debt

Pittards looks to restructure debts

Published: June 30, 2023

Yeovil-headquartered tanner and leather goods maker Pittards has agreed terms on a restructure of its debt facilities, but the deal remains dependent on the company raising further equity. Read More...

Adient reports third quarter results

Published: August 6, 2021

The U.S. based automotive seating Tier-1, company has reported third quarter GAAP net income of US$71 million.

Stahl debt facilities extended

Published: September 3, 2020

Wendel, Stahl’s major shareholder, said it has welcomed the successful achievement of a process of Amend and Extend of the debt facilities of the chemical manufacturer.

Tata Motors aims to bring debt down to near-zero levels

Published: August 28, 2020

Addressing the shareholders during the 75th annual general meeting, N Chandrasekaran, Chairman, Tata Motors, said the owner of Jaguar Land Rover (JLR) intends to significantly bring down the debt and come to near-zero debt levels in the next three years.

Kering issues dual-tranche bond of €1.2 billion

Published: May 12, 2020

The French luxury conglomerate has issued a dual-tranche bond for a total of €1.2 billion, consisting of a €600 million tranche with a three-year maturity and a 0.25% coupon, and a €600 million tranche with an eight-year maturity and a 0.75% coupon.

Pittards posts higher revenue in 2017

Published: March 27, 2018

The UK headquartered leather manufacturing Group has posted £30.3 million (US$42.80 million) in revenue for the year ending December 31, 2017.

GST AutoLeather cleared for acquisition bidding

Published: November 22, 2017

Under the company’s plan, bids to acquire the Michigan, U.S., based supplier of premium leather for automotive interiors will be received until January 8, 2018.

JBS reduces debt and posts decline in net profit

Published: November 14, 2017

Brazil’s meatpacking giant has posted a net profit of R$323 million (US$98.5 million) in the three months to September 30, 2017, down from R$887 million (US$270.5 million) in the corresponding period the previous year.

JBS says IPO will go ahead

Published: August 18, 2017

The owners of the Brazilian meatpacking giant remain confident that they can revive the international listing, which was initially planned to be launched in the first half of 2017.

Adient reports solid Q3 results

Published: July 28, 2017

The automotive parts and seating supplier has reported that GAAP net income and increased to US$204 million in the third quarter of fiscal 2017 ending June 30.