Archive for December, 2009
Where Credit Is Improving (Forbes)
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Health care and telecom companies are getting healthier says S&P.
Rates Are Low, but Banks Balk at Refinancing (New York Times)
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The plight of homeowners unable to refinance despite massive federal aid to banks has become a volatile political issue.
ONGC to Refinance $1 Billion Imperial Takeover Loan (Update2) (Bloomberg)
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Dec. 11 (Bloomberg) — Oil & Natural Gas Corp. , Indias biggest energy explorer, plans to raise $1 billion in a month to refinance debt its unit incurred in the purchase of U.K.-based Imperial Energy Plc amid current low interest rates.
Public Service Board to refinance $23.5 million of loan debt (El Paso Times)
EL PASO — El Paso Water Utilities wants to refinance up to $23.5 million of debt because of historically low interest rates.
Wrigley to refinance up to $3.5B in loans (Newsday)
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Mars-owned Wrigley says it plans to refinance up to $3.5B in secured term loans
Talbots to refinance, buy out majority shareholder (AP via Yahoo! News)
Women’s clothing chain Talbots Inc. said Tuesday that it plans a complex refinancing deal that will let it buy out its majority shareholder, lower its debt by about $330 million and continue its turnaround.
McJunkin plans $1 billion bond issue (Charleston Daily Mail)
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CHARLESTON, W.Va.–McJunkin Red Man Corp. plans to sell $1 billion of bonds sometime next week, several news services reported.The industrial pipe supplier will use the proceeds to refinance the $575 million in debt the company issued for its buyout by Gol…
Will a refinance result in higher taxes? (Bankrate.com via Yahoo! Finance)
Borrowing against your rental was smart while prices rose. But sell now and you still owe taxes.
Time to refinance? (Orange County Register)
Mortgage broker Randy Johnson answers a reader’s question about refinancing.
Aspen debt refinance saves $775,000 (The Aspen Times)
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ASPEN – The city of Aspen is saving taxpayers more than three-quarters of a million dollars using creative financing. The city recently took advantage of an opportunity to lower the cost on two existing bond issues, saving more than $750,000 over their life. The bonds are set to expire in 2021. The process is similar to refinancing a mortgage and will save approximately $73,000 a year. “In the …
Peter Boutell, Lending a Hand, Dec. 6, 2009: Unexpected drop in rates offers refinance opportunity (Santa Cruz Sentinel)
Those of us who monitor mortgage rates and follow the Federal Reserve’s statements and actions did not expect 30-year fixed mortgage rates to drop to 4.
Hanesbrands to offer notes to help refinance, repay debt (Winston-Salem Journal)
Hanesbrands Inc. said yesterday that it plans to sell $500 million in senior notes in a public offering and change an existing senior secured credit facility to allow for $1.15 billion in new credit.