced strategic repositioning plan. At that time, the company will also…
BGG earnings call for the period ending December 31, 2019.
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MILWAUKEE, Jan. 30, 2020 /PRNewswire/ -- Briggs & Stratton Corporation (NYSE: BGG), a recognized global leader in providing power to get work done, today announced financial results for its second quarter of fiscal 2020, ended December 29, 2019. Fiscal Second Quarter 2020 Highlights Net…
MILWAUKEE, Jan. 23, 2020 /PRNewswire/ -- Briggs & Stratton is excited to announce it is continuing its relationship with Multiquip to exclusively power its new MQ Whiteman LD6 ride-on trowel. Launching at World of Concrete 2020, the hydrostatic ride-on trowel is spec'd with the Vanguard…
MILWAUKEE, Jan. 10, 2020 /PRNewswire/ -- Briggs & Stratton Corporation (NYSE:BGG) will release its fiscal 2020 second quarter financial results before the market opens on Thursday, January 30, 2020. The Company has scheduled an investor conference call to follow on Thursday, January 30,…
Briggs & Stratton (BGG) saw a big move last session, as its shares jumped nearly 11% on the day, amid huge volumes.
Briggs & Stratton has launched its first 5kWh integrated Vanguard commercial lithium-ion battery system in Europe.
MILWAUKEE, Nov. 13, 2019 /PRNewswire/ -- Briggs & Stratton Corporation was jointly recognized with ARGO® XTV as Electrification Newsmaker of the Year at the inaugural Diesel Progress Awards last month. The award follows the collaboration between Briggs & Stratton's Vanguard® commercial…
MILWAUKEE, Nov. 1, 2019 /PRNewswire/ -- Briggs & Stratton Corporation (NYSE: BGG), a recognized global leader in providing power to get work done, today announced financial results for its first quarter of fiscal 2020, which ended September 29, 2019. Fiscal 2020 first quarter net sales…
BGG earnings call for the period ending June 30, 2019.
Shares of Briggs & Stratton were rocked Thursday to levels last seen in the 1970s, after the maker of gasoline engines and outdoor power equipment…
Briggs & Stratton (BGG) delivered earnings and revenue surprises of -178.26% and -9.82%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
Shares of Briggs & Stratton Corp. plummeted 43% toward a 44-year low in premarket trading Thursday, after the maker of gasoline engines for outdoor power…
Briggs & Stratton (BGG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
BGG earnings call for the period ending March 31, 2019.
Despite a solid end to the week for the stock market, these stocks struggled.
Internal issues and problems beyond its control continue to plague the lawn-equipment specialist.
Briggs & Stratton (BGG) delivered earnings and revenue surprises of -48.48% and 1.54%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?
Briggs & Stratton (BGG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.