debt-financing
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FinanceSweden’s Sbb Exchanges $2.9 Billion Debt, Eyes Lower Leverage
Sweden’s Sbb Exchanges $2.9 Billion Debt, Eyes Lower Leverage Ahead
Date: December 18, 2024
OSLO (Reuters) – Swedish real estate group SBB will have greater flexibility to divest property and to reduce its overall debt after completing a bond exchange offer on Wednesday, the company’s CEO told Reuters. The group said bondholders had agreed to an exchange of debt valued at 2.78 billion euros ($2.92 billion) in return for...
Exclusive-BP Seeks Buyers for US Natural Gas Pipeline System Stake, Sources Say
Date: December 6, 2024
By Sarah McFarlane, David French and Ron Bousso LONDON/NEW YORK (Reuters) – BP is seeking buyers for a stake in its U.S. natural gas pipeline network, four people with knowledge of the matter said. The British energy company could raise up to $3 billion from the sale, two of the people said, with one of...
UK Supermarket Asda Raises $196 Million to Help Pay Down Debt
Date: December 4, 2024
LONDON (Reuters) – Struggling British supermarket group Asda has raised an additional loan of 155 million pounds ($196 million) to help it pay back debt due in the next two years, it said on Wednesday. Asda, Britain’s third largest grocer, said the loan, alongside a similar amount of cash from its balance sheet, will address...
Mfe Lines up $3.6 Billion Loan for Any ProSieben Move
Date: December 4, 2024
MILAN (Reuters) -MFE-MediaForEurope, the TV group controlled by Italy’s Berlusconi family, has asked a group of banks for a 3.4 billion euro ($3.6 billion) loan to cover any financing it may need related to Germany’s ProSiebensat.1, a source told Reuters. MFE, which owns TV operations in Italy and Spain, has built a nearly 30% stake...
Sbb Flags Improving Debt Market for Swedish Real Estate
Date: November 27, 2024
By Greta Rosen Fondahn (Reuters) -Swedish real estate group SBB flagged an improving debt market outlook as it reported reduced third-quarter losses on Wednesday and its continuing efforts to cut debt and restructure its business, sending its shares up 5%. The company was one of several European real estate groups forced to trim debt and...
Adani Group Stocks, Bonds Fall for a Second Day After Founder’s US Indictment
Date: November 22, 2024
By Scott Murdoch and Tom Westbrook (Reuters) –Stocks and bonds of India’s Adani Group dropped for a second session on Friday after a U.S. arrest warrant was issued for its billionaire founder Gautam Adani over an alleged $265 million bribery scheme. Adani Green Energy, the company at the centre of the case, was down 8%...