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.
AB InBev to Sell Central Europe Units to CVC, Reducing Its Debt (Bloomberg)
Oct. 15 (Bloomberg) — Anheuser-Busch InBev NV agreed to sell beer brands in nine eastern European countries to CVC Capital Partners Ltd. for as much as $3 billion, reducing debt with its second asset sale to a buyout firm in a month.
Debt analysis may help your business address cash flow issues (Salem Statesman Journal)
Most of us know instinctively the amount of debt we have, personally and professionally. Debt is neither good nor bad, but if debt is keeping you up at night, you may need to re-examine how you are managing it.
Limitations apply for credit card debt (Miami Herald)
I have a problem that I need some clarification on. I have some credit card debt from 1992. Collection agencies are still trying to get money from me. What is the statute of limitations? I thought it was seven years. Please clear this matter up for me.
Elders to Sell A$500 Million of Shares to Cut Debt, Review Says (Bloomberg)
Sept. 1 (Bloomberg) — Elders Ltd. is seeking to sell as much as A$500 million ($422 million) of new shares to cut debt, the Australian Financial Review reported.
Comercial Mexicana Bondholders Agree to Debt Exchange (Update1) (Bloomberg)
Aug. 31 (Bloomberg) — Controladora Comercial Mexicana SAB , the Mexican retailer that defaulted on debt in October, said local bondholders approved a proposal to exchange their bonds for new debt.
U.S. Raises Offer to Restructure Chrysler’s Debt (New York Times)
The Treasury Department has sweetened the terms of its offer to Chrysler ’s senior lenders on how to reduce the company’s debt with a new offer, a person with knowledge of the matter said Wednesday.
GM’s Debt Denial (Forbes)
Word they won’t make $1 billion debt payment makes bankruptcy seem more likely for Fritz Henderson’s automaker.
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