Charter borrows up to $9 billion to buy Comcast cable systems
Charter Communications on Friday said it received a commitment from several banks for loans totaling up to nearly $9 billion to fund its planned acquisition of about 1.4 million Time Warner Cable subscribers from Comcast.
Goldman Sachs Bank USA, Bank of America, Credit Suisse AG and Deutsche Bank AG New York Branch have agreed to provide incremental senior loan facilities of up to $8.4 billion and a senior incremental revolving facility equal to $500 million, according to a regulatory filing with…
First Bank names Milne to board, reports flat profit
First Banks Inc. on Friday named Ellen Dierberg Milne, a long time employee in marketing, retail, human resources, accounting and finance, to its board of directors.
Milne is a shareholder of the company and the daughter of James Dierberg, the company’s chairman, and sister of Michael Dierberg, vice chairman.
Also on Friday the company reported a profit of $5.2 million in the second quarter ended June 30, down slightly from $5.3 million in the prior-year quarter.
Terrance McCarthy, First Banks…
On the market: what you get in a house for $200,000
8109 Delmar Blvd., University City — $200,000
This three-bedroom, one-and-a-half-bathroom, 2,224-square-foot home was built in 1940.
The lower level is partially finished with a recreation room that has a bar.
1416 Gardenia Drive, Webster Groves — $200,000
This two-bedroom, one-bathroom, 1,400-square-foot home was built in 1929.
The living room features a wood-burning fireplace.
6054 Mardel Ave., St. Louis — $204,000
This three-bedroom, two-bathroom, 1,810-square-foot home was built…
St. Charles lawyer pleads guilty to fraud
A St. Charles County attorney has pleaded guilty to three federal felony counts related to a scheme in which he obtained a loan secured by a property that wasn’t his.
According to the U.S. Attorney’s Office for the Eastern District of Missouri, Jeffrey Witt, 39, obtained a $100,000 bank loan secured by a St. Louis County home he did not own.
He used an associate to impersonate the real owner at the bank loan closing, according to the U.S. Attorney’s Office.
Witt then drew out $60,000 from…
Corporate Counsel honorees shine during reception
With more than 200 people in attendance, the St. Louis Business Journal’s inaugural Corporate Counsel Awards set the bar high Friday morning at the Coronado Ballroom.
The honorees, including Peter Edwards of Mallinckrodt, Christopher Hayes of Emerson, David Kabbes of Bunge NA, Dan Lett of Bunzl Distribution, Brian Lowry of Monsanto, Laura McLaughlin of Logan University, Christopher Wintrode of SSM Health Care, Dan Woodruff of MasterCard and Jan Alonzo of UniGroup Inc. (also general counsel of…