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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NEW YORK, Jan 29- A bid to take Dell Inc private by buyout firm Silver Lake and its partners underscores the financing market's willingness to lend up to $15 billion to the world's No.3 PC maker-- money that could be used to buy back shares and pay dividends even if the deal doesn't come together.
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*Microsoft may provide up to $3 bln in mezzanine financing- CNBC. SAN FRANCISCO, Jan 22- Microsoft Corp is in discussions to invest between $1 billion and $3 billion of mezzanine financing in a buyout of Dell Inc, CNBC cited unidentified sources as saying on Tuesday. Microsoft and Dell both declined to comment on the CNBC report.
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SAN FRANCISCO, Jan 22- Microsoft Corp is in discussions to invest between $1 billion and $3 billion in a buyout of Dell Inc, CNBC cited unidentified sources as saying on Tuesday. The world's largest software company will provide the capital in the form of mezzanine financing, the business TV outlet reported, a hybrid of debt and equity.
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*SurveyMonkey raising $800 mln in equity and debt financing. SAN FRANCISCO, Jan 17- Online company SurveyMonkey said it aims to raise $800 million in a late-stage venture capital financing, one of the largest such deals in the Internet sector that underscores how many Silicon Valley firms are no longer in a rush to go public.
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SAN FRANCISCO, Jan 17- Online survey company SurveyMonkey has started an $800 million recapitalization that will allow it to cash out early shareholders and investors, the company said on Thursday. SurveyMonkey's financing, first reported by the AllThingsD web site, comprises a $444 million equity component plus a $350 million debt financing.
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BEIRUT, Jan 16- Syria and Iran have agreed a $1 billion credit facility between Commercial Bank of Syria and Export Development Bank of Iran, Syrian state television reported on Wednesday. It also said the two countries had reached agreements on energy transmission and electricity equipment.
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DETROIT, Jan 15- Zhongsheng Group Holdings Ltd, a large Chinese auto dealership group, said consumer financing is fast gaining acceptance in China, which will help boost the market as well as encourage younger buyers to buy more expensive cars. Currently only one fifth of car buyers use financing at Zhongsheng's 160 dealerships, with the rest paying cash.
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*Silver Lake Partners tapped major banks for financing- sources. NEW YORK/ SAN FRANCISCO, Jan 15- Talks to take Dell Inc private are at an advanced stage with at least four major banks lined up to provide financing, two sources with knowledge of the matter told Reuters, propelling shares of the No. 3 computer maker 7 percent higher.
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*Silver Lake Partners tapped major banks for financing- sources. NEW YORK/ SAN FRANCISCO, Jan 15- Talks to take No. 3 computer maker Dell Inc private are in an advanced stage with at least four major banks lined up to provide financing, two sources familiar with the matter told Reuters.
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*Starz has $1.1 bln debt, access to $450 mln more. *Starz is potential acquisition target- analyst. Starz currently has about $1.1 billion of debt and access to a $450 million bank credit facility, the company said in a statement late on Friday.
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*Goldman veteran has ability to work across bank-insiders. Jan 14- In 2004, Harvey Schwartz, who was then head of the financing business at Goldman Sachs Group Inc's investment bank, came up with a new way for the bank to make money from a seemingly mundane activity: helping companies buy back their shares.
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Jan 14- Auto parts maker Lear Corp nearly doubled its share buyback program and launched plans to boost liquidity by $1 billion through a notes offering and a new credit facility. The company increased its share repurchase program by $800 million to $1.5 billion, saying its shares were undervalued.
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CAIRO, Jan 13- Egyptian Prime Minister Hisham Kandil said on Sunday that talks with the International Monetary Fund on a crucial $4.8 billion loan would be back on track "very soon". "Because of the domestic situation we had to postpone that, so we are doing a quick evaluation. We are going to be back on track very soon, "he told a business forum in Cairo.
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ABU DHABI, Jan 9- Sudan has secured a $1.5 billion loan guaranteed by Chinese state oil firm China National Petroleum Corp, it s finance minister said, throwing a lifeline to the African country battling its worst economic crisis for decades.
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CHARLOTTE/ WASHINGTON, Jan 7- Bank of America Corp announced more than $14 billion of legal settlements over bad mortgages it sold to investors and flaws in its foreclosure process, taking the bank a step closer to ending the home loan problems that have dogged it for years.
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*Nigeria won credit ratings upgrades late last year. LAGOS/ GENEVA, Jan 7- Nigerian state oil firm NNPC has obtained a $1.5 billion syndicated loan to help it pay debts to international fuel traders, a senior banking source with knowledge of the deal said on Monday.
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MADRID, Jan 3- Spain's second largest bank BBVA said it had issued 1.5 billion euros in senior bonds on Thursday, the first corporate debt issuance of 2013 as companies struggle to raise funds in nervous markets. The issuance was handled by BBVA, Commerzbank, Goldman Sachs, HSBC and Societe Generale.
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The small drop does not indicate an end to the corporate debt problems that have weighed on UAE banks' earnings over the past several years.
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Dec 13- Best Buy Co Inc shares rose as much as 19 percent on Thursday after the Minneapolis Star Tribune reported that company founder Richard Schulze will make a fully financed offer to take the company private by Saturday this week.
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Dec 13- Best Buy Co Inc shares rose as much as 17 percent on Thursday as it became clearer that company founder Richard Schulze may have firmed up financing to buy out the consumer electronics retailer.