Babcock & Brown raises Tricom exposure
April 8, 2008
Babcock & Brown says it has increased its exposure to troubled stockbroking firm Tricom.
Babcock & Brown raises more cash for U.S. investments
Investment and specialised fund and asset management group Babcock & Brown today announced it raised an additional $US335 million ($364 million) of capital for infrastructure investment opportunities in North America, the company said in a statement.
Australian investment firm Babcock & Brown faces potential lender review
Investment firm Babcock & Brown Ltd. faces a potential review by lenders after its shares fell 28 percent Thursday, making it the latest Australian company to grapple with rising concerns over debt and tight global credit markets.
Babcock & Brown forecasts 15% growth
Babcock & Brown has forecast annual profit growth of at least 15 per cent in 2008 after it posted a large rise in 2007 annual profit.
Babcock & Brown 'set to meet guidance'
Investment group Babcock & Brown says it is on track to meet its full year earnings target.
Babcock plunges further
Babcock & Brown, Australia's second-largest investment bank, plunged further, falling almost a third in early trading.
Babcock & Brown denies being in default
Babcock & Brown, which lost almost half of its market value last week, reiterates it is not in default.
Babcock ups exposure in troubled Tricom
Babcock & Brown says it has increased its exposure to troubled stockbroking firm Tricom.
Babcock: corporate debt facility renewed
Babcock & Brown says 25 banks have committed to take part in expanding its so-called evergreen corporate debt facility to $2.8 billion.
Embattled Babcock & Brown Makes Big Rail Deal
In the midst of an investor crisis of confidence in the Australian investment firm, it leads consortium to purchase Angel Trains, a U.K. railcar leasing firm, from RBS.
Australian investment firm Babcock & Brown faces potential lender review
Babcock & Brown Ltd.'s shares fell as much as 32 percent Friday on concerns about its debt position, despite Australia's second largest investment bank clinching a US$7 billion deal to buy Britain's Angel Trains.
Babcock & Brown lifts stake in...
Brisa-Auto Estradas de Portugal, the country's biggest highway operator, says Babcock & Brown increases its stake in the company to 15%.
Debt shadows Babcock & Brown
BABCOCK & Brown Infrastructure has fuelled market fears that it is struggling to manage its heavy debt load after saying it will sell some of an asset it bought less than...
Babcock & Brown considers assets sales
Babcock & Brown Infrastructure is considering selling non-core assets and reducing its $2.4 billion investment in the owner of a natural gas pipeline in the US.
Babcock pledges cash for B&B Power
Babcock & Brown is prepared to help Babcock & Brown Power with funding if the banks don't.
Babcock satellite's voyage in the rough
Babcock & Brown's leveraged infrastructure model is bound to come under further pressure this week following Friday's dramatic events in satellite group Babcock & Brown Power.
Babcock to stick with external oversight
THE Babcock & Brown chief executive, Phil Green, gave every impression yesterday that he had listened to investors' fundamental concerns as he launched a review of listed...
Australian merchant bank Babcock and Brown faces lenders
Babcock & Brown Ltd., Australia's second-largest merchant bank that last week lost half its market value, is accelerating an examination of its listed funds as it faces its bankers over a potential review of its 2.8 billion Australian dollars (US$2.7 billion) corporate debt facility.
Babcock & Brown Financing Deal Stiffs Short-Sellers
The embattled Australian infrastructure investment firm comes to an agreement with creditors to pay higher interest rate in exchange for them dropping review of company's debt covenants.
B&B in freefall as woes mount
BABCOCK & Brown has lost more than $330 million this year from the value of its investments in the listed funds it manages, raising the prospect of significant write-downs that...
Babcock & Brown In Tight Spot As...
Aussie investment co.'s value falls by more than a quarter on problems with gas supply disruptions at energy unit, prompting a sell-off that calls into question its debt covenants.
Babcock & Brown Power Short-Circuited
Australian investment co.'s value falls by a fifth on problems with disruptions of gas supply at its energy subsidiary, prompting short-selling that calls into question its debt...
Babcock & Brown Shares Fall Further
Babcock & Brown's shares plunged 24%, extending their recent sharp fall, on concerns about the company's debt position, even after it clinched a $7 billion deal to buy the...
Babcock extends share plunge
Babcock & Brown, Australia's second-largest investment bank, plunged further, falling as much as 24% in early trading.
Babcock & Brown Shares Fall Further
Babcock & Brown's shares plunged 24%, extending their recent sharp fall, on concerns about the company's debt position, even after it clinched a $7 billion deal to buy the...