A court ordered examiner’s report on the Caesars bankruptcy posited that potential damages related to the company’s spin-off of certain valuable assets ahead of the debt restructuring could be in the $3.6 billion to $5.1 billion range.
3 min read · 16 March 2016
Ironsides Partners has filed definitive proxy materials with the SEC requesting the election of new board members to the Fifth Street Senior Floating Rate Corp (FSFR) BDC and demanding that the investment manager be replaced.
2 min read · 15 March 2016
The transaction involving The Fresh Market will be financed by $800m of new senior secured notes and $525m of equity from Apollo and the rollover of the owners’ stake.
2 min read · 15 March 2016
GE Capital is selling its commercial lending and leasing business in India to AION Capital Partners and a team of former GE executives.
2 min read · 15 March 2016
Canada Pension Plan Investment Board and Kotak will pour $525m into Indian stressed debt. The investments will be under a separate flexible mandate from Kotak’s existing distressed asset investment unit, Phoenix ARC.
2 min read · 15 March 2016
Banks will hold around 71 percent of Huarong Energy’s outstanding shares after the debt-for-equity swap, according to a report by Macquarie.
2 min read · 14 March 2016
The BDC’s management also defended its decision to keep the current investment advisor intact, despite the underperforming vehicle being the subject of several takeover bids.
2 min read · 14 March 2016
The portfolio is mainly made up of residential real estate loans but also contains some commercial real estate debt.
2 min read · 10 March 2016
TPG Specialty Lending is selling at an offer price of $16.42 to pay back credit facilities and write new loans.
1 min read · 09 March 2016
Unitranche grew significantly in 2015 and non-bank lenders are making in-roads in an increasingly competitive market, a survey by AlixPartners shows.
2 min read · 09 March 2016
