Hints and tips:
...Loans do offer higher yields than HY bonds, around 9.4 per cent, but I think a fair portion of that is probably compensation for loss provisioning....
...In 2010, led by 3G partners Schwartz and Alex Behring, 3G bought Burger King for $4.1bn, including debt....
...At this higher cost of funds, how do I make my next loan? Mortgage issuance is going to be down when you double rates. Same thing with auto lending....
...of our financial system,” he said....
...Bankers arranged $15bn in debt financing to fund the leveraged buyout of software maker Citrix....
...However, as shown in the cash flow statement, these revenues do not generate cash, as the business is financed by equity and bank debt.”...
...The most vulnerable are still-profitless companies that need the grace of equity or debt investors to stay alive....
...Pharo Management took a hit from tumbling Russian debt prices....
...“Suddenly there’s a group of people saying I love these management fees, I love the sheer predictable dullness of them.”...
...“I’m excited that our joint collaboration will increase access for the hundreds of millions of Indians who don’t own a smartphone.”...
...No longer would Apollo confine itself to buying companies and loading them with debt....
...And Google has invented a fish recognition system. Anything else on your mind, reader? Tell us below....
...(WSJ) Spanish MEP Luis Garicano thinks the EU Commission should issue coronavirus “consol” bonds to fund the recovery and avoid debt mutualisation in the eurozone....
...However, by 2015 Caesars’ operating subsidiary had succumbed to its massive debt load and filed for bankruptcy, re-emerging in late 2017 after a nasty and protracted fight with hedge funds....
...First off:Capital equipment company A issued debt to finance its acquisition by a private equity fund....
...I don’t know when it will end, I just know it’s unsustainable.”...
...“I can see this going forward because of all the capital that has been raised and the need to deploy it.”...
...Seth Fischer, Oasis: Short Cyberdyne Japanese exo-skeleton support system with an unfortunately evil sounding name (think Terminator). Market cap of $4.7bn or 634x 2017 forecast ebitda....
...Hedge funds and other investors often use repos (repurchase agreements) as a way to leverage and enhance income/returns....
...“I was very, very lucky,” he says....
...(Financial Times) Tiger Asia admits guilt in $60m settlement: “Tiger Asia Management LLC, the New York-based hedge fund run by Bill Hwang, admitted illegally using inside information to trade Chinese bank...
...a minor part of the total public debt of Spain”....
...“I don’t see total debt liability as long as I live,” German Chancellor Angela Merkel meanwhile told members of her coalition on Tuesday, Reuters says....
...funds with the same legal status as private claims....
...But I agree that the point of bail-in should be determined by market-based measures of capital adequacy....
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