Hints and tips:
...private credit as a mini bridge — [saying] ‘let me put this private credit deal in place and have slightly higher leverage, [but] certainty in place for a period of time, and then maybe in a year or two I’ll...
...“With buyouts, [we can] hunt for companies in the $5bn range . . . what you’ll see us doing . . . is start to do bigger deals and deploy more equity.”...
...We’ll be back to our scheduled programming on Tuesday, January 9. Thanks for reading and happy new year from Arash, JFK and the whole DD crew. Will capital markets and dealmaking make a comeback?...
...These might include leveraged loans, franchise finance or aircraft leasing....
...“We think that’ll continue to be the case particularly given the interest rate environment today.”...
...At some point, these companies won’t be able to keep servicing their debts. Base rate + 800 bps is a lot easier to handle when rates are near zero than at 4-6 per cent....
...Moody’s analysts have warned that by year’s end, more than half of single-B minus rated US companies will not be generating enough cash to cover their capital expenditure while servicing their debt....
...It hit $58bn in loan originations in 2021, a 1,000 per cent increase from two years prior....
...At some point, these companies won’t be able to keep servicing their debts....
...She’ll continue as CFO until a replacement is found....
...If getting or renewing a home loan is your biggest financial worry this year, then rejoice. More and more lenders are cutting their rates....
...Nasdaq-listed Affirm is overly reliant on disadvantaged consumers and as rates keep rising it’ll struggle to sell-off risk and price its loan book effectively, says JPMorgan....
...We’ll see.”...
...This high debt servicing in fact corresponds to a surge in official inflows in 2024 and 2025....
...Stroll has consistently said he’ll stay invested in Aston Martin for the long run....
...Until it reached a deal with Zambia in June, China was generally reluctant to extend maturities of loans to sovereign African creditors....
...The growing cost of servicing its debt is weighing on the company....
...Some crypto miners are defaulting on loans as bitcoin’s price sinks below its production cost; lenders are seizing their mining rigs as collateral....
...He’ll take the reins at a fraught moment for Carlyle, which has lagged competitors like Blackstone, Apollo and KKR in growing its overall assets....
...The big question, perhaps, isn’t so much about who will take the role, but what they’ll demand in return. Twitter’s ‘un-due diligence-able’ debt Wall Street’s buyout machine is gasping for air....
...NB: you’ll get this for 12 months even if you’re no longer in the role! Please submit your application post haste....
...The reason I’ll continue using them is because I know all their branch employees,” said McCarthy....
...The world’s poorest countries are struggling to pay back their loans....
...You'll have the build-up in the arteries a long time before you have the heart attack. Andre de Ruyter was brought in from the private sector to clean the mess up....
...Assets could get cheaper than current valuations, “in which case we’ll buy more”....
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