Hints and tips:
...“They need to find some solution to get their capital structures amended and extended. They’ll possibly need common equity or a more bespoke piece that a firm such as HPS can offer.”...
...The solution? Get a private equity fund to finance your bid. That is the route Nasdaq-listed Viavi has chosen to go down....
...We are always keen to work constructively with customers who get into difficulty with their repayments to reach an amicable solution.”...
...It’s not a solution, but this isn’t about ending the Treasury basis trade altogether....
...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....
...An asset swap in the form of a minority stake in ESPN could be another solution. In any tug of war, there can only be one winner. The same applies in the fight for Hulu....
...Banks now compete with a specialised group of private NAV lenders like 17 Capital and Whitehorse Liquidity Solutions, in addition to new entrants to the marketplace like private lenders Apollo Global, Ares...
...“But as time goes by, some of them will find a solution and keep their assets and some of them will have to give up their assets.”...
...Blackstone, meanwhile, invests on behalf of insurers such as Corebridge through its insurance solutions division....
...The chief of Ocado’s technology solutions division Luke Jensen will step down in September and be replaced by non-executive director John Martin....
...KKR’s $3.5bn investment will be wiped out along with around $1bn of bondholder debt....
...It’s a fudge, not an ideal solution, but it would save the banks from taking outright losses on their deposits and save the authorities from doing another outright depositor bailout....
...If the European Space Agency cannot afford to be bold in how it finances its ambitions, it’s time for it to be bold in how it engages with creating credible alternative solutions....
...JPMorgan Chase led financing packages for Silver Lake’s $12.5bn takeover of software company Qualtrics and Apollo’s $8.1bn purchase of Univar Solutions....
...Jill Dauchy is founder and CEO of Potomac Group LLC, a Washington DC-based financial advisory firm for sovereign governments and public sector borrowers, as well as a podcast host....
...The solution? A new hub in Málaga which Citi hopes will boost morale in a more cost-effective way....
...Jefferies has hired Thomas Blackmore as head of FIG debt capital markets for Europe, the Middle East and Africa....
...The $16.5bn deal, which includes the assumption of about $3.3bn in debt, marks the first buyout of 2022 worth more than $10bn, following a year in which a record $1.1tn in private equity takeovers was struck...
...Only when the debt and interest on these loans have been paid off can the government start to receive dividends....
...(Patrick Temple-West) Charts of the day Global sustainable debt issuance exceeded $680bn in the first half of 2021, already closing in on the $700bn total issued in all of 2020, according to the Institute...
...The company has net debt of about £60m....
...While Caillaux praised Greensill’s “fully integrated technology and funding solutions”, the group actually used little of its own tech to track the corporate bills it was financing....
...“This can’t be the permanent solution,” said Mr Mukherjee....
...equity group founded by US billionaire Robert Smith has agreed to sell a 50 per cent stake in a UK software company whose clients include British Gas, Virgin Atlantic and the NHS, for about £2bn including debt...
...GFG’s eventual default on about $5bn of debt hastened Greensill’s demise this month....
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