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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BOSTON, April 26- Goldman Sachs has arranged a $1.75 billion financing package for retailer J.C. Penney Co, backed by the department store chain's real estate and other assets, CNBC reported on Friday. Penney shares rose 10.4 percent in late-afternoon trading after the CNBC report. The company could not immediately be reached for comment.
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*Goldman Sachs lines up $1.75 billion financing package for J C Penney Company.
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April 26- Federal Realty Investment Trust:. *On April 22 entered into amendment to credit agreement to increase revolving. credit facility from $400 million to $600 million- SEC filing.
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April 26- Synagro Technologies Inc:. *The court today granted the company authority to access up to $15 million on. *A hearing to consider final approval of full $30 million agreement, provided.
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April 26- Sany Heavy Industry Co Ltd, China's largest construction gear maker, posted a 43.9 percent drop in net profit in the first quarter, due in part to a significant rise in financing costs. Sany, which said on Friday it had made 1.57 billion yuan in the first three months of the year, had seen its earnings drop 34.3 percent in 2012..
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April 26- Peyto Exploration& Development Corp:. *Expanded the company's revolving credit facility from $730 million to $1.0. *Note purchase agreements for $150 million of senior secured notes has been.
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Chris Pucillo, Solus CEO & CIO, explains how his hedge fund is profiting from distressed debt.
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*Tata Sons, the holding company of India's Tata Group, plans to raise at least 3 billion rupees via two separate bond deals. ,India's biggest mortgage lender, plans to raise at least 1.5 billion rupees through 18- month zero coupon bonds that will yield 9.05 percent at maturity.
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TOKYO, April 26- Nomura Holdings Inc said on Friday that Italian prosecutors had effected an order freezing the assets of one of its units in relation to an ongoing legal dispute over a derivatives financing deal with Italian bank Monte Dei Paschi.
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TOKYO, April 26- Nomura Holdings Inc said on Friday that Italian prosecutors had effected an order freezing the assets of one of its units in relation to an ongoing legal dispute over a derivatives financing deal with Italian bank Monte Dei Paschi.
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PRAGUE, April 26- Here are news stories, press reports and events to watch which may affect Czech financial markets on Friday. LONDON- Coal mining firm New World Resources. PRAGUE- International Monetary Fund to organise conference "Financing CESEE's future growth: the evolving role of the banking system".
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TOKYO, April 26- Lenders including Sumitomo Mitsui Banking Corp and Development Bank of Japan. have decided to provide about 130 billion yen in subordinated loans to the electronics company NEC, people familiar with the matter said on Friday.
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TOKYO, April 26- Lenders including Sumitomo Mitsui Banking Corp and Development Bank of Japan. have decided to provide about 130 billion yen in subordinated loans to the electronics company NEC, people familiar with the matter said on Friday.
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April 26- Discovery Metals Ltd:. *Says voluntary suspension is requested pending an announcement by Discovery. Metals in relation to its financing arrangements.
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NEW YORK, April 25- Billionaire investor George Soros reported a 7.9 percent passive stake in J.C. Penney Co. Earlier this month, Penney borrowed $850 million from its $1.85 billion revolving credit facility to help buy inventory and revamp its business strategy.
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April 25- Yangarra Resources Ltd:. *Entered into amended and restated credit facility agreement with Alberta. treasury which will increase credit facility to $50 million.
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DETROIT, April 25- Tesla Motors Inc Chief Executive Elon Musk said the electric carmaker on Friday will make a strategic announcement that according to a spokeswoman revolves around service. On April 2, Tesla announced it would partner with Wells Fargo& Co and U.S. Bank on a financing product to make its pricey electric sedans accessible to more people.
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April 25- JetBlue Airways Corp:. *Says on April 23, 2013 entered into a secured revolving credit facility. *Says credit facility consists of a $350 million revolving credit and letter.
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April 25- Griffin Land& Nurseries Inc:. *Announces closing on new revolving credit agreement. *Closed on a $12.5 million revolving line of credit with webster bank.
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April 25- Carriage Services Inc:. *Amendment increases the revolving credit commitments from $105 million to. $125 million and a decreases the interest rate margin.