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...Grant Thornton has not publicly disclosed how much New Mountain and its co-investors are paying for the 60 per cent stake, or how exactly the firm will distribute the proceeds of the investment and the new debt...
...Grant Thornton has not publicly disclosed how much New Mountain is paying for its stake, or how exactly the firm will distribute the proceeds of the investment and the new debt that it will also take on....
...Senior partners at the accounting firm BDO USA are in line for a big windfall after the arrangement of a $1.3bn debt deal with Apollo Global Management, according to people familiar with the situation....
...Liability management is a fancy catch-all term for strategies used by companies and their private equity sponsors to reduce or push out their debt maturities — typically hurting existing investors in the...
...The New York-based securitised products business packaged debts, such as mortgages and loans for yachts, before selling them on as securities....
...HOLD: Phoenix Group (PHNX) An indifferent set of results and an unfortunate private equity stake puts Phoenix insurance under pressure, writes Julian Hofmann....
...Warehouses have held up better than other large commercial property sectors, such as office and retail, as the market suffers a brutal downturn caused by rising debt costs....
...Gramercy loaded up on developer debt in 2022 and sold out at a significant profit early last year....
...With an overall gross debt balance of more than $7bn, the company will need to make continued progress....
...But in nominal terms, if a company had, say, $1bn of debt and $400mn in ebitda in 2021, coming out of this inflationary period their nominal dollars of debt is still the same, but their nominal dollars of...
...Instead of an annual management fee, the manager passes on all costs to their end investors....
...The bankruptcy proceedings have caused a splinter movement by some team owners, such as the Phoenix Suns’ Mat Ishbia, to move fixtures off of Diamond-owned networks and over to free-to-air channels....
...And it’s correct that supersized Treasury basis trades means that hedge funds are supersized buyers of US government debt at a sensitive time....
...That included loans associated with some marquee buyouts including Elliott Management’s takeover of technology business Citrix, Elon Musk’s purchase of social media company Twitter and Apollo’s acquisition...
...I also looked for red (or green) flags in debt ratios and historical growth rates....
...The scooter business said in December it would seek to raise Rs55bn ($661mn) in the IPO, with proceeds being used to build a battery factory in India, fund research and development, and pay off debts at...
...Stanley Gibbons’s debt had reportedly reached £20mn by the end of 2023, though the spokesman would not confirm....
...You can of course buy into simple tracker vehicles, but I have one very left field idea: Phoenix Digital Assets, formerly known as NFT Investments....
...S&P Global Ratings and Moody’s have declared its debt to be in default, while the company and its creditors have hired lawyers for a possible loan restructuring....
...In addition, it has borrowed $250mn this year from investment firm Davidson Kempner Capital Management, although two people with knowledge of the situation said under $100mn was disbursed before Byju’s defaulted...
...Siddiqui was previously an executive at Apollo Global Management as detailed in a 2019 FT Big Read....
...More than $9bn in legal claims have been filed, largely by debt investors who lost out when Credit Suisse debt was marked down to zero to make the rescue more palatable for UBS....
...“There’s clearly a hunger for new supply in high-yield,” said Andrzej Skiba, head of US fixed income at RBC Global Asset Management. Two sales this week signalled a shift....
...Origin’s board has recommended acceptance, with the deal giving the company an enterprise value of A$19.4bn, which includes $2.9bn of net debt....
...Apollo, which has around $617bn worth of assets under management, said it was “highly supportive” of TRG management’s current strategy to cut the company’s net debt to 1.5 times adjusted ebitda by the end...
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