LYCOS RETRIEVER 
Refinancing: Lenders
built 644 days ago
With respect to the new senior credit facility: Wachovia Capital Markets, LLC was Sole Lead Arranger for the refinancing, Wachovia Capital Markets, LLC, Banc of America Securities LLC and Goldman Sachs Credit Partners L.P. were Joint Bookrunners. Wachovia Bank, National Association is the Administrative Agent for the Lenders; Bank of America, N.A. is the Syndication Agent; Goldman Sachs Credit Partners L.P., Deutsche Bank Trust Company Americas and Bank of Scotland are Documentation Agents. Proskauer Rose LLP represented Gray for this refinancing.
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Morry Weiss, chairman and chief executive officer of American Greetings, said the proceeds from the refinancing will enable the company to repay outstanding indebtedness, provide liquidity for its current restructuring efforts and provide working capital liquidity for ongoing operations. "Our balance sheet now includes a mix of fixed and floating debt," Weiss said. "With the support of our lenders, we are better positioned to move ahead during this critical transformational stage in which we are laying the groundwork for the future of our business."
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Automobile loan refinancing is a process of locating a new lender for an already existing car loan. Refinancing is often sought out for a better loan rate and extended term. Occassionally refinancing is opted to remove a co-signer. Some persons may have a high interest rate on their automobile loan due to lack of credit, poor credit, lending institution choice or length of term of thier original loan.
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Homeowners who feel as though they are particularly well versed in the subject of refinancing might consider skipping the option of consulting with a refinancing expert. However, this is not recommended because even the most educated homeowner may not be aware of the newest refinancing options being offered by lenders.
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Apart from that, the new lender must ... determine whether you are refinancing because you have been having problems paying for your current loan. Therefore, ideally there should not be any late loan repayments over the past 12 months.
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With all the different types of refinancing loans available today, you should take some time to shop around and speak with several lenders before making a decision. Be sure to discuss all the expenses and benefits, as well as what will be expected of you, in advance. The more you educate yourself, the better your chances of finding the right refinancing package.
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