Pacific Capital sweetens deal for debt holders
Debt holders appear to be pushing back against Pacific Capital Bancorp, the parent of Santa Barbara Bank & Trust in the middle of a $500 million rescue deal that requires debt holders’ cooperation. Pacific Capital has more than doubled its cash offer on some of its outstanding debt and extended the deadline to accept to Read More →
Limoneira breaks even on 70 percent revenue gain
Limoneira Co. reported mixed second-quarter results, as revenues jumped 70 percent but shareholders saw no profits. The Santa Paula-based citrus and avocado grower and real estate developer reported net income of $47,000 applicable to common shareholders after preferred dividends, and a $564,000 non-cash charge for the mark-to-market adjustment on its interest rate swaps. The company Read More →
Ventura's City Hall reaches out to business leaders
The détente between Ventura’s business community and City Hall continued on June 12, with the city’s second “Economic Summit” and the first meeting of the economic development roundtable dubbed the “Prosperity Council.” Close to 150 people attended the Saturday morning summit, which included sessions on four topics: “greening” the Ventura economy; enhancing the business climate; Read More →
Limoneira refinances its loans on planned Paso Robles project
Limoneira Co. has refinanced debt on Windfall Farms, its large San Luis Obispo County real estate development. The Santa Paula-based citrus and avocado grower increased its Windfall Farms debt held with Farm Credit West to $13 million, from $10.5 million outstanding, and extended the maturity date to May 1, 2013, according to filings with the U.S. Read More →
A mid-year update from the newsroom
In just a few weeks, June 30 will roll around on the calendar and the second half of the year will begin. That’s why I’m going to take a bit of a timeout this week and give you an update from the newsroom on developments for the rest of 2010. As you can tell from Read More →
