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.
Star Tribune emerges from bankruptcy protection with new ownership, reduced debtSeptember 30th, 2009 Star Tribune emerges from bankruptcy protectionMINNEAPOLIS — The Star Tribune of Minneapolis has emerged from bankruptcy protection with new ownership and reduced debt. In emerging from Chapter 11 on Monday, the Star Tribune is now owned primarily by its senior lenders, led by investment group Angelo, Gordon & Co.
Wynn Resorts amends credit agreement to issue up to $500M in notes to pay down debtSeptember 14th, 2009 Wynn issuing up to $500M in notes to pay down debtLAS VEGAS — Casino operator Wynn Resorts Ltd. plans to issue up to $500 million in new secured notes to help it pay down its debt.
A look at clove cigarettes, which will be banned in September under federal tobacco lawsSeptember 7th, 2009 A look at clove cigarettesCLOVES: Also known as kreteks (pronounced "cree-techs") for the crackling sound they make when burned, the cigarettes contain tobacco blended with cloves. WHERE THEY STARTED: They originated in the 1880s in Indonesia and are a staple of the Indonesian smoking culture — so much so that companies like Philip Morris International Inc.
NCI Building Systems' shares plunge after company announces debt exchange termsAugust 27th, 2009 NCI announces debt exchange terms; shares plungeHOUSTON — Metal building-components maker NCI Building Systems Inc. said Thursday it would proceed with an offer to exchange the notes of existing bondholders with cash and a minority stake in the company.
S&P raises E-Trade credit ratings on completion of $1.74B debt exchangeAugust 26th, 2009 S&P raises E-Trade credit ratings on debt swapNEW YORK — Standard & Poor's Ratings Services on Wednesday upgraded online retail broker E-Trade Financial Corp.'s credit ratings after its newly completed debt exchange, but kept the ratings within junk territory. S&P raised E-Trade's credit rating one notch to 'CCC' from 'CC'.
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.
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.
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.
Six Flags seeks Chapt. 11 bankruptcy protection, says it needs to shed $1.8 billion in debtJune 13th, 2009 Six Flags seeks Chapt. 11 bankruptcy protectionNEW YORK — The amusement park company Six Flags is seeking Chapter 11 bankruptcy protection, saying it needs to reorganize and shed $1.8 billion of debt.
6 Flags seeks Chapt. 11 bankruptcy protection, says it needs to shed $1.8 billion in debtJune 13th, 2009 6 Flags seeks Chapt. 11 bankruptcy protectionNEW YORK — The amusement park company Six Flags is seeking Chapter 11 bankruptcy protection, saying it needs to reorganize and shed $1.8 billion of debt.
Forest Oil widens 1st-quarter loss to $1.2B on write-down, losses on investmentsMay 4th, 2009 Forest Oil widens 1Q loss on write-downDENVER — Natural gas and oil producer Forest Oil Corp. said Monday it widened its first-quarter loss because of a write-down for oil and gas properties.
Officials tell AP Chrysler will file for Chapter 11 bankruptcy protectionApril 30th, 2009 Officials tell AP Chrysler will file Chapter 11WASHINGTON — Officials tell the AP that Chrysler will file for bankrutpcy protection as talks with creditors fail. The No. 3 U.S. automaker faces a government deadline of 11:59 p.m.
GM says it may have to miss $1B bond payment June 1 due to pending debt-for-equity offerApril 22nd, 2009 GM may skip $1B bond payment due to exchange offerDETROIT — General Motors Corp. may miss a $1 billion bond payment due June 1 if it doesn't complete a debt-for-equity exchange by then, the company said Wednesday.
Indonesian plane crash kills 10April 17th, 2009 JAKARTA - An Indonesian plane crashed in the eastern province of Papua Friday, killing at least 10 people onboard, according to an Indonesian Transportation ministry official.
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