Hints and tips:
...Triple-B [the lowest rung of IG] spreads are at about 120bp, whereas double-B high-yield is at 200bp. So you pick up 80bp from going from triple-B to double-B....
...(the “Note”) on the earlier of (a) February 31, 2021, and (b) the date on which all amounts under this Note shall become due and payable pursuant to Section 5 (the “Payment Date”)....
..., unifiedferments.com The organic soother The You + I kombuchas and botanical teas are so pretty it almost seems a shame to store them in the fridge – the branding has something of the apothecary about...
...“Banks are nervous to underwrite single-B credit with M&A timelines which could be six months of holding the risk,” said Lauren Basmadjian, co-head of liquid credit at Carlyle....
...Companies rated single-B and below have $200bn in debt due in 2024-25 and about $1.1tn in 2024-28, and some dealmakers believe a wave of bankruptcies and firms turning over their investments to their lenders...
...Blackstone took Tradeweb public in 2019, after acquiring the trading platform a year earlier as part of a $17bn deal for the financial data and terminals business of Thomson Reuters, later rebranded as Refinitiv...
...S&P has rated the bonds single-B minus, among the riskiest ratings it assigns....
...Shopping-wise, I also love Merz Apothecary, a pharmacy that might prescribe you mandarin oil for a mild cold and stocks amazing fragrances and candles. It’s kind of stupid how good the food is here....
..., at its discretion, from the date it became an investor in SVF2 LLC to the end of the company life of SVF2 LLC....
...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....
...The plaintiff was Cassie, the R&B singer, who alleged that Combs had raped her, beaten her and blown up a romantic rival’s car. Combs denied the allegations....
...“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.”...
...The offer values the company at between £5bn and £6bn, two of the people said. The deal would allow its US parent Walgreens Boots Alliance to keep a minority stake....
...France’s Engie and Spain’s EDP Renewables, under the snazzy joint venture name of Central California Offshore Wind LLC, will develop a project together....
...I’m staying at Maison 76, Matthews’ luxurious, four-room B&B set in a former 18th-century apothecary. He tells me that the golfers are fewer now....
...No other customer account at FTX was permitted to maintain a negative balance. b....
...Tiger Global told investors more than half of the fund’s investments were in Series A or Series B deals, typically the first or second big financings for private tech companies....
...Complete a short survey, or get in touch with us at topstoriestoday@ft.com See acast.com/privacy for privacy and opt-out information....
...The funding round comes after a series of public and private sector breakthroughs in the past six months that have generated a flurry of interest around the technology amid a wave of investment....
...That will drag down the overall issuer rating to a B level. Analysts at the research group Covenant Review also highlighted some weak investor protections in the deal documents....
...Retailers reported a jump in sales last summer and there was another spike of interest around Black Friday in November, when B&Q was selling a four-person model for £300....
...Because both entities are deeply involved in this “space” and now need to a) feel better about themselves and b) guard against people going off crypto on the grounds that it is actually a Very Bad Thing....
...Are people updating their economic forecasts for the second quarter to reflect a much worse outcome in terms of the economy being able to reopen? There is very little indication of that in forecasts.”...
...You choose your size and packaging from among the beautiful brown apothecary bottles, so there’s a semi-customised element to every purchase....
...“If [within a year] there is little action because of Covid-19 and Brexit then we would certainly do something ourselves directly — that is plan B.”...
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