Debt Management News Archive

27-Feb-2009

 

  • Ferretti Lender Mediobanca to Buy Stock, Swap Debt, Sole Says (Bloomberg)
    Feb. 27 (Bloomberg) -- Ferretti SpA lender Mediobanca SpA will buy new shares of the company in addition to swapping some of its debt for equity of the Italian yachtmaker, Il Sole 24 Ore reported without naming anyone.


  • Korea Bad Bank Pays More for Loans, Plans Rescue Fund (Update3) (Bloomberg)
    Feb. 27 (Bloomberg) -- Korea Asset Management Corp. will pay more for bad debt than during the 1997-1998 Asian crisis and plans a 20 trillion won ($13 billion) fund to restructure companies, widening efforts to support banks.


  • Clinical Data Raises $50M in Convertible Debt Offering (GenomeWeb News)
    NEW YORK (GenomeWeb News) ? Clinical Data today said that it has completed a $50 million convertible debt financing with New River Management V and another affiliate of Randal J. Kirk, chairman of Clinical Data's board of directors.


  • Clinical Data, Inc. Announces $50 Million Convertible Debt Financing (Centre Daily Times)
    Clinical Data, Inc. (NASDAQ:CLDA) today announced that it has completed a $50 million convertible debt financing with New River Management V, LP and another affiliate of Randal J. Kirk, Chairman of Clinical Data?s Board of Directors. The primary use of the capital will be to advance the Company?s two late-stage therapeutic programs through key milestone events anticipated this year including: 1) ...


  • Clinical Data raises $50M in debt offering (Boston Business Journal)
    Clinical Data Inc. has completed a $50 million convertible debt financing with New River Management and another unnamed investor, both associated with the company?s chairman Randal J. Kirk.


  • Japan?s Bonds Fall on Concern Government Will Boost Debt Sales (Bloomberg)
    Feb. 27 (Bloomberg) -- Japan?s bonds fell after government reports added to evidence the world?s second-largest economy is headed for its worst postwar recession, spurring speculation that debt sales will increase to fund stimulus measures.


  • Japan?s Bonds Fall on Concern Government Will Boost Debt Sales (Bloomberg)
    Feb. 27 (Bloomberg) -- Japan?s bonds fell after government reports added to evidence the world?s second-largest economy is headed for its worst postwar recession, spurring speculation the Ministry of Finance will sell more debt to fund stimulus plans.


  • Clinical Data, Inc. Announces $50 Million Convertible Debt Financing (Business Wire via Yahoo! Finance)
    NEWTON, Mass.----Clinical Data, Inc. today announced that it has completed a $50 million convertible debt financing with New River Management V, LP and another affiliate of Randal J.


  • Third Avenue's Distressed Debt Play (Forbes)
    Value stock picker Marty Whitman had a rough 2008. Now he's looking for deals in distressed debt where, he says, Third Avenue can exercise some control.


  • Babcock Power Seeks to Avoid Debt Covenant Default (Update1) (Bloomberg)
    Feb. 27 (Bloomberg) -- Babcock & Brown Power , the Australian electricity producer that is selling plants to reduce borrowings, said it?s seeking to avoid defaulting on its debt covenants after a ?soft? start to the year cut forecast profit.



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