Oct. 15 (Bloomberg) — CIT Group Inc. , the 101-year-old commercial lender seeking to avoid collapse, is in talks with some bondholders to amend terms of its $29 billion debt exchange, according to people familiar with the matter.
CIT Debt Prices Signal Concerns Exchange May Fail (Update1) (Bloomberg)
Oct. 2 (Bloomberg) — CIT Group Inc. bond and credit- default swap prices show that investors are speculating the 101- year-old commercial lender’s offer to exchange about $29 billion of its debt won’t prevent it from filing for bankruptcy protection.
America’s Debt Mentality (Fox News)
We are expected to have debt. It’s a lifestyle.
CIT Submits Debt-exchange Plan, – We Are The Market
Closely-watched century-old lender CIT Group Inc. offered up a plan late Thursday night that has salvaged its operations, at least for now, slicing $5.7bn away from its debt obligations by turning control over to its creditors in a …
Oracle to Offer $4.5 Billion of Debt in Three Parts (Update2) (Bloomberg)
June 30 (Bloomberg) — Oracle Corp. , the world’s second- largest software maker, plans to sell $4.5 billion of debt in a three-part offering, according to a person familiar with the transaction.
BTA Bank Debt Talks May Slow as Goldman Sachs Quits as Adviser (Bloomberg)
July 1 (Bloomberg) — BTA Bank’s effort to restructure as much as $15 billion of debt may slow after Goldman Sachs Group Inc. resigned as an adviser for Kazakhstan’s largest bank.
Going Green to Get Out of Debt (ABC News)
ABC’s Jerika Richardson reports from New York: In an effort to help save some of the world’s disappearing tropical forests the United States is offering Indonesia some much needed debt relief. Today, the Indonesian government signed a “debt-for-nature swap agreement”…
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