Rezvan says he expects Chesapeake to use substantially all the cash to pay down its revolving bank credit facility.
This tapering off of expansion should free up cash to pay down debt, enlarge the dividend and fund a new share buyback plan.
Japan's overborrowed businesses are using surplus cash to pay down debts.
ConocoPhillips has more oil and gas properties around the world than it can reasonably develop, so it is selling some to raise cash and pay down debt.
Rio instead raised cash to pay down hefty debts with a rights issue and also announced an iron ore tie-up with BHP (which itself had tried, and failed, to acquire Rio in 2008).
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Corporations could bring their cash home to pay down debt, bolster pension plans and even invest in new plant and equipment.
Lehman realized a benefit by using the cash received to pay down other liabilities for a temporary improvement in the leverage ratio.
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Vodafone owns 45% of Verizon Wireless, but under terms of their arrangement with Verizon, which owns the other 55%, the wireless operator has been using its prodigious free cash flow to pay down borrowings from Verizon.
This healthy free cash flow has enabled the company to pay down the debt from the Washington Group acquisition, leaving it with a strong balance sheet and a net cash position.
Now that they want to cash those stocks in to pay down the billions of rupees he owes them.
The BBA said small and medium-sized businesses were sitting on large cash reserves and choosing to pay down their debts, rather than borrow more.
Encore started working the fields a month later, pumping oil so it could generate cash for new activities, pay down debt and get that 7%-plus return.
Bunge used cash from the sale to pay down debt and to strengthen its position as a reliable global network capable of providing food stuffs where and when needed.
Because they distribute most of their income and capital gains in the form of dividends during the good times, they are unable to pay down debt or build up cash reserves prior to the inevitable downturns.
McCourt is desperate for cash to meet payroll and pay down debt and may have not other choice other than to sell or, as I wrote yesterday, place the Major League Baseball franchise into voluntary bankruptcy.
SaveUp rewards consumers who pay down their debt or put more cash into their bank accounts are eligible.
That gave them free cash flow and the ability to pay down some debt, but also continue to consume at about the same pre-recession levels.
It is a significant uplift at a time when many other member states have been frantically stuffing their hands down the back of the sofa to find the cash just to pay their existing subscriptions.
For years that meant states used the settlement cash they received in excess of what they needed to make interest payments to pay down principal.
When assessing whether it makes more sense to pay down debt or save for retirement, all of the inflows and outflows of cash have to be considered.
As to the secret funds, set up over 50 years ago and totalling FFr394m for this year, they have their place, he thinks: just over half goes to run the secret services, the rest being shared between the presidency and the prime minister's office to boost (in crisp cash) the pay packets of the supposedly overworked and underpaid, from senior ministerial advisers down to secretaries and cooks.
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