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Verizon sets pricing on $14 billion bank loan

2013-09-09 23:29:18| Telecom - Topix.net

Verizon Communications set pricing on the $14 billion bank loan backing its $130 billion acquisition of the 45 percent stake in Verizon Wireless that it does not already own from Vodafone Group Plc , sources told Thomson Reuters LPC.

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Freescale Semiconductor Announces Increase of New Term Loan Facility from $300 million to $800 million

2013-09-09 07:00:00| Freescale Press Releases

AUSTIN, Texas--(BUSINESS WIRE)--Sep. 9, 2013-- Freescale Semiconductor, Inc. (Freescale), a wholly owned subsidiary of Freescale Semiconductor, Ltd. (NYSE:FSL), announced today that Freescale has been advised by the arrangers under its proposed new senior secured term loan facility that they have received sufficient orders to upsize the proposed new term loan facility to $800 million from the original $300 million proposed at the outset of the offering. The proceeds from the proposed new term loan facility are intended to be used to redeem, repurchase or otherwise acquire all of Freescales outstanding 10% senior secured notes due 2018 and a portion of its 9% senior secured notes due 2018, and to pay related redemption premiums and fees. Freescale will pay for a portion of its expenses with cash on hand. The foregoing does not constitute a notice of redemption for any outstanding notes. The purposes of the transaction and the application of the proceeds are to extend a portion of For more information click on title.

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Sugar Processor Takes Unusual Late Loan

2013-09-05 09:14:31| Sugar Industry News

American Crystal Sugar Borrows $71 Million From USDA

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IMF approves $6.7bn Pakistan loan

2013-09-04 20:52:03| BBC News | Business | UK Edition

The International Monetary Fund (IMF) has approved a $6.7bn (4.3bn) loan for Pakistan amid a continuing economic crisis in the country.

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Wonga profits leap on loan demand

2013-09-03 12:42:24| BBC News | Business | UK Edition

Short-term loan provider Wonga reports a 35% jump in profits for 2012, as consumers continue to seek access to fast credit.

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