Tue, Jul 14th, 2009
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BANGALORE, July 14 (Reuters) - U.S. TV station ownerSinclair Broadcast Group Inc (SBGI.O) said a potentialinsolvency of its partner, Cunningham Broadcasting, couldtrigger its own bankruptcy.
Cunningham Broadcasting, which recently defaulted ondelivering a year-end financial statement under a credit pact,is Sinclair's local marketing agreement partner for sixstations.
Cunningham Broadcasting received a waiver and the bankgroup extended payment of $33.5 million, which was due June 30,by a month, Sinclair said in a conference call with analysts onTuesday.
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CIT says secures $3 bln credit facility
Jul 19th, 2009 - Reuters
NEW YORK (Reuters) - U.S. lender CIT Group Inc said on Monday it secured a $3 billion credit facility from bondholders and would start a comprehensive restructuring, in moves seen crucial for the company to avoid a bankruptcy filing. The company...
CIT Group board OKs rescue loan
Jul 19th, 2009 - Los Angeles Times
The board of CIT Group Inc., one of the nation's largest lenders to small and mid-size businesses, approved a deal with major bondholders to keep the company out of bankruptcy...
CIT Shares Soar On Possible $3B Bondholder Financing >CIT
Jul 19th, 2009 - Wall Street Journal
NEW YORK (Dow Jones)--Shares of CIT Group Inc. (CIT) soared Monday after reports emerged that the struggling lender is close to reaching a deal to receive $3 billion from bondholders to prevent a bankruptcy filing. The deal...
Gov. Pat Quinn travels to Iraq
Jul 19th, 2009 - ChicagoTribune.com
Gov. Pat Quinn this weekend traveled to Iraq, where he dined with Illinois service members and held a town hall meeting to answer their questions on everything from the economy to how he became governor. Quinn...
CIT reaches tentative $3 bln deal with bondholders
Jul 19th, 2009 - Reuters
NEW YORK (Reuters) - CIT Group Inc has reached a tentative deal with a bondholder group for $3 billion in rescue financing, which the lender hopes will help it avoid bankruptcy...
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Sinclair Broadcast may file Chapter 11 bankruptcy
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