Warrem Buffett e Berkshire

 

  By: GZ on Sabato 09 Novembre 2002 20:16

paga quanto fiat di interessi sui suoi bonds, il 12% circa ma a differenza di Fiat guadagna 200 milioni prima degli ammortamenti anche solo questo terzo trimestre 2002 che è stato il peggiore della sua storia e non ha la concorrenza che ad es Fiat affronta Modificato da - gz on 11/9/2002 19:18:42

 

  By: DOTT JOSE on Sabato 09 Novembre 2002 11:48

si fa pagare il 12,75 % annuo pero.. costa cosi tanto che ahnno abbassato le stime degli utili per CNP.!! mica scemo..!. pero e crollato pure oggi altre scadenze in arrivo: Febbraio 2003 e Giugno 2003.. Junk ratings make it more costly to borrow and forces those investors who are not allowed to own junk-rated debt to sell. "This removes all uncertainty around the refinancing of debt at our electric utility and moves us significantly on our road to financial independence in 2004 and 2005, when we receive an infusion of cash from the sale of our generation assets," said Leticia Lowe, CenterPoint spokeswoman.

Buffett presta 1.3 md a CenterPoint - gz  

  By: GZ on Venerdì 08 Novembre 2002 16:36

Ufff... Berskshire, la società attraverso cui opera Warren Buffett presta oggi 1.3 miliardi di $ a CenterPoint Energy Inc. (CNP) (che prima si chiamava Reliant). CNP è una delle utilities sbudellate nei mesi scorso, del tipo di Calpine, El Paso, Dynegy e compagnia Cominciava a temere il peggio, ma qui sembra di essere nel giusto (+16% ieri) *************************************************** N.B. metto qui notizie rilevanti su titoli discussi o nel forum o negli articoli a cui fare riferimento successivamente ****************************************************** --------------------------------------------------------- CenterPoint Energy Houston Elec Gets $1.3B Financing DOW JONES NEWSWIRES HOUSTON -- CenterPoint Energy Inc. (CNP) confirmed that Berkshire Hathaway Inc. (BRKB) and Credit Suisse Group's (CSR) Credit Suisse First Boston agreed to provide the company's electric utility unit with a three-year, $1.31 billion senior secured credit line. This credit enables the company to meet a requirement of its $4.7 billion credit facilities from a syndicate of 30 banks, which carries a steeper interest rate than the company's previous credit line. It also requires repayment of $1.2 billion by June, The Wall Street Journal reported in its Friday editions. The credit has an interest rate of LIBOR plus 9.75%, subject to a minimum LIBOR rate of 3%. The credit is secured by second mortgage bonds of the electric utility unit. In a press release Friday, CenterPoint said it will use proceeds from the latest credit line to repay $850 million of bank loans to its CenterPoint Houston Electric LLC unit for the repayment of $400 million of debt, including $300 million of senior debentures of its finance unit due to mature Nov. 15, and $100 million of debt of another unit, as well as fees and related expenses. CenterPoint, which recently changed its name from Reliant Energy Inc., expects to close the financing Tuesday. Earlier this week, the company had its rating downgraded by Moody's Investors Service to a junk status based on its recent credit agreements. The company maintains an investment-grade rating by Standard & Poor's. Company Web site: http://www.centerpointenergy.com -Jason Philyaw; Dow Jones Newswires; 201-938-5400 Edited by - gz on 11/8/2002 15:37:38