American Airlines Inc. is seeking to reduce the cost of a $1.9 billion term loan after last week winning bankruptcy court approval of the deal it reached with regulators to complete its merger with US Airways Group Inc., according to a person with knowledge of the transaction.
Atlantic City’s borrowing costs have risen as much as 21 percent since 2012 as the New Jersey gambling resort increases debt to refund property-tax bills appealed by casinos struggling with a seven-year business slump.
Rural/Metro Corp., the bankrupt ambulance service, won a judge’s tentative approval for a lawsuit settlement that will distribute as much as $11.6 million to stockholders of record before a $438 million buyout in 2011.
JGWPT Holdings Inc., the firm that offers cash for settlements under the J.G. Wentworth brand, fell in its debut after pricing a decreased number of shares below a reduced range in its U.S. initial public offering.
Mark Dixon, the billionaire founder of Regus Plc, the world’s largest operator of serviced offices, has more than doubled his fortune in the past year as increased demand for flexible office space propelled the company’s share price to an all-time high.
Dell Inc., the computer maker that founder Michael Dell and Silver Lake Management LLC are taking private for $24.9 billion, is working with AlixPartners LLP on its turnaround, according to people with knowledge of the matter.