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Last year was great for underwriters of bank equities and debt. Dollar volume and the number of issues tripled from the skeleton-like levels of 1990. What a difference a year [...]

Rock, Fire and Sand Stan O'Neil badly miscalculated the US sub-prime mortgage market. He was responsible for Merrill Lynch's worst quarterly result in its 93-year history. The US bank made [...]

Byline: Staff Reports Retail Opportunity Investments Corp. (ROIC) refinanced a $175 million senior unsecured revolving credit facility and a $110 million senior unsecured term loan facility. The loans were arranged [...]

Magna International Inc. today announced that it has entered into a U.S.$2.25 billion four-year revolving credit facility with a group of lenders. The facility, which matures on July 8, 2015, [...]

Magna International Inc. announced that it has entered into a U.S.$2.25 billion four-year revolving credit facility with a group of lenders. The Company reported that the facility, which matures on [...]

Magna International Inc. today announced that it has entered into a U.S.$2.25 billion four-year revolving credit facility with a group of lenders. The facility, which matures on July 8, 2015, [...]

Byline: just-style.com US department store retailer has entered into a USD$1.5bn bank credit agreement, due to mature on 20 June 2015. It replaces a previous $2bn facility which was set [...]

Byline: Staff Reports National Retail Properties Inc. (NYSE: NNN), a real estate investment trust, today announced the closing of a new $450 million unsecured credit facility, replacing its existing $400 [...]

Affinia Group announced today that it has amended its $315 million Senior Secured Revolving Credit Facility. The amendment reduces drawn and undrawn pricing on the facility, extends the maturity date, [...]

Byline: just-food.com US snack manufacturer Diamond Foods said yesterday (10 march) that it will raise funds of US$181.4m in a secondary offering to finance its acquisition of up-market crisp maker [...]

Byline: just-food.com B&G Foods has announced plans to raise cash by issuing nine million new class A shares. At the company's current share price, the offering could raise in the [...]

Byline: just-style.com Women's wear retail group Charming Shoppes has agreed a new US$225m three-year loan agreement with the company's group of US lenders. The agreement for the new senior secured [...]

Byline: Ben Johnson Thanks to the so-called 'death of Wall Street,' commercial banks have become one of the only sources of real estate financing left standing in 2009. One of [...]

Tribune Co., publisher of leading metro newspapers such as The Chicago Tribune, The Baltimore Sun, The Hartford Courant and The Los Angeles Times, filed for bankruptcy protection in a Delaware [...]

Byline: Lindsay Chappell Mitsubishi's U.S. auto-finance arm is lending again after a three-year hiatus. In 2005, Mitsubishi Motors Credit of America sidelined itself to preserve capital as its troubled Japanese [...]

Byline: Frances A. McMorris Whether you call it the Crash of 2008, a market panic, or a meltdown, the fast-moving events of the last several weeks have been hard to [...]

Byline: damian wild it's hard to be positive Within hours of Lehman Brothers filing for bankruptcy protection on Monday, there were few industries and territories not feeling the consequences. And [...]

Lehman Brothers today filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Southern District of New York. The firmEs petition and accompanying affidavit can now be [...]

Limited in its operations for needed expansion at Jamaica's ports, the port authority has decided to ask for funding from Venezuela's PetroCaribe Fund, according to a report in the Caribbean [...]

An unexpected fire-sale could mark a turning-point 'I GREW up in a relatively small town in the Midwest, and I am a very straightforward kind of person,' John Thain told [...]

The City of Los Angeles has joined forces with Enterprise Community Partners to establish the $100 million New Generation Fund, the city's first multi-million-dollar financing tool for the development and [...]

By Gary Roskin Gem dealer Ralph Esmerian filed a bankruptcy petition on behalf of Fred Leighton, which he controls, stopping a scheduled Christie's auction of his gems. Just hours before [...]

The Port Authority of Jamaica is facing a growing debt burden at a time when funding for public projects through bond issues is under stress. According to published reports in [...]

New York--The owner of Manhattan jeweler Fred Leighton has filed for Chapter 11 bankruptcy protection, halting a Christie's auction of millions of dollars of his antique gems. According to various [...]

Sovereign wealth funds, financed by an explosive growth of capital coming from budget and foreign trade surpluses, have amassed trillions of dollars in portfolio assets in recent years. Their portfolios [...]

Just when it looked as if the credit retraction would stall the progress of several pending mega-deal buyouts being arranged by many of Wall Street's biggest banking houses, possibly for [...]

CHICAGO -- Michigan will formally establish a self-sustaining revolving fund to finance new loans to school districts for help in covering general obligation debt service -- easing the burden off [...]

IRVINE, CA -- Subprime lender People's Choice Financial Corp. here - which had hoped to go public one day - filed for bankruptcy protection early last week, leaving behind as [...]

LOS ANGELES -- After closing its doors almost a month ago, subprime lender Ownit Mortgage Solutions filed for bankruptcy protection in late December, saying it did not have enough cash [...]

BREA, CA -- Subprime wholesaler ResMAE Mortgage here filed for bankruptcy protection early last week, leaving behind a long trail of Wall Street creditors including Merrill Lynch, which had a [...]

MIDDLETOWN, CT -- The ailing Mortgage Lenders Network here - once a top 15 ranked subprime lender - filed for Chapter 11 bankruptcy protection last week, owing unsecured creditors $92 [...]

AIRLINE INDUSTRY INFORMATION-(C)1997-2007 M2 COMMUNICATIONS LTD Delta Air Lines (Other OTC: DALRQ.PK) has obtained commitments for a USD2.5bn exit financing facility. The carrier said that the funding marks a significant [...]

CHICAGO -- Chicago will refund $155 million of outstanding O'Hare International Airport general airport revenue bonds tomorrow in a deal that marks the closing of the airport's first lien and [...]

Byline: Thao Hua Some of the world's largest pension funds are calming investment volatility with water. With stable cash flows that often shadow inflationary movements, water companies are attracting a [...]

Orange County, Calif., may soon renew business ties with Merrill Lynch, the company that was partly blamed for the county's 1994 bankruptcy. On Thursday, the county's finance committee voted to [...]

WASHINGTON -- A handful of secondary market traders and investors believe that over the past three years some multifamily owners have been engaging in 'contrived defaults' in order to refinance [...]

GLEN ALLEN, VA -- A Saxon Capital Inc. affiliate has securitized conforming and nonconforming mortgages through a related offering by Saxon Asset Securities Trust 2006-2 of $984.5 million of real [...]

SAN FRANCISCO -- Now that Orange County, Calif., has largely rehabilitated its financial reputation, officials there are looking forward to the chance to refinance the bankruptcy recovery bonds it sold [...]

Byline: aaron elstein Despite the widening mutual fund scandal, most customers of fund management firms in the New York area are keeping their money right where it is. Merrill Lynch [...]

Byline: aaron elstein With the Dow Jones Industrial Average jumping 20% in the past three months, bull market phenomena like initial public offerings and corporate mergers are back in town. [...]

The cost of doing business in the lagging retail market may force Merrill Lynch, the U.K.'s largest market-marker, to impose a fee of GBP7 ($11) for each trade that private [...]

Warren Buffett and Alan Greenspan may think it's a good idea, but expensing the cost of options granted to employees would cost some investment banks a bundle. Merrill Lynch & [...]

Warren Buffett's Berkshire Hathaway Inc., as well as Wall Street giant Merrill Lynch & Co., booked some of corporate America's lowest expected rates of return on pension assets in 2001. [...]

While multiple book managers may be the name of the game in equity underwriting, last year Citigroup/Salomon Smith Barney and UBS Warburg made the most headway in deals that are [...]

The medium-term note market, like many of its sister debt sectors, strongly benefited from the resurgence of debt last year, although not quite matching its record-smashing performances of the late [...]