According to a Reuters report dated August 19, 2024 authored by Manya Saini and Niket Nishant, regional lenders are cutting more deals to shore up their balance sheets and compete with rivals, extending a wave of consolidation in the sector that may...
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August 22, 2024, 07:58 AM
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Reuters reported that Goldman Sachs Asset Management's alternative investments platform said on Wednesday its latest fund had raised more than $20 billion for senior direct lending.According the Reuters report, the fund named West Street Loan...
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May 30, 2024, 08:00 AM
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Reuters reported apparel retailer rue21 filed for Chapter 11 bankruptcy protection for a third time and is seeking to shut down its 540 stores and sell its intellectual property. Read the full Reuters news story here.
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May 06, 2024, 07:58 AM
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Reuters reported that a U.S. bankruptcy judge on Wednesday approved Party City Holdco's Chapter 11 bankruptcy plan, which will cancel about $1 billion in company debt and turn all of its equity value over to the retailer's lenders.Read the full...
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September 08, 2023, 07:57 AM
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Reuters reported that First Citizens BancShares, which acquired Silicon Valley Bank, is suing HSBC Holdings PLC accusing it of poaching more than 40 employees in order to launch its own U.S. venture banking business. In the lawsuit, First Citizens...
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May 23, 2023, 07:30 AM
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Reuters reported Bed Bath & Beyond said on Thursday it had received a notice of default on its loan from JPMorgan Chase Bank, triggering a 22% slump in its shares.The company said in a regulatory filing it does not have sufficient resources to repay...
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January 27, 2023, 08:00 AM
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Reuters reported that BNP Paribas is working with advisers to assess a sale of its U.S. arm Bank of the West as it seeks to retreat from the American retail banking market after struggling to compete with larger and better capitalized rivals, three...
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November 16, 2021, 08:05 AM
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Reuters reported AMC Entertainment Holdings approved millions in bonuses to its top executives and eligible employees as a means to preserve stockholder value during the COVID-19 pandemic, according the theater operator. The company staved off...
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March 01, 2021, 08:05 AM
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The new Democrat controlled House of Representatives is unlikely to impact the surge in new bank lending that many attribute to the pro-business administration of President Donald Trump, according to analysts interviewed by Reuters.
The newly split...
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November 12, 2018, 08:02 AM
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The announcement of nearly $28 billion in new U.S. M&A transactions on a single day this week—including Monday's proposed $11.1 billion merger of GE’s transportation business with rail equipment maker Wabtec—helped push global deal volume above $2...
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May 25, 2018, 08:01 AM
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Investors are increasingly throwing their weight in the second-lien loan market as yields on first-lien term loans have contracted to their lowest level in more than a decade, Reuters reports. According to a report published on April 13, second-lien...
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April 17, 2017, 07:17 AM
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Reuters reports American Apparel LLC filed for its second bankruptcy protection in just over a year on Monday, weighed down by intense competitive pressures facing U.S. teen retailers and a rocky relationship with its founder.The Reuters article...
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November 14, 2016, 08:01 AM
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Reuters Loan Pricing Corporation reports business development companies (BDCs), which extended share price gains this summer after a prolonged slump, still face hurdles that prime the specialized closed end investment funds for consolidation...
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September 19, 2016, 08:05 AM
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A Reuters article notes higher company valuations and lenders wary of risky investments are pushing private equity firms to increase the size of equity contributions, or checks, for leveraged buyouts near historic highs in the face of fierce...
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August 29, 2016, 08:02 AM
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Reuters reported that Chefs' Warehouse this month cut its earnings forecast by about 20% just weeks after it obtained millions of dollars in financing, drawing the ire of some lenders.The Reuters article noted the distributor of specialty food...
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August 22, 2016, 07:58 AM
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Reuters reports that bankrupt teen retailer Aeropostale filed a motion against its lender, private equity firm Sycamore Partners, in bankruptcy court late on Friday, accusing it of plotting a "loan to own” scheme to push the chain into...
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July 25, 2016, 07:54 AM
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Lending to U.S. mid-sized companies is poised to increase in the second half of 2016 as lenders report a growing pipeline of M&A deals and expectations for a push ahead of the U.S. election, market participants told Thomson Reuters LPC.After two...
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July 06, 2016, 07:53 AM
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Institutional demand for private credit is propelling capital formation in the U.S. middle market, as a flurry of newly created direct lending platforms enter the mix and existing alternative debt capital providers continue to raise money and add...
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May 20, 2016, 08:01 AM
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Reuters reports that cash-strapped energy firms are coming under increasing pressure from U.S. bank lenders and, on average, could see a 15 percent to 20 percent cut in their credit lines. The Reuters article references comments the head of JP...
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February 24, 2016, 07:49 AM
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Reuters reported that Toronto-Dominion Bank has begun laying off staff in Canada and the United States as part of a company-wide initiative to cut costs, according to two sources familiar with the matter.According to the Reuters report, TD, Canada’s...
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October 19, 2015, 08:06 AM
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In an exclusive report, Reuters reported Capital One Financial is in exclusive talks to acquire General Electric Co's U.S. healthcare finance unit, in a deal likely to top $10 billion, according to people familiar with the matter.According to the...
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August 07, 2015, 07:52 AM
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Reuters reported General Electric Co.'s GE Capital unit for now will remain designated as "systemically important" - a tag that carries greater regulatory scrutiny. Reuters cited an announcement made by a U.S. regulatory panel.The Financial Stability...
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August 03, 2015, 07:25 AM
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Reuters reports that Salus Capital LLC filed an adversary complaint on Wed Mar. 18 in RadioShack Corp's Chapter 11 bankruptcy that seeks to hold credit bidding in the electronic retailer's upcoming auction to $111 million.The Reuters report notes...
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March 19, 2015, 07:49 AM
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Reuters reports Noble Group Ltd is now seeking an increased size of $3 billion to refinance debt coming due in May, even as it remains embroiled in a controversy over an obscure research firm's allegations of employing improper accounting rules.The...
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March 09, 2015, 07:18 AM
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A Reuters article reports the global head of GE Capital Markets, Stewart Koenigsberg, has announced his retirement and is expected to leave the company later this year. The Reuters article also notes a GE Capital spokesperson has confirmed this...
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February 11, 2015, 07:07 AM
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Hedge fund Standard General LP is in talks to serve as the lead bidder at a bankruptcy auction for RadioShack Corp, the struggling consumer electronics retailer, the Wall Street Journal and Reuters reported on Feb. 1, citing people familiar with the...
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February 02, 2015, 07:41 AM
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A Reuters article notes Salus Capital Partners has offered to provide $500 million to RadioShack Corp in a kind of debtor-in-possession loan used by companies to fund operations in bankruptcy. The article is based on a recent Wall Street Journal...
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January 13, 2015, 07:14 AM
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A major RadioShack Corp. lender is attempting to buy a bigger part of the electronic retailer's debt in exchange for backing the company's store-closing plan, Bloomberg reported, citing people familiar with the matter.Salus Capital Partners LLC is...
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October 31, 2014, 07:36 AM
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A Reuters news story reports cash-strapped electronics retailer RadioShack Corp has reached an agreement with a consortium led by its largest shareholder Standard General LP to refinance about $590 million of loans to re-stock ahead of the holiday...
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October 03, 2014, 07:29 AM
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Reuters reports that Atlantic City's troubled Revel Casino Hotel on Jun. 19 filed its second bankruptcy in just over a year and said it is hunting for a buyer.The casino, which had gone through Chapter 11 bankruptcy in March 2013, warned employees...
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June 20, 2014, 07:11 AM
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Reuters reports that a lender call was scheduled to market an alternative $1.9 billion second-lien debtor-in-possession (DIP) financing for Energy Future Intermediate Holdings (EFIH), a subsidiary that owns the regulated business for bankrupt power...
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May 30, 2014, 07:23 AM
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Philippines-based fruit juice manufacturer Del Monte Pacific Limited released details on a $1.28 billion credit backing its $1.675 billion acquisition of the Del Monte Foods consumer food business, sources told Thomson Reuters LPC.
Reuters reported...
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November 08, 2013, 07:29 AM
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Wireless broadband communications company LightSquared is splitting its proposed $3 billion senior secured exit term loan into a $2 billion first-lien loan and $1 billion second-lien tranche, sources told Thomson Reuters LPC. The loan originally...
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July 08, 2013, 07:27 AM
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Reuters reports Judge Shelley Chapman said at a hearing in U.S. Bankruptcy Court in New York on Jun. 6, that LightSquared can hire investment bank Jefferies LLC to arrange credit facilities to pave the way for it to exit Chapter 11.
LightSquared LP...
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June 07, 2013, 07:52 AM
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Reuters reports unsecured creditors of General Motors Co are appealing a defeat in a $1.5 billion fight with the company's lenders that shows the potentially drastic implications of a paperwork error.
Through an appeal lodged on March 7 in U.S....
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March 08, 2013, 07:59 AM
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Reuters reported that borrowing by small U.S. businesses rose marginally in December, reporting a small gain for the entire year.
According to the report, the Thomson Reuters/PayNet Small Business Lending Index, which measures the overall volume of...
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February 04, 2013, 07:52 AM
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