One More Blow for Reed

first_imgAfter pulling RBI off the block this week, London-based publisher Reed Elsevier received more bad news from an investor’s ratings service.Moody’s Thursday lowered its outlook for Reed from “stable” to “negative.” In its statement, Moody’s said it was concerned that without proceeds from a sale of RBI, the company might need to increase the amount of debt it will need to raise to refinance loans associated with its February acquisition of data provider ChoicePoint.As of last month, Reed was expected to extend the March 2009 deadline for refinancing half of the $4.17 billion loan it used to buy ChoicePoint. The company, of course, had planned to pay off a portion of the debt with proceeds from selling RBI. Meanwhile, Moody’s maintained Reed’s senior unsecured credit rating at “Baa1,” an investment grade level ranking, but said the company needs to take steps like manage discretionary expenses and conduct assets sales to maintain its rating.Not surprising, but this further illustrates the bumpy road ahead for Reed and RBI.last_img read more

NEIGHBOR NEWS Whats Making Headlines In Tewksbury

first_imgTEWKSBURY, MA — Ever wonder what’s making news next door in Tewksbury? Bill Gilman, editor of Your Tewksbury Today, has the answer!Below is a collection of top Tewksbury stories, primarily written by Gilman, that were recently published on his popular website.Top Tewksbury Stories (June 10, 2019 to June 17, 2019)Tewksbury Father Killed In Route 38 CrashTewksbury Police Seek Help Solving Car Break-InsTewksbury Police Department Officer Receives Recognition From MAWLEKona Ice Truck To Visit Tewksbury Community MarketAt Your Library: Summer Reading Program Begins; Teen Party; Kids Party Your Tewksbury Today is Tewksbury’s premiere online hyperlocal news source. Follow YTT on Facebook and Twitter.Like Wilmington Apple on Facebook. Follow Wilmington Apple on Twitter. Follow Wilmington Apple on Instagram. Subscribe to Wilmington Apple’s daily email newsletter HERE. Got a comment, question, photo, press release, or news tip? Email wilmingtonapple@gmail.com.Share this:TwitterFacebookLike this:Like Loading… RelatedNEIGHBOR NEWS: What’s Making Headlines In Tewksbury?In “Community”NEIGHBOR NEWS: What’s Making Headlines In Tewksbury?In “Community”NEIGHBOR NEWS: What’s Making Headlines In Tewksbury?In “Community”last_img read more