Fairmount Mineral Ltd., the industrial sand producer owned by American Securities Capital Partners LLC, plans to lower the rate it will pay on an $815 million term loan, according to a person with knowledge of the transaction.
The bipartisan Washington consensus to rewrite the U.S. tax code has a flaw that will make it difficult to turn talk into law. There’s little agreement on what a tax overhaul means and what it’s supposed to achieve.
Ameriforge Group Inc., a maker of forged products for the oil and gas industry, is seeking $500 million of loans to back its buyout by First Reserve Corp., according to a person with knowledge of the transaction.
President Barack Obama called for $1.4 trillion in fresh revenue from Americans at the top of the income scale, proposing higher taxes on wages and investments and limiting breaks for retirement savings and health insurance.
U.S. prisoners pay as much as $17 for a 15-minute call with their families in a jailhouse phone market dominated by two private equity-backed companies, and that cost now is drawing scrutiny from regulators.
A report from the chief congressional scorekeeper casts doubt on Republican efforts to cut the corporate tax rate to 25 percent without increasing the U.S. budget deficit or shifting the cost to other taxpayers.