STORM Networks will be launching the STORM Loan Marketplace, a new online application service that uses real-time agent bank data aimed at improving settlement efficacy and times, in the first half of 2009.
NRG Energy bonds and loans jumped five to seven points after Exelon’s $6.2 billion bid for the Princeton, N.J.-based energy producer; auto loans gained a few points as General Motors and Chrysler stepped up merger talks and bids wanted in competition that closed Monday and Oct. 17 both traded better than market participants expected as buyers appeared to be mobilizing funds for a return to the loan market.
eBay has drawn down $1 billion of its $2 billion revolving credit facility to fund the $945 million acquisition of Bill Me Later, a company that facilitates online transactions without having to use a credit card.
NRG Energy bonds and loans jumped five to seven points today after Exelon’s $6.2 billion bid for the Princeton, N.J.-based energy producer.