Hints and tips:
...Last year, Warburg Pincus appointed dealmaker Jeffrey Perlman as its president, replacing former Treasury secretary Timothy Geithner....
...About a fifth of the loans in the BCRED CLO can be rated triple-C or below by Moody’s, far higher than the 7.5 per cent threshold for broadly syndicated CLOs....
...“The People’s Republic of China represents the most critical threat [among cyber risks],” General Timothy Haugh, head of US cyber command, told the Vanderbilt event....
...Just $3bn of risky triple-C rated US bonds and loans have been issued into the broad market this year, down 78 per cent from last year, according to data from PitchBook LCD and Refinitiv....
...Companies with double B or B plus debt ratings have received solid demand, while lower-rated single B and triple C rated companies have been forced to go to private credit lenders for financing....
Activity subsided in second quarter amid investors’ concern over banking turmoil
...Many CLOs have also already hit their limits on the number they can buy of triple C loans — one of the lowest credit ratings the major agencies can assign....
...that surfed the decade and a half of low interest rates, using plentiful and cheap debt to snap up one company after another and become the new titans of the financial sector, write Antoine Gara, Eric Platt...
...The company’s triple C plus credit rating is one of the lowest assigned by the big rating agencies, with analysts at S&P Global warning its upcoming debt maturities “present significant refinancing risk”...
...Since it is a 501(c) (4), No Labels is not required to disclose its donors....
...With my colleagues Oliver Ralph and Eric Platt, I put this question to Warren Buffett, Berkshire’s chair, in an interview five years ago....
...Snyder, now 53, is the Richard C Levin professor of history at Yale....
...Timothy Arcuri, of UBS, on Intel October 2020 call....
...“I got a C, D and E at A-level, and managed to become an astronaut. There’s always a way.” He joined the army, was fascinated by flying and trained as a helicopter pilot....
...Adam Abbas, the co-head of fixed income at Harris Associates, said markets were “effectively” closed for triple-C rated companies looking to raise debt, raising the spectre of “a natural default cycle”....
...The painting was sold in 2013 on behalf of the US collector Linda Hickox by the since disgraced British art dealer, Timothy Sammons; it fetched $4.85mn, with Simon C Dickinson gallery acting as agent to...
Lenders line up to provide financing after volatility spurs profit gains for US equities trading house
...Stylist’s assistant, Timothy Brooks...
...Additional reporting by Eric Platt in New York...
...Stylist’s assistant, Timothy Brooks. Production, Naomi Elliot at Seven Six...
...“No longer is the large deal just the provenance of the banks,” Kipp deVeer, head of credit at Ares, told DD’s Eric Platt....
...Rival credit agency Fitch downgraded Ukraine two notches to triple-C from single-B on Friday, signalling the severe stress the country is under as it battles to retain control of Kyiv....
...That has opened the door for some companies, including financial technology company SS&C Technologies, to tap investors for capital after postponing planned borrowings earlier this year....
...This month, banks led by RBC Capital Markets pulled a $1.7bn loan deal to fund SS&C Technologies’ takeover of software company Blue Prism after facing weak demand, one person familiar with the matter said...
...C (soft landing): equities and corporate credit. D (growthflation): commodities. Several of our picks overlapped with those of Matthew Klein at The Overshoot....
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