Banks Make: Mirant Pay Up
- Mirant jumps after banks refuse to play ball. // Power Economics;Jul/Aug2003, Vol. 7 Issue 7, p4
Focuses on bankruptcy of Mirant Corp., an energy company in Atlanta, Georgia. Failure of the bank to agree a restructuring plan ahead of a debt payment; Conflict of interest on investors; Refusal of the banks involved to cooperate with Mirant.
- Company Results. // Power Economics;Jul/Aug2003, Vol. 7 Issue 7, p28
Reports developments related to energy industries in Great Britain as of July 2003. Bankruptcy of Mirant Corp.; Results of cabinet reshuffle; Investigation of the rescue plan for British Energy by the European Commission.
- Investors Head For The Hills As Credit Markets Melt Down. M. S.; C. J. C. // Bank Loan Report;7/30/2007, Vol. 22 Issue 30, p1
The article reports on the decrease of sales of the loans offered in the high yield bond primary market in the U.S. Several postponements on deals including the $12 billion debt package for Chrysler Group, the $10.37 billion deal by Alliance Boots, $3.1 billion debt package of Allison...
- B of A-Countrywide Deal: The Bankruptcy Wild Card. Davis, Paul // American Banker;5/7/2008, Vol. 173 Issue 88, p2
The author reports on the possible impact which actions taken by Bank of America Corp. may have on Countrywide Financial Corp. According to the article, if Bank of America attempts to purchase some of Countrywide's assets and not others, Countrywide may be forced to declare bankruptcy. The...
- Energy Merger Begets HY, Loan Deals. Sheahan, Matthew // High Yield Report;7/12/2010, Vol. 21 Issue 28, p21
The article reports that the merger between Mirant and RRI Energy is expected to include 1.4 billion U.S. dollars in senior notes, a 500-million U.S. dollar term loan and a revolver.
- Market Awaits Debt-laden Mirant's Plan. Cohen, Judy Radler // Mergers & Acquisitions Report;3/10/2003, Vol. 16 Issue 10, p1
Reports that bondholders await the restructuring proposal of Mirant Corp. Amount of debt load of Mirant; Contenders for the business of Mirant; Way for Mirant to refinance its term loan.
- JPM Offers Trans-Atlantic Debt Solution For Infor. G. S. // Bank Loan Report;2/5/2007, Vol. 22 Issue 5, p2
The article reports on the launching of a new debt package for Infor Global Solutions to hit the U.S. and European investors by JPMorgan. While the company's existing $2.34 billion first lien facility will stay put at Libor plus 375 bps, the bridge loan, which was set to expire, will be replaced...
- Will markets lend a hand? Capper, Alan // Utility Week;11/22/2013, p20
The article reports that British energy markets will be requiring huge funds for new infrastructure, but it all depends on how favorable the credit markets will be in 2014. The government estimated that 110 billion pounds is needed to upgrade the infrastructure, which has always been regarded as...
- Pensions Partner with Goldman Sachs in Energy Deal. Pfeuti, Elizabeth // AiCIO News;2013, p1
Sophisticated investors are investing increasing assets in energy production.