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Cracker Barrel Old Country Store Inc. said Friday that lenders have agreed to give the company more time to pay back a revolving credit facility and certain term loans, giving the restaurant chain operator greater flexibility for inventory management and cash flow.
Virgin Media Inc., the London-based provider of TV, Internet and phone services, said Wednesday the pricing has been set for an offering of 715 million pounds ($1.2 billion) in senior notes due 2019 from its subsidiary Virgin Media Finance PLC.
Netflix Inc. on Tuesday priced a senior notes offering.
Ford Motor Co. said Monday it will ask its lenders for extra time to repay at least some of the $10.1 billion borrowed under a line of credit, and will sell about $3.3 billion in stock and convertible debt to raise more cash.
YRC Worldwide Inc. shares plunged more than 50 percent Monday after the struggling trucking company said it is launching a debt exchange offer that could drastically reduce current shareholders' stakes.
The company that owns Indiana's Hoosier Park casino and horse track and a Colorado casino, said that it didn't make interest payments to senior lenders as scheduled this week.
Norwegian Cruise Line Corp. Ltd. on Monday announced a $450 million senior secured notes offering and a new $750 million senior secured revolving credit facility.
In the latest sign CIT Group Inc. is struggling to avoid certain bankruptcy, the commercial lender has again sweetened an offer to restructure outstanding debt.
If Congress can't stop itself from spending the nation into everlasting debt, give the controls to somebody else.
The governors of Maine, New Hampshire and Vermont say they want assurances from FairPoint Communications Inc. that any debt restructuring by the company doesn't further erode customer service.
United Airlines said on Monday it plans to borrow $659.1 million against 31 of its planes, most of it to refinance debt from 2001.
Casino operator MGM Mirage said Thursday that it has ended a debt exchange offer because not enough debt holders accepted the deal.
CIT Group Inc. shares plunged Wednesday as the commercial lender is reportedly trying to craft an exchange that would cut its debt and offer bondholders an equity stake in the company in a bid to avoid bankruptcy.
CIT Group Inc. shares plunged in premarket trading Wednesday as the commercial lender is reportedly trying to craft an exchange that would cut its debt and offer bondholders an equity stake in the company in a bid to avoid bankruptcy.
Delta Air Lines Inc. says it has closed on $2.1 billion worth of financing, which will help with the major debt payments it has due next year.
Troubled phone company FairPoint Communications Inc. said Monday that it's in talks with some of its lenders in hopes of restructuring its debt, but still may be forced to file for bankruptcy protection.
Allegheny Energy, a utility, said Wednesday that a subsidiary will issue $600 million aggregate principal amount of senior unsecured notes.
Oral Roberts University, which was once tens of millions of dollars in the red after a financial scandal tarnished the Tulsa evangelical school, is finally debt-free, school officials said Wednesday.
American Axle & Manufacturing Holdings Inc. said Thursday that it reached a deal to restructure its debt and received millions in financial help from General Motors, likely preventing a bankruptcy protection filing at struggling auto supplier.
A Las Vegas court has pushed back a status check to Oct. 29 for former NBA all-star Antoine Walker, amid talk of possible repayment in an $822,500 casino gambling debt case.
Delta Air Lines Inc. wants to give itself some more breathing room to deal with $904 million in debt that would come due after it receives a single operating certificate to fully integrate Northwest Airlines into its fold.
A year after the financial markets trashed trillions in retirement savings, it's a great time to take a closer look at your investment risk. The Answer Desk, by John W. Schoen.
Health care products and services company Cardinal Health Inc. said Friday that $1.26 billion in debt was tendered in response to the company's offer last month.
Investment firm American Capital Ltd. said it received notice for payment on $393 million of its privately placed notes.
Financial Armageddon: A Growing DivideA picture that shows us the inevitable.
RealClearPolitics - Up Against a Wall of DebtWealthy societies everywhere face a similar dilemma. Debt is ballooning from already high levels. The Congressional Budget Office reckons the Obama administration's planned budgets would increase the debt-to-GDP ratio from 41 percent in 2008 to 82 percent in 2019.
Mark Steyn: Obama makes Bush his blame czarIt's now Obama's war, his jobless rate, his debt, etc.
So my Newsvine payout balance is sitting at a paltry $21.75, well below the $25 necessary for payouts. Right now, it tends to accrue about $0.08 per month, which would mean a long time before it surpasses that magical barrier. I need to do something about this.
US economy is growing once again The figures from the Commerce Department showed that a number of factors helped to lift the economy during the third quarter.
Healthcare & Our Natural RightsHealthcare & Our Natural RightsI was tweeted a news story this weekend and read with absolute astonishment about a petition started by Ohio Representative Dennis Kucinich that aims to declare healthcare a civil right.
Mortgage debt waived after bank can't find paperworkTwo weeks ago, a bankruptcy court in suburban New York did the unthinkable: It waived a homeowner's mortgage debt after the bank trying to foreclose on the home, couldn't submit any proof it had a claim on the property.
States crack down on pushy debt collectorsWINSTON-SALEM, N.C. - With many Americans in dire financial straits, states are cracking down to make sure aggressive debt collectors target only people who legitimately owe them money.
Farmers sell wives to pay debts in rural IndiaThe region is called Bundelkhand, spanning the two northern Indian states of Uttar Pradesh and Madhya Pradesh. It is here that drought, debt and desperation have pushed people to extremes. Some farmers work as bonded laborers for a lifetime to pay off their debts.
For US and Others, How Much Is Too Much Government Debt?Across all the Group of Seven rich nations, debt as a percentage of gross domestic product will rise in 2009, and probably stay elevated at least through 2012, according to International Monetary Fund data.
What's Another Trillion? | Track-A-'Crat: The Roll Call of Democratic DelinquencyEconomic illiteracy is the defining trait of Left-wingers, both as voters and representatives. Having denounced the philosophies of Adam Smith et al to be devastatingly "unfair" – which carries with it the implication of racism, just for good measure -, Barry and his croni …
As unemployment and poverty rise Obama turns to the financial elite for campaign cashThis article provides a transparent picture of how Wall Street and politicians honeymoon while WE THE PEOPLE foot the bill and have gotten nothing for our investment in them from the newly printed trillions that sooner or later will hyper-inflat the economy in my opinion.
The Bare Naked Ladies had a song a few years ago that was SOOO cute and was such a "feel good" kind of song! If you had a million dollars, what would YOU do with it? Would you blow it on 'nothing and everything'? Would you spend it 'efficiently'?
Beware CBO Healthcare EstimatesSo, what is the truth about an agency Congress has not only saddled with the task of predicting the future but also with the requirement that it complete its tasks with numbers and assumptions provided by the "honorable members" who perform their dirty labors under the dome o …
Review of E. San Juan's Toward Filipino Self-Determination: Beyond Transnational GlobalizationIn his latest book, Toward Filipino Self-Determination: Beyond Transnational Globalization, Epifanio San Juan Jr.
When my daughter was born in 1968, I had no health insurance and a crappy low paying job, yet I still managed to pay for her hospital birth with cash because the cost was only about $1000 total.
Democrats' Proposals Add Up to Second StimulusConfronted with big job losses and no sign the U.S. economy is ready to stand on its own, Democrats are working on a growing list of relief efforts, leaving for later how to pay for them, or whether even to bother.
CBO: Senate 'Obamacare' Concept Costs $829 BillionYesterday, the non-partisan Congressional Budget Office reported that the Obamacare bill still being drafted by the Senate Finance Committee will cost a whopping $829 billion dollars while leaving over 25 million people still uninsured by 2019.
Lawmakers show worry over U.S. dollar's dwindling worldwide statusLawmakers say there is a real danger of foreign investors losing faith in the dollar as a secure instrument if the nation's debt continues to mount and the Federal Reserve fails to reabsorb trillions in commitments to help the economy and restore lending.
U.S. Budget Deficit Hit Record $1.4 Trillion in 2009WASHINGTON -- The federal budget deficit tripled to a record $1.4 trillion for the 2009 fiscal year that ended last week, congressional analysts said Wednesday.
California spends millions in late-payment feesThe state has shelled out more than $8 million in late-payment penalties to vendors, contractors and others over the last two years because Sacramento did not send the checks when they were owed, records show.
The Economic Recovery is an IllusionIn light of the persistent exclamations of "an end" to the recession, a "solution" to the crisis, and a "recovery" of the economy; we must remember that we are being told this by the same people and insitutions whcih told us in years past, that there was "nothing to worry about," …
The Economic Recovery That Isn't!While we were focusing our economy on consumer spending, much of the rest of the world was saving for the future. As such, we must begin to produce more for export, so we can sell goods to those who have the money to pay for them.
Democrats Weigh Extending Key Parts of StimulusWhite House officials and Democratic leaders in Congress on Friday said they were weighing extending key elements of the economic-stimulus program as the nation grapples with a deteriorating job market.
The secret to getting out of debt fast?In a weak economy, more people are turning to their credit cards to pay for their day-to-day needs like groceries, clothing and even utility bills. So it is no surprise that credit card debt is at a record level in the United States.
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