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...CAA top executives including co-chair Bryan Lourd could sell a 5 per cent stake in the deal, reducing their holding in the business to about a third, according to documents shared to potential lenders....
...Competition among direct lenders has already led the deal to become oversubscribed....
...Google parent Alphabet, which is laying off 12,000 people, said it expected to incur severance costs ranging from $1.9bn to $2.3bn, with most of the impact in the current quarter....
...However, Amex is the only other of these that is both a lender as well as network....
...More recently, the Miami-based firm was hit by allegations of fraud from Leadenhall Capital Partners, one of its lenders. 777 “vehemently refutes” the allegations.As the football season draws to a close,...
...By her calculations, direct lenders were charging roughly 2.5 percentage points more than banks. A year ago, that figure was a full percentage point lower....
...Hedge fund manager Greg Coffey in talks to acquire EM boutique Emso (FT) Mike Ashley’s game of spoof over legal bill ‘quite serious’, says Morgan Stanley banker (FT) Microsoft, OpenAI and Nvidia back $2.6bn...
...Private equity conflict Private equity firms are increasingly providing debt financing to companies they own, making them both owner and lender to businesses in their portfolios....
...Jane Street estimated fourth quarter Ebitda in the $2.2 billion to $2.7 billion range, which would put the full-year figure around $7.1 billion to $7.6 billion, less than the year prior....
...About 2,250 people attended the Saturday evening party at a cruise terminal, said organiser Yuga Labs, one of the pioneers in this market....
...The purchase would act as a counterweight to Saudi Arabia’s STC Group, which DD readers may recall is pursuing a stake of almost 10 per cent worth €2.1bn in the Madrid-based provider....
...Nash told the court that Yellow had appraised its assets at $2.1bn and that there had been multiple inquiries from interested buyers....
...That allowed it to reduce the interest rate on its $2.7bn loan by 0.5 percentage points....
...Elliott’s fight ended in a $2.4bn settlement in 2016, but Argentina is in even worse shape now, ahead of elections in October....
...A $504mn writedown on home improvement lender GreenSky in the second quarter, which it bought in 2021 for $2.2bn but is already in the process of selling, has added to the pain....
...That has escalated this month, with Byju’s refusing to make a $40mn payment and counter-suing lenders....
...this year, KKR decided even with all the brain damage — its creditors include the likes of Angelo Gordon, Centerbridge, Pimco and Strategic Value Partners — it was time to hand over the keys to senior lenders...
...Smart reads Hindsight hurts Former Bank of America executive Craig Coben examines how Goldman Sachs fumbled SVB’s $2.25bn equity sale in an Alphaville post....
...One thing to start: Shareholders in British healthcare start-up Babylon are set to be wiped out as the company’s main lender is poised to take control of the business....
...In March, Suzi, who had been looking for her first home, found one she liked in north London on the market for £325,000....
...Ken Griffin’s Citadel posted a return of 38.2 per cent last year, a large gain made even more remarkable by the amount of assets — currently $54bn — that the firm manages....
...The Swiss lender has been drifting chaotically in the wake of the Greensill and Archegos scandals. Its shares trade at 0.2 times tangible book value, an 80 per cent discount to sometime comparator UBS....
...It prefers to grow, with more than $500bn of assets under management, by becoming a lender and purchaser of credit....
...BlockFi 2 November 2022:https://twitter.com/BlockFi/status/1587829219622588417 28 November 2022:https://twitter.com/BlockFi/status/1597253469374910466 SALT Lending 6 September 2022: Bnk To The Future...
...“It’s on the operating table and the heart isn’t beating but the doctor hasn’t called time of death,” one lender said....
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