Quantcast
Last updated on April 16, 2014 at 17:34 EDT

Latest Senior debt Stories

2011-01-28 11:30:00

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-...

2010-12-02 15:34:00

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...

2010-07-21 15:49:00

PHILADELPHIA, July 21 /PRNewswire-FirstCall/ -- Crown Holdings, Inc. (NYSE: CCK) announced today that it has priced its private placement of euro 500 million principal amount of 7 1/8% senior unsecured notes due 2018. The senior notes will be issued at par by Crown European Holdings SA, a subsidiary of the Company, and will be unconditionally guaranteed by the Company and certain of its subsidiaries. The Company intends to use the net proceeds of this offering to retire all or a portion of...

2010-07-06 05:00:00

HOUSTON, July 6 /PRNewswire-FirstCall/ -- Westlake Chemical Corporation (NYSE: WLK) announced today that it has raised $100 million of tax-exempt revenue bonds due August 1, 2029 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 Act of 2005. The proceeds from the Bonds were loaned by the Authority to Westlake which in turn issued...

2010-06-22 08:30:00

LOS ANGELES, June 22 /PRNewswire-FirstCall/ -- NeuMedia, Inc. (OTC Bulletin Board: MNDL) (the "Company" or "NeuMedia") announced today that it has closed an agreement (the "Agreement") with its senior and junior secured lenders which reduces its indebtedness owed from a total of approximately $26.5 million to $3.5 million. As previously announced, NeuMedia's wholly-owned United Kingdom subsidiary, AMV Holdings Limited ("AMV") is the subject of an administration proceeding in the United...

2010-05-14 08:28:00

RICHMOND, BC, May 14 /PRNewswire-FirstCall/ - Catalyst Paper Corporation (TSX:CTL) today announced that it has entered into an agreement to sell to certain initial purchasers on a private placement basis US$110 million in aggregate principal amount of Class B 11% senior secured notes due December 15, 2016 at an offering price of 86.000% of the principal amount. The initial purchasers may retain the Class B senior secured notes for their own accounts and/or may resell the Class B senior...

2010-04-30 05:00:00

FRANKFURT, April 30 /PRNewswire/ -- The Almatis Group announced today that certain subsidiaries filed voluntary petitions in the United States Bankruptcy Court for the Southern District of New York for reorganization under Chapter 11 of the United States Bankruptcy Code ("Chapter 11"). In conjunction with the filings, the Company also filed its pre-packaged Plan of Reorganization ("the Plan"), the terms of which have already been approved in a Plan Support Agreement signed by over...

2010-04-15 07:51:00

LIVONIA, Mich., April 15 /PRNewswire-FirstCall/ -- Valassis (NYSE: VCI), one of the nation's leading media and marketing services companies, announced today that it has amended its senior secured credit agreement to, among other things, allow it to use up to $325 million to repurchase its outstanding 8-1/4% Senior Notes due 2015, through April 15, 2011. There can be no assurance that Valassis will repurchase any such Notes. This amendment also provides Valassis the flexibility to extend the...

2010-03-15 21:21:00

VAN BUREN TOWNSHIP, Mich., March 15, 2010 /PRNewswire-FirstCall/ -- Visteon Corporation (OTC: VSTNQ) today filed an amended plan of reorganization and disclosure statement with the U.S. Bankruptcy Court, reflecting the company's improved operating and financial performance, as well as recovering industry and market conditions. Under the amended plan, Visteon would retain its U.S. defined benefit pension plans and provide recoveries to unsecured creditors, including bondholders and trade...

2010-03-01 15:23:00

PHOENIX, March 1 /PRNewswire-FirstCall/ -- Republic Services, Inc. (NYSE: RSG) announced today that it has priced a private offering of $850 million of 5.000% Senior Notes due March 1, 2020 and $650 million of 6.200% Senior Notes due March 1, 2040. The net proceeds of the offering will be used to finance the call of its 6.125% Senior Notes due 2014 on March 8 and as cash on hand until the call of its 7.25% Senior Notes due 2015 on March 31, to reduce balances outstanding under its...