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...Retirees are typically among the firms’ largest creditors but do not have a vote on the sale of the firm....
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...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....
...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....
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...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....
...The group has said the deal is being made by the “creditor of last resort”, but GAM’s board said in response that the Liontrust deal is the only “viable option” to restructure the business and support it...
...Ortenca AliajSeveral creditors, not just SoftBank, but yes, a lot of the creditors that are currently involved....
...risky financial products....
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...Notoriety stems mostly from his promotion of a wave of Chinese reverse mergers as president of New York Global Group....
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