debt

  • Twitter To Raise Up To $1.5B In Debt Offering

    Twitter To Raise Up To $1.5B In Debt Offering

    Twitter wants more cash. The company announced two $650 million debt offerings in a filing today, each with a potential $100 increase provided that the sales are oversubscribed. Assuming full tip, including the $100 million boosters, Twitter will raise up to $1.5 billion with the two offerings. Half the debt will be due in 2019, and the other half in 2021. The company famously raised… Read More

  • Apple’s Massive Debt Offering Will Total $12B

    Apple’s Massive Debt Offering Will Total $12B

    Apple will raise $12 billion in debt, paying a 0.77 percent premium over Treasuries on the component 10-year notes. The offering will contain seven parts, with maturities ranging from three years to 30. Apple’s recently enlarged shareholder return program is not cheap. By raising a fresh $12 billion via bond issuance, Apple is not forced to bring home foreign cash reserves, a process… Read More

  • With $500K In The Bank, Credible Launches A Kayak-Style Marketplace To Simplify Student Loan Refinancing

    With $500K In The Bank, Credible Launches A Kayak-Style Marketplace To Simplify Student Loan Refinancing

    With outstanding student debt now over $1 trillion in the U.S., it’s clear that college grads are struggling mightily to make payments and refinance their debt. Meanwhile, thanks to decades of plummeting borrowing costs, millions upon millions of consumers have been able to refinance mortgages and begin paying down debt. In some irrational alternate universe, one might expect that… Read More

  • P2P Lending & Education: CommonBond Launches With $3.5M, Joining SoFi In Quest To Solve The Student Debt Crisis

    P2P Lending & Education: CommonBond Launches With $3.5M, Joining SoFi In Quest To Solve The Student Debt Crisis

    Piggy-backing on the recent launch (and massive funding) of SoFi, a new startup is launching today that wants to breathe some fresh air into the broken, complex and mollasses-slow student loan system. New York City-based CommonBond aims to bring the power of crowdsourcing to bear on student debt by connecting student borrowers and alumni investors and offering loans at a lower fixed rate than… Read More

  • With New Payments Feature, ReadyForZero Begins To Automate Getting Americans Out Of Debt

    With New Payments Feature, ReadyForZero Begins To Automate Getting Americans Out Of Debt

    Y Combinator-backed financial service ReadyForZero, which focuses on helping Americans pay down their $2.5 trillion in personal debt, is expanding its feature set today to include online payments. The new addition, a part of ReadyForZero Plus, will detect when you have new deposits in your bank account, and will then immediately advise you how to spend that money to more quickly pay off… Read More

  • Now On Your iPhone, ReadyForZero Is Ready To Save You From Debt

    Now On Your iPhone, ReadyForZero Is Ready To Save You From Debt

    YC alum ReadyForZero, an online financial service that’s trying to get people out of debt faster, is today expanding to mobile with the launch of its first mobile app. For now, the experience is designed mainly to give you at-a-glance insight into your current debt situation. However, the mobile app also uses iOS push notifications to alert you to large purchases and payments which… Read More

  • ReadyForZero Helps Users Pay Off $12.5M In Debt; Now Launching Offers Platform

    ReadyForZero Helps Users Pay Off $12.5M In Debt; Now Launching Offers Platform

    ReadyForZero, an online financial service (and YC alum) focused on addressing a real need – getting people out of debt faster – appears to be working. The company, which is now reporting 13% month-over-month growth, says its users have paid off $12.5 million in debt to date, out of the nearly $200 million worth of debt managed by the service. That number has been growing quickly, too. Read More

  • Like Mint For People In Debt: ReadyForZero Now Supports Mortgages & Loans

    Like Mint For People In Debt: ReadyForZero Now Supports Mortgages & Loans

    Y Combinator alum ReadyForZero is rolling out an upgrade to its debt management service today, with new features that will now allow its users to centralize and manage more of their debt using its online application. Previously, the company was focused only on reducing consumers’ credit card debt. Now it’s adding support for mortgages, auto loans and student loans, too. Read More

  • Sprint finds potential buyers for Nextel

    Sprint finds potential buyers for Nextel

    As Nextel continues to hemorrhage customers, Sprint is still trying to push it (and the accumulated debts) on someone else. According to the WSJ, they’ve received a handful of inquiries as of late. Amongst those said to be interested are Latin American iDEN carrier NII, and private equity firm Cerberus Capital Management. Just three years ago, Sprint snapped up Nextel for $35 billion. Now… Read More

  • Danger Inc. in trouble, IPO coming soon

    Danger Inc. in trouble, IPO coming soon

    Had no idea Danger was in the hole $7.2 million. Most of us know Danger through the T-Mobile Sidekick brand, which utilizes the Palo Alto-based company’s software-as-service for data and Internet, but they make a few extra bucks for themselves in Europe and OZ with the hiptop brand. At the end of their fiscal year on September 30, Danger reported a loss of $28 million. The previous… Read More

  • Porn Destroys Amp'd Mobile

    Porn Destroys Amp'd Mobile

    Amp’d Mobile is most likely shutting down today, July 31, and a list of assets for sale shows where the $360 million in VC went that caused the MVNO to file for Chapter 11. Of course, there’s the additional $100 million Amp’d owes Verizon, but that’s beside the point. It seems a big chunk of change went towards the production of porn, which is prevalent when zooming… Read More

  • Verizon To Shut Off Amp'd Mobile?

    Verizon To Shut Off Amp'd Mobile?

    With Amp’d Mobile filing for Chapter 11 protection and owing Verizon a lot of cash, things in the future could not get any worse for the dying MVNO. But I suppose Verizon threatening to shut off your network, effectively slowing your business to a grinding halt, is a bit worse. Verizon recently asked Amp’d to cough up $4.5 million within 10 days or face a shut off. When your… Read More