Quantcast
Last updated on April 20, 2014 at 5:20 EDT

Latest Letter of credit Stories

2014-01-06 23:24:26

Key enhancements improve online letter of credit presentation process for examining and issuing banks. Austin, TX (PRWEB) January 06, 2014 Trade Technologies, the global leader in international trade document solutions, announced today the release of the latest version of its patented global trade platform. This new release further improves the international trade documentation process for the Company’s exporter, trade bank and freight forwarder clients. The most significant changes in...

2013-11-25 08:30:05

Trade Technologies' Footprint Expands to Match Needs of Global Exporters AUSTIN, Texas, Nov. 25, 2013 /PRNewswire-iReach/ -- Trade Technologies, the global leader in international trade document solutions, announced today announced today the successful expansion of its patented process for presenting original letter of credit documents to banks. This September, for the first time in Mexico, the Company completed a fully online presentation of LC export payment documents to Bank of...

2013-02-13 23:01:23

Trade Technologies Achieves New Thresholds in Revenues, Online Presentations and Transaction Volumes AUSTIN, TX (PRWEB) February 13, 2013 Trade Technologies, the global leader in international trade document solutions, announced today that in 2012 they surpassed their record-breaking performance for 2011. For 2012, Trade Technologies processed over $9 billion of international trade transactions -- completing over 28,000 transactions (up 12% from 2011) and achieving record revenues (an...

2012-05-08 02:20:52

AMSTERDAM, May 8, 2012 /PRNewswire/ -- While business sentiment and consumer confidence continue to decline in many western markets, China - with its thriving jobs market, rising incomes and burgeoning consumer demand - has become an attractive prospect for many foreign exporters. However, trading with China also involves risk, which is why, to help exporters avoid the logistical and financial pitfalls, credit insurer Atradius has published its ten-point guide 'Trade...

2011-06-28 03:30:00

TEL AVIV, Israel, June 28, 2011 /PRNewswire/ -- Attn. Israel Securities Authority By Magna Attn. The Tel-Aviv Stock Exchange Ltd. By Magna Dear Sir or Madam, Pursuant to the Immediate Reports dated January 16, 2011 (ref. no. 018612-01-2011), May 16, 2011 (ref. no. 149553-01-2011), May 24, 2011 (ref. no. 159246-01-2011), June 5, 2011 (ref. no. 175536-01-2011), June 6, 2011 (ref. no. 177474-01-2011), June 13...

2010-12-07 10:23:00

LOUISVILLE, Ky., Dec. 7, 2010 /PRNewswire-FirstCall/ -- Almost Family, Inc. (Nasdaq: AFAM), a leading regional provider of home health nursing services, announced today it has entered into a new five-year $125 million revolving credit facility that increases its financial flexibility through 2015 (the Facility). J.P. Morgan Securities LLC acted as sole bookrunner and sole lead arranger, while Bank of America, N.A. acted as syndication agent under the Facility which replaced the...

2010-10-19 15:44:00

EL SEGUNDO, Calif., Oct. 19 /PRNewswire-FirstCall/ -- Big 5 Sporting Goods Corporation (Nasdaq: BGFV), a leading sporting goods retailer, today announced it has entered into a new credit agreement, arranged by Wells Fargo Capital Finance, with Wells Fargo Bank, as Administrative Agent and Collateral Agent, Bank of America, as Documentation Agent, PNC Bank and Union Bank. The new credit agreement provides for a revolving credit facility with aggregate availability of up to $140 million,...

2009-08-04 17:20:00

NEW ALBANY, Ohio, Aug. 4 /PRNewswire-FirstCall/ -- Commercial Vehicle Group, Inc. (Nasdaq: CVGI) today announced it has completed a private exchange with certain holders of its 8.0% Senior Notes due 2013 (the "8.0% Notes") and entered into a new discounted Second Lien Term Loan (the "Second Lien Term Loan"). The Company also announced it has entered into a second amendment (the "Second Amendment") to its asset based Loan and Security Agreement (the "Credit Facility") with Bank of America,...

2009-08-04 08:01:00

AKRON, Ohio, Aug. 4 /PRNewswire-FirstCall/ -- FirstEnergy Corp. (NYSE: FE) today announced the commencement of a cash tender offer for up to $725,000,000 in aggregate principal amount of its outstanding 6.45% Notes, Series B, Due 2011. If consummated, the tender offer will be funded with cash on hand or borrowings under FirstEnergy's $2.75 billion revolving credit facility. The purpose of the tender offer is to reduce FirstEnergy's debt and interest expense. The tender offer is being...

2008-10-27 12:00:21

Nettel Holdings Inc. (PINKSHEETS: NTTL) announces 4 new long term contracts for its Tougi Metals division. In order to implement these contracts and eliminate any risk of payment to Tougi from these new buyers, a Letter of Credit (LC) has been issued from their respective financial institutions. This means that they have already paid for the steel they intend to buy, and the financial institution will guarantee payment. Tougi will get paid 5-8 days after the steel is shipped. The first LC...