Senior Debt

Emulex Corp

Emulex sells USD125 million convertible senior notes in private offering

Network connectivity services provider Emulex Corporation announced a private offering of USD125 million Convertible Senior Notes due 2018. Net proceeds of the offering would be used to buyback Emulex's shares of stocks.

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KKR on Bill Sonneborn's resignation

KKR subscribes to structured credit deal with Sanmar Group

KKR provides INR250 crore on top of the previous INR400 crore already given by the buyout firm for the payment of promoter's debts and expansion of business of Sanmar Group.

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Legg Mason

Bill Miller buys JC Penney debt for new high income fund

Legg Mason Opportunity Trust Manager Bill Miller said he bought JC Penney debt for a new fund. Miller holds the record of beating the US benchmark for 15 years.

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Asian shipping

Hanjin Shipping chief steps down, takes responsibility for massive debt

Hanjin Shipping Co Chief Executive Officer Kim Young Min left the company as the South Korean shipper struggles financially due to its ballooning debt.

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Transurban Group Ltd

Transurban buys RBS tunnel debt

Transurban Group Ltd said it would buy the USD465 million debt of Cross City Tunnel from the Royal Bank of Scotland.

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Monier Group Services

UK court grants Monier Group Services loan extension

Monier Group Services was able to get an extension for its debt even without the backing of all its creditors after London's High Court decided on the matter.

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JC Penney

Investors diverge on future of JCPenney

Depending on their risk interpretation of the current debt situation of JCPenney under new CEO Mike Ullman.

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OSX Brasil SA

OSX Brasil SA's secured debt issue increases in value

Amidst rumors of a pending bankruptcy filing, secured bonds of OSX Brazil now trade at a two month high.

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UBS AG to pay back Swiss National Bank for bailout fund value

The Stability Fund was created as part of the bailout package of UBS AG and now, it was time for the bank to pay back the fund under a given formula.

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Banks avoid financial backing for Etisalat over letter of support issued for subsidiary

Two of the most active banks in the Gulf region, Standard Chartered and Citigroup Inc have decided not to support Etisalat's loan for the acquisition of Maroc Telecom.

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Black Pearl Capital

Black Pearl Capital Fund provides financing for Ennovar's production

A working capital facility was made available by Black Pearl Capital Fund for Ennovar's production.

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Investors pick up BlackBerry convertible debt offer

Investors such as Qatar Holding and Fairfax Financial have picked up sizeable amounts of BlackBerry's USD1 billion convertible debt offer.

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Penn West Petroleum Ltd

Penn West looks to sell up to USD2 billion in assets

Canadian oil producer Penn West Petroleum announced that it will be selling up to USD2 billion of its assets to reduce debt levels.

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Alcatel-Lucent SA offers shares and bonds for expansion purposes

According to Alcatel-Lucent SA CEO Michael Combes, investor confidence has returned to the French technology manufacturing firm.

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Citigroup preparing sale of mortgage backed securities, its first since 2008

Without government backing, Citigroup is now offering mortgage backed securities backed by prime jumbo mortgages mortgages from private sources.

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