Latest News

Philip Morris Warns It May Shut Down Hong Kong Research Center Amid Government Ban on E-Cigarettes

Philip Morris Warns It May Shut Down Hong Kong Research Center Amid Government Ban on E-Cigarettes

Philip Morris (PM) has warned that it could be forced to close its research facility for new smoking products in Hong Kong if the local government does not reverse its ban on e-cigarettes, the South China Morning Post reported. The tobacco producer spent HKD78 million ($10 million) to establish the Wong Chuk Hang facility, which opened last year. But the […]

Entercom Starts $300 Mln Offering of Senior Secured Second-Lien Notes

Entercom Starts $300 Mln Offering of Senior Secured Second-Lien Notes

Entercom Communications (ETM), a media and entertainment company, said pre-market Monday that its Entercom Media unit, formerly known as CBS Radio Inc., plans to offer $300 million of senior secured second-lien notes due 2027. The Philadelphia company said in a statement that it expects to use the net proceeds of the offering, cash on hand and availability under its revolving […]