Private Equity Wire

JUNE 12, 2024

Distressed debt levels at private equity-owned companies have surged amid persistent high interest rates, with the amount owed by portfolio companies of the world’s 50 largest PE firms up 18% since mid-March to $42.7bn, according to a report by Bloomberg citing rankings from Private Equity International. at the end of February.

Debt 104

Debt Companies Portfolios Buyout 104

The Motley Fool

NOVEMBER 8, 2024

Main Street Capital (NYSE: MAIN) Q3 2024 Earnings Call Nov 08, 2024 , 10:00 a.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Greetings, and welcome to the Main Street Capital third-quarter earnings conference call. Image source: The Motley Fool. You may begin.

Capital 130

Capital Asset Management Due Diligence Assets 130

The Motley Fool

JANUARY 22, 2024

Ares Capital Corporation (NASDAQ: ARCC) is an ultra-high-yielding dividend stock, with a yield of nearly 9.5%. Here's what you should know about Ares Capital and why it is a solid dividend stock to buy today. billion in net assets, Ares Capital Corporation is the largest publicly traded BDC in the U.S. With over $10.8

Capital 130

Capital Leveraging Debt Taxes 130

Private Equity Insights

SEPTEMBER 13, 2023

Mubadala Investment Company , Abu Dhabi’s sovereign investment arm, has formed a strategic partnership with New York-based alternative asset manager Blue Owl Capital as it seeks to co-invest in private credit opportunities amid a tightening monetary environment around the world. Source: The National News Can’t stop reading?

Capital 246

Capital Investing Private Equity Firms Private Equity Firms 246

The Motley Fool

OCTOBER 13, 2024

Shares of Capital One Financial (NYSE: COF) have lined investors' wallets with a fantastic 60% return during the past year. With the stock trading at a 52-week high, can the rally keep going, and should you buy Capital One shares before this key update? Here's what you need to know. despite high inflation and elevated interest rates.

Capital 130

Capital Banks Financial Services Leveraging 130

The Motley Fool

MARCH 18, 2024

Image source: Upsplash/The Motley Fool Capital One recently shocked the financial industry by announcing it has agreed to acquire Discover, combining two of the largest credit card–issuing banks into one company. There are a few reasons why this deal could be attractive for Capital One. After the merger, they'll only have one.

Capital 245

Capital Banks Financial Services Leveraging 245

The Motley Fool

OCTOBER 23, 2024

Many income investors may be drawn to Annaly Capital Management (NYSE: NLY) because of its eye-popping dividend, which at the current share price yields more than 13%. Like many real estate investment trusts (REITs), Annaly Capital struggled due to rising interest rates in the past few years. NLY data by YCharts.

Capital 130

Capital Assets Liabilities Leveraging 130

The Motley Fool

MAY 9, 2024

Dividend payers display a history of positive cash flows, good capital management, and steady growth, making them solid choices for investors. Ares Capital Corporation (9.34% yield) Ares Capital Corporation (NASDAQ: ARCC) provides financing to middle-market companies that have been neglected by big banks over the past several decades.

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Initial Public Offering Leveraging Banks Debt 246

Private Equity Insights

NOVEMBER 29, 2023

Bain Capital-backed Rocket Software, Inc. These tools enable organizations to leverage their core applications and offer flexibility for modernization, allowing them to run applications wherever they choose. The debt financing is expected to include incremental senior secured term loans and new senior secured notes.

Capital 130

Capital Leveraging Debt Financing 130

The Motley Fool

OCTOBER 24, 2024

Annaly Capital Management (NYSE: NLY) Q3 2024 Earnings Call Oct 24, 2024 , 9:00 a.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Good morning, and welcome to the third quarter 2024 earnings call for Annaly Capital Management. Economic leverage ticked down slightly to 5.7

Capital 130

Capital Leveraging Assets Collateral 130

The Motley Fool

APRIL 20, 2024

One type of business that income-focused investors might have come across is the business development company (BDC) , which invests in the debt and equity of middle-market companies. Let's look at two popular BDCs, Hercules Capital (NYSE: HTGC) and PennantPark Investment (NYSE: PNNT) , to see which is better for your portfolio.

Capital 130

Capital Initial Public Offering Debt Collateral 130

The Motley Fool

SEPTEMBER 30, 2024

dividend yield, Annaly Capital Management (NYSE: NLY) shouldn't be looked at as an income stock. What does Annaly Capital Management do? As noted, Annaly Capital Management is a REIT , a corporate structure that was designed to give small investors income generated from institutional-level real estate investment.

Capital 130

Capital Initial Public Offering Pension Funds Collateral 130

FinSMEs

JULY 18, 2024

New Frontier Funding, a San Diego, CA-based pioneer in leveraging generative AI to help small and medium-sized businesses (SMBs) find credit and debt funding, closed a round of growth capital from the Homsher Family Office. The amount of the deal was not disclosed.

Capital 110

Capital Funds Leveraging Debt 110

Private Equity Insights

MARCH 1, 2024

billion worth of credit card debt in the US to private equity firm Blackstone , to expand its lending capacity and reduce balance sheet risk. Barclays Bank Delaware (BBDE) has signed the agreement with insurance accounts managed by Blackstone’s asset-based finance group, to sell the credit card debt.

Debt 130

Debt Private Equity Firms Private Equity Firms Financial Institutions 130

The Motley Fool

OCTOBER 8, 2024

It repaid debt, which steadily drove down its leverage ratio. Today, Energy Transfer has a strong investment-grade balance sheet with a leverage ratio in the lower half of its 4.0-to-4.5x That improving leverage ratio has provided Energy Transfer with increased financial flexibility. times target range.

Investing 246

Investing Leveraging Earnings Before Interest Amortization 246

The Motley Fool

OCTOBER 19, 2024

Trust in superior capital allocation Capital allocation in the oil space can be difficult because a company's survival is often prioritized over shareholder profits. All this is to say that capital allocation is key when it comes to identifying profitable oil stocks. Today, oil prices are hovering around $70 per barrel.

Leveraging 246

Leveraging Shareholders Debt Capital 246

Private Equity Wire

SEPTEMBER 16, 2024

Private equity giant Apollo is making a push into the high-grade debt market, an area long controlled by traditional banks, steered by former UBS, Swiss Re, and the World Bank executive Jamshid Ehsani, who joined the firm in 2010, according to a report by the Financial Times.

Banks 92

Banks Debt Leveraged Buyouts Buyout 92

Private Equity Wire

JUNE 10, 2024

The report cites unnamed sources familiar with the matter as confirming that the financing will be used to refinance existing debt and fund an acquisition. While banks typically offer the lowest pricing, putting pressure on private credit lenders, direct lenders can compete by offering higher leverage. trillion private credit industry.

Financing 98

Financing Finance Debt Leveraging 98

The Motley Fool

AUGUST 9, 2024

Main Street Capital (NYSE: MAIN) Q2 2024 Earnings Call Aug 09, 2024 , 10:00 a.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Greetings and welcome to the Main Street Capital second quarter earnings conference call. Should you invest $1,000 in Main Street Capital right now?

Capital 130

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

Blackstone News

MAY 17, 2024

Reinforces CoreWeave’s market position as the AI hyperscaler Builds on CoreWeave’s significant momentum, evidenced by over $12 billion raised from equity and debt investors over the last 12 months Historic financing builds on the Company’s recently announced $1.1 billion debt financing facility led by Blackstone and Magnetar in August 2023.

Debt 135

Debt Financing Finance Startups 135

Private Equity Wire

JUNE 4, 2024

Global investment giant BlackRock has appointed Camille de Lamotte as Co-Head of Private Debt Origination in France and Head of Origination in Spain, with responsibility for sourcing and executing middle-market direct lending investment opportunities. Based in Paris, de Lamotte will work alongside Co-Head of France Guillaume Claire.

Debt 96

Debt Leveraging Financing Finance 96

The Motley Fool

OCTOBER 2, 2024

The company made the move to retain additional cash to reinvest in its business and reduce debt. However, with leverage finally coming down in the past year and a clear line of sight for more deleveraging in the future, AT&T's 5% yielding dividend is on a much firmer foundation. leverage ratio. billion over the past year.

Leveraging 130

Leveraging Debt Stakes Shareholders 130

The Motley Fool

MAY 10, 2024

Main Street Capital (NYSE: MAIN) Q1 2024 Earnings Call May 10, 2024 , 10:00 a.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Greetings, and welcome to the Main Street Capital first-quarter earnings conference call. Should you invest $1,000 in Main Street Capital right now?

Capital 130

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

The Motley Fool

SEPTEMBER 26, 2024

Thanks to its strategy of using long-term, fixed-rate debt and keeping its leverage ratio low, it has an investment-grade credit rating. leverage ratio, which was in the middle of its 4.5-to-5.0 It generates enough post-dividend free cash flow to fund a significant portion of its secured capital program. target range.

Leveraging 246

Leveraging Capital Prospects Debt 246

The Motley Fool

APRIL 25, 2024

Annaly Capital Management (NYSE: NLY) Q1 2024 Earnings Call Apr 25, 2024 , 9:00 a.m. And welcome to the first-quarter 2024 Annaly Capital Management earnings conference. Sean Kensil -- Director, Investor Relations Good morning, and welcome to the first-quarter 2024 earnings call for Annaly Capital Management.

Capital 130

Capital Leveraging Assets Financing 130

The Motley Fool

NOVEMBER 7, 2024

Meanwhile, it produced $786 million of free cash flow after funding capital expenditures. Devon used its free cash flow to return capital to shareholders and strengthen its balance sheet. Instead, it used its remaining excess free cash to strengthen its balance sheet, repaying a $472 million debt maturity. leverage ratio.

Debt 130

Debt Leveraging Shareholders Capital 130

Private Equity Wire

JULY 16, 2024

Private credit and secondaries investment firm Star Mountain Capital has promoted Curtis Glovier to Managing Director and Strategic Portfolio Officer, based between New York and Florida. Glovier was most recently a senior advisor at the firm, having joined in 2020, according to his LinkedIn profile.

Capital 95

Capital Private Equity Firms Private Equity Firms Consulting 95

Private Equity Wire

JUNE 25, 2024

Paul Singer’s hedge fund Elliott Investment Management has disrupted a $4bn debt restructuring at Veritas Holdings, a software business owned by global private investment firm Carlyle Group, according to a report by the Financial Times.

Hedge Funds 95

Hedge Funds Debt Funds Leveraging 95

The Motley Fool

MARCH 17, 2024

The industry's long-term issue comes down to its inability to generate a return on capital necessary to cover its cost of capital. But it's not bad news for debt providers because they have been rewarded for putting up capital, with their investment backed up by a relatively liquid asset, the airplanes themselves.

Debt 240

Debt Leveraging Earnings Before Interest Amortization 240

Private Equity Insights

DECEMBER 4, 2023

clean energy developer, today announced that it has raised a $1.2bn capital package to support the expansion of its large-scale renewable energy portfolio comprising utility-scale transmission and storage, onshore wind and solar generation, and offshore wind. energyRe, an independent U.S.

Capital Investments 130

Capital Investments Capital Investing Stakes 130

Private Equity Insights

FEBRUARY 2, 2024

and Deutsche Bank AG are also among the lenders considering a role in funding what would be the largest leveraged buyout of the year so far, according to the people, who asked not to be identified discussing the transaction. Read More: Private Credit Duels With Banks for $8 Billion DocuSign LBO Debt Shares in DocuSign fell as much as 4.7%

Buyout 195

Buyout Financing Finance Leveraged Buyouts 195

Private Equity Insights

DECEMBER 4, 2023

clean energy developer, today announced that it has raised a $1.2bn capital package to support the expansion of its large-scale renewable energy portfolio comprising utility-scale transmission and storage, onshore wind and solar generation, and offshore wind. energyRe, an independent U.S.

Capital 130

Capital Investing Leveraging Pension Funds 130

The Motley Fool

APRIL 29, 2024

As an operating business, we are able to use cash flows, as well as proceeds from equity and debt financing, to accumulate bitcoin, which serves as our primary treasury reserve asset. In addition, it also enables us to acquire bitcoin through the use of excess cash or proceeds from equity capital raises or corporate debt capital raises.

Leveraging 246

Leveraging Debt Assets Capital 246

The Motley Fool

OCTOBER 23, 2024

That covered the company's capital spending ($12 billion) and dividend outlay ($8.4 It used its excess free cash flow to continue strengthening its balance sheet by paying down debt. The company ended the third quarter with its leverage ratio down to 2.5, Its cash flow from operations totaled $26.5 an improvement from 2.6x

Leveraging 130

Leveraging Debt Returns Capital 130

Private Equity Wire

JULY 31, 2024

Oaktree Capital Management is also involved in providing part of the financing, while there is also a provision in the agreement allowing smaller lenders to take positions post-signing. The initial borrowings would position Vantive’s leverage at 4.2 times its pro-forma earnings.

Debt 98

Debt Bidding Buyout Financing 98

The Motley Fool

SEPTEMBER 28, 2024

Lower interest rates can spur capital investment, lower the unemployment rate, and help accelerate economic growth. It's a tall order, but ConocoPhillips has recently returned a ton of capital to shareholders. In 2024, ConocoPhillips is targeting full-year capital expenditures of $11.5 billion and operating costs of $9.2

Mergers and Acquisitions 130

Mergers and Acquisitions Leveraging Debt Shareholders 130

The Motley Fool

FEBRUARY 17, 2024

That included slashing its distribution in half a few years ago to retain additional cash for debt reduction. Long highlighted that the company made meaningful progress last year to continue shoring up its financial foundation by using excess cash to repay debt. times target range. It plans to invest $2.3 billion-$2.6 billion deal.

Leveraging 246

Leveraging Debt Capital Returns 246