Latest Senior debt Stories

CHICAGO, Sept. 25, 2012 /PRNewswire/ -- Ryerson Inc. (the "Company") announced today that, subject to market and other conditions, it intends to offer (the "Offering") Senior Secured Notes due 2017 and Senior Notes due 2018 generating aggregate gross proceeds of approximately $900 million. Joseph T. Ryerson & Son, Inc., the Company's wholly owned subsidiary will act as co-issuer of the notes. The notes will be guaranteed by certain subsidiaries of the Company. The senior secured...

RICHMOND, BC, May 15, 2012 /PRNewswire/ - Catalyst Paper today announced that it has amended its proposed Plan of Arrangement (the Plan) under the Companies' Creditors Arrangement Act. The Plan as so amended (the Amended Plan) will be considered by Catalyst Paper's secured and unsecured creditors at the meetings scheduled for May 23, 2012 (the Meetings). "We're pleased that over the past weeks, the various stakeholders, advisors and the company have worked diligently to craft an...

CALGARY, May 15, 2012 /CNW/ - Enerplus Corporation ("Enerplus") (TSX: ERF) (NYSE: ERF) is pleased to announce the closing of our previously announced offering of senior unsecured notes which were issued on a private placement basis in the United States and Canada (the "Private Placement") in an aggregate principal amount of approximately US$405 million. The notes were issued in three separate tranches as follows: -- US$355 million at 4.40% with a 12 year amortizing...

NEW YORK, May 3, 2012 /PRNewswire/ -- General Maritime Corporation (the "Company") (OTC BB: GMRRQ) today announced that the U.S. Bankruptcy Court for the Southern District of New York (the "Bankruptcy Court") confirmed the second amended joint plan of reorganization (the "Plan") of the Company and its direct and indirect subsidiaries that are debtors under Chapter 11 of the Bankruptcy Code (the "Debtors"). General Maritime currently expects to emerge from Chapter 11 in May 2012...

NEW YORK, Feb. 1, 2012 /PRNewswire/ -- General Maritime Corporation announced today that it has filed a Plan of Reorganization (the "Plan") and a Disclosure Statement (the "Disclosure Statement") with the United States Bankruptcy Court for the Southern District of New York (the "Court"). The Company intends to seek confirmation of the Plan by April 2012. Under the terms of the Plan, the Company will receive an infusion of $175 million in new capital from funds managed by Oaktree...

WALTHAM, Mass., June 17, 2011 /PRNewswire/ -- Alere Inc. (NYSE: ALR) (the "Company") announced that it has received the requisite consents for each of its consent solicitations commenced on May 31, 2011 relating to certain amendments of the indentures (together, the "Proposed Modifications") governing its 9.0% Senior Subordinated Notes due 2016 (the "9.0% Notes"), 8.625% Senior Subordinated Notes due 2018 (the "8.625% Notes") and 7.875% Senior Notes due 2016 (the "7.875% Notes," and,...

ALMELO, Netherlands, May 12, 2011 /PRNewswire/ -- Sensata Technologies Holding N.V. (NYSE: ST) ("Sensata"), a global designer and manufacturer of sensors and controls, today announced the completion of a series of financing transactions by its wholly-owned subsidiary, Sensata Technologies B.V. (the "Issuer"), designed to refinance substantially all of its existing indebtedness. These transactions included: The issuance and sale of $700 million in aggregate principal amount of 6.5% senior...

CHICAGO, Feb. 11, 2011 /PRNewswire/ -- Tribune Company today announced that the results of the voting on the two proposed Plans of Reorganization pending before the U.S. Bankruptcy Court for the District of Delaware overseeing its Chapter 11 proceedings have been filed with the court by the court-appointed voting agent. The company's plan, also supported by its co-proponents, the Official Committee of Unsecured Creditors, JPMorgan Chase Bank, N.A., Angelo Gordon & Co., L.P., and Oaktree...

MAUMEE, Ohio, Jan. 28, 2011 /PRNewswire/ -- Dana Holding Corporation (NYSE: DAN) today announced that it has completed the refinancing of its capital structure. Dana has paid down debt and replaced its secured term loan with $750 million in senior unsecured notes in a registered notes offering. Dana has also received lender commitments for a new $500 million revolving credit facility with a five-year maturity. Additionally, Standard & Poor's upgraded Dana's credit rating to BB-...

HOUSTON, Dec. 2, 2010 /PRNewswire/ -- Westlake Chemical Corporation (NYSE: WLK) announced today that it has raised $154 million of tax-exempt revenue bonds due November 1, 2035 with an interest rate of 6.50% per year (the "Bonds"). The Bonds were issued through the Louisiana Local Government Environmental Facilities and Community Development Authority under the Gulf Opportunity Zone ("GO Zone") Act of 2005 and the Emergency Economic Stabilization Act of 2008 (the latter known as the "Ike...