The Motley Fool

NOVEMBER 6, 2024

On the debt initiative, we are targeting a $2 billion reduction in long-term debt as part of that aspect of our plan. The overall deal is long-term accretive to FFO per share. We will be able to refinance high-cost debt at Washington Square and aggressively pursue redevelopment plans for Los Cerritos. Regarding holiday.

Debt 130

Debt Assets Portfolios Leveraging 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 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

Debt 130

Debt Capital Leveraging Assets 130

Pension Pulse

DECEMBER 16, 2024

This approach not only enhances long-term risk-adjusted returns, but also allows for diversification and access to deal flow that is not otherwise available through indexing to public markets. This model works best for funds whose pension liabilities are indexed to inflation. The successes of this model are hard to overstate.

Pension Funds 59

Pension Funds Funds Liabilities Assets 59

The Motley Fool

JANUARY 12, 2024

With a strong common culture of serving clients with excellence, together, we will deliver for our clients a holistic global infrastructure manager across equity, debt, and solutions. BlackRock has developed a broad network of global corporate relationships through many years of long-term investments in both debt and equity.

Assets 130

Assets Shareholders Asset Management Capital 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

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

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

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

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 Financing 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 Banking 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 Consultants Consulting 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 Mutual Funds 130

The Motley Fool

APRIL 12, 2024

In March, we issued $3 billion of debt to fund a portion of the cash consideration for our planned acquisition of GIP. We currently have invested the proceeds of the offering at substantially the same rate as the cost of borrowing, effectively eliminating incremental cost of carrying additional debt prior to the close of the GIP transaction.

Performance Fees 130

Performance Fees Assets Shareholders Leveraging 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

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

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

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 Mergers and Acquisitions Assets Investment Banking 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

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 Consultants Consulting 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

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

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

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 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

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 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. Our conversion rate of deals approved by our investment committee to letters of intent signed is the highest in over two years at approximately 38%.

Debt 130

Debt Leveraging Capital Finance 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 Assets Capital 130

The Motley Fool

AUGUST 3, 2023

Q2 debt brokerage volume of $3.3 The banking sector had a full-on crisis in Q2 with the failure of SVB, Signature, and First Republic, dropping capital flows to commercial real estate dramatically. As shown on Slide 11, as of December 31, 2022, the weighted average debt service coverage ratio was 2.32

Asset Management 100

Asset Management Finance Financing Debt 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 Motley Fool

FEBRUARY 21, 2025

times debt to EBITDA. We were born with a very unnatural balance sheet for a REIT, short tenor, secured debt, second-lien debt, a $1.6 In connection with the Eldorado-Caesars merger, we retired the CMBS debt. billion, which we have unsecured debt of 14.1 There was one straggler at that time, Moody's.

Assets 130

Assets Mergers and Acquisitions Capital Debt 130