CreditSize.com – Credit Size

Chase, Air Canada and Mastercard Announce Partnership to Launch a Credit Card in the U.S.

WILMINGTON, Del. & MONTREAL & PURCHASE, N.Y.–(BUSINESS WIRE[1])–Today Chase, the largest co-brand card issuer, and Air Canada, Canada’s largest airline and a Star Alliance founding member, announced a strategic partnership that will make Chase the exclusive issuer of the airline’s Aeroplan U.S. credit card. As a part of this partnership, Mastercard will become the exclusive payments network for the new...

KBRA Credit Profile (KCP) Releases Research – Sizing Up CMBS Exposure to Simon Property Group

NEW YORK–(BUSINESS WIRE[1])–KBRA Credit Profile (KCP), a division of KBRA Analytics, releases a special report which identifies CMBS exposure to Simon Property Group (SPG) sponsorship and examines the credit risks of individual loans and properties using a variety of commercial real estate metrics, including in-line tenant occupancy, net cash flow, and debt yield. The examination also considers qualitative characteristics including...

Avaya Announces Closing of Its Senior First Lien Notes Offering, Offer to Repurchase and Extend Maturity of First Lien Term Loans and Extension of Maturity of ABL Facility

SANTA CLARA, Calif.–(BUSINESS WIRE[1])–Avaya Holdings Corp. (NYSE: AVYA) (“Avaya”) today announced that its wholly-owned subsidiary, Avaya Inc. (the “Company”) has closed its previously announced private offering (the “offering”) of $1 billion in aggregate principal amount of Senior First Lien Notes due 2028 (the “notes”). The notes bear cash interest at a rate of 6.125% per annum, payable semi-annually on March...

Expanded Flexible Credit Line Will Help Colombia Cope with COVID-19

Food delivery in Bogotá during quarantine. Colombia’s lockdown had to be much longer than initially expected. (Photo: Ernesto Tereñes/iStock by Getty Images) September 25, 2020 A country with strong underlying economic fundamentals, Colombia has maintained a Flexible Credit Line (FCL) arrangement with the IMF since 2009 and renewed it most recently in May. On September 25, 2020, the IMF Executive...