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The purpose of high leveraged buyouts is to allow companies to make large buyouts without having to invest a large amount of capital. However, the recent credit crunch has created an unusual problem for the companies in UK that had resorted to...
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made popular Jun 13 2009
AP, London
The most successful clubs in soccer’s richest league have some of the biggest debts in the sport.
made popular Apr 28 2009
America is in a bad recession. Trillions of dollars have already been dedicated to try to pull us out. Whether or not these measures work is really anyone’s...
made popular Apr 25 2009
AP, New York
The Treasury Department has made a new offer to Chrysler LLC’s lenders, asking banks and hedge funds that hold $6.9 billion in debt to forgive $5.4 billion and...
made popular Apr 23 2009
AP, New York
A person familiar with the matter says the Treasury Department has made a new offer to Chrysler LLC’s creditors.
made popular Apr 23 2009
AP, Los Angeles
The Treasury Department lobbed back a new offer to Chrysler LLC’s lenders, proposing that banks and hedge funds which hold $6.9 billion in debt forgive $5.4...
made popular Apr 23 2009
AP, Detroit
General Motors says it may not make a $1 billion bond payment on June 1 if it doesn’t finish a debt-for-equity exchange by then.
made popular Apr 22 2009
AP, Las Vegas
Casino companies Wynn Resorts Ltd. and Las Vegas Sands Corp. each say they have amended their debt agreements to get more breathing room as they repay billions of...
made popular Apr 21 2009
AP, Detroit
Chrysler LLC’s lenders are offering to erase $2.5 billion of Chrysler’s $6.9 billion secured debt in exchange for equity, according to a person briefed on...
made popular Apr 21 2009
AP, Quito
Ecuador’s finance minister says her country will repurchase nearly a third of its foreign debt at a 70 percent discount, ending months of speculation about a...
made popular Apr 20 2009
AP, London
A British parliamentary report has accused heavily indebted Premier League clubs Manchester United, Chelsea and Liverpool of engaging in “financial...
made popular Apr 20 2009
AP, New York
Six Flags has announced a debt restructuring plan, including a stock-for-debt exchange offer, intended to help the theme park operator avoid filing for Chapter 11...
made popular Apr 17 2009
AP, New York
Six Flags has announced a debt restructuring plan, including a stock-for-debt exchange offer, intended to help the troubled theme park operator avoid filing for Chapter...
made popular Apr 17 2009
AP, Toronto
Canwest Global Communications Corp. has received a reprieve from its bankers until April 7 and won’t make a $30.4 million interest payment on some its debt due...
made popular Mar 12 2009
AP, Washington
A senior senator is asking the Federal Trade Commission to investigate reported instances of debt collection firms asking people to pay their dead relatives’...
made popular Mar 11 2009
AP, Washington
So much for privatizing the federal government.
made popular Mar 7 2009
AP, Toronto
Canada’s biggest media company Canwest Global Communications Corp. said Friday it has agreed to extend discussions with lenders by 12 days over a senior credit...
made popular Feb 28 2009
AP, Dedham
Billionaire media mogul Sumner Redstone’s family theater chain, National Amusements Inc., says it has reached an agreement in principle to restructure $1.46...
made popular Feb 27 2009
AP, Baton Rouge
An executive with the group that overseas the Louisiana Superdome and the New Orleans Arena advised lawmakers Tuesday the state must find $27.5 million next year to...
made popular Feb 11 2009
AP,
Patients have several tools to help manage medical costs. Here are some additional tips recommended by debt reduction experts.
made popular Feb 10 2009
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