Crocs enters credit facility agreement with PNC Bank for up to $30 millionSeptember 30th, 2009 Crocs enters credit facility agreement with PNCNIWOT, Colo. — Crocs Inc.
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.
Constellation Energy repays $500M, 6.125 pct bond without refinancingSeptember 2nd, 2009 Constellation Energy repays $500M, 6.125 pct bondBALTIMORE — Constellation Energy Group Inc. on Wednesday said it repaid a $500 million, 6.125 fixed-rate bond without refinancing, as part of its plan to improve liquidity and strengthen its balance sheet.
Arch Coal amends, increases credit facility by $60 millionAugust 27th, 2009 Arch Coal increases credit facilityST. LOUIS — Coal producer Arch Coal Inc.
Watson Pharmaceuticals offering $850 million in mix of senior notesAugust 18th, 2009 Watson offering $850 million in notesMORRISTOWN, N.J. — Drug developer Watson Pharmaceuticals Inc.
Moody's assigned 'Ba1' rating to Watson Pharma sale of $850M in senior unsecured notesAugust 18th, 2009 Moody's rates Watson note offering as 'junk'NEW YORK — Moody's Investors Service on Tuesday assigned a "junk" rating to Watson Pharmaceuticals Inc.'s $850 million offering of senior notes. Moody's gave a Ba1 rating to the sale of five- and 10-year notes.
Nordstrom refinances, secures new $650 million credit facilityAugust 14th, 2009 Nordstrom refinances credit facilitySEATTLE — Nordstrom Inc. on Friday said that it has secured a new three-year $650 million senior unsecured revolving credit facility to replace a prior facility of the same size that was scheduled to mature in 2010.
Sterling Financial files papers to raise up to $500M in shares, debtJuly 21st, 2009 Sterling Financial files papers to raise $500MSPOKANE, Wash. — Sterling Financial Corp.
Citi Investment Research analyst downgrades Watson Wyatt on near-term concerns of combinationJune 29th, 2009 Watson Wyatt shares plunge on downgradeNEW YORK — Shares of Watson Wyatt Worldwide Inc. tumbled more than 7 percent in afternoon trading Monday after a Citi Investment Research analyst downgraded the stock to "Hold" from "Buy," citing short-term concerns about the management consulting firm's proposed combination with competitor Towers, Perrin, Forster & Crosby Inc.
SLM, Ford, Biogen Idec, Cablevision, Chico's FAS are among big market movers MondayJune 29th, 2009 SLM, Ford, Biogen Idec, Cablevision are big moversNEW YORK — Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and Nasdaq Stock Market:
NYSE:
Watson Wyatt Worldwide Inc., down $3.18 at $38
The management consulting company is acquiring its rival Towers Perrin in a $3.5 billion all-stock deal amid shrinking revenue. Teppco Partners LP, up $1.43 at $30.12
Enterprise Products Partners will buy the pipeline operator in a $3.3 billion deal to form the country's biggest public energy partnership.
Management consulting companies Towers Perrin and Watson Wyatt to merge in $3.5B stock dealJune 28th, 2009 Consulting firms Towers Perrin, Watson Wyatt mergeSTAMFORD, Conn. — Management consulting firms Towers, Perrin, Forster & Crosby Inc.
Commercial truck maker Paccar renews $2 billion credit facilityJune 26th, 2009 Paccar renews $2 billion credit facilityBELLEVUE, Wash. — Commercial truck maker Paccar Inc.
Bankruptcy judge gives final approval of Delphi's $250 million credit facilityJune 16th, 2009 Judge OKs Delphi's use of $250M credit facilityNEW YORK — A bankruptcy judge says Delphi can have access to a $250 million credit facility. U.S. Bankruptcy Judge Robert Drain on Tuesday gave final approval to the use of the credit facility, which will be provided by Delphi Corp.'s former parent General Motors Corp.
NBA approved for renewal of leaguewide credit facilityMay 5th, 2009 NBA approved for renewal of credit facilityNEW YORK — Lenders have renewed the NBA's league-wide credit facility, from which 17 of its teams have borrowed $2 billion since it was established in 2003. The NBA said on Monday that approval of the credit by a group of banks led by J.P.
Survey: companies freezing salaries, limiting bonuses say cost cuts may stay as recession ebbsApril 21st, 2009 Survey: cost cuts to remain after recession easesNEW YORK — Salary freezes, bonus reductions and unpaid furloughs have surged in recent months as companies try to survive without layoffs, and a new survey found many businesses intend to keep the cost-cutting measures after the recession eases. Nearly 60 percent of the companies say they are freezing salaries, while another 41 percent have or will tighten bonus criteria for executives.