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Latest Senior debt Stories

2011-06-17 07:35:00

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,...

2011-05-12 17:41:00

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...

2011-02-11 16:50:00

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...

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...


Word of the Day
monteith
  • A large punch-bowl of the eighteenth century, usually of silver and with a movable rim, and decorated with flutings and a scalloped edge. It was also used for cooling and carrying wine-glasses.
  • A kind of cotton handkerchief having white spots on a colored ground, the spots being produced by a chemical which discharges the color.
This word is possibly named after Monteith (Monteigh), 'an eccentric 17th-century Scotsman who wore a cloak scalloped at the hem.'
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