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Plaza Hotel Auction Said Canceled After Lenders Grant an Extension

2016-03-28 20:59:00| National Real Estate Investor

Hui-yong Yu Next months auction for the Plaza Hotel in Manhattan was canceled after the holders of the mortgage reached a deal to give the borrowers more time to sell the property. read more

Tags: hotel grant auction extension

 

Penn West seeking leeway from lenders, posts $1.6-billion quarterly loss

2016-03-11 08:30:43| Energy - Topix.net

Penn West Petroleum, which posted a $1.6-billion net loss for the last three months of 2015, is looking for some leeway from its lenders. The Calgary-based crude producer said Thursday that it should finish the first quarter onside with its debt agreements, but warned that won't be the case by the end of June if low oil prices persist.

Tags: west posts loss seeking

 
 

Transcom reaches agreement with lenders for EUR 90 million credit...

2016-03-10 03:53:15| Appliances - Topix.net

Stockholm, 9 March 2016 Transcom WorldWide AB today announced that the company has signed a syndicated credit agreement with ING, Nordea and SEB to implement a EUR 90 million multi-currency revolving credit facility. The facility has a tenor of three years with an option to extend for one year.

Tags: eur agreement credit million

 

Mallya in talks to settle debt with lenders

2016-03-07 11:49:22| Beverages - Topix.net

Super Saturday is shaping up very nicely for Ted Cruz But he did say he expects to win the state, and he harkened back to his 2010 Senate race against then-Gov. On Sunday evening he was on track to win Puerto Rico's primary by a landslide. "Here's the bottom line".

Tags: with debt talks settle

 

Realty agents say lenders are refusing to give them closing documents in advance

2016-03-02 14:31:56| Real Estate - Topix.net

New rules that limit a real estate agent's access to closing documents make it harder for home buyers to learn of errors and avoid settlement delays. When you're buying a house, don't you want an experienced set of eyes checking out the closing papers for errors and potential overcharges? Of course.

Tags: give documents advance agents

 

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