Corporate Debt
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HOUSTON-- Southwestern Energy has closed on the purchase of about 162,000 acres of land in Pennsylvania. The Marcellus Shale, a massive underground gas reserve stretching from New York across Pennsylvania and West Virginia to Ohio. Southwestern Energy Co., based in Houston, financed the deal with existing debt.
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HOUSTON-- Southwestern Energy has closed on the purchase of about 162,000 acres of land in Pennsylvania. The Marcellus Shale, a massive underground gas reserve stretching from New York across Pennsylvania and West Virginia to Ohio. Southwestern Energy Co., based in Houston, financed the deal with existing debt.
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PROVIDENCE, R.I.-- Payday loan opponents including Treasurer Gina Raimondo urged Rhode Island lawmakers on Wednesday to limit interest rates on short-term loans _ a proposal that payday lenders say could put them out of business. A bill pending before the General Assembly would cap interest rates at 36 percent.
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May 15- Tesla Motors Inc, which posted its first-ever quarterly profit last week, said on Wednesday that it aims to raise $830 million through a stock and debt offering that will be used to repay its U.S. Department of Energy loans with interest.
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China is forecast to surpass the U.S. as the world's largest corporate debt market for non-financial companies in the next two years. The Financial Times reports.
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Verizon Wireless said on Monday it would pay its parents Verizon Communications and Vodafone Group Plc a dividend of $7 billion in June.
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Verizon Wireless said on Monday it would pay its parents Verizon Communications and Vodafone Group Plc a dividend of $7 billion in June.
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Builders FirstSource Inc.' s shares rose Monday after the building supply company said that it is planning a debt refinancing. Builders FirstSource plans to use the proceeds, along with cash on hand, to redeem $139.7 million of floating-rate notes and repay a $225 million loan, which includes a prepayment premium of approximately $39.1 million.
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*Dish may face difficulty securing financing for Sprint bid. May 10- SoftBank Corp has asked investment banks not to finance a rival bid for Sprint Nextel Corp by Dish Network Corp, saying this could hurt the banks' chances of gaining a role in the highly anticipated public offering of Alibaba Group Holding Ltd, according to two people with knowledge of the matter.
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Citi analyst Deborah Weinswig said Friday now that J.C. Penney Co. has a new loan in place, it can address some of its more pressing problems. THE OPINION: J.C. Penney, which has been struggling with years of weak sales and major shifts in management and direction, is expected to report its first-quarter results next week.
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Colin Ellis, senior vice president at Moody's Investors Service, thinks there is no bubble in corporate credit, despite low yields and high prices.
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NEW YORK-- A bankruptcy judge has given American Airlines permission to seek up to $3.25 billion in financing to emerge from Chapter 11 protection. American parent AMR Corp., which is trying to merge with US Airways, would secure the borrowing with takeoff and landing rights and routes between the U.S. and Latin America.
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Walter Investment Management reported a fivefold increase in first-quarter earnings on Thursday, beating analysts' estimates and driving its shares up 5 percent. The Tampa, Fla.- based loan-servicing company posted net income of $27.7 million, or 73 cents per share, in the first three months of the year.
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Pence requested the U.S. Small Business Administration to provide disaster loans for Grant, Howard and Tipton counties because of severe storms and flooding April 17-23. So would those affected by flooding in the contiguous counties of Blackford, Carroll, Cass, Clinton, Delaware, Hamilton, Huntington, Madison, Miami, Wabash and Wells.
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May 7- Air Lease Corp:. *Announces the closing of a 4 year unsecured revolving bank credit facility. for $1.7 billion priced at libor +1.45%.
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*Comerica increases available borrowings under amended credit facilities. *Comerica bank has increased co's credit facility agreements from $8 million. to $10 million* Source text for Eikon* Further company coverage.
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NEW YORK, May 07 Fitch Ratings has assigned a rating of' BB+/ RR1' to US Airways' proposed senior secured term loan facility. The Issuer Default Ratings for US Airways, Inc. and its parent company US Airways Group, Inc. remain unchanged at' B+' with a Positive Outlook.
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May 7- Textainer Group Holdings Ltd:. *Extends and reprices $1.2 billion warehouse financing facility. *Says to extend its current two-year $1.2 billion warehouse securitization.
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May 7- XL Group PLC:. *On may 7, 2013, co's unit entered into a new credit agreement for revolving. credit loans up to $100 million- SEC filing.
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May 7- Information Services Group Inc:. *Information services inc- executed $70 million, five-year credit. *Also retires $1.1 million of convertible loan notes at 43% discount.
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OSLO, May 7- Seadrill Partners LLC says:. *Seadrill Partners LLC acquires the tender rig T15 from rig firm Seadrill. *The total purchase price is $210 million, less approximately $100 million of debt outstanding under the credit facility secured by the T-15. ().