Teck Plunges Most in 20 Years on Concern It Won't Be Able to Repay Debt Nov 13, 2008
We remain confident we can effectively and efficiently deal with challenges of servicing acquisition debt,'' Vance said. Debt should steadily decline over the next six to nine months. (Bloomberg -- Canada)
Teck Reports Third Quarter Results for 2008 Oct 23, 2008
Mr. Lindsay said, "the fixed price nature of our coal sales contracts provide stability to our cash flow. Furthermore, in October, we entered into transactions to protect approximately 55% of our anticipated copper production to the end of March 2009 against further declines in the price of copper. These transactions result in price protection on approximately 73% of our total expected revenue for the six months to the end of March 2009, excluding the effect of exchange rate... (CCNMatthews Press Releases)
Thompson Creek announces second-quarter 2008 financial results Aug 8, 2008
Since the acquisition of Thompson Creek Metals Company USA in October 2006, the Company has used cash generated from operations and from equity issues to pay off $402 million of acquisition debt and to pay the former owner $61. 5 million in December 2006 for certain receivables acquired on the acquisition date and $100 million in January 2008 as part of a contingent purchase price payment linked to the performance of the molybdenum price. (PR Newswire)
ClientWhys TaxCPE.com Releases Two Must-Read CPE Courses: HOUSING ACT OF 2008 - Individual Provisions and Foreclosure, Debt Relief and Insolvent Taxpa Aug 4, 2008
It explains how to report the various transactions for tax purposes and how to exclude debt relief income using the insolvent taxpayer exclusion or the home acquisition debt forgiveness exclusion. It also looks at the home sale issues created by a foreclosure. (Yahoo News -- Press Releases)
Greenbrier Dinged But Not Derailed Jul 13, 2008
"Near term financial focus remains on cost reductions consistent with the current macroeconomic trends, paying down post acquisition debt, and strategies to continue to reduce our effective tax rate," said Executive Vice President Mark Rittenbaum. Wachovia Analyst Wendy Caplan said, "management is rightly focused on reducing costs, debt, tax rate, and capital expenditures during this difficult time," pointing to high steel costs and weakened demand for freight cars. (Forbes -- Business)
Greenbrier Chugs Past Expectations Jul 13, 2008
"Near term financial focus remains on cost reductions consistent with the current macroeconomic trends, paying down post acquisition debt, and strategies to continue to reduce our effective tax rate," said Executive Vice President Mark Rittenbaum. More On This Topic Companies. (Forbes -- Business)
LETTERS: NCT, July 3, 2008 Jul 4, 2008
" Ms M wrote on Jul 3, 2008 12:08 PM:sdraoul[-] wrote on Jul 3, 2008 10:58 AM:Obama was still cutting his teeth inthe Chicago political machine so he probably didn't know where Iraq was...But Obama made the right call on Iraq! LMAO Surfer wrote on Jul 3, 2008 12:10 PM:ALF: Dude, you could be President and stay in the north county area. As I remember, President Nixon had a residence at San Clemente. You would not have to trim your beard or hair. After all, you would be the President and can start... (North County Times)
Discovery Air Inc. announces results for its first quarter ended April 30, 2008 Jun 13, 2008
Again the current ratio was largely impacted by the classification of the TAI acquisition debt of $33. 0 million as a current liability in the current year. (Canada Newswire)
BAA owner considering EUR 1bn capital injection; 1/3 of second lien to be repaid - sources Apr 12, 2008
The acquisition debt backed Ferrovials GBP 10bn takeover of BAA in 2006 for an enterprise value of EUR 23. 6bn. (FT.com -- Markets)
Last-minute free help, forms Apr 11, 2008
Form 1098 showing 2007 home mortgage interest and points, as well as mortgage insurance premiums on home acquisition debt that was new or refinanced in 2007. Receipts and documentation for all charitable contributions and gifts (cash and non-cash). (Atlanta Journal-Constitution)
The Benefits of Refinancing Feb 27, 2008
The first $200,000 of your new loan (the balance on your old mortgage when you paid it off) is treated as "home-acquisition debt." And as you probably know, this interest qualifies as an itemized deduction on line 10 of your Schedule A. (Don't forget, however, that if your adjusted gross income in 2007 was greater than $156,400, or $78,200 if married but filing separately, this deduction is subject to the phase-out rules for itemized deductions ... Also, if the home-acquisition debt plus the... (SmartMoney)
Darden Speaks Out Feb 15, 2008
Cash flow previously directed toshare buybacksis now servicing acquisition debt. The company line here is yes, but that cash flow is funding EPS growth from acquisition synergies, and will be directed back to share repurchases in fiscal year 2009, which starts in June. (MSNBC -- Business)
Statement from BTP Acquisition Company Jan 26, 2008
Although the Image Board of Directors approved this BTP acquisition debt financing plan in June 2007 in connection with the Merger Agreement, subsequently, Image was not able to obtain from its existing secured lender the required consent to such indebtedness. BTP endeavored in good faith to attempt to complete the merger and BTP remained in complete compliance with the Merger Agreement despite Images inability to obtain the consent for this $60 million financing piece, when BTP issued its... (Yahoo! Wire -- Entertainment News)
Little things can mean a lot for savvy tax filers Jan 20, 2008
For 2007, taxpayers can deduct mortgage insurance premiums on home acquisition debt that was new or refinanced in 2007. For homeowners who simply continued paying premiums on a mortgage that predated 2007, those can't be deducted. (North County Times)
New Law Helps Ease Pain for Some Facing Foreclosure or Short Sale Jan 10, 2008
Of greater relevance is the fact that, to be excluded, the debt discharged must be acquisition debt ... Under H.R. 3648, his debt forgiveness will not be taxed because it was acquisition debt. (RealtyTimes)
Coleman Cable, Inc. Announces Closing of Woods Industries Acquisition Dec 1, 2007
The Company plans a permanent reduction of working capital of $12 to $15 million within three months, thereby enabling a reduction in the acquisition debt by a like amount. Coleman Cable utilized its current revolving credit facility to fund the purchase price. (Primezone Releases)
Coleman Cable, Inc. Continues to Expand Its North American Business Through Definitive Agreement to Acquire the Electrical Products Business of Katy Industries, Inc. Nov 2, 2007
The Company plans a permanent reduction of working capital of $12 to $15 million within three months of the closing, thereby enabling a reduction in the acquisition debt by a like amount. Coleman Cable will utilize its current revolving credit facility to fund the purchase price. (Primezone Releases)
Carlyle, National Hire Succeed in Third Coates Bid With $1.5 Billion Offer Oct 2, 2007
Compared with the first half of this year, cost of acquisition debt in Australia has increased about 50 basis points for fees and 50 basis points on interest margins, Moore said ... Acquisition debt financing in Australia has been ``somewhat isolated'' from the impact of international credit fallout since July, Moore said, as the Australian market is ``supported by the very strong local economy and local deposit basis. (Bloomberg -- Australia & New Zealand)
Has boom become doom for the buyout barons? Aug 13, 2007
The situation is frustrating for those whose deals have been disrupted, but it remains a more enduringly uncomfortable problem for the many investment banks that have provided acquisition debt financing - loans they had expected to be able to package up and sell on rapidly. Toby Nangle, a fixed-income investment manager at Barings, believes private equity-related debt sitting on banks' balance sheets stood at about $400bn at the start of the month. (Guardian Unlimited)
BBI deal not nearly good enough Jul 27, 2007
Also, BBI ponyed up an additional 250M to reduce acquisition debt and therefore consumer risk. A very good thing. (Helena Independent Record, MT)
BCE Reaches Definitive Agreement to be Acquired By Investor Group Led by Teachers, Providence and Madison - BCE Board Recommends Shareholders Accept C$42.75 (US$40.13) Per Share Offer Jul 1, 2007
The acquisition debt financing would become an obligation of BCE and be guaranteed by BCE's then subsidiaries (other than Bell Aliant Regional Communications Income Fund and Northwestel Inc.). As to Bell Canada, the purchaser's financing would comply as to ranking and security with the then existing Bell Canada debentures and medium term notes issued under the 1976 and 1997 indentures. (PR Newswire)
Re: Bell Canada: A Canadian Solution is being proposed by Catalyst Asset Management ("Catalyst") that will preserve Bell Canada as a standalone public company for the net economic benefit of Canada and all stakeholder groups including consumers Jun 22, 2007
Such an alternative, known as the Canadian Solution, is being proposed by Catalyst Asset Management Inc. of Toronto, who is seeking an Advanced Tax Ruling from Ottawa in order to confirm the application of long standing tax measures governing the interest deductibility of acquisition debt and the rollover provisions of a share for share exchange. The Canadian Solution: ---------------------- This alternative transaction being proposed by Catalyst Asset Management Inc. of Toronto would preserve... (Canada Newswire)
Standard deduction or itemizing: How should you decide? Mar 30, 2007
n Home mortgage interest on up to 1 million in home acquisition debt and up to 100,000 in home equity loan debt. You may also deduct points you paid to obtain a home mortgage for the purchase or improvement of a principal residence. (Coos Bay-North Bend The World, OR)
Four Seasons Hotels Inc. posts results for three months ended and year ended December 31, 2006 Mar 12, 2007
QUICK SEARCH BY ORGANIZATION. FREE SUBSCRIPTION SERVICES. (Canada Newswire)
Takeover of Sino-Forest is possible Jan 15, 2007
"If the acquisition debt is piled on Sino-Forest, the company may have to slow down the pace of forestry acquisitions," Promboon said. CVC Asia, owned by CVC Capital Partners of London and Citigroup, agreed in September to buy Plantation Timber Products Group of Shanghai, a maker of fiber board and laminated flooring, from Carter Holt Harvey of New Zealand. (International Herald Tribune -- Business Asia)
Turnaround experts engineer a rescue for Little Chef Jan 4, 2007
Together with his business partner, Simon Heath, he engineered a controversial sale and leaseback deal on 65 freehold sites in February last year which raised 60m to pay off acquisition debt and meet working capital and other investment demands. However, the deal saddled Little Chef with huge rent commitments, rising each year, which it struggled to meet. (Guardian Unlimited -- UK)
Shades of '80s, but don't panic Jan 2, 2007
"Gearing is also still moderate, [and] there should arguably be upside for profitability from increased gearing." Private equity firms are also cashed up and, while there are concerns about the acquisition debt they are loading into their targets, they have succeeded so far "because they have exercised good sense," he argues, adding that they "are unlikely to make wild assumptions there will be a limit to what they will pay.". Goldman Sachs JBWere equity strategist Chris Pidcock, the investment... (Sydney Morning Herald -- Business)
