Credit Line News
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J.C. Penney Co.’s net loss widened in the first quarter as the department-store chain works to rebound from former Chief Executive Officer Ron Johnson’s failed makeover.
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Royal Bank of Canada, Bank of Nova Scotia and six other large Canadian lenders are trading at the lowest premium to U.S. bank stocks in more than two years, as their American counterparts regain the confidence of investors.
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Ion Trading Technologies Ltd., a provider of trading software, increases the size of loans to support a dividend payment and refinance debt to $1.185 billion from $1.12 billion, according to a person with knowledge of the matter.
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Group of Seven finance ministers and central bankers said they are moving toward revamping banking rules and ensuring that any lender on the brink of failure can be shut down without threatening financial stability.
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Cengage Learning Inc., the educational publisher owned by Apax Partners LLP, said it’s seeking to negotiate with creditors on a restructuring plan and may need to file bankruptcy as part of its turnaround efforts.
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Cerberus Capital Management LP is entering the booming market for single-family homes to rent, planning to lend billions of dollars to investors too big for government programs and too small to get Wall Street funding.
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The cost of credit-default swaps insuring debt of Xstrata Plc is slumping amid speculation the contracts won’t cover new debt now the mining company has completed its merger with Glencore International Plc.
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Sharp Corp., the unprofitable maker of Aquos televisions, surged to a 10-month high in Tokyo trading after media reports it will get an increased credit line from lenders and supply Apple Inc.’s new iPhone.
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Air Lease Corp., the jet-leasing company run by billionaire Steven Udvar-Hazy, obtained a $1.7 billion credit line at a lower rate than it was paying on a smaller facility.
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The International Monetary Fund welcomed Colombia’s request to renew its precautionary credit line with the fund and protect its economy from potential shocks.
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