Johnston borrows at nearly 20 times base rate to refinance debt (The Herald)

August 30th, 2009 | Category: Home Equity

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Johnston Press has refinanced its debt but at a borrowing cost of almost 20 times base rate, the company revealed yesterday.


Pennsylvania Auctions $690 Million in Bonds to Refinance Debt (Bloomberg)

Aug. 25 (Bloomberg) — Pennsylvania auctioned the weeks largest issue of long-term tax-exempt bonds today, a $690 million deal to refinance some of the general obligation debt the state issued from 2000 through 2008.

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