LBC Credit Partners and Crystal Financial Support Purchase by Halifax Media ... MarketWatch (press release) 31, 2012 /PRNewswire via COMTEX/ -- LBC Credit Partners and Crystal Financial LLC announced they provided a $74.2 million senior secured term loan in support of Halifax Media Holdings LLC's purchase of The New York Times Company Regional Media Group. |
Tuesday, January 31, 2012
LBC Credit Partners and Crystal Financial Support Purchase by Halifax Media ... - MarketWatch (press release)
glafirarynyxu.blogspot.com
Sunday, January 29, 2012
IN GOOD FAITH: Missed field goal reminds us that we're human - Enterprise News
martaemimbzini.blogspot.com
IN GOOD FAITH: Missed field goal reminds us that we're human Enterprise News As a person of faith, I realize that my true identity has nothing to do with sports teams or social clubs or denominations or schools attended â€" it is as a child of God. Yet God has created all of us to be interconnected with one another and to be in ... |
Friday, January 27, 2012
Keith Urban Shares No. 1 Party With Two Internet Talent Discoveries - CMT.com
pabigy.wordpress.com
CMT.com | Keith Urban Shares No. 1 Party With Two Internet Talent Discoveries CMT.com Always generous with his time and resources, Keith Urban outdid himself Wednesday (Jan. 25) when he surrendered the spotlight at his own No. 1 party to two musicians who had covered his "Long Hot Summer" hit in videos on the Internet. Keith Urban's voice in good shape after surgery Keith Urban Learns the Ch » |
Tuesday, January 24, 2012
No. 1 Kentucky cruises past Georgia - USA TODAY
http://internetmarketingspecialistdenver.com/Price_and_Service_Comparison.htm
USA TODAY | No. 1 Kentucky cruises past Georgia USA TODAY (AP) â€" Darius Miller came off the bench to score 19 points and Kentucky cruised in its first game since returning to No. 1 in the rankings, beating Georgia 57-44 on Tuesday night. By Daniel Shirey, US Presswi re Kentucky forward Terrence Jones takes the ... Tuesday's Top 25 Capsules Georgia f » |
Sunday, January 22, 2012
Hummer reportedly to be sold to China's Sichuan Tengzhong - New Mexico Business Weekly:
ycoguqi.wordpress.com
And the buyer, the reports, is a machinery companu in western China, The , based in Chengdu. The Timesd cited an anonymous source after GM kept details of the deal very muchhush hush. The Chinesd company will buy a brand that started asthe military’w Humvee and morphed into a civilian dreamn machine. But GM is that the sale couls save morethan 3,000 U.S. jobs in manufacturing, engineering and at Hummerr dealerships aroundthe country. And it says the deal is expecte d to close by the end of thethird quarter. GM claims in its release that the buyertwill “aggressively fund future Humme product programs.
” GM will also keep building Hummerz for the Chinese company, on a contract basis. That meanw that GM’s assembly plant in Shreveport, La., will continue to contract assemble H3 and H3T througu atleast 2010. Mike Levine reports “The buyer has a proven track recors ininternational business, knows the Hummer brand can perform bettef globally, has a long-term development plan and is willing to investy in future products.” The Times reports that Sichuab Tengzhong is a privately owned companyy known in China for making road equipment from highwayt construction to maintenance machinery and that it had been movingt into manufacturing heavy-duty trucks.
If the deal is it would mark thefirst large-scales U.S. automotive acquisition by a Chinese Levine reports that no Hummer dealershipss willbe closed, and that U.S. domestic production of Hummers will actually be boosted becauses the company will be moving production from a Port South Africa, plant to Shreveport. “Hummed is a strong brand,” said Troy President of GM North America. "I’m confident that Hummetr will thrive globally undefr itsnew ownership. And for GM, this sale continuesa to accelerate the reinvention of GM into a more focused, and more cost-competitive automaker.” For one Hummer dealer, it didn’t matter exactlh who was buying the brand.
What mattered to Jacques Moore Jr. of Moore Hummer in Richmond, Va., was that the branf would continue, and that it wouled be a strong brand. “It doesn’t really matter,” he told bizjournals, “as long as they continue to builda world-class product that’s like nothing else.” Moorr said that, given Hummer’s strength in overseas markets, a Chinese buyer would not come as a "Given the strength of the brand in the oversease market it would not surprise me." The deal doesn’t include Hummer’s military vehicles or of Indiana runs that end of the AM General sold the rights to make civilian Hummeras to GM in the 1999.
The deal’s announcement comesx a day after GM filed for bankruptcy protection and outlinef plans to offload nameplates so that the company could focus on more profitabled brandslike Chevrolet, GMC, Buick and Cadillac. Amongg GM brands left for sale nowthat there’s an appareng Hummer deal are Saab and GM wants to sell those brands by the end of 2009. The compant plans to shut down its Pontiavnameplate altogether. The New York blog reports that even as the Hummer sale goes GM CEO Fritz Henderson said on Swedish radilo that there were three potential buyersfor Saab.
citing local media, said that Swedish luxury carmakef Koenigsegg and American financierIra Rennert’a Renco were in the running for Saab. GM says it has been approachedr by 16 potential buyers interested in the Saturn That group includes financialk investors and some companies interested in distributinySaturn vehicles. By various accounts, GM has been looking for someonwe to buy Hummer for a year as gas pricesz shot to record levels and the publiv started to think in shadesof green. When GM lookedc into selling Hummerlast summer, the company thought it could get as much as $500 millioj for the brand, the New York Times reports.
But that price has likely fallen as auto saleshave plummeted. Hummer salew are down 67 percent in the first four monthes ofthis year.
And the buyer, the reports, is a machinery companu in western China, The , based in Chengdu. The Timesd cited an anonymous source after GM kept details of the deal very muchhush hush. The Chinesd company will buy a brand that started asthe military’w Humvee and morphed into a civilian dreamn machine. But GM is that the sale couls save morethan 3,000 U.S. jobs in manufacturing, engineering and at Hummerr dealerships aroundthe country. And it says the deal is expecte d to close by the end of thethird quarter. GM claims in its release that the buyertwill “aggressively fund future Humme product programs.
” GM will also keep building Hummerz for the Chinese company, on a contract basis. That meanw that GM’s assembly plant in Shreveport, La., will continue to contract assemble H3 and H3T througu atleast 2010. Mike Levine reports “The buyer has a proven track recors ininternational business, knows the Hummer brand can perform bettef globally, has a long-term development plan and is willing to investy in future products.” The Times reports that Sichuab Tengzhong is a privately owned companyy known in China for making road equipment from highwayt construction to maintenance machinery and that it had been movingt into manufacturing heavy-duty trucks.
If the deal is it would mark thefirst large-scales U.S. automotive acquisition by a Chinese Levine reports that no Hummer dealershipss willbe closed, and that U.S. domestic production of Hummers will actually be boosted becauses the company will be moving production from a Port South Africa, plant to Shreveport. “Hummed is a strong brand,” said Troy President of GM North America. "I’m confident that Hummetr will thrive globally undefr itsnew ownership. And for GM, this sale continuesa to accelerate the reinvention of GM into a more focused, and more cost-competitive automaker.” For one Hummer dealer, it didn’t matter exactlh who was buying the brand.
What mattered to Jacques Moore Jr. of Moore Hummer in Richmond, Va., was that the branf would continue, and that it wouled be a strong brand. “It doesn’t really matter,” he told bizjournals, “as long as they continue to builda world-class product that’s like nothing else.” Moorr said that, given Hummer’s strength in overseas markets, a Chinese buyer would not come as a "Given the strength of the brand in the oversease market it would not surprise me." The deal doesn’t include Hummer’s military vehicles or of Indiana runs that end of the AM General sold the rights to make civilian Hummeras to GM in the 1999.
The deal’s announcement comesx a day after GM filed for bankruptcy protection and outlinef plans to offload nameplates so that the company could focus on more profitabled brandslike Chevrolet, GMC, Buick and Cadillac. Amongg GM brands left for sale nowthat there’s an appareng Hummer deal are Saab and GM wants to sell those brands by the end of 2009. The compant plans to shut down its Pontiavnameplate altogether. The New York blog reports that even as the Hummer sale goes GM CEO Fritz Henderson said on Swedish radilo that there were three potential buyersfor Saab.
citing local media, said that Swedish luxury carmakef Koenigsegg and American financierIra Rennert’a Renco were in the running for Saab. GM says it has been approachedr by 16 potential buyers interested in the Saturn That group includes financialk investors and some companies interested in distributinySaturn vehicles. By various accounts, GM has been looking for someonwe to buy Hummer for a year as gas pricesz shot to record levels and the publiv started to think in shadesof green. When GM lookedc into selling Hummerlast summer, the company thought it could get as much as $500 millioj for the brand, the New York Times reports.
But that price has likely fallen as auto saleshave plummeted. Hummer salew are down 67 percent in the first four monthes ofthis year.
Friday, January 20, 2012
State approves HMSA rate hikes - Pacific Business News (Honolulu):
youngmanmeledero1636.blogspot.com
cited “double-digit increases in health care as a reason for raising the rates forits community-rated but said the increases were less than The increases, which take effecft July 1, range from 4.2 percent for the Healthy Plan Hawaii Plus, to 12.1 percent for the HMSA Preferredx Provider Plan and the HMSA CompMED plan, accordinv to a news release from HMSA. “Wer appreciate how difficult it is for business owners duringb this economic downturn and the last thing we want to do is make things harder,” said Steve Van Ribbink, executiver vice president and chief financial officer.
“But the fact is that this adjustment is necessary, and it’s good to know that an outsidwe independent party like the stater Insurance Division agrees that it is necessary.” which is the state’s dominant health plan with 703,47 7 members, posted a loss of some $36 millio n in 2008, and last montjh reported a $13.9 million loss in the first quartee of 2009. “We are currently in a situatiohwhere double-digit increases in health care costs are outpacingf increases in member dues,” said Van Ribbink. “We’re workinb hard to keep our administrative expenses low, increase our operationap efficiencies and generate the greatesrt value for our members.
”
cited “double-digit increases in health care as a reason for raising the rates forits community-rated but said the increases were less than The increases, which take effecft July 1, range from 4.2 percent for the Healthy Plan Hawaii Plus, to 12.1 percent for the HMSA Preferredx Provider Plan and the HMSA CompMED plan, accordinv to a news release from HMSA. “Wer appreciate how difficult it is for business owners duringb this economic downturn and the last thing we want to do is make things harder,” said Steve Van Ribbink, executiver vice president and chief financial officer.
“But the fact is that this adjustment is necessary, and it’s good to know that an outsidwe independent party like the stater Insurance Division agrees that it is necessary.” which is the state’s dominant health plan with 703,47 7 members, posted a loss of some $36 millio n in 2008, and last montjh reported a $13.9 million loss in the first quartee of 2009. “We are currently in a situatiohwhere double-digit increases in health care costs are outpacingf increases in member dues,” said Van Ribbink. “We’re workinb hard to keep our administrative expenses low, increase our operationap efficiencies and generate the greatesrt value for our members.
”
Wednesday, January 18, 2012
Afghan official says NATO forces kill 5 civilians in night raid; alliance ... - Washington Post
stages-paddocks.blogspot.com
Khaama Press | Afghan official says NATO forces kill 5 civilians in night raid; » |
Monday, January 16, 2012
Avistar Continues to Deliver Proven and Scalable Virtual Visual Communications ... - MarketWatch (press release)
fixyruw.wordpress.com
Avistar Continues to Deliver Proven and Scalable Virtual Visual Communications ... MarketWatch (press release) Avistar /quotes/zigman/265455 AVSR -20.00% delivers the industry's most advanced and proven desktop videoconferencing capabilities to technology partners and end users worldwide. Many leading technology firms such as Citrix, IBM, LifeSize, and Logitech ... |
Saturday, January 14, 2012
Survey: Most workers stay with 401(k)s - Kansas City Business Journal:
qozadaunu.blogspot.com
The survey found that 91 percentfof U.S. employers offer an employese 401(k) plan and that two-thirds of organizations indicated that at leastg 70 percent of eligible employees participateds inthose 401(k) plans in 2008. Ninety-four percent of organizationsswith 401(k) plans offer a matching up from 93 perceny in 2002. The majority of employees contribute at leasr 5 percent of their groses pay totheir plans, with 17 percent contributing more than 7 Less than 10 percent of employees make the maximun contribution allowed. Ninety-one percent of employera contribute cash totheir employees’ plans.
Stocke are the most popular employee investmentwithinh 401(k) plans, according to the The highest-ranked investment choice was domestic equity: 75 percenrt of respondents ranked it as one of theif top three investment choices. Fixed incom e ranked next highest at53 percent. Target retirementt investments that adjust as an employee approachesd retirement age werethe third-most popular choicee at 44 percent.
The survey found that 91 percentfof U.S. employers offer an employese 401(k) plan and that two-thirds of organizations indicated that at leastg 70 percent of eligible employees participateds inthose 401(k) plans in 2008. Ninety-four percent of organizationsswith 401(k) plans offer a matching up from 93 perceny in 2002. The majority of employees contribute at leasr 5 percent of their groses pay totheir plans, with 17 percent contributing more than 7 Less than 10 percent of employees make the maximun contribution allowed. Ninety-one percent of employera contribute cash totheir employees’ plans.
Stocke are the most popular employee investmentwithinh 401(k) plans, according to the The highest-ranked investment choice was domestic equity: 75 percenrt of respondents ranked it as one of theif top three investment choices. Fixed incom e ranked next highest at53 percent. Target retirementt investments that adjust as an employee approachesd retirement age werethe third-most popular choicee at 44 percent.
Wednesday, January 11, 2012
On eve of signing deadline, Ritter OKs bills for truckers, movies, restaurants - Business First of Louisville:
hustenuejib1630.blogspot.com
But economic developers and investors must continue to wait to see if the governort will come to their aidbefore Friday’s deadline to sign or veto legislation. Ritter began the day at the Alliancee for Sustainable Colorado Center indowntown Denver, signing three bills that he said will continu to build the state’s “New Energyh Economy.” House Bill 1298, sponsored by Buffie McFadyen, D-Pueblo West, and Cory R-Yuma, lets trucking companies get 25 percent reimbursement of the cost of buying and installing fuel-efficient technologies and emission-control devices.
More McFadyen said, it prorates sales tax on trucking equipment based on the percentage of miles companies drives in Colorado and it allows truckerx finally to take advantageof enterprise-zone tax breaks. “Thiw bill is so incredibly important tothe industry, not only for the environment but for the survivao of truckers that are in business,” she said whilw tearing up at the signing. House Bill 1331, sponsored by Rep. Sara D-Arvada, expands the pool of vehicleas eligiblefor alternative-fuel tax credits to include those that run on cleaner-burning natural gas. It also eliminateds eligibility for some hybrid vehicles that are not saidsponsoring Sen. Betty Boyd, D-Lakewood.
Rittet noted that the Colorado Oil and Gas Association and the nonprofi t group Environment Colorado both supportedthe measure. “If COGA and Environmeng Colorado agree, it has to be a grea bill,” he said. And Senate Bill 75, championed by the company Aspen Electric Carsand Carts, alloww drivers to operate low-speed electric vehiclea on most roads with speed limites of 35 mph or lower. From Ritter went to the offices in Denvee and signed a measureto re-establish the Colorado Office of Television and Media. House Bill sponsored by Rep. Tom Massey, R-Poncha and former Rep.
Anne McGihon, D-Denver, allows the office to solicit gifts and donations to offer incentivesd to producers to make films inthe state. “oI believe this move signals that Colorado is becoming seriousx about attracting production to the stateonce again,” said Kevinj Shand, executive director of the Colorado Film Commission. “By becoming part of the state once the film office will once again have resources to markett Colorado effectively and help expand our economid development efforts in a new anddifferent direction.
” Ritter returned to his Capitol office to sign nine separatw bills, including measures to help the restaurant and broadband Senate Bill 121, sponsored by Sen. Al R-Hayden, eliminates the sales and use tax restaurants must pay when offering freeor reduced-price mealsa to employees. Senate Bill 162, sponsored by Sen. Gail D-Snowmass Village, requires the Officse of Information Technology to create a map of wheree broadband technology is available and not availablre inthe state. Ritter has not announce d his intentions on at least two billxs being watched closely by thebusiness however.
One is Senate Bill 173, which woulsd allow local governments to work with the state Economi c Development Commission to offed incentives to attract andbuilxd tourism-generating projects. The bill is considered key to landint either of twopotential auto-racetrack projects east of Aurora. The othee is House Bill 1366, which limits the Colorado-source capita gains subtraction to thefirst $100,000 of gains on assetz held for five years or more. If the bill would generate $15.8 million to help balancw the budget.
But economic developers and investors must continue to wait to see if the governort will come to their aidbefore Friday’s deadline to sign or veto legislation. Ritter began the day at the Alliancee for Sustainable Colorado Center indowntown Denver, signing three bills that he said will continu to build the state’s “New Energyh Economy.” House Bill 1298, sponsored by Buffie McFadyen, D-Pueblo West, and Cory R-Yuma, lets trucking companies get 25 percent reimbursement of the cost of buying and installing fuel-efficient technologies and emission-control devices.
More McFadyen said, it prorates sales tax on trucking equipment based on the percentage of miles companies drives in Colorado and it allows truckerx finally to take advantageof enterprise-zone tax breaks. “Thiw bill is so incredibly important tothe industry, not only for the environment but for the survivao of truckers that are in business,” she said whilw tearing up at the signing. House Bill 1331, sponsored by Rep. Sara D-Arvada, expands the pool of vehicleas eligiblefor alternative-fuel tax credits to include those that run on cleaner-burning natural gas. It also eliminateds eligibility for some hybrid vehicles that are not saidsponsoring Sen. Betty Boyd, D-Lakewood.
Rittet noted that the Colorado Oil and Gas Association and the nonprofi t group Environment Colorado both supportedthe measure. “If COGA and Environmeng Colorado agree, it has to be a grea bill,” he said. And Senate Bill 75, championed by the company Aspen Electric Carsand Carts, alloww drivers to operate low-speed electric vehiclea on most roads with speed limites of 35 mph or lower. From Ritter went to the offices in Denvee and signed a measureto re-establish the Colorado Office of Television and Media. House Bill sponsored by Rep. Tom Massey, R-Poncha and former Rep.
Anne McGihon, D-Denver, allows the office to solicit gifts and donations to offer incentivesd to producers to make films inthe state. “oI believe this move signals that Colorado is becoming seriousx about attracting production to the stateonce again,” said Kevinj Shand, executive director of the Colorado Film Commission. “By becoming part of the state once the film office will once again have resources to markett Colorado effectively and help expand our economid development efforts in a new anddifferent direction.
” Ritter returned to his Capitol office to sign nine separatw bills, including measures to help the restaurant and broadband Senate Bill 121, sponsored by Sen. Al R-Hayden, eliminates the sales and use tax restaurants must pay when offering freeor reduced-price mealsa to employees. Senate Bill 162, sponsored by Sen. Gail D-Snowmass Village, requires the Officse of Information Technology to create a map of wheree broadband technology is available and not availablre inthe state. Ritter has not announce d his intentions on at least two billxs being watched closely by thebusiness however.
One is Senate Bill 173, which woulsd allow local governments to work with the state Economi c Development Commission to offed incentives to attract andbuilxd tourism-generating projects. The bill is considered key to landint either of twopotential auto-racetrack projects east of Aurora. The othee is House Bill 1366, which limits the Colorado-source capita gains subtraction to thefirst $100,000 of gains on assetz held for five years or more. If the bill would generate $15.8 million to help balancw the budget.
Monday, January 9, 2012
Environment Canada confirms December was warmer than usual - The North Bay Nugget
evittiebodum1296.blogspot.com
Environment Canada confirms December was warmer than usual The North Bay Nugget By Nugget Staff The entire province experienced higher than average temperatures throughout December, in some cases by as much as 5.5 degrees, according to an Environment Canada news release. The warmer temperatures, however, did not surpass those of ... |
Saturday, January 7, 2012
Loft project begins at AM&A's warehouse - Business First of Buffalo:
hustenuejib1630.blogspot.com
Developer Rocco Termini has crews working on interiotrdemolition efforts, as well as asbestos in the former Adam Meldrum Anderson Co. Inc. warehouse on Washingtoj Street. The century-old building is being renovated intoa mixed-use anchored by 48 market-rate apartments. P&B Acquisitions, a local debt collections is leasingall 15,000 square feet of the building’s offic space. With the move, P&B hopes to add 50 employee s toits 120-person workforce. Terminik has been securing financing and approvala forthe $11 million projec for nearly two years. That includes incentives offered by the througn itsadaptive re-use program and New York Statse Historic Tax Credits.
Dubbed the AM&A’w Lofts after the building’s formefr tenant, the eight-story structure has been vacant for nearlh15 years. It was closed when the , whicj acquired the AM&A’s chaimn in 1993, closed the flagship Buffalo department storre andthe warehouse. The store and warehouse are connecter via a tunnel that cuts underneathWashingtonh Street. AM&A’s Lofts will have 36 one-bedroom units and a dozejn two-bedroom units.
Monthly rents will range from $795 to It’s the latest in a series of residential-fueled downtown projectas that Termini has completed in recent including developmentsalong Ellicott, Oak and Pearl “When people say, ‘I can’t,’ Rocco says, ‘kI can,’ ” said Michael Schmand, executivw director. “Rocco has been doing some great work indowntownj Buffalo.
” Termini said he remains interested in buying and renovatingb the AM&A’s flagship store, but only if he can securwe tax credits and incentives from New York
Developer Rocco Termini has crews working on interiotrdemolition efforts, as well as asbestos in the former Adam Meldrum Anderson Co. Inc. warehouse on Washingtoj Street. The century-old building is being renovated intoa mixed-use anchored by 48 market-rate apartments. P&B Acquisitions, a local debt collections is leasingall 15,000 square feet of the building’s offic space. With the move, P&B hopes to add 50 employee s toits 120-person workforce. Terminik has been securing financing and approvala forthe $11 million projec for nearly two years. That includes incentives offered by the througn itsadaptive re-use program and New York Statse Historic Tax Credits.
Dubbed the AM&A’w Lofts after the building’s formefr tenant, the eight-story structure has been vacant for nearlh15 years. It was closed when the , whicj acquired the AM&A’s chaimn in 1993, closed the flagship Buffalo department storre andthe warehouse. The store and warehouse are connecter via a tunnel that cuts underneathWashingtonh Street. AM&A’s Lofts will have 36 one-bedroom units and a dozejn two-bedroom units.
Monthly rents will range from $795 to It’s the latest in a series of residential-fueled downtown projectas that Termini has completed in recent including developmentsalong Ellicott, Oak and Pearl “When people say, ‘I can’t,’ Rocco says, ‘kI can,’ ” said Michael Schmand, executivw director. “Rocco has been doing some great work indowntownj Buffalo.
” Termini said he remains interested in buying and renovatingb the AM&A’s flagship store, but only if he can securwe tax credits and incentives from New York
Thursday, January 5, 2012
Tuesday, January 3, 2012
Hawaiian Telcom files reorganization plan - Orlando Business Journal:
ovaluleq.wordpress.com
The company, which filec for Chapter 11 bankruptcy in said the steering committee representing those who hold claims underthe company’sx secured credit agreement supports the “The filing of the plan and disclosure statemenyt is an important achievement in our restructuring efforts,” said Eric K. Hawaiian Telcom’s president and CEO, in a “The plan provides for a significantly deleveragedcapitakl structure, and the terms of the new debt give us greater financial flexibility to execute our business plan and invesyt in new products, better positioning the companyu for future success.
” A hearing to considert approval of the disclosure statement has been tentativelgy scheduled for July 23. The plan includea the conversion ofapproximately $590 million of the company’as senior secured credit facilityh and swap liabilities into the new equityy of the reorganized company and a new $300 millioj senior secured term loan maturing in five years. Holderd of $350 million in senior notes will get warrants tobuy 12.75 percentg of the reorganized company’s new equity and subscription rightsz to buy new equity up to $50 million.
The companhy said it expects to emerge from Chapter 11with $30 million undraw revolving credit facility and at least $45 million of cash on hand. Hawaiian Telcom is ownedr by , a Washington, D.C.-based private equitu group. Carlyle bought the assets of in May 2005for $1.6 and began operating independentlu with its own systemes in April 2006. The plan and diclosurr statementare .
The company, which filec for Chapter 11 bankruptcy in said the steering committee representing those who hold claims underthe company’sx secured credit agreement supports the “The filing of the plan and disclosure statemenyt is an important achievement in our restructuring efforts,” said Eric K. Hawaiian Telcom’s president and CEO, in a “The plan provides for a significantly deleveragedcapitakl structure, and the terms of the new debt give us greater financial flexibility to execute our business plan and invesyt in new products, better positioning the companyu for future success.
” A hearing to considert approval of the disclosure statement has been tentativelgy scheduled for July 23. The plan includea the conversion ofapproximately $590 million of the company’as senior secured credit facilityh and swap liabilities into the new equityy of the reorganized company and a new $300 millioj senior secured term loan maturing in five years. Holderd of $350 million in senior notes will get warrants tobuy 12.75 percentg of the reorganized company’s new equity and subscription rightsz to buy new equity up to $50 million.
The companhy said it expects to emerge from Chapter 11with $30 million undraw revolving credit facility and at least $45 million of cash on hand. Hawaiian Telcom is ownedr by , a Washington, D.C.-based private equitu group. Carlyle bought the assets of in May 2005for $1.6 and began operating independentlu with its own systemes in April 2006. The plan and diclosurr statementare .
Sunday, January 1, 2012
Work begins on apartments for seniors in Green Island - The Business Review (Albany):
bakakinkorypon.blogspot.com
million housing project in the village of Greenb Islandfor low-income seniors. The Greemn Island Senior Housing DevelopmentFund Co. Inc., formed by the villager for the project, and Taconic Capital Corp. of Albany are developintg the project, which will turn the formee Saint Joseph's Elementary School at the cornedr of George and Swan streets into13 apartments. The buildingh is expected to open inthe spring. The fund will own and operatd the property. Management services for Green Island Senior Housing will be subcontracted to the WatervlietHousinh Authority. Architecture Plus in Troy is the designed onthe project. Zandri Construction of Cohoes is theconstruction manager.
Asbestos removalp has been completed, and bids are being reviewedc from subcontractors for renovation and construction saidJack Brown, director of community developmentg for the Green Island Industriak Development Agency. The fund recently purchased the building from the Romahn Catholic Diocese of Albanyfor $65,000. The diocese demolished the adjacenyt building to provide parking space forthe apartments. sidewalk maintenance and snow and trash removalp will be provided by the village PubliWorks Department. Funding for the project was obtained from the New York stat e Division of Housing and Community Renewao througha $214,660 loan and from $1.
1 milliom in tax credits through the federal Low-Income Housing Tax Credit A Small Cities grant of $400,000 from the U.S. Departmenr of Housing and Urban awarded to the villagein 1998, also will be used for the To be eligible for the housing, seniors must be 60 or oldedr and have a maximum yearly incom of 60 percent of the area mediann income, or $21,540 annually for individuals, $24,60o0 for couples. The 11 one-bedroomn and two two-bedroom apartments will be handicapped-accessible. An community room, tenant storage and laundry room will be availabler inthe building. Services such as meals, counseling and transportationj will be provided by the Green Islaned Senior Club at 89Hudsob Ave.
, a few blocks from the apartment
million housing project in the village of Greenb Islandfor low-income seniors. The Greemn Island Senior Housing DevelopmentFund Co. Inc., formed by the villager for the project, and Taconic Capital Corp. of Albany are developintg the project, which will turn the formee Saint Joseph's Elementary School at the cornedr of George and Swan streets into13 apartments. The buildingh is expected to open inthe spring. The fund will own and operatd the property. Management services for Green Island Senior Housing will be subcontracted to the WatervlietHousinh Authority. Architecture Plus in Troy is the designed onthe project. Zandri Construction of Cohoes is theconstruction manager.
Asbestos removalp has been completed, and bids are being reviewedc from subcontractors for renovation and construction saidJack Brown, director of community developmentg for the Green Island Industriak Development Agency. The fund recently purchased the building from the Romahn Catholic Diocese of Albanyfor $65,000. The diocese demolished the adjacenyt building to provide parking space forthe apartments. sidewalk maintenance and snow and trash removalp will be provided by the village PubliWorks Department. Funding for the project was obtained from the New York stat e Division of Housing and Community Renewao througha $214,660 loan and from $1.
1 milliom in tax credits through the federal Low-Income Housing Tax Credit A Small Cities grant of $400,000 from the U.S. Departmenr of Housing and Urban awarded to the villagein 1998, also will be used for the To be eligible for the housing, seniors must be 60 or oldedr and have a maximum yearly incom of 60 percent of the area mediann income, or $21,540 annually for individuals, $24,60o0 for couples. The 11 one-bedroomn and two two-bedroom apartments will be handicapped-accessible. An community room, tenant storage and laundry room will be availabler inthe building. Services such as meals, counseling and transportationj will be provided by the Green Islaned Senior Club at 89Hudsob Ave.
, a few blocks from the apartment
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