Distressed-Debt Investors Circling Around Dewey – Wall Street Journal
Wall Street Journal Distressed-Debt Investors Circling Around DeweyWall Street JournalBy STEVE EDER, MATT WIRZ and LESLIE SCISM Some hedge-fund investors are seeking to profit by snapping up the debts of beleaguered law firm Dewey & LeBoeuf LLP, which may soon shut its doors and owes more than $200 million to banks, bondholders and …and more »
Canadians’ Debt Appetite Wanes, Two Bank Reports Show – Wall Street Journal
Canadians' Debt Appetite Wanes, Two Bank Reports ShowWall Street JournalTotal household credit, which includes consumer and mortgage debt, is now rising at just over 5%, the slowest pace since 2002, CIBC World Markets said. But the key driver is the rapid softening of consumer credit. Consumer credit – unsecured lines of …and more »
That New Foreclosure Tsunami? Still Waiting – Wall Street Journal
CoreLogic’s monthly foreclosure report, released Tuesday … But for now, it’s fairly calm waters. Leave the Dramamine at home.
CIT Issuing Unsecured Debt As It Continues Refinancing Streak – Wall Street Journal
RestaurantNewsRelease.com CIT Issuing Unsecured Debt As It Continues Refinancing StreakWall Street JournalBy Andrew R. Johnson NEW YORK (Dow Jones)–CIT Group Inc. (CIT) is offering $2 billion of debt in its second unsecured bond deal this year as it works to spruce up its balance sheet for ratings agencies and reduce its expenses.CIT Announces Public Offering [...]
3i Infotech Gets Approval From Lenders’ Group to Restructure Debt – Wall Street Journal
In a statement, 3i said the group has cleared a plan to convert 15% of its total secured debt and 20% of unsecured debt into equity, or compulsorily convertible preference shares. It will also get a two-year moratorium, from last Oct. 1 …
Debt rating cut likely at GE affiliate – Fort Wayne Journal Gazette
The Moody’s review is getting under way even as GE works to diversify funding at the finance unit by reducing borrowing in unsecured debt markets and seeking alternative sources of capital. Levington said he expects the review to have little …
Spring Ritual Returns: ‘For Sale’ Signs Sprout – Wall Street Journal
… are “for sale by owner” and newly constructed homes that aren’t always listed by the services. Over the past 28 years, the average increase in for-sale listings in February has been 3.4%, according to research firm Zelman & Associates.
CIT Prices $1.5 Billion Of Unsecured Debt – Wall Street Journal
CIT Prices $1.5 Billion Of Unsecured DebtWall Street JournalCIT Group Inc. (CIT) said Monday it priced $1.5 billion of unsecured debt at par as the business lender continued its quest to achieve investment-grade ratings. The company, which makes loans for businesses' equipment purchases, cash-flow needs and …S&P Upgrades CIT RatingsZacks.com S&P raises CIT Group ratingAsset [...]
Home shortage in Las Vegas? In foreclosure deals yes, Realtors say – Las Vegas Review Journal
House hunters can’t be as picky in Las Vegas today as they were a year ago, especially if they’re looking for a bargain on a foreclosure home. There’s actually a shortage of those homes, roughly one month’s supply at current sales levels, local Realtors say.
Rite Aid closes on debt issue – Central Penn Business Journal
Rite Aid this week completed its offering of $481 million in unsecured debt, which it is using to pay down debt due in 2015. The East Pennsboro Township-based pharmacy chain announced on Feb. 14 it would issue the new bonds, which pay 9.25 …