SBI toes US line on Iran's Letters of Credit.
Byline: Amiti Sen & Priti Patnaik NEW DELHI: Buckling under the US pressure, the State Bank of India (SBI) has stopped honouring Iranian letters of credit (LCs), hurting trade between India and the west Asian nation. An Iranian tea delegation, which visited India recently for...

SBI toes US line on Iran's Letters of Credit.
Byline: Amiti Sen & Priti Patnaik NEW DELHI: Buckling under the US pressure, the State Bank of India (SBI) has stopped honouring Iranian letters of credit (LCs), hurting trade between India and the west Asian nation. An Iranian tea delegation, which visited India recently for...

Aegean Marine Petroleum Network Inc. Announces New $300 Million Credit Facility.
Solidifies Financial Flexibility PIRAEUS, Greece, Feb. 18 /PRNewswire-FirstCall/ -- Aegean Marine Petroleum Network Inc. today announced it has received a commitment letter for a new $300 million senior secured revolving and letter of credit facility. The two-year facility, underwritten by HSH Nordbank AG and The Royal Bank...

Geokinetics Announces 2009 Capital Expenditure Budget and Amendment to Revolving Credit Facility.
HOUSTON, Feb. 17 /PRNewswire-FirstCall/ -- Geokinetics Inc. (NYSE Alternext: GOK) announced today that its Board of Directors has approved a capital expenditure budget for 2009 of $37.3 million, which is a reduction of over 50% from capital expenditures in 2008. The Company expects investments in 2009 to be targeted...

Dollar Thrifty Automotive Group Adds Flexibility to Fleet Financing and Right-Sizes Senior Secured Credit Facility.
TULSA, Okla., Feb. 4 /PRNewswire-FirstCall/ -- Dollar Thrifty Automotive Group, Inc. today announced that it has obtained approval from the rating agencies and the monoline insurers of its medium-term note ("MTN") programs to eliminate the requirement that the Company maintain a specific percentage of the value of its vehicle...

Liz Claiborne Inc. Completes Amendment and Extension of Its Bank Revolving Credit Facility.
- Extends Maturity Date to May 31, 2011 - Eliminates Leverage Covenant and Asset Coverage Covenant - Provides for Secured Asset-Based Structure - Reduces Facility Size to $600 Million from $750 Million, Appropriate for the Company's Projected Needs - Repays $175...

WSFS Reports Preliminary Fourth Quarter 2008 Results.
WILMINGTON, Del., Jan. 22 /PRNewswire-FirstCall/ -- WSFS Financial Corporation , the parent company of WSFS Bank, yesterday disclosed that it expects results from the fourth quarter 2008 to reflect an increase in loan portfolio credit costs, as well as a decline in the value of certain assets. WSFS expects...

USG Corporation Amends Bank Agreement - Additional Step Further Improves Financial Flexibility.
CHICAGO, Jan. 8 /PRNewswire-FirstCall/ -- USG Corporation , a leading building products company, announced today that it has amended its unsecured revolving credit facility to provide the company with additional financial flexibility. The amended facility, which is now secured, matures in 2012 and provides for revolving loans of up...

Flashbacks Of 2008.
The year of 2008 has been an eventful year for pension regulation. There were a number of legislative changes, court decisions and consultation papers which have a direct impact on pension plans. In addition, the recent volatility in the financial markets has caused concerns with the funding of pension...

S1 Corporate Banking Receives Ten Best-of-Breed Ratings in Greenwich Benchmarking Study.
Study Results Recognize Strengths in Usability, International Capabilities and Trade Finance NORCROSS, Ga., Feb. 18 /PRNewswire-FirstCall/ -- S1 Enterprise, a division of S1 Corporation and a leading global provider of multi-channel financial services software , today announced that S1 Corporate Banking received ten best-of-breed ratings in Greenwich...