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British Eastern Airways agrees to refinancing from Santander

Humberside-based air transport business Eastern Airways Europe said Thursday its future expansion plans are now backed up after securing refinancing from Santander Corporate Banking. Eastern Airways Europe is a regional air transport business operating in the UK and across Europe. The business was founded in 1997 as a service for oil and gas workers living in the UK and working offshore. Since then, Eastern Airways has evolved to provide transport operations…


US financial firms will have to replace $800 billion by 2015

LONDON | US corporate borrowers have nearly $3 trillion in rated debt that will mature by year-end 2016, according to risk agency Standard & Poor's estimates. In its June report about refinancing needs in the US, S&P analysts said the overall issuance volume in the US is sufficient to refinance this term schedule, but there could be foreseen potential friction for two areas of the corporate credit market: the lowest rated…