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...Minneapolis-based Castlelake is a specialist lender with a focus on aircraft leasing, providing financing for large airlines including United Airlines and Turkish Airlines that is secured against their planes...
...“These are designed to protect investors, ensure our market operates with optimal liquidity and transparency, and allow capital formation.”...
...The company’s major backers include billionaire Jeff Yass’s Susquehanna International Group, Sequoia Capital and its Chinese split-off HongShan as well as Yuri Milner’s DST Global and SoftBank....
...Concord said on Thursday Apollo had committed to provide financing for the deal in the form of debt capital, as well as a minority, indirect equity interest in the bidding vehicle....
...I have had my eyes on the company ever since it scored one of the biggest early-stage investments of 2022, according to CBInsights, which tracks venture capital. 1Komma5 raised $218mn from Porsche’s venture...
...It said US asset management group Apollo had committed to providing financing for the acquisition through debt and a minority stake in the bidding vehicle....
...Instead, they are a signal that rationality is slowly returning to venture capital....
...requirements mean the cost of financing isn’t that much cheaper....
...Fink noted that public equities and bonds now accounted for 70 per cent of financing for non-financial companies in the US, the highest proportion in the world....
...Apollo Management, Ares Management and Coller Capital are among the firms that have gotten into the private-credit ‘secondary market’ investment game....
...JD Sports will pay $87.50 per Hibbett share in cash, representing a premium of about 21 per cent to the US company’s last closing price....
...But the world’s largest alternative asset manager is nonetheless trying to diversify its financing sources....
...The rising interest of activist investors has put pressure on Japanese companies to make more efficient use of capital....
...The private credit premium is simply compensation for doing all this work — “economic rent” in economist jargon. Hanig notes that the premium is larger for smaller loans....
...Last week, German beauty retailer Douglas, a business backed by private equity group CVC Capital Partners, announced plans to list in Frankfurt seeking a valuation of about €6bn....
...We’ve also had Tesla cut the premium-tier driver assistance subscription price in half to $99 a month....
...Financing is less abundant when the safest bonds and money-market funds pay a decent yield....
...But it also possible that its design contains clues as to how to design a successful countercyclical sovereign financing program....
...Pepsi’s one-year bond sold at a 0.4-percentage-point premium to SOFR, which was 5.3 per cent on Nov. 8. So let’s call that 5.7 per cent....
...Trading on a total enterprise value 7.7 times forward ebitda on capital IQ data, the chain comes in at a sharp discount to the branded sportswear stablemates as well as US peer Planet Fitness....
...And the trades probably include some type of premium to account for any uncertainty about interest rates one day in the future....
...financing plans,” said Nabila Popal, research director at IDC....
...In one of the more extreme cases, Airbnb borrowed with a so-called conversion premium of more than 70 per cent....
...These include a resolution at Amazon calling for an assessment of workers’ rights and another asking US bank Citigroup to report on how it considered indigenous peoples’ rights in its financing....
...Berkshire pre-2018 was saying, “our best guess is that the company is probably worth a moderate premium to book, that’s it.”...
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