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...The yield on the average single-B rated US corporate bond — a credit rating that often includes many risky leveraged buyouts — has risen to 8.28 per cent, from 4.74 per cent at the start of last year, data...
...A discount on the bonds lifted the yield on the single-B rated notes to 11 per cent, according to people briefed on the matter....
...However, the vast majority are single B rated or double B rated borrowers, who should have access to capital. Lower-rated companies, however, may struggle with refinancing....
...Hidden threat B. Riley Financial is under fire for funding a buyout linked to a firm that prosecutors call a fraud, The Wall Street Journal writes....
...Even higher-quality companies are getting shut out, with single-B and single-B minus rated loan issuance in the US down more than 70 per cent from 2021 levels....
...Companies with double B or B plus debt ratings have received solid demand, while lower-rated single B and triple C rated companies have been forced to go to private credit lenders for financing....
...These have picked up markedly in recent years, from a low of about 400,000 b/d in the pandemic year of 2020 to about 1.4mn b/d recently, according to Richard Bronze at Energy Aspects....
...My daughter wants to be the girl, Mabel – but Madame B steals the show for me....
...foray by French investors into Hollywood in a year after Mediawan, founded by French telecoms billionaire Xavier Niel, struck a deal in December to buy Brad Pitt’s sought-after production company Plan B...
...Antoine Gara in New York Luxury Trend to watch Luxury lost some of its sparkle in 2023....
...helen.thomas@ft.com Letter in response to this column: Slapping a green label on mortgages ‘won’t cut it’ / From Steve Round, Co-Founder, SaaScada, London EC3, UK...
...Shares in the exchange, best known as the listing home of names such as Apple and Meta, were almost 13 per cent lower in midday trade and it was downgraded one notch by Standard & Poor’s to triple B....
...Newcomer Giorgio Bulgari, whose worldwide debut of Giorgio B took place at the same event, must have felt a similar thrill....
...A B-rated corporate loan owned by an insurer has to set aside equity of 9.5 per cent....
...But in hushed tones, investors and advisers have been increasingly warning DD’s Antoine Gara, Eric Platt and William Louch of trouble ahead. So how much of a bind is private equity in, really?...
...Class B and C absolutely are.”...
...“Unlike the last several weeks where everything was double-B to get done, we’re starting to test single-B land,” Roberta Goss, a senior managing director at asset manager Pretium, said, referring to the...
...Only after they spoke did Bravo learn that Bankman-Fried was also in the process of raising a $900mn Series B funding round at a $18bn valuation, with a who’s who of investors including Sequoia Capital,...
...Chief financial officer Antoine Forterre said the group wanted to expand further in credit and was considering more acquisitions....
...held Mediawan, whose titles include Call My Agent and The Three Musketeers, was founded in 2015 by the telecoms billionaire Xavier Niel, investment banker Matthieu Pigasse and television executive Pierre-Antoine...
...When banks were racing to lend to companies and private equity firms at the start of the year, a US business with a lowly single B debt rating could expect an interest rate of roughly 4.74 per cent....
...“We’re worried about deteriorating macro conditions, and that’s traditionally not the time when investors deploy a lot of capital into the single-B [corporate debt rating] risk.”...
...“[B]ut we do not count our chickens yet as we are only in the first quarter of the game.”...
...If the social media company’s directors are serious about keeping Musk at bay, the other credible plan B is to find a white knight, who could offer an alternative to the $54.20 a share proposed by the entrepreneur...
...American billionaire Bill Foley and Hollywood star Michael B Jordan bought Bournemouth football club for £120mn, as money continues to pour into the English Premier League....
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