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Financing: Companies
built 635 days ago
ODESSA, Fla., Jan. 6 /PRNewswire-FirstCall/ -- Global Energy Group, Inc. (OTC Bulletin Board: GENG) announced today that a proposed financing transaction with Global Energy Acquisition Group, L.L.C. ("GEAG"), an Oklahoma company, has been approved by its Board of Directors. The transaction ... has been approved by holders of a majority of the Company's Common Stock, none of whom has any financial or other interest in the financing transaction other than by virtue of their ownership of Common Stock. Although there is no assurance that the financing transaction will be completed, GEAG has indicated to the Company that it is willing to complete the proposed transaction under the following terms:
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Wexford, PA./PRNewswire/---Millennium Pharmacy Systems (“MPSRx”), a privately-held healthcare services company providing contract pharmacy services to the long term-care industry, announced the recent completion of a $40 million equity financing. Essex Woodlands Health Ventures (EWHV) led the investment group, which included new investors Ascension Health Ventures and Steve Wiggins, an Operating Partner at EWHV, and existing investors CHL Medical Partners, Boulder Ventures, and individuals.
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During the third quarter, the company closed four secured, real property financing transactions with aggregate loan proceeds of $36.6 million at an average interest rate of 7.6%. Three of these transactions were refinancing transactions for existing commercial properties and one loan was for a recently constructed property. Subsequent to the end of the third quarter, the company closed two additional secured, real property financing transactions with aggregate loan proceeds loans of $29.0 million, which included the refinancing of a land loan and the refinancing of a second trust deed loan. The lenders for the six individual loans included four local Los Angeles-based commercial banks, each of which have long standing relationships with MerueloMaddux.
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AmeriCredit Corp. is a leading independent automobile finance company that provides financing solutions indirectly through auto dealers and directly to consumers in the United States and Canada. AmeriCredit has over one million customers and approximately $16 billion in managed auto receivables. The Company was founded in 1992 and is headquartered in Fort Worth, Texas. For more information, visit http://www.americredit.com.
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SEATTLE, April 25 /PRNewswire-FirstCall/ -- NeoRx Corporation (Nasdaq: NERX) today announced that it has received all shareholder approvals required to proceed with its previously announced $65 million financing transaction. The proposed financing transaction and amendment of the Company's articles of amendment to increase the authorized common stock were approved by more than 94 percent of the nearly 20 million shares voting on each proposal. The Company expects to close the financing transaction on or before April 26, 2006.
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LAS VEGAS, Jan. 4 /PRNewswire-FirstCall/ -- Las Vegas Sands Corp. announced today that the company has entered into a credit agreement which provides financing of up to SGD $5,442,604,530 for the development of the Marina Bay Sands in Singapore. Borrowings under the credit agreement will bear interest at a spread of 2.25% above the Singapore Dollar SWAP Offer Rate for a selected maturity of one, two, three or six months. The current Singapore Dollar Swap Offer Rate for a maturity of three months is approximately 2.16%.
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