Hints and tips:
...Anguilla was using a legal device called a derivative lawsuit to sue the Apollo founders on behalf of the company itself, asserting legal rights that it said the company’s directors were unlikely to enforce...
...Apollo’s accounts receivable department never knowingly, or as a matter of practice, improperly billed any Apollo-managed funds for expenses that should have been accounted for as management company expenses...
...company [Apollo] expenses.”...
...And in 2021, Apollo fully merged with Athene Holding, the annuity insurance company it created in the wake of the global financial crisis....
...In those transactions, a pool of assets — such as mortgages, credit card receivables or auto loans — are packaged together, with the interest payments funding new slices of debt that are sold on to investors...
...The sums are listed as “receivables from the manager”....
...“You would think of future receivables as, I will pay my council tax bill every month and I know what it’s going to be, so that’s predictable future outgoing rather than a receivable....
...By far the most important is The Worldwide Production Services LLC (WWPS), a Toronto-based film company that holds digital distribution rights to the ILBE-produced Puffins and Arctic Friends series....
...to the end of the company life of SVF2 LLC....
...But it also shared concerns about the treatment of Pluralsight’s so-called “tax receivable agreement”....
...Regulators are also scrutinising the insurance that the lender has said is in place for its receivables....
...Unlike WeWork, SmileDirectClub also said it would use a so-called tax receivable agreement granting LLC members 85 per cent of the savings generated by an increase in the company’s tax basis....
...Eventually, the OAG notes, the group ended up being banked by a subsidiary of a New York-based entity named Noble Markets LLC....
...OneMain increased its assets rapidly last year, with quarter-end receivables rising from $13.2bn in March to a projected $14.8bn in December....
...As larger rival Paypal has sold off its US consumer credit receivables portfolio, Square seems to be moving in the opposite direction, “seeking to increase its dependence on credit as a driver of growth”...
...The Internal Revenue Service will soon start informing companies that have not complied with the Affordable Care Act (ACA) how much they must pay, according to the IRS and two US officials....
...Separately, Cabela’s also said it was selling its credit card operation – including its $5.2bn credit card receivables portfolio – to Capital One....
...Separately, a subsidiary of Capital One will manage Cabela’s credit card business in a multiyear agreement that includes it assuming $5.2bn in credit card receivables....
...Yet, at the same time as payables were being extended, the company was not able to turn accounts receivable or inventory faster into cash....
...At the half-year stage, the company said two-fifths of its accrued income of £21.6m was not expected until after 31 July 2017. In total, balance sheet receivables stood at £35.1m....
...Lending Club chief executive and founder Renaud Laplanche told analysts the company’s emphasis was on continued “deliberate” growth, saying that of the roughly $900bn in outstanding credit-card receivables...
...While on the receivables front: Gotham’s perspective: 2011-2013 accounts receivable are between 86%-231% of revenue, while deferred revenue only 1%-2% of revenue....
...Mr Icahn said the dividend would be funded by $4.26 per share in available cash as proposed in the buyout deal, $1.73 per share from factoring existing commercial and consumer receivables, and $4.26 a share...
...Borrowers range from manufacturers with their own plant and equipment, trading operations with proven receivables, to pending settlement credits....
...Part of the problem, as the results reveal, was that Glencore was funded in part by conduit programmes backed by asset-backed receivables....
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