Valeant Pharmaceuticals International Inc. is seeking to refinance about $5.7 billion of loans, while Samson Investment Co. and Hillman Group Inc. are asking lenders to cut the cost of their bank debt.
Las Vegas Sands Corp., whose credit ratings were increased today to investment grade by Standard & Poor’s, will boost interest to lenders in return for extending its loan maturity and removing financial covenants.
Sipho Mhlongo is angry. The 52-year- old has to drive 30 minutes from his home in Midrand to his workplace in Johannesburg, and a new toll could add about 15 rand ($1.46) a day to the cost of the journey.
I'd never have believed it had I not seen two charts this morning courtesy of www.strategasrp.com. Each shows banks relative to gold, expressed as a price ratio. The first is U.S. banks, the second is European banks.
Las Vegas Sands Corp., the casino company controlled by billionaire Sheldon Adelson, is seeking $3.25 billion of loans to pay off an existing credit pact, according to a person with knowledge of the transaction.