Debt

Portugal banks revises Loan terms

The banks in Potugal had a lot of issues to solve after failing to sell Novo Banco. This has made a lot adjustments that needs to be done by the banks.


Sprint Raises $2.2 Billion Fund Under Complex Transaction Structure

Sprint has announced on Wednesday raising $2.2 billion fund through selling and leasing back of network assets. The complex transaction structure has been facilitated by the internet carrier’s parent ..

SunEdison to File Chapter 11, Probed By SEC

SunEdison is about to file bankruptcy protection to safeguard itself from creditors while trying to recover from its losses while it continues to operate. At the same time it is being investigated by..

OPIC Sanctions $421 Million Debt Financing To India’s Solar And Internet Projects

OPIC, a US private development finance institution has extended support to India to build a low carbon economy and expand the internet infrastructure. It has sanctioned $421 million for India’s solar ..


Latest News

Paragon Offshore files bankruptcy: post debt plan announcement
The oil services company Paragon Offshore Plc filed chapter 11 bankruptcy after the announcement of debt plan. The main reason is to avoid protracted legal battles involving its former parent, Noble C
Tech Mahindra Manages $200 million For Investing In Startups Across The Globe
World Economic Forum (WEF) meeting is the perfect place to represent future business plans. Tech Mahindra, an Indian IT service provider, has been seeking opportunity to invest in startups since long.
Citigroup cancels airline credit facility
After the cancellation of short-term credit facility from Citigroup, South African Airways is in the process of getting guarantee support from the government. South African Airways has had seven CEOs
Glencore to complete 2 deals to slash down debt
Suffering from weakening global commodities for the past one year, Glencore has informed its investors about its plans to reduce debt by $10billion. Towards this debt reduction target, Glencore is pla
Barrick Gold Corp buys back part of outstanding debt
As part of its debt reduction exercise, the world's largest bullion producer Barrick Gold Corp has offered to buy back some part of its outstanding debt. Despite the drop in gold prices, The Toronto-b
Formula One Teams Burn up $300 Million of Debt, 64.2% from Lotus
The ten teams in Formula One auto racing are under a total debt of $318.2 million, and 64.2% of that belongs to Lotus. Lotus belongs to Genii Capital, a private equity firm founded by Skype investor G
Crimeans should pay back loans to Ukrainian banks: Russia
Crimeans should pay off their debts to Ukrainian banks despite now living under Russian law, a Russian central bank official was quoted as saying, marking a change in position by Moscow which had sugg
Putin says Russia won't demand early repayment of $3 billion lent to Ukraine
Russia does not intend to demand early repayment of $3 billion which it lent to Ukraine last year, President Vladimir Putin said in an interview with German TV channel ARD, a transcript of which was r
U.S. student debt burden falling more on top earners, easing bubble fears
Young Americans with big college debts are often portrayed as struggling to pay their bills. The reality is somewhat different - those owing super-sized student loans tend to be higher paid.
As Ukraine's debt tangle unwinds, Russia holds key thread
A selloff on Ukraine's dollar debt is focusing attention on a controversial $3 billion bond held by Russia, raising investor concerns that President Vladimir Putin could use the issue to trigger a cas
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