Tuesday, March 20, 2007

Announcement of CIT Group Inc.

CIT Group Inc. announced the price to be paid pursuant to its purchase offer dated March 13, 2007 to purchase for cash any and all of its outstanding 7.75% senior notes due April 2, 2012. The Purchase Price per $1,000 principal amount excluding accrued interest is $1,122.26. The accrued interest is $36.81, resulting in the total consideration to be paid of $1,159.07 per $1,000 principal amount tendered.

Accredited Home Lenders Holding Co. Announces Term Loan Commitment
20 Mar 2007, 11:01 AM ET
Accredited Home Lenders Holding Co. announced that it has received a commitment for a $200 million term loan from one or more entities managed by Farallon Capital Management, L.L.C. (Farallon). The loan has a five-year term, an interest rate of 13% per year, and may be repaid by Accredited at any time over the life of the loan, subject to certain conditions and prepayment fees. The loan is a secured obligation of Accredited and its subsidiaries. In connection with the term loan, Accredited will issue Farallon approximately 3.3 million warrants in a private placement, with an exercise price equal to $10 per share. The warrants expire ten years from their issuance date. Farallon will also receive certain preemptive rights to purchase additional equity securities of the Company and certain registration rights with respect to its equity securities in the Company.

Equitable Group Inc. Completes Financing With Canadian Western Bank
19 Mar 2007, 10:00 AM ET
Equitable Group Inc. announced that it has completed $12.5 million financing from Canadian Western Bank.

NIS GROUP CO., LTD. to Sell Unsecured Straight Bonds Worth JPY 10 Billion Through Public Offering
16 Mar 2007, 07:00 AM ET
NIS GROUP CO., LTD. announced that it will sell unsecured straight bonds (SBs) worth JPY 10 billion, which are due March 23, 2009, through a public placement. The bonds will come with annual interest at 2.29%. Barclays Capital Japan Limited will be acting as an underwriter for this offering. The proceeds from the transaction will be used for sales loanable funds, as well as loan repayment.

NIS GROUP CO., LTD. to Sell Unsecured Straight Bonds Worth JPY 10 Billion Through Public Offering
16 Mar 2007, 07:00 AM ET
NIS GROUP CO., LTD. announced that it will sell unsecured straight bonds (SBs) worth JPY 10 billion, which are due March 23, 2009, through a public placement. The bonds will come with annual interest at 2.29%. Barclays Capital Japan Limited will be acting as an underwriter for this offering. The proceeds from the transaction will be used for sales loanable funds, as well as loan repayment.

source:www.investor.reuters.com

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