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...These debts include mortgages and loans for cars, rental equipment and yachts....
...Discover would have been more difficult to get through regulators than the tie-up Discover ultimately struck with Capital One last month, because JPMorgan is already the biggest US credit card lender by loans...
...Private credit groups are now banding together to assemble a $5.5bn direct loan to fund Carlyle’s purchase of a stake in Cotiviti, the largest private loan ever contemplated, according to four people with...
...Last week, Oaktree Capital co-founder Howard Marks told clients the group was trying to raise $10bn to fund loans for big buyouts....
...While it has a credit card loan book of $137bn, it also has issued a significant volume of auto and commercial loans....
...UBS has agreed to sell $8bn worth of loans to private capital group Apollo as part of a renegotiated deal to hive off a Credit Suisse business that securitised loans for assets such as yachts....
...Here’s a telling Barclays chart from a great post Alex wrote last week on the ∾ cough ∾ curiously divergent marking of some BDC loans....
...Roughly $10bn of so-called private credit loans have been refinanced in public markets, as borrowers pay down burdensome loans in favour of a cheaper alternative, according to data from Bank of America....
...Last week, it announced it had made a new loan to executive networking company World 50 and while filings show it was already a lender to the company, a person close to Barings described it as a “net new...
...It had handled the issuing of most of Ant’s securities that were backed by its online loans. However, regulators have still not approved Ant’s application....
...the loan....
...Separately, it paid a $25mn penalty to the CFPB related to private student loan servicing practices. “Capital One is a healthy, well-managed, well-capitalised bank....
...The $552.5mn funding is in the form of a secured loan to law firm Pogust Goodhead, and is the largest ever to a UK law firm in the nearly $16bn litigation funding market....
...Private equity firms are also using margin loans to conjure cash....
...Relying on NAV loans is not without its risks....
...Breit has generated a 10.5 per cent annualised total return inclusive of distribution since its creation, according to Blackstone’s calculations....
...It ultimately turned to Goldman Sachs for the NAV loan and used those proceeds to pay off the junior loan....
...Ubben told investors last week that Inclusive was shutting down less than three years after its launch....
...Its shares, which leapt more than 300 per cent that day, have since dropped three-quarters, while nearly half of its employees left after it introduced a forced relocation policy, and heavy severance and loan...
...The credit business Zito leads includes roughly $461bn of the firm’s investments across structured credit, corporate bonds and loans and private credit....
...Smart reads Blurred lines Two of Abu Dhabi’s biggest banks have reported billions of dollars in loans in recent years tied to their boards that include high-profile royal family members, The Wall Street...
...loans, consumer lending and so on....
...Lenders briefly pushed to split the loan into a senior and junior one....
...The Tefaf volumes have been on loan to Washington’s Smithsonian Institution, latterly from the Terra Foundation collection....
...And rising interest rates have hammered commercial property values across the market, reducing the value of the assets used to secure Signa’s loans....
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