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

MAY 9, 2024

The company operates as a business development corporation ( BDC ) and invests in debt or equity in mid-sized companies that banks overlook. BDCs tend to use leverage to help boost their payouts. While this leverage can help juice returns, it could also exacerbate losses during an economic downturn.

Initial Public Offering 246

Initial Public Offering Leveraging Banks Debt 246

Private Equity Wire

MARCH 27, 2024

Since 2018, European credit funds have fully or partially equitised at least 61 loans provided to companies backed by PE firms, according to ION Analytics’ Debtwire, which provides deal-making insights for leveraged capital markets professionals.

Debt 84

Debt Companies Funds Asset Management 84

Financial Times M&A

SEPTEMBER 28, 2023

Rating agency says looming ‘race to the bottom’ between banks and private debt funds could erode credit quality

Leveraging 127

Leveraging Debt Banks Funds 127

The Motley Fool

JANUARY 21, 2024

OXY Total Long-Term Debt (Quarterly) data by YCharts. The issue was really about its balance sheet , which was suddenly loaded with debt. While that's hardly an uncommon after-effect of a large acquisition, leverage can be both a powerful tool for good and a huge burden. But with a heavy debt load, Occidental needed cash fast.

Leveraging 246

Leveraging Debt Returns Investors 246

The Motley Fool

JULY 24, 2023

How debt restructuring sent shares of Carvana up 30%. Now, loans don't move as quickly as assets do, obviously because that's how leverage works, but I would suggest that there may be more pain than it is really hard to contemplate why there would be such a disparity between the two. The debt is more expensive. Bill Mann: Yes.

Debt 130

Debt Banks Financial Institutions Investment Banking 130

The Motley Fool

MAY 15, 2024

billion of debt. That put its leverage ratio at 12%, or 8.8% billion of debt and about $1.2 That exceeded the company's long-term target to get debt below $15 billion. That exceeded the company's long-term target to get debt below $15 billion. The company's debt will balloon once it closes its CrownRock deal.

Debt 246

Debt Enterprise Values Leveraging Portfolios 246

The Motley Fool

APRIL 12, 2024

This leaves both with plenty of cash flow to invest in their businesses, pay down debt, or even buy back stock. The other thing that can impact dividend payouts is debt and leverage. In order to sustain dividends, companies need to keep their leverage within a reasonable range. Its year-end leverage was 3 times.

Leveraging 130

Leveraging Debt Earnings Before Interest Amortization 130

Private Equity Wire

MARCH 18, 2024

Private equity firms including Advent International and Blackstone are approaching both banks and private lenders over debt packages of around €7.5bn ($8.16bn) to help finance a potential acquisition of Sanofi’s consumer health division, according to a report by Bloomberg.

Leveraged Buyouts 77

Leveraged Buyouts Debt Banks Private Equity Firms 77

Private Equity Wire

FEBRUARY 2, 2024

Global law firm White & Case is expanding its global debt finance practice and has appointed Lauren Winter, who has joined from Shearman & Sterling where she was Counsel, as a Partner in London. White & Case has dedicated bank lending, private credit & direct lending and borrower finance teams.

Debt 70

Debt Financing Finance Leveraged Buyouts 70

The Motley Fool

SEPTEMBER 16, 2023

It would give the telecom giant the cash to fund its dividend and get back on track with de-leveraging its balance sheet: Image source: AT&T. As that slide shows, net debt hasn't budged over the past year despite generating over $15.2 That would help push its leverage ratio down toward 3.0 billion in free cash flow.

Leveraging 244

Leveraging Investors Debt Companies 244

The Motley Fool

MAY 11, 2024

Enterprise ended the quarter with leverage of 3x. It defines leverage as net debt adjusted for equity credit in junior subordinated notes (hybrids) divided by adjusted EBITDA. The company is also in solid financial shape concerning its debt load.

Depreciation 240

Depreciation Enterprise Values Leveraging Earnings Before Interest 240

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 Private Equity Firms 195

The Motley Fool

MAY 17, 2024

Bitcoin's move led to some big moves among leveraged Bitcoin players. Leveraging Bitcoin In the meantime, companies that are leveraged to Bitcoin are the biggest beneficiaries. MicroStrategy has been one of the most bullish voices in the Bitcoin market and has been buying the token with debt in recent years.

Exchange-Traded Funds 165

Exchange-Traded Funds Leveraging Debt Returns 165

The Motley Fool

APRIL 30, 2024

Exxon's financial fortress Exxon ended the first quarter with a debt-to-capital ratio of 16%. That's a low leverage ratio for the oil company. It's well below the company's targeted debt-to-capital range of 20%-25%. Add in its cash, and Exxon's net debt-to-capital ratio was a mere 3%. Chevron's cash balance was $6.3

Leveraging 130

Leveraging Debt Capital Funds 130

The Motley Fool

AUGUST 7, 2023

After about a year of being weighed down by roughly $80 billion of leveraged loans, banks are starting to offload some of that debt again, a sign that investors are starting to believe in the sweet spot of lower inflation without a recession to follow. It's completely free and we guarantee you'll learn something new every day.

Leveraging 246

Leveraging Buyout Banks Debt 246

The Motley Fool

MARCH 17, 2024

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. I've also included its adjusted debt to earnings before interest, taxation, depreciation, amortization, and rent ( EBITDAR ) multiple.

Debt 240

Debt Leveraging Earnings Before Interest Amortization 240

Private Equity Wire

JANUARY 29, 2024

Blackstone, the world’s largest private equity firm, has turned to direct lenders to help finance its $2.3bn acquisition of Rover Group, the world’s largest online marketplace for pet care, with the firm seeking about $250m of private debt, according to a report by Bloomberg. Some lenders have pushed for a higher price, however.

Buyout 67

Buyout Debt Leveraged Buyouts Private Equity Firms 67

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. billion deal.

Leveraging 246

Leveraging Debt Capital Returns 246

The Motley Fool

MAY 19, 2024

It took some of that cash and bought back about $150 million in debt. Without reducing debt any further, the company is on track to get to 3 times leverage (net debt/adjusted EBITDA) by year end. or more a quarter in enhanced distributions. Image source: Getty Images. This is something I firmly believe.

Enterprise Values 130

Enterprise Values Leveraging Debt Prospects 130

The Motley Fool

JANUARY 21, 2024

Its long-term debt consequently skyrocketed from around $11 billion to over $35 billion in a matter of months. CCL total long-term debt (quarterly) , data by YCharts. But now that the company is sailing again, it has to get its debt down to something more manageable. What's encouraging is that its debt is already down $4.6

Debt 237

Debt Leveraging Shareholders Returns 237

The Motley Fool

APRIL 1, 2024

billion, including debt, and will pay for the deal with cash on hand in debt. Home Depot makes a big move Home Depot will acquire SRS Distribution for $18.25

Earnings Before Interest 246

Earnings Before Interest Amortization Depreciation Debt 246

The Motley Fool

APRIL 23, 2024

The natural gas pipeline giant recently showcased its commitment to maintaining a conservative financial profile by adjusting its targeted- leverage ratio. Adjusting the target Kinder Morgan unveiled in its first-quarter earnings report that it's adjusting its long-term leverage target. times to its leverage ratio this year.

Leveraging 130

Leveraging Earnings Before Interest Amortization Depreciation 130

The Motley Fool

APRIL 27, 2024

Most of Hercules's assets are in debts structured with warrants , equity, and options, giving the company a way to benefit from the upside results of those companies that it invests in. On top of that, BDCs use leverage to boost their payouts to shareholders. The debt-to-equity ratio is one metric that shows how much leverage BDCs use.

Capital 130

Capital Initial Public Offering Leveraging Debt 130

AltAssets

JUNE 22, 2023

European loan markets fell into volatility in Q1 following a promising start to the year which saw leveraged finance volumes initially ramp up, new research shows. The post European debt markets suffer ‘bumpy’ Q1 amid blowback from SVB collapse first appeared on AltAssets Private Equity News.

Debt 70

Debt Leveraging Financing Finance 70

AltAssets

OCTOBER 16, 2023

The post Fidelity International leverages ‘uncertain outlook’ by filling LP demand for direct lending first appeared on AltAssets Private Equity News. Global asset management major Fidelity International has launched its first European direct lending fund for institutional investors.

Leveraging 59

Leveraging Asset Management Assets Funds 59

The Motley Fool

MAY 17, 2024

That, meanwhile, is backed by a strong balance sheet, with the company's debt-to-EBITDA also within management's target range, which in this case is between 4.5 And that will not only help to support, and justify, the company's higher leverage levels (than midstream peers), but also help to build the foundation for long-term growth.

Leveraging 240

Leveraging Earnings Before Interest Amortization Depreciation 240

The Motley Fool

JANUARY 20, 2024

One very big reason is leverage. Carnival's debt-to-equity level was around 0.45 By the middle of 2023, Carnival's debt-to-equity level had risen to more than 5.7 That's a shocking increase and suggests that Carnival's balance sheet is highly leveraged. At that point, Carnival's leverage was still on the rise.

Leveraging 130

Leveraging Debt Capital Capital Investments 130

The Motley Fool

JULY 7, 2023

It also needs to have a sound financial foundation, otherwise cash will have to be put toward debt reduction and interest costs instead of dividend payments. DVN Debt to Equity Ratio data by YCharts Devon Energy's debt-to-equity ratio is currently at around 0.6. Pioneer's debt-to-equity ratio is currently around 0.3,

Debt 246

Debt Leveraging Assets Shareholders 246

The Motley Fool

APRIL 20, 2024

The other important aspect to look at when it comes to the safety of a company's dividend is its leverage, which is its net debt divided by its earnings before interest, taxes, depreciation, and amortization (EBITDA). Altria ended 2023 with leverage of 2.2 Looking at its balance sheet, Vector ended 2023 with leverage of 2.6

Leveraging 130

Leveraging Investing Earnings Before Interest Debt 130

The Motley Fool

MARCH 24, 2024

The telecom company needed to reset its dividend to reflect its lower post-spin earnings and to retain more cash for debt reduction. Debt remains an issue for AT&T. While the company's strong free cash flow last year enabled it to reduce its leverage ratio from 3.2 leverage ratio, down from 2.7 at the end of 2022.

Leveraging 130

Leveraging Debt Capital Returns 130

The Motley Fool

SEPTEMBER 8, 2023

That should enable them to produce more free cash to reduce debt and support their dividends. times leverage ratio , down from 2.7 Verizon plans to continue using its excess free cash to repay debt. The company's long-term target is to get leverage between 1.75 Verizon ended the second quarter with a 2.6

Leveraging 246

Leveraging Debt Shareholders Companies 246

The Motley Fool

MARCH 9, 2024

Therefore, most of its Bitcoin transactions were funded through debt and equity. First, the company's debt has exploded from approximately $531 million in net cash to $2.1 billion in net debt since its spending spree began. MSTR Net Financial Debt (Quarterly) data by YCharts. What could go wrong for MicroStrategy?

Leveraging 130

Leveraging Exchange-Traded Funds Debt Collateral 130

Private Equity Insights

MAY 17, 2024

Oak Hill Advisors is leading a group of private credit lenders in discussions to provide about $1bn of debt to support Vista Equity Partners’ acquisition of revenue management solutions business Model N, according to a report by Bloomberg. Read more: Private Equity Wire Can’t stop reading?

Buyout 130

Buyout Bidding Leveraging Financing 130

The Motley Fool

MAY 16, 2024

There's a similar term called shareholder yield that looks at cash dividends, net share repurchases, and net debt reduction as a percentage of market cap. It's also worth mentioning that Chevron has a very healthy balance sheet and low leverage ratios. Capital return yield is a term I coined that factors in both buybacks and dividends.

Debt 243

Debt Investment Horizon Shareholders Capital 243

The Motley Fool

FEBRUARY 29, 2024

Risks to the dividend to watch out for One potential risk to Verizon's dividend comes from the company's relatively high leverage levels. As of Q4 2023, the telecom titan had a net leverage ratio of 2.6. Net leverage is a metric that attempts to assess a company's ability to meet its debt obligations. telecom industry.

Leveraging 130

Leveraging Debt Legal Returns 130

Private Equity Insights

FEBRUARY 23, 2024

A roughly $5 billion debt deal for the buyout of health-care tech company Cotiviti Inc. KKR and Veritas relied on their own capital markets teams to do much of the work that’s typically carried out by banks for debt offerings of this size. JPMorgan and Goldman officially launched the debt sale later on Feb. in New York on Feb.

Private Equity Firms 130

Private Equity Firms Private Equity Firms Buyout Stakes 130