MGM Mirage ends debt exchange offer because not enough holders accept the dealOctober 1st, 2009 MGM Mirage ends debt exchange offerLAS VEGAS — Casino operator MGM Mirage said Thursday that it has ended a debt exchange offer because not enough debt holders accepted the deal. The offer gave holders the chance to exchange up to $782 million in 8.5 percent senior notes due in 2010 for up to $500 million in 10 percent senior notes due in 2016.
Johnson Controls says convertible notes exchange offer expiresSeptember 18th, 2009 Johnson Controls notes exchange offer expiresMILWAUKEE — Johnson Controls Inc. said Friday that its convertible notes exchange offer has expired.
Delta Air Lines to make offering of new debt with later maturity date to pay existing debtSeptember 16th, 2009 Delta Air Lines plans $500M private debt offeringATLANTA — Delta Air Lines Inc. wants to give itself some more breathing room to deal with $904 million in debt that would come due after it receives a single operating certificate to fully integrate Northwest Airlines into its fold.
Wesco receives $429 million for 2 debt exchange offersAugust 24th, 2009 Wesco receives $429M for debt exchange offeringsPITTSBURGH — Electrical and industrial supplier Wesco International Inc. said Monday it received tender offers valued at $429 million for previously announced debt exchange offerings.
CF Industries extends tender offer for Terra Industries shares until end of AugustAugust 21st, 2009 CF extends tender offer for Terra sharesDEERFIELD, Ill. — Fertilizer company CF Industries Holdings Inc.
Agrium extends takeover bid for CF Industries until Sept. 22August 17th, 2009 Agrium extends CF Industries offerCALGARY, Alberta — Fertilizer company Agrium Inc. is again extending a deadline for its hostile offer to buy out rival CF Industries Holdings Inc.
Legg Mason says 20.9M units, or 91 pct of outstanding units, were exchanged in tender offerAugust 12th, 2009 Legg Mason completes equity unit exchange offerBALTIMORE — Asset manager Legg Mason Inc. said Wednesday it completed an offer to exchange "equity units" for stock, with about 91 percent of units tendered.
CF Industries willing to boost its proposed takeover offer for Terra IndustriesAugust 5th, 2009 CF Industries willing to raise its Terra offerDEERFIELD, Ill. — CF Industries Holdings Inc.
Few notes tendered to McClatchy debt exchange offerJune 26th, 2009 Few take up McClatchy debt exchange offerSACRAMENTO, Calif., — The McClatchy Co.'s offer to exchange debt for a fraction of its value met a 9 percent acceptance rate, the newspaper publisher said Friday. The Sacramento-based company had hoped to exchange $1.15 billion in debt for $60 million in cash and $175 million in new notes to reduce its debt load in the face of a severe decline in advertising revenue.
Belden to offer private placement of notes and amends credit facilityJune 24th, 2009 Belden to offer private placement of notesST. LOUIS — Belden Inc.
E-Trade to raise $400 million through stock offer, plans to exchange $1 billion in debtJune 17th, 2009 E-Trade plans stock offer, debt exchangeNEW YORK — E-Trade Financial Corp. said Wednesday it is raising capital and exchanging debt in an effort to get out from under mortgage-related loan losses.
Validus aims at IPC Holdings shareholders, continuing hostile takeover effortMay 12th, 2009 Validus offers to exchange its share for IPC stockNEW YORK — Validus Holdings Ltd. on Tuesday offered to exchange its own shares for those of fellow Bermuda-based reinsurer IPC Holdings Ltd.
IDBI Bank reduces interest rates on term depositsApril 29th, 2009 NEW DELHI - Taking a cue from the State Bank of India, the state-run IDBI Bank Wednesday announced cut in its interest rates on retail term deposits by 25-50 basis points across various maturity buckets. The bank has also realigned its maturity buckets by bifurcating the three-year-five-day to 10 years maturity bucket into two separate buckets : three-year-five-day to five years, and five years to 10 years.
AP Source: US asks Chrysler lenders to forgive $5.4B in debt in return for 5 percent stakeApril 23rd, 2009 AP Source: New offer made to Chrysler lendersNEW YORK — A person familiar with the matter says the Treasury Department has made a new offer to Chrysler LLC's creditors. The Treasury is asking banks and hedge funds that hold $6.9 billion in debt to forgive $5.4 billion in exchange for a 5 percent stake in a Chrysler-Fiat alliance.
United Bank reduces lending rate by 50 bpsJanuary 5th, 2009 KOLKATA - The United Bank of India (UBI) has reduced its prime lending rate by 50 basis points to 13 percent effective from Jan 12, it said here Tuesday. 'With this, the existing floating rate in all corporate and retail categories borrowers such as SME (small and medium enterprises), agriculture, housing, auto and vehicle loans, as well as potential borrowers will get the benefit of reduced rate of interest,' a bank statement said.
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