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Latest WCI Communities Inc. Stories

2008-09-24 09:00:34

WCI Communities, Inc. (OTC:WCIMQ), a leading developer, builder and seller of luxury homes and tower units, said that late yesterday the Delaware Bankruptcy Court presiding over WCI's Chapter 11 case authorized the Company to enter into a new $150 million debtor-in-possession (DIP) financing agreement. Simultaneously, the Court also granted the Company final authority to continue using its on-hand cash collateral during the Chapter 11 case. As of September 20, 2008, the Company had...

2008-07-23 15:01:04

By Pat Beall, The Palm Beach Post, Fla. Jul. 22--More than 3 million shares of WCI Communities Inc. changed hands Monday following a false press release stating that the homebuilder was about to be sold. The Bonita Springs-based company issued a terse statement today stating that the company never issued the press release, and that "media outlet stories that have reported that WCI has received a buyout offer are false in all regards." In published blogs, the bogus press release...

2008-07-22 18:00:44

BONITA SPRINGS, Fla., July 22, 2008 (PRIME NEWSWIRE) -- WCI Communities, Inc. ("WCI" or the "Company") (NYSE:WCI) announced today that it has amended the exchange offer commenced on July 8, 2008 for all of its outstanding $125.0 million 4.0% Contingent Convertible Senior Subordinated Notes due 2023 (the "Outstanding Notes"). Pursuant to the terms of the amended exchange offer, the Company offers to exchange a unit, consisting of $1,000 principal amount of new 17.5% senior secured notes due...

2008-07-21 12:00:58

BONITA SPRINGS, Fla., July 21, 2008 (PRIME NEWSWIRE) -- WCI Communities, Inc. ("WCI" or the "Company") (NYSE:WCI) today announced that the media outlet stories that have reported that WCI has received a buyout offer are false in all regards. No press release was issued by the Company regarding a buyout of the Company. About WCI WCI Communities, Inc., named America's Best Builder in 2004 by the National Association of Home Builders and Builder Magazine, has been creating amenity-rich,...

2008-07-14 18:00:30

BONITA SPRINGS, Fla., July 14, 2008 (PRIME NEWSWIRE) -- WCI Communities, Inc. ("WCI") (NYSE:WCI) today announced that, although it continues to review and evaluate alternative restructuring proposals, WCI is not currently engaged in discussions with affiliates regarding such proposals. Accordingly, the Special Committee formed to review and evaluate any proposals from affiliates has been dissolved. About WCI WCI Communities, Inc., named America's Best Builder in 2004 by the National...

2008-07-08 18:00:32

BONITA SPRINGS, Fla., July 8, 2008 (PRIME NEWSWIRE) -- WCI Communities, Inc. ("WCI" or the "Company") (NYSE:WCI) today announced that it has commenced an exchange offer for all of its outstanding $125.0 million 4.0% Contingent Convertible Senior Subordinated Notes due 2023 (the "Outstanding Notes"). WCI is offering to exchange $1,000 principal amount of new 16% senior secured notes due 2013 (the "New Notes") for each $1,000 principal amount of the Outstanding Notes. The exchange offer will...

2008-06-13 18:00:25

BONITA SPRINGS, Fla., June 13, 2008 (PRIME NEWSWIRE) -- WCI Communities, Inc. ("WCI" or the "Company") (NYSE:WCI) today announced that the Board of Directors has formed a Special Committee of disinterested members of the Board of Directors to review and evaluate alternative restructuring proposals that the Company may receive from potential investors, including affiliates, on behalf of the Board of Directors and WCI. The Special Committee is comprised of Don E. Ackerman, who will serve as...


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mundungus
  • A stinking tobacco.
  • Offal; waste animal product; organic matter unfit for consumption.
This word comes from the Spanish 'mondongo,' tripe, entrails.