SunTrust Q1 Earnings Higher Despite Higher Energy-Related Reserves

April 25th, 2016
SunTrust reported Q1/16 net income available to common shareholders of $430 million compared to $411 million for the same quarter in 2015. The bank said total revenue in Q1/16 of $2,099 million was up 5.4% or $107 million from $1,992 million a year earlier. See the rest here: SunTrust Q1 Earnings Higher Despite Higher Energy-Related Reserves

Austrailia/NZ Banking Group Arranges $400MM Facility to InterOil

April 22nd, 2016
InterOil entered into a new $400 million senior secured capital expenditure facility arranged by Australia and New Zealand Banking Group as sole mandated lead arranger and book runner. InterOil entered into a new $400 million senior secured capital expenditure facility arranged by Australia and New Zealand Banking Group as sole mandated lead arranger and book runner. Once the standard conditions precedent are satisfied, the new facility will refinance and replace the existing $300 million secured capital expenditure facility Visit link: Austrailia/NZ ...

JPMorgan Agents New $700MM Credit Facility for Compass Minerals

April 22nd, 2016
Compass Minerals refinanced its existing senior secured credit facilities with a $400 million senior secured term loan and a $300 million senior secured revolver, both of which mature on July 1, 2021 and carry an interest rate of LIBOR plus 1.5% based on the company’s current leverage. These new credit facilities replace $471 million in term loans and a $125 million revolver Read this article: JPMorgan Agents New $700MM Credit Facility for Compass Minerals

Garwood Promoted to Managing Editor of Monitor, ABF Journal

April 18th, 2016
Rita Garwood was promoted from editor of Monitor to the position of managing editor, responsible for both the Monitor and ABF Journal brand print, digital, e-news and online properties, effective immediately. Garwood will report directly to Jerry Parrotto, president of Xander Media Group (XMG) and executive editor of the Monitor and ABF Journal trade publications and related properties. “Rita has exceeded my expectations in just about every aspect of our content delivery systems across all Monitor product lines since ...

Garwood Promoted to Managing Editor of Monitor, ABF Journal

April 18th, 2016
Rita Garwood was promoted from editor of Monitor to the position of managing editor, responsible for both the Monitor and ABF Journal brand print, digital, e-news and online properties, effective immediately. Garwood will report directly to Jerry Parrotto, president of Xander Media Group (XMG) and executive editor of the Monitor and ABF Journal trade publications and related properties. “Rita has exceeded my expectations in just about every aspect of our content delivery systems across all Monitor product lines since ...

Court OKs Peabody $800MM DIP Financing with Citigroup

April 15th, 2016
First-day motions to help facilitate Peabody Energy’s continued operations while the company operates under Chapter 11 protection were approved by Judge Barry S. View post: Court OKs Peabody $800MM DIP Financing with Citigroup