Hints and tips:
...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....
...It specialises in loans secured against company stock....
...Here’s the FT’s Joe Miller....
...He also extended a $30mn loan to a company registered in the name of Epstein’s private pilot. The company, Plan D LLC, owned a Gulfstream jet....
...The US investor agreed to take New York-listed housebuilder The New Home Company private in a $338m deal earlier this year and is investing in UK mortgage lender Foundation Home Loans....
...Joe Miller 4....
...Science editor Clive Cookson and Frankfurt correspondent Joe Miller dig into the detail of the Pfizer/BioNTech vaccine....
...That presents a problem for the Fed, which maintains a network of secure printers and depots to deliver cash to where it is needed....
...If you can choose between issuing some new “potentially worthless” stock or taking out an expensive loan, it’s a no-brainer....
...26m emission-free vehicles in the next nine years — while making them as profitable as petrol ones and leapfrogging Tesla to become the world’s largest electric carmaker — seems wildly ambitious, say Joe Miller...
...Built jointly by Kazakhstan and China, these pipelines, all since completed, would stretch more than 3,000km and be funded with Chinese state loans....
...“It’s for new money, not for all the loans we’ve already made that are going to go bad.”...
...On top of high-yield bonds and leveraged loans that equate to 6.9 times adjusted earnings, there could be an extra slice of financing known as payment-in-kind (PIK) debt, which is higher-risk because the...
...He was formerly executive vice-president and head of private equity at pension fund Caisse de Dépôt et Placement du Québec....
...Another is that commercial real estate is widely used as collateral for loans to non financial businesses....
...The Home Depot Sector: retail / HQ: Atlanta, US Key stat: Like-for-like sales rose in 11 of The Home Depot’s 14 departments in the first quarter....
...Joe Miller in Frankfurt 72....
...(v) Restructuring continues. Of course it does. But what about that Tesla, eh?...
...Yes, the numbers are bigger, but the shock, while not a V is shorter and sharper than that crash, and the pre-crisis fiscal situation was strong....
...It hired Mr Miller to stabilise the investing business after several institutional investors and investment consultants expressed concern over the turmoil....
...Blackstone Group, Starwood Capital, the Canadian pension fund manager Caisse de dépôt et placement du Québec and Singapore’s sovereign wealth fund GIC are among the biggest borrowers on GSE commercial loans...
...Similarly, Growthdeck, a Scottish-based start-up platform, is combining with Glasgow-based Squareknot, which provides loans and equity deals. Both have pledged to vet companies thoroughly....
...“Lenders are making these loans oftentimes as a loss leader to get other business from the companies, whether it’s M&A business, bond business or some kind of advisory business,” says Stuart Miller, a former...
...eliminated the need to challenge the precedent of FTC v Staples....
...investment in Ally – together with the broader auto rescue – helped protect the economy by avoiding a catastrophic and disorderly collapse of the American auto industry,” said Treasury Under Secretary Mary Miller...
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