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...Retirees are typically among the firms’ largest creditors but do not have a vote on the sale of the firm....
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...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....
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...He accused AARC of causing “damage” and weakening Ted Baker’s financial position. AARC could not be immediately contacted for comment....
..., held large amounts of the token on its balance sheet, raising concerns about its financial health....
...For that reason, it can often spark another situation with a slightly less fancy moniker: “creditor-on-creditor violence”....
...Neumann has held conversations with some of WeWork’s creditors, a group that includes King Street Capital, Brigade Capital and BlackRock, but it has been unclear if any are willing to go along with his plans...
...But overexpansion and a post-pandemic contraction in its market have left it desperate for cash to pay off creditors....
...The filing said EquitiesFirst was a creditor. Hours later, the lawyer filed to withdraw....
...HIG Capital has filed a complaint against fellow middle-market specialist Audax Group, which sold telecoms software company Mobileum to HIG for $915mn in early 2022....
...A US judge has dealt a blow to Apollo Global Management, Angelo Gordon and other big creditors in the bankruptcy of mattress maker Serta Simmons Bedding, in a ruling that could settle a fierce dispute on...
...Creditors seeking to claw back money from the Bengaluru-based group, which was once valued at $22bn, have alleged in Miami court filings that it transferred $533mn to an obscure Florida-based hedge fund...
...His decision cleared the way for a slim majority group of creditors to take control of the company and leave another group’s holdings close to worthless....
...LNT & Partners O: 6; L: 7; I: 6; Total: 19The law firm acted for Singapore-based financial technology company Atome Financial in its 10-year strategic partnership with banking group Standard Chartered to...
...A messy bankruptcy fight that Apollo’s aggressive private equity group waged this year at Serta Simmons had garnered outsized headlines even as the firm’s investment was less than $50mn This person added...
...A recent court decision threatens to escalate creditor-on-creditor violence in a normally sedate $1.4tn corner of the financial markets that is critical to funding big private equity deals and the operations...
...The simplest way to think about dropdowns and uptiers is as a way for companies to do some financial engineering that raises fresh cash by playing one group of creditors against another....
...And the bondholder group, led by Apollo, seemed ready to pounce, perhaps even forcing the company into a messy bankruptcy where creditors could take the keys....
...Apollo Global Management has shed its financial exposure to failed US trucking company Yellow, selling off a $500mn term loan and dropping plans to extend pricey financing to fund the freight group’s bankruptcy...
...The difference, lenders and investors noted, was that recent deals reflected new financial conditions, with growth and interest rates that few buyout groups were considering when signing deals between 2018...
...Evergrande has scrambled to reassure creditors in the wake of a series of defaults since its finances started to unravel last year....
...The question has been sparked by a recent court decision in the Texas bankruptcy case of mattress maker Serta Simmons, which threatens to escalate creditor-on-creditor fighting, DD’s Eric Platt and Sujeet...
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...A gambit to raise cash for US rival Carlyle Group’s latest buyout fund has come up short....
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