GenesisCare lenders sell $US400m of debt, trades in mid-teens
It’s understood at least one party has offloaded its exposure to the debt stack for “mid teens or around 15¢.”
Source: afr.com
John Nestel News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Stay updated with breaking news from John Nestel. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Top News In John Nestel Today - Breaking & Trending Today
PE swoops on Slater & Gordon, turnaround play coming
Australian private equity firm Allegro Funds is homing in on a deal to acquire listed law firm and former market darling Slater & Gordon for about $150 million.
Source: afr.com
Arrium 'could not avoid its day of reckoning with lenders'
Arrium âcould not avoid its day of reckoning with lendersâ Save Share The former board of Arrium was warned it would be difficult to get its lenders to agree to forgive as much as half the money owed to them, which would make a proposal to restructure its debt tough to get over the line, the lawyer for the collapsed steelmakerâs liquidator says. Lenders were first made aware of a proposed capital restructure from GSO Capital, a subsidiary of private equity firm Blackstone, on February 22, 2016. The proposal was agreed by the Arrium board and would require lenders to agree to a ...
Source: afr.com