Category Archives: Company Debt

Subhash Chandra claims only 8.8% of outstanding debt

Former Zee Entertainment Enterprises Limited (ZEEL) Chairman Subhash Chandra said in an open letter on Tuesday that only 8.8% of its overall debt remained outstanding and 91% of dues had been paid. He added, however, that there is a dispute with a lender and the matter is pending in court. “I am pleased to report […]

Firm Hired to Help People Pay Off Suddenly Closes – WSOC TV

Some Channel 9 viewers who thought they were tackling their debt are looking for answers after the sudden shutdown of the company they hired to help them. Several people contacted Action 9 and said they paid Carolina Legal Services hundreds of dollars each month to help them out of the red. Now that the business […]

Wonderla plans to buy over-indebted theme parks

Wonderla Holidays has earmarked investments worth 500 crore to establish small-scale parks and resorts, coupled with the acquisition of some over-indebted theme parks in the country and the upcoming installation in Chennai . After Covid, several theme parks across the country are in financial crisis or have gone bankrupt with the pandemic that hit their […]

Altria Group (NYSE: MO) is not yet restructuring its debt.

Altria Group, Inc. (NYSE: MO) is a major player in the tobacco industry. With well-known brands like Marlboro and a portfolio of other tobacco products, the company has expanded into other businesses as well, but is now looking for exits and focusing on its core business. Yet, over the past 5 years, the debt ratio […]

Recommended benchmarks or credit sensitive indices: the best way forward? | Arent Renard

General In the United States, SOFR is the recommended benchmark but has not been widely adopted. In the UK, SONIA is the recommended benchmark and has been widely adopted. What is best to use depends mainly on the combined debt and interest rate swap situation of the company and the bank. Recommended references The positive […]

Does Cogna Educação (BVMF: COGN3) use too much debt?

Berkshire Hathaway’s Charlie Munger-backed external fund manager Li Lu is quick to say “The biggest risk in investing is not price volatility, but whether you will suffer a permanent loss of capital”. It is only natural to consider a company’s balance sheet when looking at its level of risk, as debt is often involved when […]

Reliance Infrastructure raises 550.56 cr through the preferential allocation of securities

Reliance Infrastructure has grown ₹550.56 crore by issuing securities on a preferential basis, the company said on Monday in a regulatory filing. In this issue, the company headed by Anil Ambani allocated 8.88 crore of warrants convertible into an equivalent number of shares. “Following the approval of the members, by postal vote, Reliance Infrastructure Limited […]

Gatchalian to sue abusive debt collectors

SEN. Sherwin Gatchalian has pledged to pass a law criminalizing abusive debt collection practices by certain online lending platforms. Gatchalian warned financial service providers on Sunday against continuing their illegal acts. The growing number of consumer complaints against online loans or loan sharks amid the pandemic was “quite worrying,” Gatchalian said. The deputy chairman of […]

Student loan giant loses another private debt release case in bankruptcy

Student borrowers with certain types of private loans have moved closer to being able to pay off that debt in bankruptcy after a New York court ruling. Thursday, the United States Court of Appeals for the Second Circuit face with student debtor Hilal Homaidan against student loan giant Navient (NAVI), who had argued that private […]

A master’s degree in debt

Here are three of the week’s top financial news, gathered from the web: A master’s degree in debt “Elite universities have awarded thousands of master’s degrees that don’t provide graduates with enough career income to start paying off their federal student loans,” Melissa Korn and Andrea Fuller told The Wall Street Journal. The most extreme […]