Hints and tips:
...“The declining cost of capital with rates coming down and spreads coming down for real estate borrowing is very helpful.”...
...Businesses within Gupta’s GFG Alliance have struggled to borrow money since the 2021 collapse of its main lender Greensill Capital, which had about $5bn of debt exposure to the group....
...Apollo’s $1.3bn private debt deal with accountancy BDO USA this month is the biggest. There have been equity purchases too....
...The companies through which the brothers own the planes, Clear Sky LP and Clear Sky 2 LP, owed EG Group $21mn as of December last year....
...In February 2019 Virgin Trains USA abruptly pulled plans for an initial public offering that it had hoped would attract new capital and value the service at $3bn....
...It follows other attempts at consolidation in the industry, most recently an $8.4bn hostile bid by Altice USA for Canadian telecoms company Cogeco, which was rebuffed by the latter’s controlling family two...
...Units in Mr Lee’s remit, which included corporate private equity and capital markets businesses, were seen as drivers of profits and growth, according to a person familiar with the matter....
...And now a fifth expect a “V-shaped” economic recovery, up from a 10th in the previous month....
...The president sued the companies — accounting firm Mazars USA and banks Deutsche Bank and Capital One — to stop them from complying with the subpoenas. What is Mr Trump arguing?...
...Our current FY21E estimates effectively assume flat admissions versus FY19 (which were 14% below FY18 in the USA)....
...Credit Suisse has named David Miller, a company veteran, to run its investment banking and capital markets business....
...… and high cash burn and capital commitments mean leverage has taken a permanent step up....
...Campari will be hard hit by COVID-19 due to high On Trade exposure, especially in core markets of Italy and the USA....
...Hedge fund Cyrus Capital Partners, which had sold protection on Sears’ debt via CDS, tried to limit the amount it would have to pay out after the retailer went bust....
...(v) Restructuring continues. Of course it does. But what about that Tesla, eh?...
...But after initially siding with Team USA, these countries, both those in the Five Eyes intelligence sharing network and others, are having second thoughts....
...Evergrande’s recent record capital raising could go to pay down higher-cost debts, especially renminbi-denominated notes. Let’s just hope the Chinese property market doesn’t cool off too quickly....
CFTC seeks timeframe for action on clean-up of credit default swaps market
...Reynolds, who joins from Morgan Stanley, is head of consultant relations while Davis, who was previously at Ultra Capital, is the principal of intermediary sales....
...(It’s worth noting that Lazard’s figures include fees generated from capital raising advising.)...
...Credit researchers are warning that an impending court decision in New York could open the floodgates for the tactic, which was used by the credit fund Aurelius Capital Management against the telecoms company...
...Mr Gueikian, a performer in several rock and heavy metal bands, founded Melody Capital Partners, an alternative asset manager with $1.5bn under management....
Regulator statement on CDS agreements follows legal clash over Hovnanian deal
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