With the offering, the company said it intends to
cut its debt by about $ 2.8 billion.
In the same period, corporations have drastically
cut debt levels, bringing it to par with equity and the lowest level in over a decade.
GB: Because we have got a deficit reduction plan to
cut the debt in half over the next four years.
The company reached a deal with creditors to enter Chapter 11 bankruptcy protection, which will
cut their debt by $ 300 million.
China is planning to relax its goal
of cutting debt in its economic outline that's set for release Wednesday, The Wall Street Journal reported Tuesday.
Vodafone and Idea, which both own stakes in Indus Towers, had said they would look at selling their stakes in Indus, and also dispose of other tower assets they separately own to
help cut debt in the merged telecoms carrier.
The world's biggest miner BHP Billiton reported a 25 percent rise in underlying half - year profit on Tuesday, helped by robust metals prices, and said its focus remains
on cutting debt and boosting shareholder returns.
He also said it was consistent
with cutting debt, which the Tory leader said last week would be the priority for his government.
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The Trustee can not compel you to liquidate specific assets, but he or she will not approve any proposal that allows you to keep significant assets while at the same
time cutting your debts.
Fiat Chrysler said its first - quarter adjusted earnings rose five percent to C$ 2.51 billion as the
automaker cut debt by C$ 2 billion.
But regulators, led by the powerful government commission overseeing state assets — known as the State - owned Assets Supervision and Administration Commission, or SASAC — are pushing for changes in the rules to help heavily indebted state
companies cut debts.
Borrowers issued the fewest bonds in Australia in almost three years last quarter as Europe's budget crisis roiled markets, driving up yield premiums, while the nation's banks used record term deposits to
cut debt offerings.
For Speaker Boehner to
claim cutting the debt is a «moral» imperative and then attempt to do so by cutting food aid for children while giving millionaires tax breaks... I think Matthew 15:8 sums it up nicely: «This people draweth nigh unto me with their mouth, and honoureth me with their lips; but their heart is far from me.»
After years of near collapse at Elders, some analysts are starting to turn positive on the rural services company, which has
dramatically cut its debt levels.
Tom cut the debt, produced eight balanced budgets, and received a record thirteen straight bond upgrades.
If voters think we are deficit hawks we need to spell out the benefits of that position and of the risks of
not cutting debt.
By not having to pay interest for several months on that balance you have moved to the new credit card you have the ability to pay off a large amount of the principal of this
debt cutting your debt by hundreds of dollars or more very quickly.
(Bloomberg)-- Hudson's Bay Co. agreed to sell its iconic Lord & Taylor building in Manhattan and unloaded a minority stake to a private equity firm to help the struggling Canadian
retailer cut debt and bolster its balance sheet.
The investments by New York - Based Rhone and WeWork, an office - sharing firm, will help Hudson's
Bay cut debt and boost cash by a combined C$ 1.6 billion ($ 1.27 billion), and may lead to additional real estate transactions, the company said.
(Bloomberg)-- Pacific Sunwear of California Inc. won court approval to exit bankruptcy
after cutting debt, closing some stores and pressuring landlords to reduce rent at the malls where the teen - clothing chain does business...
«Do what you can to increase your income, cut your expenses, and
start cutting your debt,» says Al Feth, a fee - only adviser in Waterloo, Ont.
York, Pennsylvania - based Bon - Ton, which traces its roots to 1854, had 23,000 employees and 256 stores across 23 states when it filed for Chapter 11 bankruptcy in February with the hope
of cutting debt and emerging from a brutal retail landscape under a new owner.
Sbarro expects to
cut its debt load by more than 80 percent, and said nearly all its lenders support its restructuring, which requires court approval.
Singapore - listed commodities trader Noble Group (nobgy) agreed to sell its North American energy distribution unit to U.S. firm Calpine (cpn) for $ 1.05 billion, moving a step closer to completing a restructuring to raise $ 2 billion to
help cut debt.
We need to continue to focus
on cutting our debt and defecit in common sense ways, and hopefully, next year, the goal is to go through the regular appropriations process department by department, committee by committee, instead of one end of the year spending bill.»
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Ashurst cut its debts and significantly improved its cash position during the last financial year, the firm's limited liability partnership (LLP) accounts have revealed.
Remington filed for bankruptcy in March with a deal in hand to
cut its debt by about $ 775 million, a little more than one...