Hearing on Delaware diocese bankruptcy plan resumes
Hearing on Delaware diocese bankruptcy plan resumes
WILMINGTON, Del. — The chief financial officer for the Roman Catholic Diocese of Wilmington told a federal bankruptcy judge Thursday that the diocese needs to borrow almost $10 million to make its bankruptcy reorganization plan work. But Joseph Corsini said the diocese has yet to reach a final agreement with a commercial lender, even as the [...]
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Foreign loans in demand
Foreign loans in demand
Calcutta, July 5: Telecom players are refinancing their high-cost domestic loans that were used to win expensive 3G licences with cheaper loans from abroad.Six telecom firms — Tata Teleservices, Tata Teleservices (Maharashtra), Aircel, Idea Cellular, Reliance Communication and Infotel Broadband — have raised $3.705 billion (approximately Rs 16,500 crore) through external commercial borrowing …
Read more on www.telegraphindia.com via Yahoo! India News
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Broke New Jersey Seeking $2.25 Billion Bridge Loan At Up To 9% From JPMorgan For Emergency Funding
Broke New Jersey Seeking $2.25 Billion Bridge Loan At Up To 9% From JPMorgan For Emergency Funding
Is New Jersey the canary in Meredith Whitney’s coalmine? According to the WSJ, New Jersey may be the first state to use the highly unconventional approach of using a commercial bank funded bridge loan as large as $2.25 billion to “plug a cash shortfall.” The loan raised by Chris Christie’s state, “would… Continue reading
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