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- Financing
- the money needed by an individual or company to pay for something, for example, a project or inventory
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- Lakes Entertainment Closes on $8 Million Non-Revolving Line of Credit Loan Agreement
- MINNEAPOLIS -- Lakes Entertainment, Inc. (NASDAQ: LACO) announced today that it has closed on a two-year interest only $8 million non-revolving line of credit loan agreement with the First State Bank of Arkansas. The interest rate of the loan is 8.95%. Upon closing, the company initially drew $2 million from...
- Research articles 2008-10-29
- Northwest Airlines Secures $500 Million of New Financing
- EAGAN, Minn. -- Northwest Airlines (NYSE: NWA) announced today that is has closed on a new $500 million financing facility. The financing is structured as a $500 million secured revolving credit facility and was led by U.S. Bank with Citigroup and Morgan Stanley as co-lead arrangers and joint book runners....
- Research articles 2008-10-29
- US Airways Group Inc raises USD950m in financing and liquidity commitments
- AIRLINE INDUSTRY INFORMATION-C1997-2008 M2 COMMUNICATIONS LTD US Airways Group Inc (NYSE:LCC) declared on 23 October that it has raised approximately USD950m of financing and near-term liquidity commitments, as part of a comprehensive liquidity programme that was announced in August. The company closed on USD800m of these transactions, with...
- Research articles 2008-10-24
- Rancher Energy Corp. Announces Extension and Revised Terms of GasRock Loan
- Rancher Energy Corp. (OTCBB: RNCH) today announced it has negotiated a six-month extension of its debt financing with GasRock Capital LLC, and as part of the extension has agreed to pay down $2.24 million of principal, resulting in a new loan balance of $10 million. The loan remains a...
- Research articles 2008-10-23
- US Airways Group, Inc. Secures $950 Million in Financing and Liquidity Commitments
- TEMPE, Ariz. -- US Airways Group, Inc. (NYSE: LCC) announced today that as part of a comprehensive liquidity program launched in mid August, the Company has raised approximately $950 million of financing and near-term liquidity commitments. On October 20, 2008 the Company closed on $800 million of these transactions with...
- Research articles 2008-10-23
- US Airways Group, Inc. Reports Third Quarter 2008 Results
- Highlights of US Airways Group, Inc.'s (the Company's) third quarter 2008 results: * Excluding special charges, the Company reported a net loss of $242 million or $2.35 per share. The decline in earnings was driven primarily by higher oil prices. Holding fuel prices constant at third quarter 2007 prices...
- Research articles 2008-10-23
- Seabury Serves as Financial Advisor to US Airways Group, Inc. in Completing $950 Million of Financings
- NEW YORK -- Seabury Group LLC's broker-dealer unit, Seabury Securities LLC, today announced that it served as financial advisor to US Airways Group, Inc. in securing $950 million of new financing through a series of transactions with several of the company's strategic business partners. This follows the August 2008 successful...
- Research articles 2008-10-23
- Arginetix, Inc. Completes $2.3 Million Initial Financing and Technology License
- Financing Will Advance Development of Therapeutic Arginase Inhibitors for Cardiovascular, Respiratory and other Human Diseases BALTIMORE -- Arginetix, Inc., a biopharmaceutical company dedicated to developing and commercializing novel therapeutic small molecule inhibitors of arginase, announced today that it has completed a $2.3 million initial financing. The financing was co-led...
- Research articles 2008-10-23
- Prudential Fixed Income Management Names Sara Bonesteel to Lead Efforts in Structured Asset Management Opportunities and Financing
- NEWARK, N.J. -- Prudential Fixed Income Management has appointed structured finance veteran Sara Bonesteel head of its efforts to identify new opportunities for structured asset management and to develop financing strategies and relationships for its many businesses, including its hedge strategy, collateralized debt obligations and insurance businesses. Prudential Fixed Income...
- Research articles 2008-10-22
- BPZ Energy Announces Senior Debt Funding of $15 Million from IFC
- HOUSTON -- BPZ Resources, Inc. (NYSE Alternext US:BPZ) announced it has received funding of the $15 million tranche of senior debt with the International Finance Corporation IFC. The IFC $15 million facility is the first tranche of two credit facilities totaling $215 million. As previously announced, Natixis, a French...
- Research articles 2008-10-20
- Gresham Computing plc at Association of Finance Professionals Conference, Los Angeles October 19-22, 2008
- NEW YORK -- Gresham Computing plc ("Gresham") is pleased to announce that Eric Sepkes, Chairman of Gresham, is attending the upcoming Association of Financial Professionals AFP conference in Los Angeles. Eric Sepkes spent 38 years at Citi in various roles and is well known for his thought leadership in...
- Research articles 2008-10-17
- NextWave Wireless Raises $100 Million in New Capital
- SAN DIEGO -- NextWave Wireless Inc. (NASDAQ: WAVE) today announced that it has raised $100 million in new financing through the issuance of senior-subordinated secured second-lien notes ("Notes") to Avenue Capital Management II, L.P. and SOLA. Interest on the Notes will be payable quarterly at a rate of 14...
- Research articles 2008-10-10
- Lakes Entertainment Announces Dividend of WPT Enterprises, Inc. Common Stock
- MINNEAPOLIS -- Lakes Entertainment, Inc. (NASDAQ: LACO) announced today that on October 1, 2008, its Board of Directors declared a stock dividend of all of the Company's shares in WPT Enterprises, Inc. (NASDAQ: WPTE). The record date for the dividend will be 5:00 PM Central Daylight Time on October 24,...
- Research articles 2008-10-07
- CIT Arranges Acquisition Financing for ABC Funding, Inc
- NEW YORK -- CIT Group Inc. (NYSE: CIT), a leading global commercial finance company, today announced that it arranged a senior secured credit line for ABC Funding, Inc. ABC (OTCBB: AFDG) to complete its $42 million acquisition of Voyager Gas Corporation, a Texas-based energy company. Financing for the deal...
- Research articles 2008-10-06
- Fitch Downgrades Ford & Ford Credit to 'CCC'; Outlook Negative
- CHICAGO -- Fitch Ratings has downgraded the Issuer Default Rating IDR of Ford Motor Company Ford and Ford Motor Credit Company Ford Credit by one notch to 'CCC' from 'B-'. A full list of rating actions follows the end of the press release. This rating action reflects the growing...
- Research articles 2008-10-06
- Egyptian National Railways intends to apply for financing from the World Bank to modernise signalling on the Cairo—High Dam corridor
- Egyptian National Railways intends to apply for financing from the World Bank to modernise signalling on the Cairo--High Dam corridor. It expects to issue invitations to tender in November, and is seeking pre-qualification bids from interested companies. Deadline for bids is October 7.
- Research articles 2008-10-01
- Credit Suisse Securities and Wachovia Capital Markets LLC Confirm Commitment to Debt Financing for JDA Software's Pending Acquisition of i2 Technologies
- Wells Fargo Foothill Joins Syndicate SCOTTSDALE, Ariz. -- JDA([R]) Software Group, Inc. (NASDAQ: JDAS) today announced that Wells Fargo Foothill has recently joined the financing syndicate, led by Credit Suisse, taking a sizable hold position. JDA will host a bank meeting for the syndication of the debt in early...
- Research articles 2008-09-30
- Reliant Energy Lowers Financial Outlook, Acts to Strengthen Financial Position
- Company Intends to End Credit-Enhanced Structure, New Financing Commitments Received HOUSTON -- Reliant Energy today announced it is revising its 2008 outlook downward to reflect the financial impact of Hurricane Ike and lower commodity prices in its wholesale business. In addition, the company and Merrill Lynch have agreed...
- Research articles 2008-09-29
- NextWave Wireless to Discontinue Operations of its GO Networks Subsidiary
- SAN DIEGO -- NextWave Wireless Inc. (NASDAQ:WAVE) today announced that, as part of its global restructuring initiative, it will be discontinuing the operations of its GO Networks business unit, a supplier of wide-area Wi-Fi network equipment. Accordingly, NextWave today filed a request in Israel to seek bankruptcy protection for its...
- Research articles 2008-09-28
- Asian Mineral Resources Limited-Ban Phuc Project Suspension
- Asian Mineral Resources Limited ("AMR" or the "Company") (TSX VENTURE: ASN) announced today that development activities on the Company's Ban Phuc nickel project will be suspended effective October 1, 2008. The Company has been unable, as the result of a combination of factors, including current market conditions and uncertainties regarding...
- Research articles 2008-09-26
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