Prospect News: News for New Century Financial Corp.

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Bank Loans - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products

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Prospect News home > Main news index > All issuers starting with N > Issuers starting with N, BK only > All stories on New Century Financial Corp. > Stories on New Century Financial Corp., BK only

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All markets No structured products Bank loans Canadian bonds CLOs Convertibles Distressed debt Emerging markets High yield Investment grade Liability management Municipals PIPEs Preferreds Private placements All leveraged markets Structured products

Market: BK = Bank loans, CV = Convertibles, DD = Distressed Debt, EM = Emerging Markets, HY = High Yield, IG = Investment Grade, LM = Liability Management, MU = Municipals, PP = PIPEs, PF = Preferreds, PV = Private Placements, SP = Structured Products
Recent items, highlighted in orange, are $4.00 each. All others are $1.00 each. Headlines in gray are not currently covered by your subscription.

New Century Financial Corp.

7/5/2007	BKDDSS	New Century terminates DIP facility, completes $184 million servicing assets sale
4/3/2007	BKCVDDHY	S&P lowers New Century debt
4/2/2007	BKDDSS	New Century files Chapter 11 bankruptcy, obtains commitment for $150 million DIP facility
3/20/2007	BKDDSS	New Century unit receives notice of breach and termination on Fannie Mae contracts
3/19/2007	BKDDSS	New Century receives more acceleration notices, cease-and-desist orders
3/14/2007	BKDDSS	New Century unable to fund loans, stops taking applications; several states issue cease-and-desist orders
3/13/2007	BKDDSS	New Century default, termination notices piling up; SEC launches investigation
3/12/2007	BKDDSS	New Century lacks liquidity to meet loan repurchase obligations
5/20/2002	BK	New Century Financial increases credit facilities to $2.55 billion

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