Credit Corporate Debt

  • The company's shares were up 5.3 percent at $31.58 in premarket trading. Valeant, whose long-term debt stood at about $31 billion as of June 30, had asked lenders in March to amend its credit agreement to give it more time to file its financials. Congress and several U.S. government agencies also opened investigations and the company restated earnings earlier...

  • SHANGHAI, Aug 18- China's state council has approved a 200 billion yuan venture capital fund to invest in innovative technology and industrial upgrading projects, the country's state assets regulator said on Thursday. The fund is financed by China Reform Holdings Corp Ltd, China Postal Savings Bank, China Construction Bank Corp and Shenzhen Investment...

  • Aug 16- Blackstone Group LP has offered a financing plan to help debt-laden U.S. supply chain management company JDA Software Group Inc, giving it an alternative option to selling itself to Honeywell International Inc, people familiar with the matter said. JDA's majority owner, buyout firm New Mountain Capital LLC, now has to decide whether to sell the company...

  • BRIEF-TIOMA THERAPEUTICS REPORTS $86 MILLION SERIES A. Aug 16- Tioma Therapeutics, Inc:. *Series A financing was co-led by Rivervest Venture Partners, Novo Ventures, Roche Venture fund and S.R. One Limited.

  • The company, whose total debt stood at about $8.68 billion as of June 30, said it had commenced tender offers to buy back $500 million of convertible senior notes due 2037 and 2038.. Chesapeake said Goldman Sachs Bank USA, Citigroup Global Markets Inc and MUFG helped arrange the term loan. The company last week announced the sale of its Barnett shale acreage in...

  • NEW YORK, Aug 14- Several of this year's top-performing bond funds are sticking with high-yield "junk" bonds, convinced that a global hunt for returns will keep the speculative-grade U.S. corporate debt on course for its best year since the financial crisis. "There is a lot more room to run for high-yield," said Ford O'Neil, manager of the $25.2 billion Fidelity Total...

  • BEIJING, Aug 12- The International Monetary Fund on Friday said China needed to slow its unsustainable credit growth and stop financing weak firms. "China's corporate debt is still manageable, but at approximately 145 percent of GDP, it is high by any measure," said James Daniel, IMF Mission Chief for China, in the fund's annual review of the country.

  • China Bonds

    Beijing appears willing to let some of the state-owned enterprises and local bond investors take a haircut, says NAB's Mark Todd.

  • DOVER, Del., Aug 10- Embattled investor Lynn Tilton defended herself in a Delaware court on Wednesday against allegations that she had not disclosed the complex holdings of $2.5 billion distressed debt funds that she lost control of this year. However, after one of the three Zohar funds defaulted, Tilton's Patriarch Partners investment firm stepped down as the...

  • DOVER, Del., Aug 10- Embattled investor Lynn Tilton defended herself in a Delaware court on Wednesday against allegations that she had not disclosed the complex holdings of $2.5 billion distressed debt funds that she lost control of this year. However, after one of the three Zohar funds defaulted, Tilton's Patriarch Partners investment firm was removed as the...

  • Tesla first made an offer for SolarCity, which is backed by Tesla founder Elon Musk, on June 21 as part of Musk's ambitious plans for a carbon-free energy and transportation company. Net loss attributable to shareholders more than doubled to $55.5 million, or 56 cents per share, from $22.4 million, or 23 cents per share, as expenses jumped 51 percent.

  • Aug 9- Solar panel installer SolarCity Corp, which recently accepted Tesla Motors Inc's $2.6 billion takeover offer, said it experienced greater-than-usual delays in closing new project financing commitments due to the takeover talks. Tesla first made an offer for SolarCity, which is backed by Tesla founder Elon Musk, on June 21 as part of Musk's ambitious...

  • Aug 9- SolarCity Corp, which recently accepted Tesla Motors Inc's $2.6 billion takeover offer, reported an 80.7 percent rise in quarterly revenue as bookings rose in part due to a redesigned loan offering. The company, backed by Tesla founder Elon Musk, said revenue rose to $185.8 million in the second quarter ended June 30 from $102.8 million a year earlier.

  • Aug 9- SolarCity Corp, which recently accepted Tesla Motors Inc's $2.6 billion takeover offer, reported a 80.7 percent rise in quarterly revenue as bookings rose in part due to a redesigned loan offering. The company, backed by Tesla founder Elon Musk, said revenue rose to $185.8 million in the second quarter ended June 30 from $102.8 million a year earlier.

  • *Q1 net loss Y11.8 bln vs Y461 mln year earlier. TOKYO, Aug 9- Japan Display Inc said its biggest investor, the state-backed Innovation Network Corp of Japan, has pledged full financial support to the Apple Inc supplier as it seeks to replenish capital used up as smartphone sales slowed. "We don't have any financing concerns at the moment, but need to procure sizable...

  • CFO Carrie Dolan is the first high-profile exit after the company's founder and CEO, Renauld Laplanche, was ousted in May following an internal review over loan irregularities.. For the third quarter, the company expects operating revenue to range between $95 million to $105 million, below analysts' current average estimate of $106.1 million, according to...

  • Reporting its first quarterly results since the ouster of the company's founder and CEO Renauld Laplanche in May, LendingClub said net loss widened to $81.4 million, or 21 cents per share, in the second quarter ended June 30, from $4.1 million, or 1 cent per share, a year earlier. Loan originations, a key metric indicating the volume of loans processed by the company,...

  • The dip in ag-tech financing follows 2015' s record-high $4.6 billion investment, according to Ag Funder. "It's an area we're keenly interested in," said Matt Bell, principal of Cultivian Sandbox Ventures, whose investments include Harvest Automation, a company that makes mobile robots for tree nurseries. Headon will spend C $250,000 retrofitting his tractor...

  • Aug 5- Regions Financial Corp said it had agreed with the U.S. Justice Department the amount to be paid to settle an investigation related to mortgage loans. Regions Financial said on Friday that the undisclosed amount would not have material impact on its results or cash flows as it had already set aside money for the settlement. The agreement resolves an...

  • SAN FRANCISCO, Aug 4- Solar Mosaic Inc, the top provider of loans for home solar installations in the U.S., said on Thursday it had raised $220 million in fresh funding to continue growing the rooftop solar loan market. Oakland, California- based Mosaic, founded in 2010, provides financing to homeowners to purchase rooftop solar systems, connecting them with solar...