Finance Law

NEW YORK, Feb 22, 2012 (BUSINESS WIRE) – –Proportionately combined free cash flow of $3.16 per share exceeds expectations –Atlantic Aviation exits cash flow lockup, expected to distribute approximately $25 million to MIC during 2012 –Proportionately combined free cash flow of $3.50 – $3.60 per share expected in 2012 Macquarie Infrastructure Company LLC /quotes/zigman/1507157/quotes/nls/mic MIC [...]

COLUMBUS, Ohio, Feb 22, 2012 (BUSINESS WIRE) – As the mortgage industry and the federal government struggle to find ways to stem foreclosures, Barry Habib, vice president and chief market strategist for Columbus, Ohio-based Residential Finance Corp. (RFC), proposes a plan to prevent foreclosures and strategic defaults. The proposed plan also enables homeowners to quickly [...]

SANTIAGO, CHILE, Feb 22, 2012 (MARKETWIRE via COMTEX) – Li3 Energy, Inc., /quotes/zigman/577564 LIEG -4.00% (“Li3″, “Li3 Energy” or the “Company”), a US-listed and South America-based global exploration and development company in the lithium and minerals sector, is pleased to announce that Mr. Luis Santillana has been named Vice President of Finance. As Vice President [...]

NEW YORK, Feb. 21, 2012 /PRNewswire via COMTEX/ – NorthStar Realty Finance Corp. /quotes/zigman/359497/quotes/nls/nrf NRF +1.40% (the “Company”) announced today that it has commenced an underwritten public offering of 15,000,000 shares of common stock. The Company expects to grant the underwriter a 30-day option to purchase up to 2,250,000 additional shares of common stock. Deutsche [...]

NEW YORK, Feb. 21, 2012 /PRNewswire via COMTEX/ – NorthStar Realty Finance Corp. /quotes/zigman/359497/quotes/nls/nrf NRF +1.40% (the “Company”) announced today that it has commenced an underwritten public offering of 15,000,000 shares of common stock. The Company expects to grant the underwriter a 30-day option to purchase up to 2,250,000 additional shares of common stock. Deutsche [...]

BOSTON, Feb 21, 2012 (GlobeNewswire via COMTEX) – NewStar Financial Inc. /quotes/zigman/103183/quotes/nls/news NEWS -3.58% , a specialized commercial finance company, announced today that it has closed a $150 million secured credit facility through a financing subsidiary known as NewStar Commercial Funding 2012-1 LLC with an affiliate of Natixis Financial Products LLC. The proceeds will be [...]

NOVATO, Calif., Feb. 21, 2012 (GLOBE NEWSWIRE) — BioMarin Pharmaceutical Inc. (Nasdaq:BMRN) announced today that Jeffrey Cooper, Senior Vice President and Chief Financial Officer, plans to leave the company. He will stay in his current role through the middle of the year and then transition to an advisory role until the end of 2012. “I [...]

 Highlights ·         Golar LNG reports consolidated net income of $17.2 million and consolidated operating income of $33.8 million for the fourth quarter of 2011 ·         Golar LNG announces an increased quarterly cash dividend of $0.325 cents per share·         Golar Arctic entered into a three year charter with annualized EBITDA contribution of $45.0 million·         Golar announces [...]

FAIRFIELD, Conn., Feb 20, 2012 (BUSINESS WIRE) – GE today announces the appointment of two new company officers. GE currently has 196 officers globally who lead large revenue generating businesses or are in critical functional roles, helping to drive growth. Below are the details of the new officers: Larry Biagini, 53, has been appointed as [...]

The cost of insuring European corporate debt fell on speculation the region’s finance ministers will finalize a 130 billion-euro ($171 billion) Greek bailout at a meeting today. Contracts on the Markit iTraxx Crossover Index of credit- default swaps on 50 companies with mostly high-yield credit ratings decreased for a third day, falling 21.5 basis points [...]