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He purportedly secured financing for the KLA's training and arms and reputedly engaged in a number of violent attacks in Kosovo.
The family sold TD Ameritrade stock and secured financing from a group of banks, including JPMorgan Chase and Bank of America, to finance the acquisition.
Xerox, based in Stamford, Conn., will receive $450 million in secured financing in Britain and is in talks for a third party to run the unit.
Mr. Heyman added that Drexel was "in the process of" raising "senior secured financing" and was "highly confident" it could get the money.
This type of secured financing for firms under Chapter 11 bankruptcy enables investments, thus increasing firms' chances for survival.
In traditional capital markets, such a transaction would be called "secured financing" or "securitization"—and at a high level, there's substantively little difference between an ICO, a secured financing and a securitization.
Short-term secured financing was unavailable even when Bear offered high-quality collateral such as agency securities.
The secured financing of the acquisition will consist in existing cash for €120 million and in committed bank lines for €240 million.
Level 3 Communications shares are down 3% after a more than 20% pop in regular trading following word that the network and Internet-service provider raised $214 million in secured financing on Friday.
Imperial Credit Industries Inc., a diversified financial services company, said Tuesday that it plans to acquire a Connecticut company that provides secured financing to restaurant chain franchisees.
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That's no surprise, given that their usual sources of borrowing banks, government-secured financing, venture capitalists and credit cards are far more limited than a couple of years ago.
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