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Tag: debt
Enbridge raises $2 billion in financing, with aim of paying down short-term debt
2016-02-25 02:22:57| Oil & Gas - Topix.net
Pipeline giant Enbridge Inc. has announced an agreement to raise $2 billion by selling its own shares, the proceeds of which will go toward paying down short-term debt. Enbridge and a group of Canadian and U.S. banks have agreed to issue 49.14 million shares on a bought-deal basis.
Debt a complicating factor in oil bust, Occidental CEO warns
2016-02-23 02:22:58| Oil & Gas - Topix.net
The massive amount of dollars owed and the terms they come with could force more oil and gas drillers to restructure their businesses in bankruptcy court instead of pursuing cost-saving combinations with competitors, Occidental Petroleum CEO Stephen Chazen tells the IHS CERAWeek conference. Companies typically can combine to reduce costs in times of struggle, but many oil and gas companies already have made deep cuts to overhead, and a number of loans come with terms that could make mergers difficult, Chazen says.
No One Wants to Help Kanye West Get Out of Debt
2016-02-18 02:04:13| PC Magazine Software Product Guide
A GoFundMe campaign has raised a little over $1,500, a far cry from the $53 million he "needs."
Russia sues Ukraine over $3bn debt
2016-02-17 17:09:48| BBC News | Business | UK Edition
Russia has filed a lawsuit against Ukraine at London's High Court over a $3bn (2.1bn) debt.
Tags: russia
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ukraine
sues
JC Penney explores HQ sale to lower debt
2016-02-08 12:10:00| Daily apparel & textile news and comment - from just-style.com
JC Penney has revealed it is exploring the sale and partial leaseback of its headquarters in Plano, Texas, to reduce the US department store retailer's debt and lower its expenses.
Tags: sale
lower
debt
explores
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