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.
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.
Trina Solar receives loan of $304 million to help expand capacity over next three yearsSeptember 8th, 2009 Trina Solar receives $304 million loanNEW YORK — Trina Solar Ltd., a solar power company, said on Tuesday it received a loan of $304 million to expand capacity at its east campus location over the next three years. Loan proceeds will be used to fund capital expenditures for the rest of 2009 and pay back outstanding loans of about $80 million due on June 30.
Harrah's Entertainment to swap existing debt for $720M in new notes due 2017September 8th, 2009 Harrah's offers $720M in new notes to repay debtLAS VEGAS — Casino giant Harrah's Entertainment says it'll offer $720 million in new secured notes to give it more time to repay lenders. The private Las Vegas-based company said Tuesday that it will use the proceeds from selling the new notes, which will be due 2017, to repay debt that is due much sooner.
Trailer Bridge repurchases dome debt at discountSeptember 1st, 2009 Trailer Bridge repurchases some debtJACKSONVILLE, Fla. — Trucking and marine freight services company Trailer Bridge 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'.
KB Home debt offers exceed maximum tender amount, will repurchase on pro rata basisAugust 20th, 2009 KB Home debt offers exceed maximum tender amountLOS ANGELES — Homebuilder KB Home said Thursday the tendered amount for notes in a recently announced offer exceeded the maximum tender amount and it will buy notes on a prorated basis. The company said it received offers to purchase notes with an aggregate principal amount of more than $316 million as of Thursday.
U-Store-It makes $161.2M from public offering of 32.2M common shares; plans to pay off debtAugust 20th, 2009 U-Store-It makes $161.2M from public offeringNEW YORK — Self storage company U-Store-It Trust said Wednesday it made $161.2 million from a public offering of 32.2 million common shares. The Wayne, Pa.-based company said it would use the proceeds to pay off debt and for general corporate purposes.
Dole Foods plans initial public offering of its common stock; seeks NYSE listingAugust 14th, 2009 Dole Food plans initial public offering of stockWESTLAKE VILLAGE, Calif. — Privately held Dole Food Co., one of the world's largest producers of fresh fruit and vegetables, said Friday that it is hoping to raise up to $500 million through an initial public offering of its common shares.
Janus Capital increases stock sale to $200M from $150M, at price of $11 per shareJuly 16th, 2009 Janus boosts stock offer to $200M and prices saleDENVER — Janus Capital Group Inc. said Thursday it priced an offering of $200 million in stock at $11 per share, an increase from its previous plan to sell $150 million in new stock.
Canada forgives debt of 2.3 million Canadian dollars owed by HaitiJuly 2nd, 2009 Canada forgives debt owed by HaitiOTTAWA — Canada has forgiven 2.3 million Canadian dollars ($2 million) in debt owed by Haiti as part of the federal government's plan to relieve impoverished and heavily indebted countries. Finance Minister Jim Flaherty said Thursday the debt relief will let Haiti spend its scarce resources on its priorities instead of its liabilities.
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.
Citigroup finalizes agreement with US, launches offers to exchange preferred stock into commonJune 10th, 2009 Citigroup completes agreement with US governmentNEW YORK — Citigroup says it finalized exchange offers with the U.S. government under which the latter will exchange up to $25 billion of Citi preferred securities for interim securities and warrants.