Under the terms of the new plan, presented Wednesday afternoon, Chrysler’s lenders, who hold about $6.9 billion worth of debt, would receive about 22 cents on the dollar, or $1.5 billion. They would also receive a 5 percent equity stake …
Skyrocketing Private Loan Debt at Trade Schools | New America Blogs
We have long been concerned that for-profit colleges and trade schools have been aggressively pushing financially needy students to take on high-cost private student loan debt to help cover their costs. …
G.M. Likely to Skip $1 Billion Debt Payment – DealBook Blog …
Update | 6:37 p.m. General Motors would likely forego making a $1 billion bond payment due June 1, opting instead to begin a debt-exchange offer by then, a spokesman for the carmaker said in a statement on Wednesday. …
GM Will Miss Its $1 Billion Debt Payment, Stock Plummets
General Motors Corp. will not make a $1 billion debt payment due June 1, its CFO, Ray Young, told reporters on Wednesday. Instead, it is hoping to complete a debt-for-equity exchange or be forced to resort to bankruptcy.
GM to Default on Its Debt – Stephen Spruiell – The Corner on …
Wednesday, April 22, 2009. GM to Default on Its Debt [Stephen Spruiell]. So says the WSJ. Just yesterday it was reported that the Obama administration had approved the company for $5 billion in additional loans. …
2 Casino Giants Amend Debt Agreements – DealBook Blog – NYTimes.com
All four of the nation’s largest casino companies — MGM Mirage and Harrah’s Entertainment, in addition to Las Vegas Sands and Wynn — have sought new debt agreements to help them cope with falling revenue during the global recession. …
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