Mezzanine Debt

Penthouse publisher files for Chapter 11 protection

The publisher of Penthouse magazine, FriendFinder Networks, filed for Chapter 11 bankruptcy.

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IMF completes first review of Cyprus bailout program

After completion of the Cyprus review, IMF released another USD113 million for the bailout of the country.

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Deerfield provides financing to Imris

Deerfield announced today funding of a credit facility for Imris Inc. valued USD25 million.

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KV Pharmaceuticals declares reorganization plan successful

The bankruptcy Chapter 11 plan for KV Pharmaceuticals sufficiently reduced its debt and opened a USD375 million recapitalization facility.

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American Restaurant Concepts gets USD 1 million credit facility from Blue Victory Holdings

Blue Victory Holdings Inc extend a USD 1 million credit facility to American Restaurant Concepts.

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Ontario Teachers, Hastings Funds Management refinance USD 1.54 billion loan

Ontario Teachers Pension Plan and Hastings Funds Management refinanced their existing loan worth AUD 1.646 billion or USD 1.54 billion.

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Certificate of Deposit rate rigging scandal investigation continues with visit to KFIA

The Korean Financial Investment Association was visited by members of the Fair Trade Commission to obtain documents on its probe as to alleged rate fixing for the country's certificate of deposit.

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Portugal's new deputy prime minister seeking new budget quotas from international lending agencies

Paulo Portas, the new Portuguese deputy prime minister, would have oversight over budget negotiations, a position that would prove problematic in light of Portugal's compliance with previous requirements.

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Chinese authorities pushing banks to comply with Basel III

The Chinese government, amidst calls for a pending crisis due to bad debts, is pushing its banks to shore up its capitalization in compliance with Basel III.

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Raiffeisen Bank International to increase bad debt provisions for 2013

Raiffeisen Bank International had been drubbed by bad debts in its Eastern European business as well as insolvencies and restructuring in its home country of Austria.

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India Infoline Finance planning to expand its network

The network branches of India Infoline Finance had been set to expand its clientele and service offerings.

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Monte Paschi revises bailout plan, seeks increase to EUR2.5 billion extra capital

Italian Banca Monte dei Paschi di Siena has raised its capital for the bank's revised bailout plan to EUR2.5 billion or USD3.3 billion.

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Goldman Sachs, JPMorgan, Bank of America scramble to fund Rue21 acquisition

JPMorgan Chase Co., Bank of America Corp. and Goldman Sachs Group Inc. would not be able to get out from their financial commitments to a buyout of retailer Rue 21 by private equity firm Apax Partners.

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To avoid bankruptcy, OGX Petroleo may seek more cash from bondholders

OGX Petroleo, Eike Batista's flagship company, may seek more financial assistance from bondholders to avoid seeking bankruptcy protection.

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Dots receives USD51 million in refinancing

Salus Capital Partners provided Dots, the fashion apparel retailer, a USD51 million refinancing package through a senior secured credit facility with a term loan.

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