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October 26th, 2011

Finance Credit Debt

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Selected News

ConAgra Takes On PaymentInKind Debt To Finance Unit Sale (CattleNetwork.com)

NEW YORK (Dow Jones)ConAgra Foods Inc.s (CAG) decision to sell its commodity trading operations rids the company of a volatile business, but the deal will also leave the packagedfood maker exposed to a type of debt thats become unpopular in the riskaverse credit markets of late. Read more

Interest costs hamper UI amid credit crisis (The Champaign NewsGazette)

URBANA The national credit crisis is costing the University of Illinois money $30,000 to $50,000 a week in interest costs and forcing the school to restructure some of its shortterm debt. Trustees this week gave administrators broad authority to rework up to $110 million of variable rate demand bonds backed by two troubled bond insurance companies. Read more

Citys bond debt is acceptable, many say (Anchorage Daily News)

Anchorages debt keeps on growing. Read more

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