Hints and tips:
...Apollo Global Management improperly agreed to pay $570mn to cover the tax bills of its top executives as part of a shake-up aimed at distancing the private equity firm from its scandal-plagued founder Leon...
...Apollo’s accounts receivable department never knowingly, or as a matter of practice, improperly billed any Apollo-managed funds for expenses that should have been accounted for as management company expenses...
...Apollo told him: “Apollo’s accounts receivable department never knowingly, or as a matter of practice, improperly billed any Apollo-managed funds for expenses that should have been accounted for as management...
...About 75 per cent of Apollo’s assets under management are in private credit....
...The sums are listed as “receivables from the manager”....
...In those transactions, a pool of assets — such as mortgages, credit card receivables or auto loans — are packaged together, with the interest payments funding new slices of debt that are sold on to investors...
...Whichever way, revenue is booked as receivables and squared off against payables, but no money ever has to change hands....
...to the end of the company life of SVF2 LLC....
...Regulators are also scrutinising the insurance that the lender has said is in place for its receivables....
...Eventually, the OAG notes, the group ended up being banked by a subsidiary of a New York-based entity named Noble Markets LLC....
...OneMain increased its assets rapidly last year, with quarter-end receivables rising from $13.2bn in March to a projected $14.8bn in December....
...An earlier version of this story said Elliott Management had made those comments....
...Strong cash flows have been supported by management’s efforts to refinance borrowings at ever lower interest rates....
...Cumulatively between 2013 and 2014, accounts payable management generated $2.4bn of cash while the company only tied up $400m in receivables and inventory....
...While on the receivables front: Gotham’s perspective: 2011-2013 accounts receivable are between 86%-231% of revenue, while deferred revenue only 1%-2% of revenue....
...On Wednesday, expectations that Mr Icahn would join dissidents such as Southeastern Asset Management, Dell’s biggest outside shareholder, in resisting the current buyout plan lifted the company’s shares...
...Borrowers range from manufacturers with their own plant and equipment, trading operations with proven receivables, to pending settlement credits....
...leap out: first, the $21.4bn of unrealised losses on debt securities available for sale, a ninefold increase on the previous year; and second, the $34.3bn gulf between the carrying value and fair value of receivables...
...GMAC also agreed to buy ResCap’s resort finance business and some of ResCap’s mortgage servicing receivables....
...Discover paid a 22 per cent premium to Goldfish’s net receivables when it concluded the deal in February 2006....
...These services include customer acquisition, customer care, automated voice services, emergency communications, conferencing and accounts receivable management....
...SOURCE Liberty Corner Capital Strategies, LLC...
...Grant Thornton, Refco’s auditors, believes there was “purposeful deception that required participation by senior management” and has defended its audit work....
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