SolarWorld is seeking to find a compromise agreement with its creditors to avoid insolvency. SolarWorld is discussing with its creditors to finalize an agreement as to the restructuring of the company in the next two to three weeks.
Tags: Debt
JA Solar Holdings Co to Repay Debt
JA Solar Holdings Co is ready to pay off US$119 million for interest and principal on bonds it had issued.
Eskom SOC to Issue Debt to Build Plants
In an effort to improve South Africa's power situation, Eskom SOC would be issuing debt instruments to fund the building of two of the world's largest coal fired plants.
Almarai to Offer Debt for Investment
Almarai Co is to offer nearly US$500 million debt bonds for its expansion program. Almarai Co is a Saudi Arabian food conglomerate that is currently operating a joint venture project with PepsiCo Inc.
Portugal Sells Bond Issues
Portugal bond sale met with high demand as For the first time since the bailout of 2011, Portugal sold ten year bonds. This is a clear manifestation as to the untiring efforts to restore investor confidence in the recovering economy of the country through the hard fought implementation of austerity policies.
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GMR Airports of India is setting up an IPO of shares for expansion and exit purposes. GMR Airports, the largest airport developer in India will be selling shares through an initial public offering in an effort to raise Rs 2,000 crore for two purposes.
Sankaty offers CLOs for US and Europe through its first fund. The credit investment unit of Bain Capital LLC, Sankaty Advisors LLC, had begun raising its first fund focused on collateralized loan obligations.
Telecom Italia's investors meet to discuss future moves Telecom Italia SpA's stockholders are meeting today to discuss its future moves on votes to be made at the annual shareholders meeting of the largest phone company of Italy.
As an alternative to the Sprint Nextel offer, Aurelius Capital Management has offered US$80 million in financing to Clearwire.
Sea World would be offered to the public via an IPO scheduled within the year. Sea World Parks and Entertainment, now owned by Blackstone Group LP, would be offering its shares at initial public offering at a price range between US$24 and US$27 per share.
Mitsubishi UFJ Finance Group is in discussion to acquire US commercial property loans from Deutsche Bank.
The third bid by American Realty for Cole Credit Property Trust was rejected because of its high debt absorption requirement for the higher purchase per share values.
Italian PM Mario Monti finally signs decree approving payments of state debts to private firms. The Italian caretaker government has approved a decree to pay off nearly Eur40 billion state funds to pay off debts it has incurred with private companies.
Transdev would be selling off assets to pay off debts. Veolia Transdev, the French transport group is forecasting 'enormous' demand for its assets.
