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Exact(11)
The merger was valued at $772 million in cash, plus a refinancing of debt.
That could lead to a boom in refinancing of debt that would further benefit New York.
And the deal cleared the way for refinancing of debt to solve the city's imminent cash crisis.
The savings came from numerous sources, such as refinancing of debt, a freeze in the city's health care costs and public bidding for school busing contracts.
The state Casino Control Commission voted last week to allow Donald Trump to proceed with a $475 million refinancing of debt for his casino properties in Atlantic City.
In the quarter a year earlier, International Paper had a charge of $170 million, or 41 cents a share, from a combination of charges, credits and expenses related to the refinancing of debt.
Similar(49)
Wyndham has been selling assets and this month finished refinancing $287 million of debt maturing in 2002.
Mr. Icahn is seeking to prevent the company, the Realogy Corporation, from refinancing $1.1 billion of debt, claiming the move would hurt certain Realogy bondholders.
Note that (Lambda _t^k) in (9) accounts for the maturity structure and refinancing frequency of debt chosen by the firm.
The failure to reach an agreement on refinancing $16.6 billion of debt left Carlyle Capital on the brink of collapse as lenders began to take possession of all the investment fund's remaining assets.
The plan has been widely criticized because it relies on expensive refinancing of old debt and requires the agency to issue bonds for new debt on top of that.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com