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Magna Entertainment Corp. Announces Extension of Senior Secured ... - EarthtimesAuthor : Magna Entertainment Corp. AURORA, ON , Nov. 17 /PRNewswire-FirstCall/ - Magna Entertainment Corp. ("MEC" or the "Company") (NASDAQ: MECA; TSX: MEC.A) today announced that it has extended the maturity date of its $40 million senior secured ...
Racetrack firm redeals its debt - Lexington Herald-LeaderMagna Entertainment Corp., the company that owns the host track for next weekend's Breeders' Cup championship races, announced late Wednesday that it again has renegotiated about $250 million in loans. But the company said it will not be able to sell ...
Magna Entertainment Corp. Announces Amendments and Extensions of ... - CNW GroupAURORA, ON, Oct. 15 /CNW/ - Magna Entertainment Corp. ("MEC" or the "Company") (NASDAQ: MECA; TSX: MEC.A) today announced changes to certain of its financing arrangements including: - extending the maturity date of its $40 million senior secured ...
Rusal Says Most China Aluminum Producers Unprofitable (Update2) - BloombergOct. 16 (Bloomberg) -- United Co. Rusal, the world's largest aluminum smelter, said 75 percent of producers in China, Europe and the U.S. are unprofitable after the price of the metal fell on slowing demand. ``The global aluminum industry is facing a ...
Financial trouble grows for oligarch with friends in high places - The IndependentOleg Deripaska is relying on the Russian Prime Minister, Vladimir Putin, to help him refinance £1.6bn in loans due to be repaid this week Oleg Deripaska, the cash-strapped Russian industrial tycoon, is facing problems with his investments in the ...
Oleg Deripaska faces £1.2 billion deadline - Daily TelegraphOleg Deripaska has applied for funds to a Kremlin-backed bank as he seeks to save his 25 per cent stake in the giant Russian metal producer Norilsk Nickel. Mr Deripaska, who is often described as Russia's richest man, borrowed extensively in recent ...
Russia's rich forced to sell assets to repay loans - Times OnlineSome of Russia's richest men have been forced into a firesale of assets as tough market conditions make it difficult for them to repay Western and local lenders. Many oligarchs borrowed heavily to build their empires and when Russian share prices ...
Maryland voters approve video lottery terminal initiative - CNW GroupAURORA, ON, Nov. 5 /CNW/ - Magna Entertainment Corp. ("MEC" or the "Company") (NASDAQ: MECA; TSX: MEC.A) is pleased to report that on November 4, 2008 Maryland voters approved the proposed state constitutional amendment authorizing the State to issue ...
Margin Calls Ignite Billionaire Fire Sale - ForbesOn Wednesday Oct. 8, Aubrey McClendon owned more than 32 million shares in America's largest natural gas producer. Two days later, most of it was gone. Why would a man who had a $3 billion fortune in August buy on margin? "You can just buy more ...
McCain: No there there for Obama - Boston GlobeIn his first post-debate appearance, John McCain promoted his plan to have the federal government directly buy mortgages and refinance them at lower interest rates to help beleaguered homeowners. "We need to act quickly and decisively," he told ...
Today's Mortgage Terms starting with T
Term: The period of time in which a loan must be paid off.
Truth-In-Lending Act: Federal law demanding a full written disclosure of the credit terms of a mortgage incorporating a standard format.
View all Terms