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Latest Senior debt Stories

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...

2010-02-16 08:22:00

HOUSTON, Feb. 16 /PRNewswire/ -- LyondellBasell Industries today announced that an agreement has been reached that will help pave the way to LyondellBasell's emergence from Chapter 11. The proposed agreement, which remains subject to court approval, final internal approval and final documentation, resolves objections by the Unsecured Creditor's Committee to the company's settlement of the estate's claims against the parties who financed the 2007 leveraged buyout of Lyondell by Basell....

2010-01-06 07:37:00

TORONTO, Jan. 6 /PRNewswire-FirstCall/ - Cinram International Income Fund (TSX: CRW.UN) announced today that it has completed its program of repurchasing its senior debt, at amounts below par, pursuant to the previously disclosed amendment to its subsidiaries' senior secured credit facility approved March 30, 2009 having maximized the buyback opportunity pursuant to the terms of the amendment. Through nine separate auctions from April 1, 2009 to December 16, 2009 the Company acquired an...

2009-12-17 10:22:00

BLOOMFIELD HILLS, Mich., Dec. 17 /PRNewswire-FirstCall/ -- TriMas Corporation (Nasdaq: TRS) today announced the pricing of its private placement offering of $250 million principal amount of Senior Secured Notes due December 15, 2017 (the "Senior Notes"). The Senior Notes will have an interest rate of 9-3/4% per annum and are being issued at a price of 97.992% of their face value. The offering of the Senior Notes is expected to close on December 29, 2009, subject to customary closing...

2009-10-19 10:00:00

OVERLAND PARK, Kan., Oct. 19 /PRNewswire-FirstCall/ -- Ferrellgas, L.P., the operating partnership of Ferrellgas Partners, L.P. (NYSE: FGP), today announced the anticipated prepayment of its outstanding $82,000,000 of 7.24% Senior Notes, Series D, due August 1, 2010 and its $70,000,000 of 7.42% Senior Notes, Series E, due August 1, 2013. In September, the partnership issued $300 million in aggregate principal amount of 9.125% Senior Notes due 2017 to fund these prepayments and to reduce...

2009-09-21 15:21:00

RED BANK, N.J., Sept. 21 /PRNewswire-FirstCall/ -- Hovnanian Enterprises, Inc. (NYSE: HOV) (the "Company") announced that its wholly owned subsidiary, K. Hovnanian Enterprises, Inc. ("K. Hovnanian"), has commenced tender offers to purchase for cash (i) any and all of its properly tendered and accepted outstanding 11 1/2% Senior Secured Notes due 2013 (the "2013 Secured Notes") (the "2013 Secured Notes Tender Offer"), (ii) any and all of its properly tendered and accepted outstanding 18%...

2009-08-12 19:00:00

GREENSBORO, N.C., Aug. 12 /PRNewswire/ -- Global Safety Textiles LLC ("GST") today announced that it has reached an agreement with a majority of its senior lenders to successfully restructure the Company's obligations and has filed a Plan of Reorganization with the Bankruptcy Court. Under the Plan of Reorganization, the senior lenders would receive 100% of the equity interest and long-term debt in the reorganized GST Group. In addition, a subset of the supporting lenders also delivered a...


Word of the Day
abrosia
  • Wasting away as a result of abstinence from food.
The word 'abrosia' comes from a Greek roots meaning 'not' and 'eating'.