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Receivables

Sale of receivables facilitates debt guarantee

Fitch Ratings has upgraded and removed from Rating Watch Positive Transamerica Finance Corp.'s (TFC) senior debt to 'AA-' from 'A' and subordinated debt to 'A+' from 'A-'. Fitch also affirmed TFC's 'F1+' commercial paper (CP) rating. The subordinated debt rating...

Lesco sells receivables, refinances bank debt, eliminates interest rate...

Lesco Inc. (Nasdaq: LSCO) has completed the restructuring of its debt. Lesco said the restructuring includes the sale, for US$58…

#bank#bank loan#conference


Japanese bank to begin factoring Yuan receivables

Mizuho Corporate Bank, a unit of Mizuho Financial Group Inc., has formed an alliance with the Bank of China in…

#bank#Bank of China#receivables


Japan's megabanks to begin factoring Chinese receivables

In December, Mizuho Corporate Bank, a unit of Mizuho Financial Group Inc, will begin buying Chinese receivables from Japanese companies…

#bank#banks#receivables


Capital Factors allege misrepresentation of Cosmopolitan Gem Corp’s account...

Jewellery-store chain Friedman's Inc. said Thursday (2 October)the U.S. Justice Department is investigating a dispute over accounts receivable. Nearly three…

#account receivables#receivables


Ingram Micro expects to record charges related to Micro...

Ingram Micro Inc. expects to record a third-quarter charge of up to $20 million (approximately $13 million net of tax)…


Sale of Bombardier unit likely cut by $150 million...

Bombardier Inc. could see up to $150-million shaved off the $1.23-billion price being paid for its recreational products division. The…


Braskem S.A. raises US$30m against future export US$ receivables

Braskem S.A, leader in the thermoplastics segment in Latin America and among the five largest Brazilian privately-owned industrial companies, today…


Commercial Factors of Cleveland were victims of US$500,000 receivables...

Troy Parker, and Kristine Parker, were indicted by a federal grand jury in Cleveland on charges of conspiracy, mail fraud…

#receivables#Two#WHO


Hall Kinion announces completion of new receivables-based credit facility

Hall, Kinion & Associates, Inc. (Nasdaq: HAKI), The Talent Source®, announced today that it signed an agreement for a $16.0…


Bank of Japan to help SMEs to raise capital...

The Bank of Japan (BoJ) is to kick-start the development of an asset-backed securities market for small businesses to give…

#bank#liquidity#receivables


Swank Inc. enters US$30 million credit agreement against receivables...

John Tulin, President of Swank, Inc. reported the net sales and operating results for the company's first quarter. Net sales…

#bank#interest#interest rate

Consumer direct sales firm raises US$100 million, backed by...

Fingerhut Direct announced today that it has negotiated a $100 million senior secured line of credit comprised of a revolving…

#acquisition#CIT#receivables

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