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2013-04-18 16:30:13

- Upsizes Revolver to $100 million and Term Loan to $520 million LITTLETON, Colo., April 18, 2013 /PRNewswire/ -- tw telecom inc. (NASDAQ: TWTC) today announced that its wholly-owned subsidiary tw telecom holdings inc. ("Holdings"), executed a Second Amended and Restated Credit Agreement with a group of lenders ("Amendment and Restatement") that amends and restates its 2010 Credit Agreement (the "Credit Agreement"). (Logo: http://photos.prnewswire.com/prnh/20080626/LATH527LOGO)...

2013-03-26 20:21:42

DENVER, March 26, 2013 /PRNewswire/ -- BIOFUEL ENERGY CORP. (NASDAQ:BIOF), an ethanol production company, today announced that it has engaged Piper Jaffray & Co to act as its financial adviser to assist the Company in exploring certain strategic alternatives, including a potential sale of one or both of its plants. As previously disclosed, the Company's operating subsidiaries did not make the regularly-scheduled payments of principal and interest that were due on September 28, 2012 on...

2012-05-31 02:30:44

AMSTERDAM, May 31, 2012 /PRNewswire/ -- Payment delays and payment defaults, along with deterioration of the trade credit risk outlook, continue to be a major issue for businesses in Western Europe. According to survey respondents of the Atradius Payment Practices Barometer [http://global.atradius.com/paymentpractice/list/paymentpractices.html ], on average, 30% of the total value of B2B receivables was paid late. Of these, 20% extended past two months overdue and 3%...

2011-12-18 20:38:00

TORONTO, Dec. 18, 2011 /PRNewswire/ - Sino-Forest Corporation ("Sino-Forest" or the "Company") (TSX:TRE) today announced that it has received written notices of default dated December 16, 2011 in respect of its Senior Notes due 2014 and its Senior Notes due 2017.  The notices, which were sent by the Trustee under the Senior Note Indentures, reference the Company's previously disclosed failure to release its 2011 third quarter financial results (the "Q3 Results") on a timely...

2011-12-15 07:00:00

RICHMOND, BC, Dec. 15, 2011 /PRNewswire/ - Catalyst Paper Corporation (TSX:CTL) today announced that, together with its financial advisor Perella Weinberg Partners, the company is continuing to review alternatives to address its capital structure.  Debt reduction has been identified as a priority given current business and economic conditions and discussions are ongoing with certain holders of its 2016 Notes and 2014 Notes, as described below, and their representatives and...

2011-12-12 12:31:00

TORONTO, Dec. 12, 2011 /PRNewswire/ - Sino-Forest Corporation ("Sino-Forest" or the "Company") (TSX:TRE) today provided an update concerning the status of the Company's efforts to release its 2011 third quarter financial results (the "Q3 Results"), and on certain other matters. On November 15, 2011, Sino-Forest announced, among other things, that it was deferring the release of the Q3 Results until certain issues could be resolved to the satisfaction of the Board of Directors. ...

2011-12-03 11:24:45

Is there a psychological reason why people default on their mortgages? A new study, which will be published in an upcoming issue of Psychological Science, a journal of the Association for Psychological Science, finds that people with bad credit scores are more impatient — more likely to choose immediate rewards rather than wait for a larger reward later. The new paper is by two economists who were working at the Federal Reserve´s Center for Behavioral Economics and...

2011-11-15 17:44:00

CAMP SPRINGS, Md., Nov. 15, 2011 /PRNewswire/ -- "College Fever! - What's The Real Price of College?" returns November 20th with one performance at 5pm. In his latest live stage-play, writer/director Jay Cameron explores the pivotal moment of decision about how to pay for college from the perspective of graduating high school seniors. When someone hears the title "College Fever!", it grabs their attention. Fraternity and sorority life may come to mind. Others might think of the wild...

2011-08-15 16:23:00

WASHINGTON, Aug. 15, 2011 /PRNewswire-USNewswire/ -- The following was released today by the Democratic National Committee: (Logo: http://photos.prnewswire.com/prnh/20100929/DNCLOGO) Add Rick Perry's extreme voice to the Republican chorus proudly stating that they would not have supported the bipartisan debt agreement that prevented our country from defaulting on its debt for the first time in history. Rick Perry joins the choir of Tea Party Republicans in agreement that the prospect of...

2011-07-14 19:55:00

TORONTO, July 14, 2011 /PRNewswire/ -- Standard & Poor's has placed its 'AAA' long-term and 'A-1+' short-term sovereign credit ratings on the United States of America on CreditWatch with negative implications. Standard & Poor's uses CreditWatch to indicate a substantial likelihood of it taking a rating action within the next 90 days, or in response to events presenting significant uncertainty to the creditworthiness of an issuer. Today's CreditWatch placement signals our view...