International Business News - Financing http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Developers Diversified Realty Corp. said Monday it raised $600 million from financing and asset sales during the third quarter. The shopping-center developer said it earned $525 million from financing activities and $73 million in asset sales. http://www.ibtimes.com/articles/20081013/developers-diversified-realty-raises-600m-in-3q.htm Mon, 13 Oct 2008 10:51:23 EDT Capital One Financial Corp. said Friday that it's ending its auto dealer showroom financing programs in New York and New Jersey. Steven Thorpe, a spokesman for the McLean, Va.-based bank, said the decision was made after a regular review of the bank's investments and isn't related to the current problems in the credit industry. http://www.ibtimes.com/articles/20081010/capital-one-dropping-dealer-financing-in-ny-and-nj.htm Fri, 10 Oct 2008 12:39:48 EDT Drug developer Mylan Inc. said Thursday it completed $500 million of interest rate swaps in a move meant to take advantage of a decline in medium-term interest rates. http://www.ibtimes.com/articles/20081009/mylan-completes-500-million-interest-rate-swap.htm Thu, 09 Oct 2008 08:01:45 EDT Brocade Communications Systems Inc. said Tuesday that it entered into a $1.2 billion secured credit facility with Bank of America to finance a portion of its acquisition of Foundry Networks Inc. http://www.ibtimes.com/articles/20081007/brocade-gets-1-2b-financing-for-foundry-deal.htm Tue, 07 Oct 2008 18:26:41 EDT Empire Resorts Inc. said Tuesday that a joint-venture partner in an upstate New York hotel and casino project has received $250 million in financing from an insurer with close ties to labor unions. http://www.ibtimes.com/articles/20081007/empire-resorts-joint-venture-gets-250-mln.htm Tue, 07 Oct 2008 15:41:26 EDT MGM Mirage said Monday that it completed the first stage of its $3 billion financing package for CityCenter, a $9.2 billion Las Vegas Strip casino project being developed with Dubai World. http://www.ibtimes.com/articles/20081006/mgms-citycenter-gets-1st-stage-of-financing.htm Mon, 06 Oct 2008 13:02:41 EDT Dana Holding Corp. said Thursday it drew $200 million from its $650 million credit facility as it weathers "uncertainty in the financial markets." The auto parts maker said prior to drawing on its secured revolving credit facility, it had more than $1 billion in cash on hand. The new cash will be available to support seasonal working capital needs and other business costs, the company said. http://www.ibtimes.com/articles/20081002/dana-draws-down-200-million-from-credit-facility.htm Thu, 02 Oct 2008 07:51:13 EDT Car rental company Dollar Thrifty Automotive Group Inc. said Tuesday it modified its permissible debt for the next 60 days to maintain compliance with its debt convenants. http://www.ibtimes.com/articles/20080930/dollar-thrifty-amends-credit-agreements.htm Tue, 30 Sep 2008 10:59:20 EDT Callon Petroleum Co. said Monday it has completed a $250 million credit agreement maturing in September 2012. The second amended and restated senior secured credit agreement provides the oil and gas exploration company with an initial $70 million--or $20 million of additional liquidity over the facility it replaced--which is to be reviewed twice a year. http://www.ibtimes.com/articles/20080929/callon-petroleum-completes-250m-credit-facility.htm Mon, 29 Sep 2008 11:04:11 EDT Office-supplies retailer Office Depot Inc. said Friday it entered into a new $1.25 billion asset-based credit facility. The facility will be secured by Office Depot's inventory, accounts receivable, cash and depository accounts. http://www.ibtimes.com/articles/20080929/office-depot-gets-1-25b-financing.htm Mon, 29 Sep 2008 07:48:03 EDT Goodyear Tire & Rubber Co. said Thursday it intends to draw $600 million from a revolving credit line because it has been unable to tap an investment in a money market fund. http://www.ibtimes.com/articles/20080925/goodyear-to-draw-on-credit-facility.htm Thu, 25 Sep 2008 17:11:46 EDT Natural gas and oil producer Quicksilver Resources Inc. said Wednesday its lenders agreed to increase the borrowing base on its credit facility to $1.2 billion. http://www.ibtimes.com/articles/20080924/quicksilver-lenders-to-expand-credit-facility.htm Wed, 24 Sep 2008 09:05:55 EDT Timeshare resort operator Silverleaf Resorts Inc. said Tuesday it raised its revolving credit agreement with Wells Fargo Foothill Inc. to $50 million from $35 million. http://www.ibtimes.com/articles/20080923/silverleaf-boosts-revolving-credit-facility.htm Tue, 23 Sep 2008 11:53:15 EDT Rental car company Dollar Thrifty Automotive Group Inc. said Tuesday it is seeking an amendment to the permitted leverage under its senior secured credit facility, citing a challenging third quarter. http://www.ibtimes.com/articles/20080923/dollar-thrifty-seeks-amendment-to-credit-facility.htm Tue, 23 Sep 2008 07:35:51 EDT Bond insurer MBIA Inc. on Monday reiterated that it has sufficient cash and government securities in its Asset/Liability Management portfolio to fund termination payments in the event of a ratings downgrade. http://www.ibtimes.com/articles/20080922/mbia-reiterates-it-can-fund-termination-payments.htm Mon, 22 Sep 2008 09:48:29 EDT ACE USA, the U.S.-based retail operating division of the Bermuda-based insurer ACE Group of Cos., said Friday it increased the limit of several lines of its business, including professional liability, commercial umbrella and excess casualty and medical professional, to $50 million from $25 million. http://www.ibtimes.com/articles/20080919/ace-increases-capacity-on-liability-lines.htm Fri, 19 Sep 2008 13:57:35 EDT General Growth Properties Inc. said Thursday it has obtained additional mortgage facility funding as part of its $1.75 billion secured portfolio. The funding brings the total amount outstanding to $1.51 billion, the mall real estate investment trust said. http://www.ibtimes.com/articles/20080918/general-growth-properties-secures-more-funding.htm Thu, 18 Sep 2008 10:09:01 EDT The Asian Development Bank and the Islamic Development Bank have agreed to each provide up to $2 billion to co-finance development projects over the next three years in 11 countries, mostly in Central and Western Asia. http://www.ibtimes.com/articles/20080916/asian-and-islamic-banks-agree-on-co-financing.htm Tue, 16 Sep 2008 07:23:37 EDT Juice retailer Jamba Inc. said in a note to investors on Friday that it completed its previously announced financing agreement for a $25 million two-year senior secured-term note. http://www.ibtimes.com/articles/20080912/jamba-completes-25-million-in-financing.htm Fri, 12 Sep 2008 13:45:23 EDT A Swedish prosecutor has decided not to press charges against the three Swedes arrested on suspicion of funding terrorism earlier this year. Prosecutor Ronnie Jacobsson said Friday he could not prove that the men had intended to send money to terrorist organizations. http://www.ibtimes.com/articles/20080912/sweden-drops-charges-against-3-terror-suspects.htm Fri, 12 Sep 2008 12:42:31 EDT