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Exact(3)
It's not yet clear how the firm used the debt proceeds.
"The idea that you can't use debt proceeds to buy back your own stock?
Good luck: Rennert, like Anschutz, fully disclosed where the debt proceeds would go.
Similar(57)
But he was awarded the honour for services to banking, and he built a ho-hum high street bank into an institution the proportions of which we'll be paying for – if you start at the initial debt, proceed to the austerity agenda to which it contributed, thence to our current political polarisation, the fiscal contraction, the unemployment – for decades.
She will pay off her debt with proceeds from the sale of the Long Island house.
The company said it would pay down an unspecified portion of short-term debt with proceeds from the spinoff.
Its announcement in early August that it would buy long-term Treasury debt with proceeds from its mortgage-related bond portfolio reassured traders, at least for a while.
The unit, Snacks Venture Europe, will become a PepsiCo subsidiary and General Mills, the cereal maker, will reduce its debt with proceeds from the sale, the companies said yesterday.
The Host Marriott Corporation, which leased a hotel destroyed in the attacks on the World Trade Center, said it would cut interest costs by repaying $295 million in debt with proceeds from an insurance settlement for the property.
It also tagged Chesapeake on retiring $2.6 billion in debt with proceeds from issuing convertible preferred stock, counting it as 50% equity and 50% debt.
Mergers and acquisitions, which generally trigger the issuance of debt, are proceeding slowly, the report said.
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