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...Last month UBS agreed to sell an additional $8bn of loans to Atlas SP as part of a renegotiation of the deal that also scrapped an associated investment management arrangement....
...Canary Wharf still has to tackle a November maturity on £564mn in loans tied to 1-5 Bank Street, an office tower home to SocGen and EBRD....
...The Wharf’s large office towers have fallen out of favour with some tenants since the Covid-19 pandemic. However, other big tenants have stayed put....
...Discover would have been more difficult to get through regulators than the tie-up Discover ultimately struck with Capital One last month, because JPMorgan is already the biggest US credit card lender by loans...
...Space at Finsbury Avenue — which includes two towers of 21 and 36 stories — has been in demand....
...But while the cancellation marks an admission of that failure, it comes with no attempt at reform. Progressives own the ivory tower, and 2024 should see a conservative assault on it....
..., for defaulting on a $235mn mezzanine loan....
...The world’s largest buyout groups, whose ascent in the fund management industry was underpinned by the use of junk-rated loans, are placing low risk lending at the heart of their growth plans....
...UBS has agreed to sell $8bn worth of loans to private capital group Apollo as part of a renegotiated deal to hive off a Credit Suisse business that securitised loans for assets such as yachts....
...Bank of America, Barclays, Citigroup, Jump Trading, JPMorgan Chase, Morgan Stanley, Tower Research Capital and Wells Fargo are also investing in FMX....
...All the while, the tower was starved of investment. Burton Resnick, another developer, bought it in 1989 for $77mn, and — with a $50mn loan from Citicorp — began renovations. But it was a disaster....
...The formation of CLOs [collateralised loan obligations, the main buyer of leveraged loans] started coming back in November, December and January....
...Its $400mn convertible looks relatively cheap, yielding 4 to 4.5 per cent for a duration of 7.5 years. Viavi might have had to pay perhaps 8 per cent for a loan of similar size and duration....
...Roughly $10bn of so-called private credit loans have been refinanced in public markets, as borrowers pay down burdensome loans in favour of a cheaper alternative, according to data from Bank of America....
...Here’s a telling Barclays chart from a great post Alex wrote last week on the ∾ cough ∾ curiously divergent marking of some BDC loans....
...The Treasury did not specify the terms of this particular loan....
...While it has a credit card loan book of $137bn, it also has issued a significant volume of auto and commercial loans....
...Last week, it announced it had made a new loan to executive networking company World 50 and while filings show it was already a lender to the company, a person close to Barings described it as a “net new...
...Affordability varies between states, too: Louisiana, Mississippi and Oklahoma all had credit-card-debt-to-median-income ratios of more than 10 per cent compared with the least stretched states of New Hampshire...
...The $500mn in funding earmarked for an SSAB commercial-scale steel plant using hydrogen in Mississippi is one of 33 deals by a new agency set up under the Department of Energy, as part of the Biden administration...
...Details of the loan have not previously been reported....
...Amer said in its filing that it intended to use the proceeds of any transaction to pay off outstanding shareholder loans....
...Banks could be at risk too; lower rates would pinch net interest margins, already at record lows, without doing much to curb the pipeline of bad property loans....
...The trouble is, Croker has a cash-flow problem, having blown a fortune on a skyscraper that looms over the city, the symbolism as hard to miss as the tower itself....
...the loan....
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