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Ice negotiates extension to 2nd stage of investment in Nextel Brazil

2017-11-10 14:23:00| Telecompaper Headlines

(Telecompaper) Ice Group said that it has requested an extension of time to exercise its option to increase its ownership in Nextel Holdings, the company that indirectly owns Nextel Brazil. Ice and Nextel Holdings have started discussing the terms of an extension to the "Step 2 investment" of the Nextel Brazil transaction, it said.

Tags: stage investment brazil 2nd

Toys R Us Negotiates $88 Million Mezzanine Deal for Propco II

2016-09-23 19:55:00| National Real Estate Investor

Rick Green Toys R Us Inc. received a tentative offer for an $88 million financing deal that requires the toy retailer to raise as much as $512 million in the commercial mortgage-backed securities market. read more

Tags: ii toys million deal

Oi negotiates extension of BRL 14 bln in bank debt - report

2016-08-15 09:15:00| Telecompaper Headlines

(Telecompaper) Brazilian operator Oi is close to reaching a tentative agreement with banks to postpone BRL 14 billion in debt payments without any discounts, reports O Globo. The proposal on the table is to divide up this amount over a period of 15 years, a source familiar with the process said. Banco do Brasil is the largest creditor, with BRL 4.4 billion, followed by BNDES (BRL 3.3 billion), China Development Bank (BRL 2.4 billion), Caixa Economica Federal (BRL 1.9 billion) and Itau (BRL 1.5 billion). Financial institutions account for just over 21 percent of the total debt of the company, of approximately BRL 65.4 billion. According to the same source, the banks will not accept shares of the operator in exchange for debt.

Tags: report bank extension debt

Rahm's Floor Leader Negotiates Lower Garbage Fee, Senior Discount

2015-09-21 15:21:00| Waste Age

Chicago Sun-Times Chicago would impose a first-ever garbage-collection fee of $9.50 per household, but senior citizens would get a 50 percent break, under a compromise hammered out behind-the-scenes by Mayor Rahm Emanuels City Council floor leader. read more

Tags: lower senior floor discount