Private Equity Wire

NOVEMBER 28, 2023

Wheeler and Yin have substantial experience advising international private credit funds and direct lenders, commercial and investment banks, private equity sponsors, and corporate borrowers on a variety of complex UK, European, and global cross-border debt financing matters, with a particular focus on private credit transactions.

Legal 75

Legal Liabilities Financing Finance 75

The Motley Fool

OCTOBER 10, 2024

billion of debt. And after all of that, we have a debt-to-total capital ratio of 7.6%, down from approximately 25% in 2020. debt-to-total capital ratio. But perhaps even more importantly, we have paid down approximately $4.9 And by year end, we will have distributed approximately $1.9 years from 1.5

Assets 246

Assets Capital Debt Shareholders 246

The Motley Fool

AUGUST 1, 2023

Total capital investments in the second quarter of 2023 were $784 million, which included $683 million for growth capital projects and 101 million of sustaining capital expenditures. We continue to expect sustaining capital expenditures for 2023 will be approximately $400 million. Turning to capitalization.

Securities and Exchange Commission (SEC) 246

Securities and Exchange Commission (SEC) Capital Leveraging Debt 246

The Motley Fool

NOVEMBER 7, 2024

We now carry an after-tax present value liability of $1.2 We are planning to incur this liability between now and 2038. Approximately half of this liability will be incurred between now and the end of 2030. Debt reduction is a continuing area of focus at APA. billion for all of our North Sea ARO. Please proceed.

Liabilities 130

Liabilities Taxes Prospects Assets 130

The Motley Fool

AUGUST 7, 2024

To provide an update on our continued efforts to pay down debt, reduce our leverage, enhance long-term value for our shareholders, and discuss our financial guidance and outlook for the second half of 2024 and the full year. In the immediate term, we will continue to focus on paying down debt and reducing our leverage.

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) Debt Legal Shareholders 130

The Motley Fool

FEBRUARY 23, 2024

While we continue to maintain strong credit ratings, a solid balance sheet, and long-term earnings growth outlook of 4% to 6%, our earnings guidance for 2024 reflects a combination of lag related to our capital investments and inflationary pressures that we are experiencing simultaneously. million due to higher debt balances.

Depreciation 130

Depreciation Amortization Debt Capital 130

The Motley Fool

MAY 6, 2024

As discussed on the year-end call in February, results in 2024 reflect a combination of regulatory lag related to our capital investments and inflationary pressures. Our gas utility is making necessary investments in safety, reliability, and technology at record levels. We reported net income of $1.69 Other income declined $3.8

Depreciation 130

Depreciation Amortization Debt Asset Management 130

The Motley Fool

MAY 30, 2024

Collectively, these actions reduced Canopy's debt by over $700 million in fiscal 2024, which brings our total debt reduction to over $1.1 Further, subsequent to the end of fiscal '24, we have also estimated or eliminated a $100 million short-term debt obligation and extended the maturity of a convertible note by five years.

Debt 130

Debt Legal Assets Depreciation 130

The Motley Fool

JULY 25, 2024

In line with our stated financial strategy after funding our dividend, Core continued to dedicate free cash to paying down debt. During the quarter, Core's net debt was reduced by $15.8 This reduction in our outstanding debt also decreased our leverage ratio to 1.66, down from 1.76 On to the liability side of the balance sheet.

Leveraging 130

Leveraging Debt Shareholders Taxes 130

The Motley Fool

MAY 3, 2024

During the first quarter, upstream capital investment of $568 million was below guidance due primarily to the deferral of some planned facility leasehold and exploration spend. Our priorities for debt reduction will be the three-year term loan we used to refinance the Callon debt and the revolver. oil production guidance.

Debt 130

Debt Mergers and Acquisitions Capital Assets 130

The Motley Fool

AUGUST 9, 2024

NAV is defined as total assets minus total liabilities and is also reported on a per-share basis. We are also excited about the follow-on investments we made to finance strategic acquisitions by two of our high-performing lower middle market portfolio companies.

Capital 130

Capital Asset Management Securities and Exchange Commission (SEC) Debt 130

The Motley Fool

JANUARY 24, 2024

With a year-end net debt to adjusted EBITDA ratio now below three times and the improved flexibility in 2024 to dedicate more cash to debt reduction, we are confident in our path to achieve the 2.5 For the quarter, capital expenditures were 4.6 billion, with capital investments of 5.6 of other headwinds.

Amortization 130

Amortization Financing Finance Capital 130

The Motley Fool

AUGUST 9, 2024

How much of that difference is related to taxes, transaction fees versus construction debt repayment? And that construction debt, is that debt that's currently off balance sheet or yet to be incurred on your development pipeline? You know, primarily, this is all going to debt repayment. Rupert Merer -- Analyst OK.

Debt 130

Debt Capital Assets Shareholders 130

The Motley Fool

MAY 3, 2024

The origination and servicing businesses we have built, with dramatic earnings growth and expansion cycles, and steady earnings and cash flow in down cycles, is what allows W&D to maintain our market presence and invest for the future in challenging markets. billion of transaction volume was driven by strong debt brokerage volume of $3.3

Debt 130

Debt Banks Assets Capital 130

The Motley Fool

AUGUST 1, 2024

Both investments are subject to approval by CWEN's independent directors and are expected to be funded with existing sources of liquidity, such as retained CAFD generated over the next few years and excess debt capacity, which Sarah will discuss in more detail in the financial summary section. CAFD yield.

Taxes 130

Taxes Debt Shareholders Capital 130

The Motley Fool

OCTOBER 23, 2024

In addition to being the largest capital investor in the U.S. connectivity infrastructure since 2019 we continue to reduce our net debt and increase operating leverage due to a combination of higher EBITDA and strong free cash flow generation. Capital investment for the quarter was $5.5 Capital expenditures were $5.3

Financing 130

Financing Finance Debt Leveraging 130

The Motley Fool

AUGUST 7, 2024

We also maintained our balance sheet strength through a large cash balance and no debt on our cannabis business, which provides us with maximum flexibility. And finally, we held about $182 million in cash on our balance sheet and had no cannabis debt. million in nonrecourse debt. Net cash provided by operating activities was $8.9

Debt 130

Debt Capital Finance Financing 130

The Motley Fool

FEBRUARY 12, 2025

All of this momentum is backed by a solid balance sheet, characterized by low net debt and significant liquidity. Additionally, the Cosmopolitan of Las Vegas was transitioned to MGM Rewards, and these regular capital investments into our resort operations drive continued guest visitation and increased spend.

Taxes 130

Taxes Leveraging Capital Assets 130

The Motley Fool

AUGUST 4, 2023

billion of cash after tax, which we will use to reduce debt. The sale represents an attractive exit from what has been an excellent investment for our shareholders. from the elimination of nonregulated solar investment tax credits. Is there any kind of major capital investments you may be facing there?

Capital 130

Capital Shareholders Capital Investments Taxes 130

The Motley Fool

JANUARY 30, 2024

And then, just a quick follow-up, just, Ursula, on the debt balance sheet. Is that mostly aircraft debt? But back to your question, Mike, the increase in debt was driven by the financing of aircraft throughout 2023. So, that's really what's driving the uptick in the debt metrics year over year. Thanks for that answer.

Mergers and Acquisitions 246

Mergers and Acquisitions Banks Finance Financing 246

The Motley Fool

MARCH 21, 2024

The restructuring of Skymint and Parallel result in simplified capital structures, the elimination of certain material liabilities, and improved competitive positioning. The company financial health is strong supported by 766 million in unrestricted cash, marketable securities, and investments, leading to a net book value of 1.2

Mergers and Acquisitions 130

Mergers and Acquisitions Shareholders Liabilities Capital 130

The Motley Fool

FEBRUARY 14, 2024

Some of that capital allocation will have timing components to it with increasing flexibility and optionality over time. That would include the obvious return to shareholder options and debt reduction, as well as acquisition or internal investment options. Capital expenditure for the year was 3.1%

Taxes 130

Taxes Capital Debt Legal 130

The Motley Fool

OCTOBER 30, 2024

Beyond 2027, we will target maintaining a lower payout ratio of 70% to 80% in order to retain incremental CAFD, while also prioritizing our other capital allocation target. This combined with further portfolio improvements could enable us to reach the upper end of our targeted 2027 CAFD per share range. that we have set today.

Assets 130

Assets Capital Leveraging Debt 130

The Motley Fool

APRIL 26, 2024

The increase was driven by a higher cost of funds as lower interest rate debt matured and was replaced with current market rate debt. Last, I will touch on a couple of additional items in terms of capital investments and capital allocation. These increased costs were partially offset by higher interest income.

Financing 246

Financing Finance Capital Leveraging 246

The Motley Fool

APRIL 30, 2024

Total capital investments in the first quarter were $1.1 billion, which included $875 million for growth capital projects and $180 million of sustaining capex. We expect growth capital expenditures for 2024 and 2025 to be in the range of $3.25 Our total debt principal outstanding was approximately $29.7

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) Debt Banks Assets 130

The Motley Fool

JANUARY 30, 2024

Add to that higher-than-anticipated product liability and warranty spend and our EBITDA margins came in below our expectations as well as below 2022. These issues, coupled with elevated operational costs I mentioned earlier, as well as the impact of product liability claims, drove lower-than-expected margins. We repurchased 1.6

Liabilities 130

Liabilities Financing Finance Capital 130

The Motley Fool

MARCH 14, 2024

million shares of stock and improve our balance sheet with a homebuilding debt to total capital ratio of under 10%. While we know we have accumulated a sizable $5 billion of cash on our book, we are crafting our strategy for appropriate capital allocation. Our balance sheet is situated today with a 9.6% years from 1.9

Debt 147

Debt Capital Banks Leveraging 147

The Motley Fool

JUNE 6, 2024

Today, we consider ourselves to be in a strong financial position having recently reduced our net debt position, rightsized the balance sheet through our ongoing strategic shift toward an asset-lighter business model, and increased our cash flow projections from Harvest at Limoneira. Long-term debt as of April 30, 2024, was $59.5

Debt 100

Debt Capital Shareholders Assets 100

The Motley Fool

NOVEMBER 5, 2024

This quarter, capital expenditures, investments, and acquisitions were $922 million, including $210 million for MPLX's acquisition of an additional 20% interest in the BANGL pipeline. MPC utilized cash to repay $750 million of debt due in the quarter, which we plan to refinance. billion of debt. MPC returned $2.7

Assets 130

Assets Capital Debt Financing 130

The Motley Fool

JUNE 18, 2024

million shares of stock, and additionally, to repay over $550 million of senior debt as we continue to improve our balance sheet with a homebuilding debt-to-total capital ratio of just 7.7%. debt-to-capital ratio -- homebuilding debt-to-capital ratio with $3.6 While we continue to hold a sizable $3.6

Debt 130

Debt Assets Capital Shareholders 130

The Motley Fool

NOVEMBER 12, 2024

In 2024, we've been focused on executing on our capital investment plan, regulatory dockets, and growth opportunities with great success. As you may remember, 2024 is an investment year for us that is setting the stage for future growth. David Hugo Anderson -- Chief Executive Officer Thanks, Nikki, and good morning, everyone.

Depreciation 130

Depreciation Taxes Capital Finance 130

The Motley Fool

AUGUST 2, 2024

While we continue to maintain strong credit ratings, a solid balance sheet and an unchanged long-term earnings growth outlook, our earnings guidance for 2024 reflects a combination of lag related to our capital investments and inflationary pressures that we are experiencing simultaneously. Other income declined $4.2

Depreciation 130

Depreciation Amortization Capital Accounting 130

The Motley Fool

JANUARY 30, 2024

As we execute in 2024, we remain committed to share repurchases as a key component of our capital allocation priorities. MPC's stand-alone 2024 capital investment plan, excluding MPLX, totals $1.25 Underpinning our commitment to safety and environmental performance, sustaining capital is approximately 35% of capital spend.

Shareholders 130

Shareholders Capital Debt Assets 130

The Motley Fool

APRIL 24, 2024

This brings me to our final priority, which is our deliberate and balanced approach to capital allocation. As we indicated would happen, our capital investment levels have come down over the years as we move past the peak of our 5G rollout. Our strong free cash flow has also enabled us to pay down debt. billion versus $6.7

Financing 130

Financing Finance Banks Debt 130

The Motley Fool

OCTOBER 31, 2023

billion in net after-tax proceeds, which we anticipate will be used for debt reduction. We successfully reached a broad agreement with creditors that hold over $7 billion of the outstanding debt of the company and its subsidiaries. We expect to close the sale of our EMEA business to Colt tomorrow, November 1, earlier than planned.

Debt 130

Debt Taxes Banks Leveraging 130

The Motley Fool

JULY 26, 2023

Over the past three years, we've reduced our net debt by about $20 billion. We also recently transferred $8 billion of pension liabilities through the purchase of insurance annuities. times range for net debt to adjusted EBITDA in the first half of 2025. Since July 2020, our capital investment has totaled about $65 billion.

Debt 100

Debt Capital Finance Financing 100

The Motley Fool

MAY 9, 2024

But to affirm what we outlined in our last November call and since, if we were to contract the balance of our open position at the same average pricing secured under these recent contracts, that could enable CWEN CAFD per share growth at the low end of 5% to 8% into 2027 without a need for additional capital investment.

Assets 130

Assets Capital Shareholders Debt 130