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Corporate Debt

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  • July 8- American Apparel Inc has contested a claim made by lender Lion Capital that it has defaulted on a $9.9 million loan, according to a company filing on Tuesday. Lion Capital, a British investment firm, said it had the right to recall the loan when American Apparel's management changed.

  • July 8- Struggling retailer American Apparel Inc said it received a notice of default from Lion Capital, one of its lenders, following its failure to repay a $10 million loan. Lion Capital had asked American Apparel last month to repay the loan four years early after the retailer ousted its founder and CEO Dov Charney on June 18.

  • Is shadow banking set to take off globally? Tuesday, 8 Jul 2014 | 12:30 AM ET

    Shadow banking gets tagged as a China risk, but it may be rising globally as low interest rates spur yield chasing and tougher rules constrain banks.

  • American Apparel in talks to pay off loan: Report Monday, 7 Jul 2014 | 6:20 AM ET
    An American Apparel store on June 19, 2014 in New York City.

    American Apparel is in talks with Standard General to secure funding and replace its board except for two co-chairmen, according to the WSJ.

  • NEW YORK, July 6- American Apparel Inc is in talks with Standard General, the New York- based hedge fund that controls 43 percent of the company's stock, to secure funding that would let the retailer pay off a $10 million loan and replace its board except for two co-chairmen, the Wall Street Journal reported on Sunday.

  • SHANGHAI, July 2- A Chinese bank is suing a local government-controlled property investment firm over a bad loan, in a rare public display of a deepening rift between lenders and borrowers in China's murky $3 trillion local debt market.

  • DOHA, July 1- Saudi Arabian Mining Co has signed a $5 billion financing deal with commercial banks and a state-owned investment fund to back its $7.5 billion phosphate production project in the kingdom, it said in a statement on Tuesday.

  • Puerto Rico debt slumps on downgrades, new law Friday, 27 Jun 2014 | 4:57 PM ET
    Signs of economic depression are visible in the Condado neighborhood of San Juan, Puerto Rico.

    Puerto Rico public corporation debt slumped after a new law that allows agencies to restructure their debts sparked fears of an imminent default.

  • *Project to overhaul Belgrade waterfront to cost 3 bln euros. *Dubai- based construction firm Eagle Hills to provide financing. BELGRADE, June 27- Serbia unveiled plans on Friday to redevelop the Belgrade waterfront, aiming to make the capital a tourism and business hub, in a controversial 3 billion euro scheme that will be funded by Gulf Arab cash.

  • SHANGHAI/ BEIJING, June 27- China's Shanxi Coal International Energy Group said it was suing the company at the center of the alleged metals financing fraud at Qingdao port and its parent for over $177 million in missed payments the two had guaranteed, a move that suggests the scandal is starting to affect other sectors in China.

  • Why Australia shares may be poised to rally Thursday, 26 Jun 2014 | 6:54 PM ET

    Despite a plethora of headwinds, Australia shares may be poised for a rally, as analysts expect more companies to pursue acquisitions.

  • SHANGHAI/ HONG KONG/ SYDNEY, June 26- A warehouse fraud at China's third-largest port has forced banks and trading houses to consider new controls in the country's massive commodity financing business, which traders say could lead to drying up of credit for all but large firms and state-owned companies.

  • June 26- Lennar Corp, the second-largest U.S. homebuilder, reported a better-than-expected quarterly profit as it sold more homes at higher prices. Lennar's average selling price rose 14 percent in the quarter amid tighter supply of homes. Lennar's profit was weighed down by losses in its real estate financing business and multi-family home business.

  • TOKYO, June 26- Caesars Entertainment Corp will likely agree to a debt restructuring with bondholders within a year and should have no problem financing a foray into the Japanese market, the debt-strapped casino operator's chief executive said on Thursday.

  • China’s risky borrowers really getting a better deal? Wednesday, 25 Jun 2014 | 7:04 PM ET

    China shadow banks have lower lending rates than traditional banks, China Beige Book data show, but it may not signal a hiccup in efforts to curb the sector.

  • SHANGHAI/ HONG KONG/ SYDNEY, June 26- A warehouse fraud at China's third-largest port has forced banks and trading houses to consider new controls in the country's massive commodity financing business, which traders say could lead to drying up of credit for all but large firms and state-owned companies.

  • The debt package exceeds $40 billion and includes a bridge loan of roughly $20 billion from Japan's Softbank Corp to Sprint, as well as some $20 billion refinancing of T-Mobile's existing debt, the people said this week.

  • June 19- Corinthian Colleges Inc, a U.S. for-profit education provider, said it may not be able to continue as a going concern after the Department of Education delayed some reimbursements related to a student loan program.

  • SHANGHAI/ SYDNEY, June 18- China's CITIC Resources Holding Ltd said on Wednesday a court has been unable to secure more than 100,000 tonnes of alumina stored at Qingdao port, deepening fears that firms exposed to a metals financing scam at the port could face big losses.

  • SHANGHAI, June 18- Chinese commodities trader CITIC Resources Holding Ltd said on Wednesday that more than 100,000 tonnes of alumina stored at Qingdao port was missing, deepening fears that firms exposed to a metals financing scam at the port could face big losses.