Hints and tips:
...Here goes: if Asda bears no previous debt, and Walmart keeps a 40 per cent stake, TDR could buy 30 per cent, leaving the Issa brothers to find £1bn each — possibly using their EG shares as collateral....
...Big Wall Street banks are no longer large holders of leveraged loans, and are also less active as loan “agents”, the administrator for paper who sometimes act as mediator or traffic cop....
..., The Chase Manhattan Bank, as syndication agent, The Bank of Nova Scotia and Bank of America National Trust and Savings Association, as documentation agents, and the other lenders which are parties thereto...
...Under a tri-party repo agreement, a third party, such as a clearing house or bank, sits between two counterparties as an agent, although it does not take on risk of the transaction....
...The contents of those pages can be the reason why he and his team turn down deals – rather than being put off by a borrower’s bank statement or the collateral, which, for Guggenheim, is always the private...
...Indictments against financial institutions are rarely sought because of the broader collateral damage....
...Lehman has sued JPMorgan, its primary clearing agent, for collateral seized just before its bankruptcy....
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