Debt Exchange stories:
CIT Group Files Bankruptcy, Seeks to Cut $10 Billion in Debt
Nov 2nd, 2009 - Bloomberg
Nov. 2 (Bloomberg) -- CIT Group Inc., the 101-year-oldcommercial lender that saw its funding dry up in the creditcrunch, filed for bankruptcy in an effort to cut $10 billion indebt following a failed debt exchange and U.S...CIT in Deal With Icahn to Support Bankruptcy Plan
Oct 30th, 2009 - Bloomberg
Oct. 30 (Bloomberg) -- CIT Group Inc., the 101-year-oldcommercial lender trying to avert collapse, reached an agreementwith billionaire investor Carl Icahn to support its prepackagedbankruptcy plan. Icahn...
YRC sees debt exchange as a "key milestone"
Oct 30th, 2009 - Reuters
OVERLAND PARK, Kan., Oct 30 (Reuters) - YRC Worldwide Inc(YRCW.O) is close to achieving a "key milestone" and is well onthe road to regaining its financial footing as it negotiateswith bondholders for a debt exchange...
UPDATE 1-CIT secures $4.5 bln credit facility
Oct 28th, 2009 - Reuters
* Receives $4.5 bln more in financing * Lenders include some bondholders (Adds background on Icahn's offer, share price) NEW YORK, Oct 28 (Reuters) - Struggling commercial lenderCIT Group Inc (CIT.
CIT secures $4.5 bln credit facility
Oct 28th, 2009 - Reuters
* Receives $4.5 bln more in financing * Lenders include some bondholders NEW YORK, Oct 28 (Reuters) - Struggling commercial lenderCIT Group Inc (CIT.N) said on Wednesday it obtained $4.5billion more of financing from its creditors...
Debt Exchange videos from YouTube:
6:00CM: Why Distressed Debt Exchanges Are Tantamount To Defaults
9/3/09-Distressed debt transactions have become fairly common in the past year, for governments as well as corporations. Although many issuers consider debt exchange as a way to avoid default, we may evaluate such transactions as defaults if they meet our criteria for a distressed debt exchange ...
2:02Sex in exchange for debt.
detroitiscrap.com myFOXDetroit.com Staff - A bill collector now faces sexual assault charges. 43-year old George Edward Herron is accused of going to a Roseville woman's home to discuss a delinquent account then offering to make the bills go away in exchange for a sex ...
22:26Boehner: Speaker Pelosi's Government Takeover of Health Care Will Dim the Light of Freedom
to health care reform, not Speaker Nancy Pelosis 2032-page government takeover that increases costs, adds to our skyrocketing debt, destroys jobs with tax hikes and new mandates, and cuts seniors Medicare benefits. Americans asking ...
1:01July 23 Biz Minute
the first time since January Gasoline futures jumped today even though US fuel supplies have been building for six straight weeks, Citigroup carried out a part of the debt exchange offers today that will give the federal government a 34 percent stake in the bank ...
