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At car dealers across the United States, loans to subprime borrowers are surging — up 18 percent in 2012 from a year earlier, to 6.6 million borrowers. And it's the Federal Reserve that's made it all possible.
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At car dealers across the United States, loans to subprime borrowers are surging — up 18 percent in 2012 from a year earlier, to 6.6 million borrowers. And it's the Federal Reserve that's made it all possible.
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OKLAHOMA CITY-- Continental Resources Inc. said Tuesday that it plans to sell $1 billion of new senior notes in a private offering. The Oklahoma City- based oil and gas producer said it plans to use the net proceeds from the offering to repay some of the debt under its revolving credit facility and for general corporate purposes.
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Student-loan defaults surged in the first three months of 2013 and efforts to collect are faltering as the system buckles under the massive load of debt.
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*Entered into an amendment to its five-year, $300 million second amended and. *Says amendment increases the availability under the second amended and. restated credit agreement to $500 million- SEC filing.
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March 27- Align Technology Inc:. *On March 22, co entered into a credit agreement that provides for $50 million. revolving credit facility- SEC filing.
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*On March 25 entered into an unsecured, discretionary line of credit with pnc. bank for $100 million- SEC filing. *Source text for Eikon* Further company coverage ().
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March 27- Edwards Group Ltd:. *Credit facility comprise a $560 million term loan and a $90 million revolver. facility* Source text for Eikon.
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FRANKFURT, March 27- German family-controlled drugmaker Merck KGaA said it replaced a 2 billion euro syndicated loan facility to secure long-term funding. The loan, underwritten by a group of international banks, runs for five years with extension options for seven years.
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March 27- CECO Environmental Corp:. *On March 22, co entered into a first amendment to amended and restated credit. *The amendment increases maximum line of credit from $20 million to $25.
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BRIEF-Supervalu says entered into amended and restated 5-year revolving credit facility - SEC filing
revolving credit facility- SEC filing.
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NEW YORK, March 26 Fitch Ratings has assigned initial credit ratings to Forest City Enterprises, Inc. as follows:. --Bank revolving credit facility' BB-';. FCE's leverage was high at 11.9 x for the nine months ended Oct. 31, 2012.
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LONDON, March 26- Telecom Italia has successfully closed syndication of its 3 billion euro forward start loan, which will extend part of an existing syndicated loan when it matures in August 2014, the company confirmed on Tuesday. Telecom Italia will pay less on the new loan than it does on its 4 billion euro forward start that signed in May 2012.
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March 26- Orbitz Worldwide Inc:. *Says secures new $450 million senior secured term loans and $65 million. revolving credit facility* Source text for Eikon.
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March 25- Ascent Capital Group Inc:. *Ascent Capital Group's subsidiary, Monitronics International, completes repricing of credit facility. *Credit facility comprised of $150 million revolver and a Term Loan B under.
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*Amends and extends maturity of its asset-based secured revolving credit. expire on March 4, 2017. $200 million to $175 million.
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March 22- Eastman Kodak Co:. *Kodak and lenders close financing agreement. *Source text* Further company coverage ().
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*Announces new $125 million revolving credit facility.
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NEW YORK, March 21 Fitch Ratings assigns a' BB+' rating to Correction Corporation of America's proposed $675 million senior unsecured notes due 2020 and 2023, and a' BBB-' to the amended revolving credit facility. The new bond issuance and upsized revolver are a result of the company's conversion from a C-Corp to a REIT with a Taxable REIT Subsidiary structure.
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PARIS, March 21- France's Alstom said it cut a deal with 18 banks to extend the maturity of its revolving bonds and guarantees facility by three years and to increase its size to 9 billion euros.
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March 21- Corrections Corporation of America:. of $900 million- SEC filing. *Amending revolving credit facility to extend maturity from December 2016 to.