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Credit Corporate Debt

  • EXCLUSIVE-TOSHIBA CORP'S WESTINGHOUSE ELECTRIC CO LLC EVALUATING PROPOSALS FOR BANKRUPTCY FINANCING- SOURCES.

  • LONDON, March 20- Italy has given its final blessing to a 5.2 billion euro loan made in January by bank Intesa SanPaolo to finance the privatisation of a stake in Russia's biggest oil company, after checking to ensure the deal did not breach sanctions. The stake was bought by a consortium made up of Qatar and the oil trading company Glencore, which together provided...

  • San Francisco- based MuleSoft on Friday closed out its first day on Wall Street with shares trading at $23.80, a 40 percent pop that valued the company at nearly $3 billion, about double the valuation it commanded at its last private financing event in 2015.. The offering of 13 million shares was priced at $17 each on Thursday, above the expected range of $14 to $16.

  • WASHINGTON, March 17- Arconic Inc said on Friday it had dropped its request for a $259 million loan from the U.S. Energy Department, a day after the Trump administration proposed killing the program aimed at boosting manufacturing of advanced technology vehicles. In 2015 the Obama administration announced a "conditional commitment" to loan Alcoa Corp the $259...

  • Shares of San Francisco- based MuleSoft opened up 43 percent in its Wall Street debut on Friday, valuing the enterprise software company at more than $3 billion, about double the valuation the company commanded at its last private financing event in 2015.. The offering of 13 million shares was priced at $17 each on Thursday, above the expected range of $14 to $16.

  • Shares of the company, which had 1,552 employees as of Dec. 31, were up about 7 percent at $7.89 in extended trading. GoPro had previously forecast its revenue to be $190 million to $210 million for the quarter ended March 31. "We currently have no need to draw on our credit facility and we expect to be EBITDA positive for full-year 2017," Chief Financial Officer Brian...

  • Shares of the company, which had 1,552 employees as of Dec. 31, were up about 7 percent at $7.89 in extended trading. GoPro had previously forecast its revenue to be $190 million to $210 million in the quarter ended March 31. "We currently have no need to draw on our credit facility and we expect to be EBITDA positive for full-year 2017," Chief Financial Officer Brian...

  • WASHINGTON, March 15- The U.S. Consumer Financial Protection Bureau said on Wednesday that it had ordered Nationstar Mortgage LLC to pay a $1.75 million civil penalty for failing to report accurate mortgage transaction data from 2012 through 2014.. The agency said the penalty for Nationstar, a unit of Nationstar Mortgage Holdings Inc, was the largest to date...

  • A pedestrian walks towards the U.S. Capitol during a nor'easter that blanketed the area with snow and sleet on Tuesday March 14, 2017 in Washington, DC.

    The corporate interest deduction raises more revenue for the federal government than a border adjustment tax would.

  • TOKYO, March 15- Japan's crisis-racked Toshiba Corp has offered shares in its memory chip unit to creditors as collateral to secure debt refinancing, people briefed on the matter said on Wednesday. Creditors have been asked to respond by March 24. Its main banks- Sumitomo Mitsui Banking Corp, Mizuho Bank and Sumitomo Mitsui Trust Bank- said they would give Toshiba...

  • TOKYO, March 15- Japan's Toshiba Corp has offered shares of its memory chip unit as collateral to creditors to secure debt refinancing, sources briefed on the matter said on Wednesday. Toshiba met its creditor banks earlier in the day after it missed the deadline for submitting audited third-quarter earnings for a second time on Tuesday. At the meeting, Toshiba...

  • NEW YORK, March 13- Elliott Management's private equity division was among the firms that provided financing to Vista Equity Partners for its $3.6 billion purchase of Canada's DH Corp, according to people familiar with the matter. Evergreen Coast Capital Corp, the private equity group within Elliott that the hedge fund has expanded in the last year, offered...

  • *China needs to first steady overall debt levels- vice c.bank gov. BEIJING, March 10- China's corporate debt levels are too high but it will take time to bring them down to more manageable levels, the head of the central bank said on Friday, underlining an uphill battle to put the world's second-largest economy on a more sustainable footing. "Non-financial corporate...

  • BEIJING, March 10- China's corporate debt levels are excessively high, the head of its central bank said on Friday, as policymakers in the world's second-largest economy grow increasingly concerned about the risks from a rapid build-up in debt and an overheating housing market. But Zhou stressed that China's efforts to cut debt levels will take time,...

  • *Etisalat missed payment on $1.2 bln loan. ABUJA/ LAGOS, March 9- Nigeria's telecoms regulator and central bank governor intervened on Thursday to try and help Etisalat Nigeria resolve debt restructuring talks with its lenders, after the company missed a payment on a $1.2 billion loan. The Nigerian Communications Commission said in a statement that it was...

  • SAN FRANCISCO, March 8- Grocery delivery service Instacart has raised $400 million in its latest financing round, the startup announced on Wednesday, as investors show more enthusiasm for a business model whose viability has long been in question. The most recent financing round is Instacart's largest and boosts its valuation from $2 billion to $3.4 billion,...

  • SAN FRANCISCO, March 8- Grocery delivery service Instacart has raised $400 million in its latest financing round, the startup announced on Wednesday, as investors have started to show more enthusiasm for a business model whose viability has long been in question. The most recent financing round is the company's largest to date and was led my Sequoia Capital,...

  • LAGOS, March 8- The Nigerian affiliate of Abu Dhabi- listed telecoms company Etisalat is in talks with local banks to renegotiate the terms of a $1.2 billion loan it took out four years ago after missing a payment, a senior executive told Reuters. Ibrahim Dikko, vice president for regulatory affairs at Etisalat Nigeria, said Etisalat missed payments due to an...

  • CARACAS/ HOUSTON/ NEW DELHI, March 8- Venezuela's state-run oil company, PDVSA, has spent at least a decade trying to build business ties and boost shipments to refineries in India, where crowds once welcomed the late socialist leader Hugo Chavez with cries of "Viva!" Venezuela has given up the fight for coveted market share in India because of a combination of...

  • By Shu Zhang and Matthew Miller. BEIJING, March 8- A $1.44 billion restructuring deal at an insolvent coal mining company in eastern Shandong province offers a glimpse into how China is preparing to tackle a corporate debt burden that has ballooned to $17.9 trillion. Loss-making Feicheng Mining Group struck the deal last December with 10 banks, led by...