B&B Power starts selling to meet its debt
July 4, 2008
BABCOCK & Brown Power will aim to lance the pressure of its immediate short-term debt problems with the sale of at one least one more generating plant by next month, after offloading a half-built NSW power station for the equivalent of $700million.
Babcock & Brown shares dive on fee flow fears
Babcock & Brown, the worst- performing stock on the MSCI Asia-Pacific Index, fell on concerns that credit market turmoil may cut proceeds from asset sales to reduce debt.
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 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 & Brown 'set to meet guidance'
Investment group Babcock & Brown says it is on track to meet its full year earnings target.
Babcock quiet on sell-off
Babcock & Brown has refused to confirm whether Goldman Sachs JBWere and Deutsche Bank have been named independent advisers.
Margin Lenders Cap Funding to Babcock
Three margin lenders stopped funding purchases of Babcock & Brown shares after a sharp drop in the firm's market value.
Babcock struggles with banks
Troubled investment firm Babcock & Brown has begun meeting with its bankers, as it goes ahead with asset sales.
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.
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.
Babcock denies default
Shares in Babcock & Brown rally after the troubled group says it is not in default or breach of its banking covenants.
Babcock extends share plunge
Babcock & Brown, Australia's second-largest investment bank, plunged further, falling as much as 24% in early trading.
Funds 'not affected' by Babcock review
Two satellite funds managed by besieged investment house Babcock & Brown said the review affecting their parent did not affect them or their debt position.
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...
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 pledges cash for B&B Power
Babcock & Brown is prepared to help Babcock & Brown Power with funding if the banks don't.
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.
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 CEO, Chairman Step Down
Babcock & Brown unveiled a major overhaul of its board and management but failed to stem the drop in its share price due to continued concerns about its financial position.
Babcock & Brown Power set to omit...
Babcock & Brown Power said it won't pay a second-half distribution, joining a growing list of infrastructure operators looking to strengthen its balance sheet.
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 & 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 & 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 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.