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One day after Democrats fumed about his absence on the world stage and from his own administration, retiring President Biden has announced he will roll out even “more student debt cancellation,” work to “achieve a ceasefire in Gaza with the hostages released” and send further military assistance to Ukraine, according to an internal White House memo.
The memo from Biden’s chief of staff Jeff Zients, which was addressed to all White House staff, outlined the 46th president’s foreign and domestic priorities for his remaining 42-day “sprint” before President-elect Donald Trump assumes office, a copy of the memo obtained by The Post shows.
In addition to addressing foreign conflicts that erupted on his watch,…
The National Company Law Tribunal (NCLT) in Bengaluru on Tuesday (December 10) dismissed an insolvency petition filed by Indian Bank against Mantri Developers, a major real estate company with various residential projects and malls in Bengaluru, reported Bar and Bench.
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The petition, filed in 2022, was based on an alleged default of ₹153 crore by Mantri Developers. The NCLT bench, consisting of Judicial Member K. Biswal and Technical Member Manoj Kumar Dubey, passed the order rejecting the insolvency application.
Bengaluru: A 40-year-old woman has been arrested on charges of selling her 30-day-old baby for Rs 1.5 lakh to settle her husband’s loans. Her two aides and the purchaser have been nabbed. The incident took place in Ramanagara, and cops have rescued the boy and handed him over to a child welfare home in Mandya. Incidentally, the woman’s husband filed a police complaint on Dec 7 saying his newborn son was missing from home and he suspected foul play involving his wife. The couple — both daily-wage workers — has five children. Running such a big family on low income, their debts mounted. “I have loans of over Rs 3 lakh, and my wife suggested to me some days ago that we could sell our newborn to a childless couple for money to settle…
Trinseo PLC TSE shares are trading higher after the company announced it secured a transaction support agreement with key holders of its senior notes and term loans.
As per the transaction support agreement, these creditors will support transactions aimed at refinancing near-term maturities, enhancing operating liquidity, extending the nearest debt maturity to 2028, and capturing a discount through an exchange of the company’s 2029 senior notes.
Trinseo plans to redeem and refinance its $115 million in 2025 Senior Notes by issuing $115 million in 2028 Refinance Term Loans.
These loans will carry terms similar to the credit facility established in September 2023.
At least $330 million of 2029 Senior Notes will be exchanged…
Trinseo Executes Transaction Support Agreement To Address Near-Term Debt Challenges
Trinseo PLC (NYSE:TSE) shares are trading higher after the company announced it secured a transaction support agreement with key holders of its senior notes and term loans.
As per the transaction support agreement, these creditors will support transactions aimed at refinancing near-term maturities, enhancing operating liquidity, extending the nearest debt maturity to 2028, and capturing a discount through an exchange of the company’s 2029 senior notes.
Trinseo plans to redeem and refinance its $115 million in 2025 Senior Notes by issuing $115 million in 2028 Refinance Term Loans.
These loans will carry terms similar to the credit facility…
Acsa has lashed out at claims that the company is facing imminent liquidation. On December 9, The Star reported that multiple service providers had applied for Acsa’s liquidation because it had failed to pay for services rendered amounting to R550 million.
However, in a statement, Acsa said liquidation proceedings had been instituted against it by just one service provider for unverified claims of R126 million, which is currently subject to an arbitration process scheduled for March 17, 2025.
“The service provider has chosen instead on November 27 to submit an application for liquidation, abandoning the arbitration process prescribed through the service level agreement as a last resort for contracting parties to resolve disputes….
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In late October, Lilium N.V., a leading electric aircraft manufacturer and pioneer in regional air mobility, announced that its principal German subsidiaries were to apply for self-administration proceedings with the competent court in Germany. This filing follows a lengthy and complex government approval process for a loan from the German state-owned investment and development bank KfW, which failed in the Budget Committee of the German parliament.
In a statement announcing the filing, Lilium noted that its international competition had received grants and loans in the US, France, China, Brazil and the UK, and thus the company’s investors believed that German government support was critical to retaining market confidence and…
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According to the Federal Reserve, just over 77% of Americans have some kind of debt. This can be credit cards, student loans,…
