* CIT talks to top banks for new financial support Jul 19, 2009
The company is also in talks with bondholders about a debt for equity swap, the source said. But the source in the bondholders group said many bondholders were pursuing a debt for new debt exchange and that a debt for equity exchange was not a real consideration. (Taipei Times, Taiwan -- World Business)
Concerns grow over jobs May 28, 2009
Its hopes to avoid bankruptcy protection were dealt a blow on Tuesday when its bondholders turned down a debt for equity swap that would have greatly reduced its debt burden. GM spokesperson Julie Gibson said she was not aware of any plans to revisit the deal with bondholders. (BBC News -- Europe)
European stocks follow US down on debt concerns May 28, 2009
Also undermining investor confidence somewhat was the growing expectation that General Motors Corp. will be forced into bankruptcy court as soon as Monday after bondholders rejected a debt for equity swap. Despite the recent lull the Dow has lost ground for five out of the last six days stocks around the world have rallied strongly over the last few weeks, with some major indexes moving into positive territory for the year. (Yahoo News -- Press Releases)
GM Bankruptcy May be Unavoidable (7:19 a.m.) May 27, 2009
NEW YORK (AP) - General Motors is expected to announce early Wednesday that few bondholders have agreed to a debt for equity swap, likely leading to a bankruptcy filing. The announcement is expected to say that only a small fraction of the holders of its $27 billion in bonds agreed to swap that unsecured debt for a 10 percent equity share of a recapitalized GM.. (WTVR.com, VA)
U.N.: Can halt violence against women May 23, 2009
DETROIT, May 22 (UPI) -- Major General Motors Corp. creditors said Friday they had turned down a debt for equity swap, an action that pushes the U.S. automaker closer to bankruptcy. Briefings & Analysis. (Yahoo News -- Women's Issues)
Buyout king hits the rocks Apr 12, 2009
Foxtons, the estate agency bought by BC Partners, is in talks with its banks about a possible debt for equity swap, which could see its lending banks write off as much as 90m of their original investment. CVC, meanwhile, has posted a 25% drop in profits to 1. (New York Post -- Business)
Cattles shares plunge on profits warning Feb 21, 2009
A spokesman said that negotiations with its banks were ongoing , but one industry analyst warned that it is not going too good , adding that a debt for equity swap was likely. Cattles three biggest shareholders, Standard Life, Barclays and UBS, which would be the biggest losers of any such deal with the banks, and between them own 28. (Independent)
LIBERTY to the rescue? Feb 17, 2009
The deal offered by Liberty would involve a debt for equity swap and would leave Mr Malones group, which controls , the US satellite television company, with a meaningful stake in Sirius, this person said. EDITORS CHOICE. (The Drudge Report)
