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References in periodicals archive ?
Petroleum Development Corporation (NASDAQ:PETD), a US-based company that explores for oil and gas, has entered into a third amendment of an existing revolving bank loan agreement.
There is also a cross default provision in the bank loan agreements that pull in events of default under the Master Trust Indenture.
ArcelorMittal is aiming to raise $3.5 billion in stock and subordinated notes to reduce its massive debt, which ratings agencies have warned threatens to break bank loan agreements.
Earlier this year Sovello got its bank loan agreements terminated after its subsidies of EUR11.6m (USD15.5m) from the European Commission were withdrawn and the company was on the verge of bankruptcy.
The extent of SFI'S problems started to become apparent last month when it warned on profits and cancelled its dividend after breaching bank loan agreements. At the time, SFI said its rapid expansion had created 'short term pressure' but that it remained confident of its longer term prospects.
In his first communique, Shaikh Hamad pledged to honour all of Qatar's previous commitments, its membership in the Gulf Co-operation Council (GCC), the Arab League, the UN, OAPEC, OPEC, its international agreements, bank loan agreements, etc.