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Loan Agreement
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NIB Provides Financing for Volvo Cars' New Engine Technology
Nov 30, 2016The Nordic Investment Bank (NIB) and the Volvo Car have signed a five-year loan agreement of SEK1bn (EUR102m) to finance the next phase of the company's R&D program. The loan will support financing for the development of new modular ...
Tags: Volvo Cars, R&D programme
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Olam Secures $175m Loan From IFC for Food Processing Facilities in India and Nigeria
Apr 21, 2016Olam International has entered into a $175m five-year loan agreement with IFC, a World Bank Group unit, to fund its working capital and capital expenditure requirements for four of its food processing facilities in Nigeria and India. The ...
Tags: Olam, IFC, Food Processing Facilities
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Towerjazz Panasonic Agrees Further 5-Year Loan of $70m with Japanese Banks
Dec 9, 2015Specialty foundry TowerJazz (which has fabrication plants at Tower Semiconductor Ltd in Migdal Haemek, Israel, and at its subsidiaries Jazz Semiconductor Inc in Newport Beach, CA, USA and TowerJazz Japan Ltd) has signed a definitive ...
Tags: TowerJazz Panasonic, CMOS, Semiconductor
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Reuters Breaks Down Go Scale Capital’S Loan for Acquiring Lumileds
Nov 11, 2015Reuters recently broke Go Scale Capital’s US $1.93 billion loan to acquire Lumileds and former Philips automotive lighting business. The loan will mostly be used to merge with the $2.8 billion financing to acquire 80% of Lumileds ...
Tags: Philips, automotive lighting
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GAAP Net Loss Soared at Apparel Retailer and NYSE Listed Abercrombie & Fitch Co in Q1FY16
Jun 2, 2015For the for the thirteen weeks period ended May 2, 2015, GAAP net loss soared at apparel retailer and NYSE listed Abercrombie & Fitch Co. First quarter of fiscal 2016 GAAP net loss surged to $63.2 million or $0.91 loss per diluted share ...
Tags: Abercrombie&Fitch, Apparel
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Awassa Textile to Undertake an Expansion Project Under Which It Will Double Its Production
May 5, 2015Ethiopia based Awassa Textile will undertake an expansion project under which it will double its production through an investment of Birr 168 million. According to a leading Ethiopian daily, to undertake the expansion, Awassa Textile ...
Tags: Awassa Textile, textiles
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Foreclosure and Planned Public Sale Are Designed to Help SB Electronics
Mar 23, 2015In what officials say is a case that sounds worse than it really is, the Vermont Economic Development Authority has foreclosed on SB Electronics and is readying to auction off the property it occupies in the Wilson Industrial Park. Jo ...
Tags: SBE, VEDA, Electronics
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Exceed Company Negotiating with Its Chairman and CE0 Shuipan Lin
Sep 25, 2014Exceed Company Ltd., owner of China's Xidelong athletic brand, said it is negotiating with its Chairman and CE0 Shuipan Lin to again extend the deadline for him to close on his proposed acquisition of the company following news that he had ...
Tags: Exceed Company, CE0, Recreation
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Singapore Sovereign Wealth Fund GIC Has Invested Php3.4bn in Century Canning Corp
May 6, 2014Singapore sovereign wealth fund, Government of Singapore Investment Corp (GIC), has invested PHP3.4bn ($76.2m) in Century Canning Corp (CCC), parent company of soon-to-be-listed Century Pacific Food (CNPF). GIC and CCC have signed an ...
Tags: Singapore Wealth Fund, GIC
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AMAK Received Additional Funds From The Saudi Industrial Development Fund
Jan 10, 2014Arabian American Development Co. (NYSE: ARSD), a leading provider of high purity specialty chemicals and 35% owner of Al Masane Al Kobra Mining Company ("AMAK"), announced that AMAK received additional funds from the Saudi Industrial ...
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Niko Resources Ltd. has Secured $340 Million of Loan Facilities
Dec 27, 2013As separately announced today, Niko Resources Ltd. ("Niko" or the "Company") (TSX:NKO) has secured $340 million of loan facilities, closed its offering of equity securities for net proceeds of approximately $30 million, and executed a ...
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Offer at NOK 362 Per Algeta Share,Valuing The Total Share Capital of Algeta at $2.9b
Dec 20, 2013The Board of Directors of Algeta ASA unanimously recommends voluntary cash offer from Bayer to acquire the entire issued share capital of Algeta ? Offer at NOK 362 per Algeta share, in cash, valuing the total share capital of Algeta at ...
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Seadrill Entered Into an Agreement with Seadrill Partners
Dec 5, 2013Seadrill Limited (NYSE: SDRL) (the "Company") announced today that it has entered into an agreement with Seadrill Partners ("Seadrill Partners") pursuant to which the Company will sell to (i) Seadrill Operating LP, the Company's 70% owned ...
Tags: Seadrill, Semi-Submersible Rigs
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Volvo Car Group Signed an Agreement with China Development Bank
Nov 27, 2013Swedish automobile manufacturer Volvo Car Group has signed an $800m loan agreement with China Development Bank to support its product development program and strengthen its capital structure over the coming years. With a maturity in ...
Tags: Volvo Car, China Development Bank
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Fisker Automotive Has Officially Filed for Bankruptcy
Nov 26, 2013Fisker Automotive has officially filed for bankruptcy on the back of the Californian car maker’s sale to investment group Hybrid Technology. After several attempts to rescue the company, Fisker filed for Chapter 11 bankruptcy on ...
Tags: Fisker, automotive, file, bankruptcy