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News about Mortgages:
OZ Minerals seeks extension for debt facilities - The AustralianOZ Minerals stunned the market today with a revelation it is struggling to refinance $US560 million of debt by Sunday. Debt deadline: A mine worker at Oz Minerals' Sepon gold mine in Laos. The company is struggling to refinance its debt. The dramatic ...
OZ Minerals in shock trading halt due to debt - The AustralianThe troubled miner admitted it was struggling to refinance $US560 million ($856 million) worth of debt. The miner, which has already been forced to cut staff, curtail production and review all operations because of the commodity price slump, was ...
OZ Minerals Hits Deadline on Debt - Wall Street JournalMELBOURNE -- OZ Minerals Ltd. stunned the market Friday with the revelation that the deadline for refinancing of US$560 million of debt facilities was Sunday and it hadn't been able to secure an extension. The diversified miner has been hit hard by ...
Oz Minerals' debt reaches $1bn - News.com.auOZ Minerals has been burning through its cash, leaving the company with total debts of $1.0834 billion as it remains locked in negotiations with lenders over critical refinancing. With its shares suspended until the end of the year, the miner said ...
Rio Tinto says reports 'overstated' debt - ninemsnMining giant Rio Tinto Ltd on Thursday declined to respond to reports that it has begun talks with banks to refinance debt incurred through the $US38 billion ($A58.65 billion) acquisition of Canadian aluminium producer Alcan last year. Rio Tinto ...
DJ OZ Minerals Shares Suspended As Debt Talks Continue - TradingMarkets.comThe diversified miner went into a trading halt last Friday after its lenders refused to grant it an extension on the Nov. 30 deadline for refinancing of the debt, and had been due to resume trade Tuesday after negotiations with its lenders. The ...
Centro debt deal silence - The AgeCENTRO Properties Group walked a tightrope between its security holders and bankers yesterday, refusing to disclose information that may give away its negotiating tactics aimed at securing a 12-month extension to refinance its debt. Chairman Paul ...
OZ Minerals reassures on debt burden - ninemsnOZ Minerals Ltd has moved to allay market concerns about its $1.27 billion debt burden, saying it was not behind in its payments or in default. The company, which was formed in July through the merger of Oxiana Ltd and Zinifex Ltd, also said it was ...
Centro tight-lipped in debt negotiations - ninemsnCentro Properties Group walked a tightrope between its securityholders and bankers on Friday, refusing to disclose information that may give away its negotiating tactics aimed at securing a 12-month extension to refinance its debt. Chairman Paul ...
Price bounces as Crown covers debt - News.com.auCrown refinances debt early Shares surge 10 per cent Debt will rise with new casinos SHARES in the James Packer-controlled Crown surged 10 per cent yesterday after the company revealed it wasn't taking a chance with tighter credit markets and had ...
Today's Mortgage Terms starting with R
Refinancing: The repaying of a debt with the proceeds from a new loan using the same property as collateral. The reason for refinancing is to get a lower interest rate.
View all Terms