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Alabama's pension fund won its bid yesterday to become the primary lender for US Airways, giving it the leading role in the airline's effort to emerge from bankruptcy court.
Within a few months Anglo Irish Bank, the primary lender for the project, was on the brink of financial collapse.
Following the start of the late-2000s recession, and its impact on the primary lender for the project, construction was suspended at the site.
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A report published in May by the Sierra Club and the Rainforest Action Network estimated that nine banks were the primary lenders for companies engaged in mountaintop removal mining in Appalachia, and that they had provided nearly $4 billion in loans and bond underwriting to those companies — chiefly Massey Energy, Patriot Coal, and Alpha Natural Resources — since 2008.
In May 2007 Tishman's opp fund, with Lehman acting as primary lender and minority stakeholder, agreed to pay $60.75 a share for Archstone Communities, a hefty 18% markup to the company's price earlier that month.
Stellar worked out a tentative deal with its primary lender to extend the mortgage.
Countrywide was One Source's primary lender, according to that lawsuit.
Countrywide was One Source's primary lender, according to the lawsuit.
A1 US Airways Chooses Lender Retirement Systems of Alabama will invest $240 million for a 37.5percentt stake in US Airways, which chose the state pension fund's bid to be the primary lender in its effort to emerge from bankruptcy.
His primary lender is willing to extend the length of the loan, according to real estate executives who have been briefed on the discussions, if Mr. Gluck agrees to put up additional money for reserve funds and to pay off some of the mortgage, although a second lender has balked at the proposed deal.
Fannie Mae does not make loans directly; rather, it buys loans made by primary lenders, thus freeing capital for other loans.
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