Word: borrower
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
High interest rates have been the company's biggest headache. With consumer demand weak, and unsold Wurlitzers gathering dust in warehouses, the company has had to borrow heavily to finance its inventories, driving up total debt to a current level of $24.5 million. Last autumn, the firm defaulted on a restructuring agreement involving $30 million worth of debt obligations with its major creditor, the First National Bank of Chicago. Meanwhile, Wurlitzer's net worth has shriveled to about $20.7 million, and bankers worry whether there would be very much to recover if the company were to default again...
...million over the past two years by selling off some of its less profitable businesses, mainly forest products, Chairman William Agee still had to arrange credit lines for another $1 billion from a consortium of banks to make his takeover bid. Cash-poor Martin Marietta was forced to borrow $892.5 million so that it could buy Bendix stock as a defensive measure. At a current borrowing rate of 14% or so, the two companies could have temporarily faced combined monthly interest charges exceeding $22 million...
...addition to hurting him personally, the incident defamed him in the eyes of his colleagues The police came up to question him in front of his co-workers, he said "Everyone knew what was happening," Wright said, adding that workers were jokingly asking him all day if they could borrow $15 in quarters...
...Growing layoffs have brought the state unemployment compensation fund to the edge of bankruptcy. Clements last week was forced to summon a special session of the legislature to bail out the fund. After two days of partisan debate, both senate and house passed a measure authorizing the state to borrow up to $350 million (at 10% interest) from the federal Unemployment Trust Fund. The legislative package will also require employers to increase their contributions to the fund by about $180 million a year...
...some 40 books and movies. By now readers should be weary of its squalor and despair. Instead, each year brings more visitors. The reason is Graham Greene's ability to remain, at 78, one of the world's most unpredictable artists. From comedies like May We Borrow Your Husband? to the sheer lunacy of Travels with My Aunt, he has consistently astonished those who thought his mastery ended with theological melodramas like The Power and the Glory or moral thrillers like The Third...