GO
Loading...

Corporate Debt

More

  • OTTAWA, Sept 29- A little-known Canadian federal agency helped put in place a total of $418 million worth of Cuban deals for a firm headed by Cy Tokmakjian, the businessman jailed for corruption in Havana last week. The total value of CCC's Cuban contracts with the Tokmakjian Group between 1992 and 2011 was C $418 million, said corporation spokeswoman Lina Seto.

  • RadioShack's shares were up 21 percent at 96 cents in morning trading on the New York Stock Exchange. Standard General, which raised its stake in RadioShack to 9.8 percent from 7.08 percent to become the largest shareholder, said its proposals include purchasing the company's loans and other commitments under its credit facility.

  • TORONTO/ CHICAGO, Sept 25- The turnaround specialist who had signed on to run Sears Holdings Corp's Canadian business is resigning for personal reasons, the struggling U.S. retailer said on Thursday, the same day a major shareholder said it was no longer interested in contributing to a loan.

  • this week finding that Arab Bank Plc provided material support to Hamas could cause banks to cut ties to foreign banks and customers and make it even harder to monitor the financing of militant networks, banking industry representatives said.

  • DETROIT, Sept 24- The U.S. Treasury last year permitted top executives at General Motors Co and Ally Financial Inc to collect "excessive pay" while those companies were part of a taxpayer-funded government loan program, a special inspector general reported on Wednesday. In April, Treasury said it lost $11.2 billion on the $49.5- billion GM bailout.

  • NEW YORK, Sept 22- The leader of a Manhattan- based non-profit that tries to put pressure on Iran by publicly criticizing people and firms who do business there announced on Monday he is launching a new non-profit devoted to tracking terrorist financing.

  • SOCHI, Russia, Sept 22- Promsvyazbank, one of Russia's largest private banks, sees its corporate loan book growing by around 30 percent this year on demand from large companies which cannot tap Western markets due to sanctions, its CEO said.

  • Sept 19- For-profit college operator ITT Educational Services Inc disclosed on Friday that it may face civil charges by the U.S. securities regulator following investigations related to two private education loan programs for its students.

  • Sept 19- For-profit college operator ITT Educational Services Inc disclosed on Friday that it may face civil charges by the U.S. securities regulator following investigations related to two private education loan programs for its students.

  • *Banks to pay back 20 bln euros of old crisis loans to ECB. FRANKFURT, Sept 19- European Central Bank plans to bolster lending to business were dealt another setback on Friday after banks decided to repay billions of euros of cheap ECB credit, sapping money available to lend to business.

  • NEW YORK, Sept 18- Arab Bank Plc never provided material support for the Palestinian group Hamas, a lawyer for the bank told jurors on Thursday during closing arguments at the bank's civil trial on charges of financing terrorism.

  • SINGAPORE/ HONG KONG, Sept 19- Nomura Holdings Inc and co-lenders spent nine months poring over the books, sizing up management and even checking out the factory floor at China's Ultrasonic AG before deciding in August to give the Frankfurt- listed shoemaker a $60 million unsecured credit facility.

  • NEW YORK, Sept 18- A lawyer for Arab Bank Plc urged U.S. jurors to find that it never provided material support for the Palestinian group Hamas, as closing arguments began on Thursday in a closely-watched terrorism financing trial.

  • PARIS, Sept 18- French cancer immunotherapy specialist OSE Pharma has registered with market regulator AMF for an initial public offering aimed at financing late-stage trials of its Texopi drug for the most common form of lung cancer, the company said on Thursday.

  • Endo offers to buy Auxilium Pharma for about $2.2 bln Tuesday, 16 Sep 2014 | 5:01 PM ET

    Sept 16- Endo International Plc offered to acquire Auxilium Pharmaceuticals Inc for about $2.2 billion in cash and stock. The offer of $28.10 per share represents a premium of 30.6 percent to Auxilium's Tuesday closing price of $21.52 on the Nasdaq. Endo said it intends to fund the transaction through cash on hand and debt financing.

  • Sept 15- Cognizant Technology Solutions Corp said it would buy privately held healthcare IT services provider TriZetto Corp for $2.7 billion in cash. Cognizant said the deal would immediately add to adjusted profit. Cognizant said it would fund the deal through a combination of cash and debt and had secured $1 billion in financing.

  • RadioShack mulls financing from banks: Report Friday, 12 Sep 2014 | 6:40 PM ET

    RadioShack is evaluating a $585 million financing package led by UBS AG and hedge fund Standard General LP it tries to avert bankruptcy.

  • Sept 12- RadioShack Corp is evaluating a $585 million financing package led by UBS AG and hedge fund Standard General LP as the U.S. electronics retailer tries to avert bankruptcy, the Wall Street Journal reported, citing people familiar with the matter.

  • WASHINGTON, Sept 11- A top Boeing Co executive on Thursday showed no concern that rival Airbus could receive U.S. Export-Import Bank financing for its U.S-manufactured jetliners if it met qualifications.

  • NEW YORK/ WASHINGTON, Sept 11- Wilmington Trust Co, now part of M&T Bank Corp, will pay $18.5 million to settle charges that it underreported the amount of construction loans that were not being repaid after the financial crisis, the U.S. Securities and Exchange Commission said on Thursday.