Banks Add Step-Down to Frac Tech Loan
- Banks Launch $1.5B TL for Frac Tech Buyout. Kellerhals, Richard // High Yield Report;4/25/2011, Vol. 22 Issue 17, p8
The article reports on the syndication of a 1.5-billion U.S. dollar term loan by Citigroup and bank of America Merril Launch. The said loan will support the buyout of Frac Tech Services by two Asian investment firms, a group of investors including Mahu Investments and a private equity company....
- Banks Launch $1.5B TL for Frac Tech Buyout. R. K. // Leveraged Finance News;4/25/2011, Vol. 1 Issue 17, p1
The article reports on the launch of a 1.5 billion term loan by Citigroup Inc. and Bank of America Corp. to support the buyout for Frac Tech Services in the U.S. in 2011. Frac Tech is reportedly being acquired by several investors including Temasek, RRJ Capital and Maju Investments. According to...
- Price Talk Set on Frac Tech Term Loan. Sheahan, Matthew // High Yield Report;5/2/2011, Vol. 22 Issue 18, p36
This article reports on the establishment of price talk on a term loan for fracturing service provider Frac Tech in 2011.
- B of A, Citi Join the Simple Disclosure Trend. Finkle, Victoria // American Banker;7/9/2012, Vol. 177 Issue 104, p2
The article notes Bank of America and Citigroup plan to offer their customers a simpler form of checking-account fees disclosure and the two banks will adopt the one-page disclosure model promoted by Pew Trusts.
- B of A, Citi Opt to Repay FDIC Program Money. // American Banker;10/17/2011, Vol. 176 Issue 159, p4
The article reports Bank of America Corp. and Citigroup Inc. are planning to repay their share of $231 billion raised under the U.S. loan and economic stimulus program, Temporary Liquidity Guarantee Program, which was run by the Federal Deposit Insurance Corp.
- Citi, B of A Helped by Cost Cuts, Consumers. Moyer, Liz; Boraks, David // American Banker;7/17/2001, Vol. 166 Issue 136, p1
Focuses on the financial accounting at Citigroup Inc. and Bank of America in the U.S. Revenue of the two firms for the second quarter in 2001; Amount of the problem credits sold by the Bank of America; Plans of the Citigroup to buy Grupo Financiero Banamex-Accival company in Mexico.
- Plenty of Good Things to Say At Citi, B of A. BORAKS, DAVID; MOYER, LIZ // American Banker;4/15/2003, Vol. 168 Issue 72, p1
Reports on the profits earned by Citigroup Inc. and Bank of America Corp. for the first quarter of the fiscal year 2003. Corporate sectors from where they earned the profits; Percentage of profits earned from global consumer banking; Percentage of profits earned from corporate and investment...
- Consumer Biz Helps Citi; Loans Hit B of A. Ring, Niamh; Moyer, Liz; Rieker, Matthias // American Banker;1/17/2001, Vol. 166 Issue 11, p1
Focuses on the announcement made by Citigroup Inc. and Bank of America Corp., two of the largest banking companies in the United States, of decline in profits in the fourth quarter of 2000. Impact of Citigroup's purchase Associates First Capital Corp. on the former's revenues; Influence of loan...
- Profits Off, Citi, B of A Brace for More Pain. Moyer, Liz; Mandaro, Laura; Reilly, Patrick // American Banker;4/17/2001, Vol. 166 Issue 73, p1
Reports on the decline in profits suffered by Citigroup Inc. and Bank of America Corp. in the first quarter of 2001. Plan to implement cost-reduction efforts; Forecast earnings for the second quarter of 2001; Concern of some analysts over credit quality.