Debt portability provides a lifeline for M&A
JD Supra: Mergers
AUGUST 29, 2024
By: White & Case LLP
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JD Supra: Mergers
AUGUST 29, 2024
By: White & Case LLP
JD Supra: Mergers
OCTOBER 14, 2024
From large cap syndicated deals to mid-market private credit, whether in loans or in bonds, the ability for borrowers to incur material incremental debt is commonplace. However, when you look beyond the headline ratios and baskets, it becomes clear that the devil – and the true amount of debt capacity – is in the details.
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JD Supra: Mergers
NOVEMBER 18, 2024
Get up to speed with Ramy Shweiky and Mark Seneca on: Negotiable terms when establishing a purchase price How your purchase price is adjusted at closing Examples of debt-like items. By: Orrick, Herrington & Sutcliffe LLP
JD Supra: Mergers
NOVEMBER 1, 2024
Rising costs of debt and fluctuating availability have compelled PE firms to reassess their financing strategies. In recent years, the landscape of mergers and acquisitions (M&A) financing in private equity (PE) has experienced significant changes. By: Bennett Jones LLP
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JD Supra: Mergers
MAY 21, 2024
Debt finance plays a key role in all parts of the capital structure for private investment funds and their investors.
H. Friedman Search
AUGUST 15, 2024
Debt Issuance No More… appeared first on H. Harlan is a thirty-year veteran Public Finance Banker turned recruiter who specializes in the placement of all levels Public Finance Bankers, Healthcare Bankers, Municipal Advisors, Compliance Officers, Issuers, and Bond Counsels. The post The Factor Establishing Hiring Trends? Friedman Search.
The New York Times: Banking
MAY 12, 2024
The Justice companies have long had a reputation for not paying their debts. But that may be catching up to them.
JD Supra: Mergers
MAY 24, 2023
Like most other enterprises that raise and spend capital, the federal government finances its spending in part through the issuance of debt.
JD Supra: Mergers
NOVEMBER 5, 2024
In the ever-evolving world of corporate finance, one trend that has been gaining significant momentum is the increased issuance of convertible debt by Chinese issuers. Over the past few months, Chinese technology companies including JD.com, Lenovo, Alibaba and Trip.com have collectively issued convertible bonds totalling US$10.5
JD Supra: Mergers
SEPTEMBER 19, 2023
We are seeing - Continued availability of growth capital for specialty lenders—SME lenders attract the most capital in the previous 12 months - VC debt cheques (e.g., Quilam Capital's debt investment in Merchant Money and Fasanara Capital's debt investment in Novicap). By: White & Case LLP
JD Supra: Mergers
JUNE 21, 2024
Primary investment grade bond issuance surged in Q1 2024 as investors ramped up exposure to high-quality borrowers in a high interest rate environment. In the US, investment grade corporate borrowers secured US$429.7 billion of financing in Q1 2024; the highest level of quarterly issuance since Q2 2020, according to S&P Global.
TechCrunch: M&A
OCTOBER 5, 2023
billion to acquire SP Plus, a provider of parking facility management services, in a combination of equity and debt. AI-powered parking platform Metropolis today announced that it raised $1.7
Global Banking & Finance
OCTOBER 16, 2023
Italy unveils tax-cutting 2024 budget amid debt worries By Giuseppe Fonte and Gavin Jones ROME (Reuters) -Italy’s government on Monday approved a budget for next year with measures worth around 24 billion euros ($25.3 billion) in tax cuts and increased spending, despite market concerns over the country’s strained public finances.
Deal Lawyers
JANUARY 11, 2024
Since 2018, John has addressed the debt default activism phenomenon on this blog and discussed related considerations, including contractual provisions designed to thwart default activists. Here’s an excerpt: In last year’s memo, we […]
Global Banking & Finance
SEPTEMBER 27, 2023
Sizes of European government debt trades halve in 2023-ICMA By Yoruk Bahceli (Reuters) – Investors are having to put on much smaller trades more frequently in Europe’s government bond markets this year, trade body ICMA said on Wednesday, against a backdrop of declining liquidity as markets adjust to sharply tighter monetary policy.
CNBC: Investing
OCTOBER 19, 2023
Stocks that have low debt and a track record of strong cash flow are best able to withstand a wave of higher interest rates.
Mergers and Inquisitions
SEPTEMBER 13, 2023
Ask anyone interested in distressed debt hedge funds for “the pitch,” and they’ll probably mention one of the following: “It’s like long/short equity or credit , but more interesting!” Distressed debt investing offers advantages over other hedge fund strategies , but the marketing often oversells the benefits.
The New York Times: Banking
AUGUST 27, 2024
Crushing obligations to foreign creditors that have few precedents have sapped numerous African nations of growth and stoked social instability.
CNBC: Investing
OCTOBER 5, 2023
Elevated interest rates that stay high will disproportionately hurt companies with above-average debt loads, like these 17 that turned up in a CNBC screen.
CNBC: Investing
OCTOBER 4, 2023
Oil companies are increasing the debt at a time when shareholders expect rich dividends and robust stock buyback programs.
The New York Times: Banking
DECEMBER 20, 2023
Buying mattresses, clothes and other goods on installment plans has propped up spending, but economists worry that such loans could put some people at risk.
Global Newswire by Notified: M&A
OCTOBER 28, 2024
Array acquired Payitoff, a pioneer in private-label, embedded debt guidance solutions for financial institutions, fintechs and brands.
The New York Times: Banking
OCTOBER 8, 2023
Instead of receiving funds to address the climate crisis, Africa is borrowing money at a cost up to eight times higher than the rich world to rebuild.
TechCrunch: M&A
SEPTEMBER 7, 2023
As companies look to stave off technical debt, a process of aging systems limiting a company’s ability to modernize, the first step is simply understanding the state of your architecture. SAP announced today that it is acquiring German startup LeanIX, a software service which helps companies map out their architecture.
The New York Times: Banking
SEPTEMBER 18, 2023
The government of Ghana is essentially bankrupt, and has turned to the International Monetary Fund for its 17th financial rescue since 1957.
TechCrunch: M&A
OCTOBER 10, 2023
Arctic Wolf, a cybersecurity company that’s raised hundreds of millions of dollars in debt and equity, today announced that it plans to acquire Revelstoke, a company developing a security orchestration, automation and response (SOAR) platform, for an undisclosed amount.
JD Supra: Mergers
OCTOBER 11, 2024
Macroeconomic uncertainty has impacted Indonesian debt markets in recent years. But, after a period of disruption, prospects for domestic and offshore debt issuances are brightening. By: White & Case LLP
Global Banking & Finance
NOVEMBER 16, 2024
(Reuters) – Intrum, Europe’s biggest debt collector, on Friday said it had filed for Chapter 11 bankruptcy in the United States in a bid to restructure its debt.
JD Supra: Mergers
JUNE 26, 2024
The challenges facing financial sponsors in the past couple of years have been widely discussed. Their funds have amassed over $1 trillion in dry powder that they are competing to deploy in a weak exit market. By: Skadden, Arps, Slate, Meagher & Flom LLP
The Guardian: Mergers & Acquisitions
SEPTEMBER 5, 2024
Online fashion retailer’s sale of 75% stake to Jack & Jones owner could bring store back to the high street Business live – latest updates Asos has sold a majority stake in Topshop for £135m in a deal that will help it repay debts and could see the brand return to the high street, as fashion retailers struggle after a soggy summer.
The New York Times: Banking
DECEMBER 16, 2023
Economists offer alternatives to financial safeguards created when the U.S. was the pre-eminent superpower and climate change wasn’t on the agenda.
CNBC: Investing
SEPTEMBER 15, 2023
Amid mounting concerns over rising interest rates and inflation levels Bridgewater Associates’ founder Ray Dalio said he prefers cash over bonds.
Cisco: M&A
APRIL 22, 2024
I often get brought into meetings when a customer starts talking “DevOps”. We’ll discuss everything from infrastructure-as-code, automation, and continuous integration, to network as a service (NaaS… Read more on Cisco Blogs
Global Banking & Finance
NOVEMBER 26, 2024
million) debt which a London court found was unlikely to be paid. LONDON (Reuters) – ArcelorMittal won a bid on Tuesday to put a subsidiary of Liberty Steel, owned by commodities tycoon Sanjeev Gupta, into administration due to a 140 million euro ($147.4
JD Supra: Mergers
MARCH 27, 2024
Higher interest rates presented a challenging environment for dealmakers and the debt markets in 2023. In this edition of Credit Conditions, we look back at last year’s key market trends and explore their potential impact on debt markets in the coming year. But what does 2024 have in store? By: McDermott Will & Emery
The New York Times: Banking
AUGUST 23, 2024
More borrowers have been falling behind on their credit card bills and are paying more for basic banking services, like A.T.M.
JD Supra: Mergers
JUNE 3, 2024
For companies, this makes funding growth initiatives and refinancing existing debt much more expensive. As central banks continue their campaign to cool inflation, interest rates remain at elevated levels not seen in well over a decade. By: White & Case LLP
CNBC: Investing
AUGUST 15, 2024
Cooperman believes the widening U.S. fiscal deficit could become a crisis down the road.
JD Supra: Mergers
MARCH 12, 2024
Traditional debt financing was expensive and scarce, expectations on valuations were tricky to navigate, portfolio companies required additional attention, fundraising was not easy and regulators continued to scale up their scrutiny of the industry and its transactions.
JD Supra: Mergers
FEBRUARY 6, 2025
European loan and bond issuance nearly doubled year-on-year. Refinancing and repricing drove activity, as issuers. By: White & Case LLP
JD Supra: Mergers
JULY 15, 2024
Welcome to this edition of Credit Conditions, a quarterly publication from McDermott Will & Emery that analyzes recent debt market trends. Key Debt Market Trends - Interest Rates - “Start your engines” has shifted to “hold your horses” as rates continue to remain “higher for longer.”
JD Supra: Mergers
JANUARY 18, 2024
14,801/2024 creates infrastructure debentures, changes rules for incentivized debentures and investment funds in the sector, including tax guidelines, and promotes incentives for raising funds through the issuance of debt securities abroad (bonds). New Law No. By: Mayer Brown
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