CNONGD

Finance, Credit and Loan Information

March, 2015

Hercules Technology Growth Capital CFO Sells $27980.00 in Stock (HTGC)

Hercules Technology Growth Capital (NYSE:HTGC) CFO Jessica T. Baron sold 2,000 shares of the companys stock on the open market in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of $13.99, for a total value of $27,980.00. Following the sale, the chief financial officer now directly owns […]

American Apparel (APP) Reports Q4 Loss of $0.16/Share; Sees Being Able to …

American Apparel (NYSE: APP) reported Q4 EPS of ($0.16), versus ($0.19) reported last year. Revenue for the quarter came in at $153.5 million, versus $169.1 million reported last year. Significant Charges Customs settlements and contingencies – We wrote off $3.3 million of duty receivables for our European subsidiaries based on a recoverability analysis and probability […]

Fitch Rates Denali Capital CLO XI, Ltd./LLC

CHICAGO–(BUSINESS WIRE)–Fitch Ratings assigns the following rating and Rating Outlook to Denali Capital CLO XI, Ltd./LLC: –$253,500,000 class A-1 notes AAAsf; Outlook Stable. Fitch does not rate the class A-2, B, C, D or E notes, or the subordinated notes. TRANSACTION SUMMARY Denali Capital CLO XI, Ltd. (the issuer) and Denali Capital CLO XI, LLC […]

Debt collectors set to lose with the newly amended National Credit Act

Amendments to the National Credit (NCA), gazetted on Friday, will make it impossible for unscrupulous debt collectors to collect debt that had prescribed (expired) The changes to the act will mean that if a consumer had not acknowledged a debt for more than three consecutive years either verbally or in writing the debt was considered […]

Falcone-backed LightSquared wins court approval to exit bankruptcy

Ergen, who has been amassing wireless spectrum through satellite TV operator Dish, has emerged asFalcones greatest rival to take control of LightSquared. The Dish chairman invested personally in LightSquared secured loans. LightSquared announced a deal in November that would have given Ergen 60% of the equity in the company but could not finalize the agreement. […]

National Credit Act amendments bring relief to consumers with expired debt

Amendments to the National Credit Act (NCA), gazetted on Friday, will make it impossible for unscrupulous debt collectors to collect debt that has prescribed (expired) The changes to the act will mean that if a consumer had not acknowledged a debt for more than three consecutive years either verbally or in writing the debt was […]

Enforcement Directorate attaches Rs 130 crore worth Indu assets

Hyderabad: The Enforcement Directorate has provisionally attached assets worth Rs 130 crore including lands of Lepakshi in Anantapur on Thursday belonging to the Indu group of companies owned by industrialist I. Shyam Prasad Reddy. This is the second attachment of properties of the Indu group. Earlier, the ED attached properties worth Rs 53 crore of […]

Small lenders force fee issue

Microfinanciers are suing the National Credit Regulator (NCR) and Minister of Trade and Industry Rob Davies for failing to review the service fees that can be be charged on credit agreements, and despite a 2014 court order declaring that they do so. MicroFinance South Africa (MFSA) last week issued an urgent application in the high […]

The Daily Docket: Lifestyle Lift Shuts Down, Considers Bankruptcy

Lifestyle Lift, a nationwide chain of cosmetic surgery centers, abruptly shut down the majority of its business Monday and said it is considering filing for bankruptcy. The Wall Street Journal has the Daily Bankruptcy Review article here. (Daily Bankruptcy Review is a daily newsletter with comprehensive coverage and analysis of emerging and in-progress insolvencies and […]

Former Stamp Farms employees indicted in bankruptcy fraud conspiracy case

DECATUR, MI –Three former employees of Stamp Farmshave been indicted on charges they conspired to defraud the US government leading up to and following the bankruptcy of the Decatur business. The indictment filed Wednesday in US District Court in Grand Rapids alleges Robert Dennis Trowbridge Jr., his brother Andrew Paul Trowbridge and Larry Thomas Stambeck […]

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