FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
 
Skip Navigation LinksHome / ...

ABL Advisor Search Results

News Stories (44 Results) - Bloomberg

With three-quarters of all new loans considered "covenant-lite," lenders are now eyeing deals that include too many additional protections with suspicion, according to a report from Bloomberg. The report notes that lenders are favoring lenient terms... Read Story
September 25, 2017, 07:42 AM


Bloomberg reports Nine West Holdings Inc.’s senior lenders have agreed to lift a loan restriction in order to give the struggling footwear chain breathing room to get through the holiday season, according to people with knowledge of the matter.The... Read Story
October 26, 2016, 08:01 AM


Bloomberg reports that Aeropostale Inc. settled a dispute with lenders that threatened to scuttle a potential bid from a Versa Capital Management unit to buy the teen-clothing chain out of bankruptcy.Versa Capital Fund III is working with Aeropostale... Read Story
August 09, 2016, 07:24 AM


Bloomberg reports EverBank Financial Corp., the largest bank based in Florida by deposits, is exploring a sale after receiving interest from a potential suitor. This is according to people familiar with the matter.Bloomberg says the... Read Story
July 26, 2016, 07:50 AM


Bloomberg reported American Apparel Inc. founder Dov Charney is working with a small investment bank on a potential bid to buy the clothing retailer out of bankruptcy.Charney, who has been trying to regain control of American Apparel since being... Read Story
December 07, 2015, 08:03 AM


Bloomberg reports Caesars Entertainment Corp. won a court ruling that gives it breathing room to try to negotiate an end to a bondholder lawsuit that could force the gambling company into bankruptcy alongside its main operating unit.A federal judge... Read Story
August 28, 2015, 07:20 AM


Bloomberg reported Capital One Financial Corp. and Apollo Global Management are poised to make final bids for General Electric Co.’s health-care finance unit, people with knowledge of the matter said.According to the Bloomberg report, final offers... Read Story
July 27, 2015, 07:51 AM


Bloomberg reports that Capital One Financial Corp. and Apollo Global Management have made offers for General Electric Co.’s health-care finance unit, which could fetch more than $11 billion, according to people familiar with the matter.In addition... Read Story
June 26, 2015, 08:02 AM


Bloomberg reported that Wells Fargo & Co. and Toronto-Dominion Bank are exploring offers for a batch of U.S. commercial-lending businesses General Electric Co. is selling as whittles down its finance arm.According to the Bloomberg story, Capital One... Read Story
June 12, 2015, 07:45 AM


Bloomberg reported General Electric is running ahead of schedule on its plan to shed the bulk of its lending unit, with about $100 billion of assets to be unloaded this year.The Bloomberg report notes Chief Executive Officer Jeffrey Immelt stated he... Read Story
May 21, 2015, 07:54 AM


Bloomberg reports RadioShack Corp.’s biggest shareholder, already seeking to buy hundreds of stores from the bankrupt electronics retailer, agreed to a separate sale of the chain’s name, with bids to start at $20 million. The Bloomberg article notes... Read Story
February 26, 2015, 08:01 AM


According to a Bloomberg story, Caesars Entertainment Operating Co. is to open its $20 billion bankruptcy fight today, pitting creditors against the gambling company’s controlling shareholders, Leon Black’s Apollo Global Management and David... Read Story
January 26, 2015, 07:43 AM


Body Central Corp., the struggling women’s clothing retailer, said lender Crystal Financial LLC has terminated its $17 million credit line, dealing another blow to a company that’s already exploring bankruptcy according to a Bloomberg news story. The... Read Story
January 12, 2015, 07:38 AM


According to a news item from Bloomberg, the back-up bidder for Revel AC Inc., now having the right to buy the shuttered Atlantic City, New Jersey casino, wants the bankruptcy judge to cut the $95.4 million purchase price by $8.4 million in view of... Read Story
December 29, 2014, 08:04 AM


Bloomberg reported the Federal Reserve said it plans to oversee GE Capital Corp. in a similar manner to the way it supervises large bank-holding companies. According to the Bloomberg report, the Fed asked for public comment today on its regulation... Read Story
November 26, 2014, 07:44 AM


A major RadioShack Corp. lender is attempting to buy a bigger part of the electronic retailer's debt in exchange for backing the company's store-closing plan, Bloomberg reported, citing people familiar with the matter.Salus Capital Partners LLC is... Read Story
October 31, 2014, 07:36 AM


Bloomberg reported the former owner of Fox & Hound and Champps casual dining restaurants wants a 90-day extension of its exclusive right to propose a Chapter 11 plan. Lender Cerberus Business Finance LLC bought the business in March without an... Read Story
October 14, 2014, 07:41 AM


A Reuters news story reports cash-strapped electronics retailer RadioShack Corp has reached an agreement with a consortium led by its largest shareholder Standard General LP to refinance about $590 million of loans to re-stock ahead of the holiday... Read Story
October 03, 2014, 07:29 AM


Bloomberg reports Brookfield Property Partners LP, the winning bidder for the shuttered Revel casino and hotel in Atlantic City, said it plans to reopen the property as it expands its investments in gambling venues.The Bloomberg article notes... Read Story
October 02, 2014, 07:41 AM


According to an article from Bloomberg, some senior lenders to Apollo Global Management LLC’s (APO) Momentive Performance Materials Inc. said they want to change their vote on the chemical company’s bankruptcy plan to “yes” so they can collect a cash... Read Story
August 29, 2014, 08:08 AM


Bloomberg reports Revel, the bankrupt Atlantic City casino, will close its doors next month after failing to find a qualified buyer, dealing the latest blow to the struggling New Jersey resort town. The two-year-old facility, built for $2.6 billion... Read Story
August 13, 2014, 07:03 AM


Bloomberg reports that Energy Future Holdings Corp., the bankrupt Texas power provider, agreed to delay until June 30 a court fight over a restructuring agreement it struck with some creditors before filing for bankruptcy.After negotiating with... Read Story
May 23, 2014, 07:36 AM


According to a Bloomberg article, CIT Group agreed to sell its student lending business to Nelnet Inc. for about $1.1 billion.Most of the proceeds will be used to repay debt secured by student loans, leading to a net gain in the second quarter, CIT... Read Story
April 17, 2014, 06:53 AM


Bloomberg reports Constar International Holdings LLC, a maker of plastic soda bottles, won bankruptcy court approval of three asset sales totaling about $113.6 million, including a sale of the majority of its assets to Plastipak Packaging Inc. for... Read Story
February 11, 2014, 07:26 AM


Atari Inc., the bankrupt video-game maker, won court approval to seek creditors’ votes on its plan to exit bankruptcy protection as a going concern. U.S. Bankruptcy Judge James M. Peck approved the company’s disclosure statement, an outline of the... Read Story
November 01, 2013, 07:16 AM


Bloomberg reported that Fort Worth-based RadioShack, which is retooling its stores to try to reverse a sales slide, received commitments for $835 million in new financing. Bloomberg obtained this information from sources with knowledge of the matter.... Read Story
October 22, 2013, 07:42 AM


Bloomberg reports Dell Inc., the computer maker that founder Michael Dell and Silver Lake Management LLC are taking private for $24.9 billion, is working with AlixPartners LLP on its turnaround, according to people with knowledge of the... Read Story
September 25, 2013, 07:32 AM


Bloomberg reports J.C. Penney denied a report that CIT Group has stopped funding some of its suppliers. Shares tumbled when The New York Post reported that CIT ceased supporting deliveries from small manufacturers to its stores. The newspaper didn’t... Read Story
August 01, 2013, 07:53 AM


Bloomberg reports Hudson’s Bay Co. has obtained about $2.8 billion of debt financing commitments to back its purchase of luxury retailer Saks Inc.Bank of America and Royal Bank of Canada are providing $1.9 billion of term loans and a $900 million... Read Story
July 31, 2013, 07:06 AM


Bloomberg reported that John Thain, chief executive officer of CIT Group, discussed the outlook for the company and the U.S. financial industry while speaking on Bloomberg Television's "Market Makers".According to the Bloomberg report, Thain declined... Read Story
June 13, 2013, 07:52 AM


Bloomberg reports Cerberus Capital Management LP, the private-equity firm led by Stephen Feinberg, has raised $1.32 billion for a middle-market loan fund that will seek to take advantage of a pullback in lending. One of Cerberus Levered Loan... Read Story
March 21, 2013, 08:07 AM


Bloomberg reported that General Electric distanced itself from a report that it might consider spinning off GE Capital. As reported yesterday by Dow Jones, Chief Executive Officer Jeffrey Immelt told business leaders in Sydney that he’d “never say... Read Story
March 21, 2013, 07:26 AM


Bloomberg reports Hostess Brands Inc., the bankrupt maker of Wonder bread announced Apollo Global Management and C. Dean Metropoulos & Co. agreed to pay $410 million for the majority of its snack business, including its iconic Twinkies. In a court... Read Story
March 13, 2013, 07:09 AM


Bloomberg reported Mattel Inc. increased its revolving line of credit, while cutting the interest rate and extending its maturity. The toymaker increased commitments under the loan to $1.6 billion from $1.4 billion, the El Segundo, California-based... Read Story
March 11, 2013, 02:54 PM


Bloomberg reported Mattel Inc. increased its revolving line of credit, while cutting the interest rate and extending its maturity. The toymaker increased commitments under the loan to $1.6 billion from $1.4 billion, the El Segundo, California-based... Read Story
March 11, 2013, 02:54 PM


Gardner Denver Inc., an industrial equipment maker, obtained $3.4 billion of debt financing to back its leveraged buyout by KKR & Co. The company is getting a $1.8 billion term loan, $525 million of bank debt that can be drawn in euros, a $400... Read Story
March 11, 2013, 07:11 AM


Siemens First Capital Commercial Finance LLC won dismissal of a lawsuit accusing it of breach of contract over the cancellation of an initial public offering for a security-alarm service business. Whitecap (US) Fund I LP sued Siemens First Capital... Read Story
March 01, 2013, 07:10 AM


Bloomberg reports that Tribune Co. (TRBAA), the publisher that emerged from bankruptcy at the end of last year, said it hired JPMorgan Chase & Co. (JPM) and Evercore Partners Inc. (EVR) as financial advisers after receiving unsolicited interest in... Read Story
February 27, 2013, 07:11 AM


Bloomberg reported the biggest U.S. banks including JPMorgan Chase & Co. and Citigroup Inc. are lending the smallest portion of their deposits in five years. The reports cites data compiled by Credit Suisse Group AG which shows the average... Read Story
February 21, 2013, 08:04 AM


Bloomberg reported Hostess Brands won bankruptcy court approval to hold auctions for brands including Wonder Bread, Twinkies and Drake’s. U.S. Bankruptcy Judge Robert Drain in White Plains, New York, today approved Flowers Foods Inc. (FLO), McKee... Read Story
February 12, 2013, 07:08 AM


LodgeNet Interactive filed for bankruptcy protection with plans to be taken over by affiliates of Colony Capital, which will invest $60 million and work with DirecTV to provide on-demand movies to hotel rooms. LodgeNet had about $292 million in... Read Story
January 28, 2013, 07:06 AM


Federal Reserve Chairman Ben S. Bernanke’s unprecedented bond buying pushed the Fed’s balance sheet to a record $3 trillion as he shows no sign of softening his effort to bring down 7.8 percent unemployment. The Fed is purchasing $85 billion of... Read Story
January 25, 2013, 07:03 AM


Bloomberg reports THQ Inc., the bankrupt video-game maker, will be split up after winning court approval to sell most of its assets to multiple buyers for about $72 million, topping an offer that would have kept the company intact. U.S. Bankruptcy... Read Story
January 24, 2013, 07:28 AM


Bloomberg reports NewPage Corp., the largest U.S. coated-paper maker, won court approval of its plan to reorganize and exit bankruptcy in the hands of its first-lien noteholders.The company will leave bankruptcy with about $500 million in debt after... Read Story
December 14, 2012, 07:38 AM