Quantcast

Latest Structured finance Stories

2014-08-13 08:24:32

VANCOUVER, Aug. 13, 2014 /PRNewswire/ - Alterra Power Corp. (TSX: AXY) announces it has closed a C$110 million loan facility with affiliates of AMP Capital Investors Limited. Proceeds from the loan facility will be received in up to three tranches: 1. Tranche A totaling C$67.3 million on or before August 15, 2014. 2. Tranche B totaling C$21.5 million at or after the closing of construction financing for the 62 MW Jimmie Creek hydro project,...

2014-08-06 08:28:43

SFIG Expects Second Edition Green Paper in November 2014 WASHINGTON, Aug. 6, 2014 /PRNewswire/ -- The Structured Finance Industry Group, Inc. ("SFIG") released the First Edition in a series of papers aimed at restoring confidence to the "private label" residential mortgage-backed securities ("RMBS") market today. These papers, termed "Green Papers," are a product of SFIG's RMBS 3.0 initiative ("RMBS 3.0") --a broad industry supported endeavor designed to develop proposed standards and reduce...

2014-07-30 16:21:48

RONKONKOMA, N.Y., July 30, 2014 /PRNewswire/ -- Lakeland Industries, Inc. (NASDAQ: LAKE), a leading global manufacturer of industrial protective clothing for industry, municipalities, healthcare and to first responders on the federal, state and local levels, today announced the prepayment of $500,000 of subordinated debt due 2018. The prepayment results in a reduction of approximately 15% of the Company's total outstanding amounts under its secured term loan credit facility which had...

2014-07-18 16:23:26

NASDAQ: CRME, TSX: COM VANCOUVER, July 18, 2014 /PRNewswire/ - Cardiome Pharma Corp. (NASDAQ: CRME / TSX: COM) announced today the closing of a senior, secured term loan facility of up to $22 million to be made available to the company by MidCap Financial, LLC in two tranches with an interest rate of Libor plus 8%. Cardiome currently intends to use the proceeds of the first tranche of $12 million for working capital and general corporate purposes, including the expansion of its sales and...

2014-07-14 16:23:07

NEW YORK, July 14, 2014 /PRNewswire/ -- Morningstar Credit Ratings, LLC today assigned preliminary ratings for the commercial mortgage-backed securities (CMBS) transaction WFRBS Commercial Mortgage Trust 2014-C21, Commercial Mortgage Pass-Through Certificates, Series 2014-C21 (WFRBS 2014-C21). The preliminary ratings are based on information known to Morningstar as of July 14, 2014. PRELIMINARY RATINGS (AS OF JULY 14, 2014) ---------------------------------------- Class...

2014-07-14 16:20:57

FLORHAM PARK, N.J., July 14, 2014 /PRNewswire/ -- Boomerang Systems, Inc. (OTCQB: BMER, the "Company"), today announced that it has commenced an offer to exchange outstanding unsecured convertible promissory notes ("unsecured notes") and warrants to purchase common stock issued under three private placements in 2011 and 2012 ("warrants") for the issuance of common stock at the rate of $2.15 per share in exchange for the entire balance (principal and interest) of the unsecured note and...

2014-06-22 23:03:43

California mortgage company, Blue Home Loans, Inc., comments on the current mortgage rates trends and offers advice for those who are seeking the best home loans. San Diego, CA (PRWEB) June 21, 2014 Mortgage rates ended this week by moving slightly lower yet again, but still have not broken lower than the narrow range that they have been stuck in for quite some time – a lack of movement which is mirrored in bond markets which directly influence mortgage interest rates. Blue Home Loans,...

2014-06-20 12:25:40

NEW YORK, June 20, 2014 /PRNewswire/ -- TIG Advisors, an investment platform employing multiple investment strategies including structured credit, was recognized by GlobalCapital for having the Best ABS Fund. The awards ceremony was held in New York City on June 18, 2014. Stuart Lippman and David Liu, co-founders of the structured credit strategy (TSAF), were on hand to accept the award. Winners of GlobalCapital's Securitization Milestones Awards were announced at the Broad Street...

2014-06-20 12:25:31

ISTANBUL, June 20, 2014 /PRNewswire/ -- Turk Telekom's US$ 1 Billion bond offering to refinance short term debt was about 8 times oversubscribed by international investors. This transaction proved to be a landmark issuance as the largest and first ever dual tranche corporate bond offering across two maturities issued out of Turkey. (Logo: http://photos.prnewswire.com/prnh/20140620/693508 ) Turk Telekom completed its book-building for its bond issuance, after a...

2014-06-16 12:26:06

NEW YORK, June 16, 2014 /PRNewswire/ -- Morningstar Credit Ratings, LLC today assigned preliminary ratings for the commercial mortgage-backed securities (CMBS) transaction COMM 2014-KYO Mortgage Trust, Commercial Mortgage Pass-Through Certificates (COMM 2014-KYO). The preliminary ratings are based on information known to Morningstar as of June 16, 2014. PRELIMINARY RATINGS (AS OF JUNE 16, 2014) ---------------------------------------- Balance/...


Word of the Day
bodacious
  • Remarkable; prodigious.
  • Audacious; gutsy.
  • Completely; extremely.
  • Audaciously; boldly.
  • Impressively great in size; enormous; extraordinary.
This word is probably from the dialectal 'boldacious,' a blend of 'bold' and 'audacious.'
Related