Archive for July, 2009
Liverpool pay back 60m in refinance deal (Independent)
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Liverpool’s American owners have concluded a deal to refinance the bank loan they took out to buy the club in 2007. Co-owners Tom Hicks and George Gillett are not expected to issue a statement, but the deal is believed to be for another year and will involve them paying back 60m of the original debt.
2nd UPDATE: Yell Shares +21%: 1Q Better Than Expected, Refinance (Nasdaq)
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LONDON -(Dow Jones)- Shares in directories company Yell Group PLC (YELL.LN) rose 21% Thursday, after the heavily-indebted firm posted a slightly better- than-expected set of first-quarter results and said its refinancing plans remain on track.
Refinance a mortgage, if circumstances are right (Louisville Courier-Journal)
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Interest rates are down and it’s tempting to refinance your mortgage. But refinancing is only a good idea under the right circumstances. Consider the following when deciding if the time is right….
Yell on track in talks to refinance (Financial Times)
Yell , the debt-laden directories group, said refinancing negotiations with lenders were on track as it reported first-quarter earnings ahead of expectations.
More seek to refinance mortgages (Adelaide Now)
AUSSIE Home Loans has recorded a strong rise in the number of borrowers looking to refinance mortgages, as home owners take advantage of record low rates.
Sappi Rises as Paper Maker Plans Bond Sale to Refinance Debt (Bloomberg)
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July 20 (Bloomberg) — Sappi Ltd. rose after the worlds largest maker of glossy paper, which had its corporate family credit rating reduced last month, said it plans to sell $500 million of senior secured bonds to refinance debt.
Assets may be sold to refinance debt (Irish Examiner)
PROPERTY developer Liam Carroll may sell assets including his stakes in Greencore Group and Irish Continental Group to help refinance more than 1bn in debt, the Sunday Business Post reported yesterday, without citing its source.
9:45am: CIT Group board OKs $3 billion rescue (Tribune Chronicle)
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NEW YORK (AP) – CIT Group Inc.’s board approved a deal with major bondholders to keep the company out of bankruptcy with a $3 billion rescue loan, according to published reports. The emergency loan gives the commercial lender some desperately needed breathing room to refinance maturing debt amid a major liquidity squeeze. Shares of CIT Group jumped 59 cents, or 84 percent, to $.
Assets may be sold to refinance debt (Irish Examiner)
PROPERTY developer Liam Carroll may sell assets including his stakes in Greencore Group and Irish Continental Group to help refinance more than 1bn in debt, the Sunday Business Post reported yesterday, without citing its source.
NABARD Cuts Refinance Rates On Investment Credit By 50 BPs (Nasdaq)
MUMBAI -(Dow Jones)- India’s National Bank for Agriculture and Rural Development, or NABARD, said Monday it has cut its refinance rates on loans given by banks for investments in rural areas by 50 basis points.
Refinance Mess: Issues With HARP (WSB-TV 2 Atlanta)
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Channel 2 Action News has heard several complaints from homeowners hitting obstacles as they attempt to refinance.
Want to refinance? Know the details (Bankrate.com)
Do you want to refinance your mortgage under the Home Affordable Refinance program? Good luck. The plan is confusing and confounding. For example, under the program, lenders are supposed to refinance loans with mortgage insurance. But they are evasive about whether they will.
MTR Gaming announces plan to refinance $250M debt (AP via Yahoo! Finance)
West Virginia-based racetrack and casino operator MTR Gaming Group says it’s planning to refinance $255 million in debt.