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...While the loose terms of Altice’s bonds and loans give the company broad latitude to sell assets without repaying debt at face value, some bondholders believe that the company can still be persuaded to take...
...“No one wants to put in a new money [loan],” said one lawyer involved in the case. Additional reporting by Antoine Gara...
...And they’re willing to be aggressive to make sure they do.”...
...“People are feeling fine, but they’re not quite as aggressive as [you would expect] they would be when you read the economic statistics,” BofA chief executive Brian Moynihan told analysts on the bank’s post-earnings...
...But once-sleepy DIP loans are becoming the way for savvy creditors — aided by aggressive lawyers and bankers — to clinch bankruptcy case victories for themselves on the day of filing, immediately neutralising...
...A person close to Esken accused Carlyle of aggressive tactics designed to secure the airport for a knockdown price....
...Perhaps relatedly, syndicated loan markets also became known for aggressive borrower gamesmanship in times when demand was high....
...Adam Pollock, a New York lawyer who worked at the attorney-general’s office, said the filing showed James had shied away from “taking an overly aggressive stance”, and the request for a new bond was “an...
...Moreover, many American debtors are paying fixed rates and won’t get hit by hikes until they need to refinance their loans....
...Or in Sweden, where SBB pursued an aggressive roll-up of health and education property. Both are selling assets fast to fix overstretched balance sheets....
...*Sadly, CR didn’t specify which loan this was. And borrowers (annoyingly) can be stingy about loan doc access....
...Rapid and aggressive monetary tightening has flipped that relationship on its head. Many companies gorged on leveraged loans. These often required floating rate exposure to Libor or SOFR benchmarks....
...It can be argued that some of the assumptions SoFi is using are aggressive, especially relative to the few other lenders using this method....
...Banks’ aggressive pricing was reportedly crucial; at a 350bp spread, they undercut the 525-550bp spread on offer from private credit....
...Even at hard-hit Aozora, US office loans make up less than a tenth of its total loan book....
...A hedge fund owning a New York law bond, for example, would not be able to obtain a court judgment exceeding the value the U.S. had accepted in exchange for its defaulted loans in a Paris Club negotiation...
...Debt markets rallied strongly at the end of last year, after the US Federal Reserve signalled that it had finished its campaign of aggressive interest rate rises and was expecting to make three quarter-point...
...Country Garden, which defaulted in October after it was previously seen as one of China’s safest developers, had a winding-up petition filed against it in Hong Kong in February over a $200mn loan....
...Many PC companies are mixing standard bank loans with CLOs, meaning a diversity of funding sources. On the other hand, PC CLOs do represent additional borrowing, and the terms can be more aggressive....
...“But Wall Street’s aggressive underwriting of commercial mortgage debt is going to make the situation a whole lot worse than it would have been.”...
...Separately, it paid a $25mn penalty to the CFPB related to private student loan servicing practices. “Capital One is a healthy, well-managed, well-capitalised bank....
...The raid, which one rival to Barings described as “aggressive” and a tactic they had never seen before, carries a risk that the loans Barings currently holds are refinanced by other lenders keen to take...
...“So many were in cash before because they needed to win the bidding wars and you couldn’t win with the loan contingency,” Sykes said. “So they would buy in cash and then get the loan afterwards.”...
...“The fund will want to see first if Milei’s aggressive austerity plan is socially and politically sustainable, which is so far unclear,” said Sebastian Menescaldi, EcoGo associate director....
...If you wanna get a sense of where the market’s at — is it hot, is it cold, are lending standards aggressive, are they conservative?...
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