Hints and tips:
Related Special Reports
...Retirees are typically among the firms’ largest creditors but do not have a vote on the sale of the firm....
...Its new fund — known as Strategic Investment Partners V — plans to buy risky debt, including junior loans and convertible bonds, as well as preferred stock....
...Underwriters ultimately lent Apollo $3.9bn themselves after failing to find creditors that were willing to lend to the business....
...He accused AARC of causing “damage” and weakening Ted Baker’s financial position. AARC could not be immediately contacted for comment....
..., held large amounts of the token on its balance sheet, raising concerns about its financial health....
...For that reason, it can often spark another situation with a slightly less fancy moniker: “creditor-on-creditor violence”....
...Neumann has held conversations with some of WeWork’s creditors, a group that includes King Street Capital, Brigade Capital and BlackRock, but it has been unclear if any are willing to go along with his plans...
...But overexpansion and a post-pandemic contraction in its market have left it desperate for cash to pay off creditors....
...The filing said EquitiesFirst was a creditor. Hours later, the lawyer filed to withdraw....
...HIG Capital has filed a complaint against fellow middle-market specialist Audax Group, which sold telecoms software company Mobileum to HIG for $915mn in early 2022....
...Creditors seeking to claw back money from the Bengaluru-based group, which was once valued at $22bn, have alleged in Miami court filings that it transferred $533mn to an obscure Florida-based hedge fund...
...Apollo Global Management has shed its financial exposure to failed US trucking company Yellow, selling off a $500mn term loan and dropping plans to extend pricey financing to fund the freight group’s bankruptcy...
...The simplest way to think about dropdowns and uptiers is as a way for companies to do some financial engineering that raises fresh cash by playing one group of creditors against another....
...The difference, lenders and investors noted, was that recent deals reflected new financial conditions, with growth and interest rates that few buyout groups were considering when signing deals between 2018...
...Evergrande has scrambled to reassure creditors in the wake of a series of defaults since its finances started to unravel last year....
...Litigation around such transactions, known in the industry as “creditor-on-creditor violence”, had yielded few final verdicts. This makes Tuesday’s Serta decision a milestone....
...And the bondholder group, led by Apollo, seemed ready to pounce, perhaps even forcing the company into a messy bankruptcy where creditors could take the keys....
...A gambit to raise cash for US rival Carlyle Group’s latest buyout fund has come up short....
...Notoriety stems mostly from his promotion of a wave of Chinese reverse mergers as president of New York Global Group....
...That would require the co-operation of China, the largest bilateral creditor to many distressed states....
...Blackstone, KKR, Ares Management and Carlyle Group are also examining SVB’s loans portfolios. The groups are not looking to buy SVB as a whole....
...LNT & Partners O: 6; L: 7; I: 6; Total: 19The law firm acted for Singapore-based financial technology company Atome Financial in its 10-year strategic partnership with banking group Standard Chartered to...
...However, multiple Carvana creditors also told the Financial Times that they believe the company, with fresh capital, could successfully further slash costs and turn cash flow positive....
...The banks have been marketing a $1.4bn loan and $1bn secured bond to investors, offering large discounts in a bid to lure potential creditors, but investor orders have come up short....
...Citigroup has cut 10 capital markets bankers, per Financial News....
International Edition