Sentences with phrase «debt by billions»

Junk debt buyers from small one man operations to large publicly traded Wall Street companies are buying up this old debt by the billions and are banking on the consumer being ignorant of law and their rights.

Pataki says the President has deeply divided the county and driven up the national debt by billions of dollars.

VOTED TO INCREASE STATE DEBT BY BILLIONS.

Not exact matches

Total debt for the quarter was $ 2.8 billion, up $ 89 million from December 31, 2017, including debt issued for acquired aircraft, partially offset by scheduled principal payments.

And while most emerging market debt continues to be issued in local currencies, the IIF said that foreign currency denominated debt issued in these nations swelled by $ 800 billion last year to a record high of $ 8.3 trillion.

The miner, under the leadership of Executive Chairman John Thornton, has focused for the past three years on reducing debt by more than 50 percent from the more than $ 13 billion it hit at the end of 2014 due to overpriced acquisitions and mine development, including Pascua - Lama.

That figure is expected to grow by $ 31 billion by 2015 - 16, handing the Progressive Conservatives ammunition in their assault on the Liberals, who've doubled the province's debt since they took office nine years ago.

It's a big reason why the Financial Accountability Officer believes Ontario's debt will increase to $ 350 billion by 2020.

In April a 40 % stake in its parent, Glencore Agriculture Products, was quietly repatriated by the Canada Pension Plan Investment Board for US$ 2.5 billion as Glencore shed assets to pay down debt.

Then Clear Channel, which was already burdened by $ 8 billion in debt before the buyout, engaged in various debt transactions that funded its own buyout and compensated the PE firms.

It held more than $ 11 billion in long - term debt on its balance sheet by the end of 2017.

By 2025 - 26, the province will be spending $ 16.9 - billion on debt service charges, or 8.8 per cent of revenue.

As of mid-2013, the crown corporation is unprofitable and has $ 1 billion in debt, a pension plan underfunded by $ 6 billion and negative net equity of nearly $ 3 billion.

Barrick plans to eliminate $ 3 billion in debt by the end of the year through asset sales and partnerships, and by using its free cash flow.

• OneWeb, an Arlington, Va. - based satellite company backed by SoftBank (TSE: 9984), has agreed to merge with Intelsat SA (NYSE: I), a Luxembourg - based satellite operator laden with about $ 15 billion in debt.

«We note Valeant has more than $ 30 billion in total debt and approximately $ 3.8 billion due in 2018 - so the proceeds announced today would cover some but not all of what is due by year end 2018... Valeant has not indicated in its press releases if these deals are dilutive to EPS.

Bloomberg reports that China's holdings of US government debt rose by $ 8.5 billion in February to $ 1.18 trillion.

Charter Communications (CHTR), one of the largest U.S. cable companies, will file for bankruptcy protection by April 1, as part of a resturcuting to cut its debt by $ 8 billion, the WSJ reports.

Spinning off Maserati, Alfa Romeo and parts divisions including Magneti Marelli, Teksid and Comau probably would help toward Fiat Chrysler's goal to eliminate 4.2 billion euros in debt by the end of next year.

DCT Industrial Trust — DCT will be bought by logistics rival Prologis in an all - stock deal valued at $ 8.4 billion, including the assumption of debt.

The Barnett government is hoping to raise $ 3 billion by selling 51 per cent of Western Power to Australian investors, and will also use the privatisation deal to remove about $ 8 billion of debt off the state's books.

It is the latest in a series of setbacks for 1MDB, which has been offloading assets to cut a debt load that ballooned to more than $ 11 billion by 2015.

By this past weekend, the company had # 900 million ($ 1.2 billion) in debt and a # 587 million ($ 808 million) pension deficit.

The fund is undergoing a «rationalization» program, launched in May, to reduce its debt of more than $ 11 billion by selling assets.

But the Beijing - based holding firm, little known but founded by well - connected Chinese businessman Lu Zhiqiang, agreed to commit another $ 1.12 billion towards Genworth debt maturing in 2018 and life insurance claims charges, the statement said.

By acquiring EMC, however, Dell has accumulated $ 46 billion in debt, and going public could help the company raise cash and pay some of the debt off, Bloomberg News speculates.

Cineworld said it expected to fund the deal through a rights issue to raise about 1.7 billion pounds ($ 2.3 billion), with the rest provided by committed debt facilities and existing cash.

Toys «R» Us is saddled with debt from a $ 6.6 - billion buyout in 2005 by KKR, Bain Capital and real estate investment trust Vornado Realty Trust.

With such an enormous valuation gap and such a massive amount of cash on the balance sheet, we find it difficult to imagine why the board would not move more aggressively to buy back stock by immediately announcing a $ 150 Billion tender offer (financed with debt or a mix of debt and cash on the balance sheet).

Valeant Chief Executive Joseph Papa is working to narrow the company's focus to its dermatology, gastrointestinal and eye care businesses by pruning other assets to repay its debt of nearly $ 30 billion.

RadioShack, with 21,000 employees, $ 1.2 billion of assets and $ 1.39 billion of debts according to court papers, said it also has an agreement with a lender group led by DW Partners for a $ 285 million loan to operate in bankruptcy.

The retailer was saddled in debt, some $ 4.9 billion, left from a 2005 leveraged buyout for about $ 6.6 billion by private equity giants Kohlberg Kravis Roberts and Bain Capital, as well as real estate trust Vornado.

Gecamines said on Tuesday that debts owed by Kamoto to Glencore and its subsidiaries at the end of 2017 topped $ 9 billion.

The Ariad deal, which Takeda plans to fund by taking on $ 4 billion in new debt as well as existing cash, is expected to close by the end of February.

SEOUL, March 29 - General Motors» South Korean unit plans to ask its U.S. headquarters to roll over a debt of 988 billion won owed by the loss - making unit and coming due in April, a source with direct knowledge of the matter told Reuters.

The 200 - year - old business went into compulsory liquidation at 0600 GMT after costly contract delays and a slump in new business left it swamped by debt and pensions liabilities of at least 2.2 billion pounds ($ 3 billion).

Conservative finance critic Pierre Poilievre called the PBO's findings «damaging» for the government, citing the impact of larger deficits, higher debt payments and a carbon tax that he says will erase at least $ 10 billion per year from the national economy by 2022.

Indeed, a recent paper by IHS concluded that spending on production growth in the U.S. from 2009 through 2013 had exceeded cash flow by an astounding $ 272 billion — and at least 40 % of that was raised by taking on debt.

The question is becoming more important by the day since it carries over $ 5 billion in long - term debt.

Given the softening economy in the latter half of last year and first months of 2013, Finance Minister Jim Flaherty's target of getting back to balance by 2015 — after piling up $ 172 billion in debt in eight years — will depend on three assumptions all coming to good.

Although somewhat sidelined by the European debt crisis, ITER is expected to cost now at least $ 15 billion to build.

An investor group, led by Fairfax, is now planning to lend the company $ 1 billion in convertible debt, and former CEO Thorsten Heins has been replaced by Chen.

If approved by a federal judge, the bankruptcy would force Detroit's thousands of creditors into negotiations with Orr to resolve an estimated $ 18.5 billion in debt.

Earnings before interest, taxes and one - time items rose 20 % to 4.13 billion kroner ($ 652 million), beating estimates of 3.82 billion kroner Sales rose 2 % on a basis that excludes currency and acquisition effects, compared with analysts projections for growth of 3.2 % Debt reduced by 14 % to 21.9 billion kroner Carlsberg reduced its full - year forecast for gains from currency shifts to 50 million kroner from 300 million kroner.

But by last September, just months before the crucial holiday season, relentless competition from Amazon.com Inc. and Walmart Inc. — combined with more than $ 5 billion in debt from a 2005 leveraged buyout — had finally overwhelmed the chain.

Air Canada had more than $ 2 billion of cash on hand and reduced its adjusted net debt by $ 295 million to $ 4.3 billion.

Despite the move, she angered fiscal conservatives, taking Alberta back into long - term debt expected to reach $ 21 billion by 2017 to pay for new schools and health clinics.

SINGAPORE, April 29 - Noble Group will set a date for a special meeting to seek shareholder approval for a $ 3.4 billion debt restructuring after a Singapore court blocked its scheduled annual meeting following legal action by a dissident shareholder.

The gold miner also said it plans to reduce its net debt by at least $ 3 billion this year and look to sell its Porgera joint venture in Papua New Guinea and Cowal mine in Australia.

The troubled drugmaker said it had lowered its debt by $ 1.3 billion in the latest quarter, and that its long - term debt was $ 28.54 billion as of March 31.