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PizzaExpress shareholders back £20m equity injection in refinancing to support growth

Private Equity Insights

The transaction will reduce the companys total debt to 280m and extend the maturity of its senior secured notes from July 2026 to September 2029. The recapitalisation arrives 18 months after Wheel Topco considered an acquisition of Wagamama owner Restaurant Group but ultimately opted not to pursue a bid due to market conditions.

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Does Carvana's Debt Deal Set Shareholders Up for Losses?

The Motley Fool

But a debt restructuring deal has offered some relief and could even put Carvana on a path to positive free cash flow. Nonetheless, the deal, which eliminates most of its near-term debt obligations, appears to be financed mainly on the backs of shareholders. Under the deal, bondholders are trading debt due in 2025 or 2027.

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Vista Equity delays $6bn Finastra refinancing as market volatility curbs loan appetite

Private Equity Insights

The decision comes as leveraged loan markets experience renewed pressure, with investors reducing exposure to riskier debt instruments. March registered the largest drop in average US leveraged loan bids since October 2023, according to Morningstar data. Bankers raised the interest spread on the senior loan to 4.5 Can`t stop reading?

Bidding 147
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SC Capital eyes $5bn Global Switch acquisition as investor appetite for data infrastructure grows

Private Equity Insights

The business has been intermittently up for sale since 2022, when shareholders expressed interest in exploring a full or partial exit. A previous attempt to sell the company to EQT in 2023 collapsed, despite final bids reportedly valuing the firm at around $8bn including debt.

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Update: Cinven seals €3.5bn exit from Viridium in landmark Allianz-led deal

Private Equity Insights

The transaction values Viridium at 3.5bn, including debt. T&D Holdings will become the largest shareholder, while Allianz will acquire a 25% stake. The deal marks a significant exit for the British buyout firm following heightened regulatory scrutiny of private equity ownership in the insurance sector.

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Amid Q2 Earnings, Verizon Stock Needs to Do This 1 Thing to Get Back on Track

The Motley Fool

Unfortunately, the race to keep up with AT&T and T-Mobile left Verizon with a total debt of $149 billion, and the company has made very little progress in reducing that burden. Addressing the debt problem Unfortunately, that cost hamstrings Verizon with its $149 billion in debt. Verizon paid $3.3

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Blackstone Is Said to Seek A$5.5 Billion Loan for AirTrunk Bid

Private Equity Insights

billion) to back its bid for Australian data center operator AirTrunk, people familiar with the matter said. AirTrunk shareholders have been seeking around A$20 billion in the sale, people with knowledge of the matter have said. billion of junior debt that private credit funds are in talks to provide, Bloomberg News reported earlier.

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