The Motley Fool

JULY 24, 2024

In addition, we discuss non-GAAP financial measures, including core funds from operations, or core FFO; adjusted funds from operations, or AFFO; and net debt to recurring EBITDA. times net debt to recurring EBITDA, providing us with unparalleled optionality as we continue to execute on our pipeline. During the quarter, we sold over 3.2

Debt 130

Debt Capital Assets Asset Management 130

The Motley Fool

OCTOBER 17, 2024

We have one of the largest, if not the largest, businesses in direct lending, CLOs, real estate debt and private investment grade credit. We will soon complete fundraising for a number of our flagship vehicles, including corporate private equity, private equity, energy transition, European real estate and real estate debt.

Debt 130

Debt Management Fees Capital Assets 130

The Motley Fool

OCTOBER 23, 2024

In addition, we discuss non-GAAP financial measures, including core funds from operations or core FFO, adjusted funds from operations or AFFO, and net debt to recurring EBITDA. times pro forma net debt to recurring EBITDA. Proforma for the settlement of our outstanding forward equity, net debt to recurring EBITDA was approximately 3.6

Capital 130

Capital Debt Leveraging Assets 130

The Motley Fool

FEBRUARY 15, 2024

The weighted average debt service coverage ratio of the at-risk portfolio remains over two times, the underwritten loan to value was just over 60%, and only $3.4 As it relates specifically to the maturing loans, the weighted average debt service coverage ratio of those loans is also over two times and only 12% are floating rate loans.

Debt 100

Debt Finance Financing Banks 100

The Motley Fool

FEBRUARY 8, 2024

billion in debt was at fixed rates and our net funded debt to annualized adjusted normalized EBITDA was 4.96 And one other question about the debt investments, though, $167 million, and we are discussing the makeup between the loan and acquisition volumes. As of year end, 99% of our $5.1 So, let me try to address them all.

Investors 130

Investors Assets Banks Capital 130

The Motley Fool

JULY 26, 2023

Our $518 million development pipeline will generate meaningful NOI as it delivers and stabilizes and our balance sheet is strong with ample liquidity to fund the remainder of our development spending and all debt maturities until 2026. 1 bullet in terms of either paying down debt or funding development, etc.? That's really helpful.

Prospects 130

Prospects Debt Law Firms Banks 130

The Motley Fool

MAY 9, 2024

Our goal continues to be to deliver operating cash flow conversion of 50% to 60% over a multiyear period, which we expect to achieve for full year 2024. As of March 31, we had a cash balance of $587 million, total debt of $4 billion, and net debt of $3.4 Our weighted average cost of debt was 4.5%

Bidding 130

Bidding Capital Banks Legal 130

The Motley Fool

MAY 3, 2024

billion in debt was at fixed rates. And our net funded debt to annualized adjusted normalized EBITDA was 5.03 We don't really toggle a dollar amount to that number of deals, but it's substantial. And quite frankly, there's just a lot of deals flowing in at the moment so I would say very active. Turning to guidance.

Investors 130

Investors Assets Capital Portfolios 130

The Motley Fool

NOVEMBER 7, 2024

We will continue to invite a balanced and disciplined approach to returning cash to shareholders through both debt repayment and share repurchase. Net debt to adjusted EBITDA improved to 2.3 Consistent with what we shared last quarter, we plan to address our $161 million of 2025 convertible notes with available cash and cash flow.

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) Leveraging Accounting Debt 130

The Motley Fool

AUGUST 8, 2023

Our buyers are doing a fantastic job partnering with suppliers, and we are seeing healthy deal flow across categories. million due to the impact of higher interest rates on our variable cost debt, partially offset by a reduction in average borrowings outstanding versus the prior year. and gross profit increased 16.9%

Deal Flow 100

Deal Flow Banks Education Debt 100

The Motley Fool

AUGUST 29, 2024

Additionally, in order to give us more runway for the initiatives we've been pursuing, we decided to extend the maturity of our debt to August 2028. The number of joint deals in our pipeline being worked between us and CDW partners has increased from zero to over 60 deals over just the last two quarters.

Leveraging 130

Leveraging Debt Finance Deal Flow 130

The Motley Fool

JANUARY 12, 2024

Underwriting fees were up significantly compared to a weak prior-year quarter with debt up 21% and equity up 30%. But having said that, I think we're seeing a bit of pickup in deal flow, and I would expect the environment to be a bit more supportive. IB fees were also up 13% year on year, and we ended the year ranked No.

Banks 130

Banks Capital Assets Investment Banks 130

The Motley Fool

AUGUST 27, 2024

Importantly, Citi Trends remains in a healthy financial position, with strong liquidity and no debt, allowing us to execute the foundational work necessary for future growth and profit acceleration. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability.

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) Shareholders Consulting Consultants 130

The Motley Fool

OCTOBER 11, 2024

The long-term connectors and our relationships span many years as holders of company debt and equity. We've grown our own broader private market private debt business organically and inorganically in recent years. We have a nontraded credit BDC B debt, which are combined to be over $1 billion today. We are not transactional.

Assets 130

Assets Leveraging Mergers and Acquisitions Capital 130

The Motley Fool

DECEMBER 5, 2023

This will also help public and corporate leaders to better assess cyber risks and liabilities, so they can develop effective strategies and mitigate potential impacts. We expect Q4 free cash flow margin to improve sequentially based on the seasonality of cash collections and payments and our operating margin outlook.

Mergers and Acquisitions 130

Mergers and Acquisitions Liabilities Banks Capital 130

The Motley Fool

APRIL 12, 2024

The rebound in Banking gained speed during the quarter, led by near-record levels of investment-grade debt issuance as improved market conditions enables issuers to pull forward activity. And our investment bank and commercial bank are going to be closely coordinated to harvest the deal flow around the world.

Banks 130

Banks Assets Mergers and Acquisitions Investment Banks 130

The Motley Fool

FEBRUARY 27, 2024

We continue to experience healthy deal flow, which helped offset the margin impact of our system integration, which we estimate was approximately 130 basis points in the quarter. Total debt was $292.7 million of operating cash flow, and we invested $175.6 Gross profit increased 6.3% million, representing a 30.2%

Banks 130

Banks Capital Finance Financing 130

The Motley Fool

SEPTEMBER 4, 2024

Our partner network continues to generate opportunities and open new deal flow. Total allowance for bad debt remains de minimis at less than $400,000, and we do not have concerns regarding collections. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability.

Professional Services 130

Professional Services Enterprise Values Assets Leveraging 130

The Motley Fool

NOVEMBER 5, 2024

Deal flow is very strong, and we believe that we are still the best partner in the industry. million, driven by higher average principal debt to enable share repurchases and other cash outlays to support the continued growth of the business after the acquisition of United Grocery Outlet earlier this year. Total debt was $429.3

Taxes 130

Taxes Accounting Consulting Consultants 130

The Motley Fool

JULY 27, 2023

While we did see some likely event driven issuance in the second quarter ahead of the debt ceiling events in the United States, we're also seeing more economists, including our own, expecting only one or two more rate hikes from major central banks over the remainder of 2023. There's not a lot of deal flow. Your line is open.

Securities and Exchange Commission (SEC) 100

Securities and Exchange Commission (SEC) Banks Debt Capital 100

The Motley Fool

FEBRUARY 9, 2024

In the last two years, AUM has increased by over 75%, and the over $50 billion we've added in equity and fee eligible debt over that period represents over 80% of our starting fee paying AUM. We intend to launch a strategy focused on triple net lease in Europe, driven by deal flow we already see today. per quarter.

Capital 130

Capital Stakes Securities and Exchange Commission (SEC) Management Fees 130

The Motley Fool

NOVEMBER 9, 2023

of the fair value of the debt portfolio, with just three names on nonaccrual unchanged from last quarter. billion, outstanding debt of $7.1 I do think deal flow activity will pick up, and that will generate some repayment income that we haven't had for a while. Net asset value per share increased to $15.40, up $0.14

Capital 100

Capital Private Equity Firms Private Equity Firms Leveraging 100

The Motley Fool

AUGUST 2, 2023

We also agreed to acquire 200 units of newly built town homes from a company called Dream Finders with equity capital from Rithm and debt provided by Genesis Capital. As we look forward, deal flow is significant. In July, we announced the acquisition of Sculptor asset management, which is a $34 billion asset manager.

Capital 100

Capital Asset Management Assets Shareholders 100

The Motley Fool

AUGUST 6, 2024

Total debt was $379.2 I know you guys had mentioned a tough compare in August, but can you just speak to the quality magnitude of deal flow that you're seeing right now, how you're expecting that to trend and just how we should be thinking about compares there? Adjusted net income was $25.1 million for the quarter or $0.25

Accounting 130

Accounting Returns Leveraging Taxes 130

The Motley Fool

NOVEMBER 7, 2023

Healthy deal flow and a favorable buying environment drove margin expansion and more than offset inventory inefficiencies related to our system transition, which we estimate to have impacted gross margin by approximately 50 basis points. Gross debt was $296.3 million of operating cash flow and invested $42.7

Banks 100

Banks Debt Leveraging Capital 100

The Motley Fool

FEBRUARY 8, 2024

Pretax free cash flow on a trailing 12-month basis was 30% of revenue and up 43% year over year. Finally, we ended the third quarter with a robust balance sheet, including $783 million of cash and zero debt. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability.

Taxes 100

Taxes Leveraging Capital Banks 100

The Motley Fool

NOVEMBER 7, 2023

The increased spending is primarily reflective of additional sales compensation costs from higher volume, higher benefit costs, and some additional bad debt expenses. Our net cash defined as total cash, cash equivalents, and marketable securities less debt was $335.2 Shifting to cash flow. million and free cash flow was $28.9

Mergers and Acquisitions 100

Mergers and Acquisitions Securities and Exchange Commission (SEC) Capital Amortization 100

The Motley Fool

APRIL 18, 2024

The firm itself could not be in a stronger position with minimal net debt and no insurance liabilities, allowing us to distribute $4.7 Borrowing spreads have tightened significantly and the availability of debt capital has increased significantly. The market backdrop has become more supportive. and 17% for the LTM period.

Assets 130

Assets Debt Banks Capital 130

The Big Picture

JULY 2, 2024

So in the early years we only had 10 million of assets, but we had billions of dollars of deal flow. So it’s debt in possession financing, accounts receivable, and then litigation finance. . ’cause the returns are less than the initial investment. Of existing companies. 00:35:50 [Speaker Changed] Huh. Fair statement.

Legal 59

Legal Hedge Funds Finance Financing 59

The Big Picture

SEPTEMBER 26, 2023

So, when I was in graduate school, I thought about all the different types of investing or advisory work I could do, and I, you know, really triangulated on distressed debt being the most interesting part of the, of the markets where I could participate in PWA Capital. Ritholtz ] 00:03:30 Yeah, Sandberg is a fascinating guy.

Private Equity Firms 52

Private Equity Firms Private Equity Firms Debt Banks 52

The Motley Fool

FEBRUARY 15, 2024

We generated $142 million of free cash flow on $109 million of GAAP earnings, a 22% increase versus last year. Cash flow conversion, the percent of income that was converted into operating cash flow, was well above 100% for the quarter. Debt remains low, and debt-to-EBITDA is well below one time on a gross and net level.

Leveraging 130

Leveraging Taxes Capital Banks 130

The Motley Fool

JULY 31, 2023

Now, turning to our balance sheet and cash flow, Alliance had another strong quarter of cash generation with $153.5 million of free cash flow before growth investments in the 2023 quarter, an increase of 88.7% times, respectively, total debt to trailing 12 months adjusted EBITDA. I know you took down some debt recently.

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) Capital Debt Deal Flow 130

Pension Pulse

MAY 14, 2024

CLO equity — a small slice of the resurgent market for CLOs that bundle leveraged loans into bonds with varying safety ratings — is actually a form of deeply subordinated debt. As deal flow increases, “we’ll get to a more natural balance and you won’t have lenders having to do silly things,” he said.

Pension Funds 59

Pension Funds Collateral Funds Hedge Funds 59

The Big Picture

JUNE 13, 2023

” We learned leverage finance, we learned real estate debt, we knew high yield, we knew opportunistic investment and we’re like, it’s never too late, it’s never too early and we decided to go with a huge $4 million AUM that we had gathered from friends and family. You were effectively into the real stuff.

Banks 59

Banks Asset Management Assets Capital 59

Pension Pulse

APRIL 25, 2024

Big buyers of the senior tranche — typically more than 60 per cent of the instrument’s structure — had backed off for a while, given their ability to lock in rich yields from more vanilla debt instruments. As deal flow increases, “we’ll get to a more natural balance and you won’t have lenders having to do silly things,” he said. “One

Leveraged Buyouts 59

Leveraged Buyouts Buyout Pension Funds Mergers and Acquisitions 59

The Motley Fool

FEBRUARY 20, 2024

In addition, we own 100% of our GMP manufacturing facility, and AbCellera does not have any debt. No, I think it's just there's no sort of predictable seasonality with the BD deal flow. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability.

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) Assets Legal Capital 130

Pension Pulse

AUGUST 15, 2023

As a defined benefit pension with liabilities that stretch decades into the future, Ontario Teachers’ remains focused on delivering consistent investment returns over the long term. 2 Includes term debt, bond repurchase agreements, implied funding from derivatives, unsecured funding, and liquidity reserves. since inception in 1990.

Pension Funds 52

Pension Funds Assets Liabilities Stakes 52