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The Shanghai-based group has been informally fielding interest from potential buyers of Club Med. It could seek to value the business at around $1.5 billion in any transaction, according to the people.
The Toronto-based firm will “temporarily defer payment” of redemption requests until it’s clearer when borrowers will repay the loans and the fund can get cash from asset sales, according to a letter to investors dated Nov. 8. “Loan payoff...
For Equity Residential’s $2.5 billion backup line of credit known as a revolver, lenders have historically treated the process like a formality or an administrative task, Chief Financial Officer Robert Garechana said in an interview. This time...
Among the 10 biggest bond referendums, which total about $17 billion, many would fund upgrades to schools like safety improvements, expansions or modernizations. San Diego voters will weigh a $3.2 billion bond for the school district, the second...
By assuming existing loans, investors can mitigate the risk from rising interest rates and ultimately underwrite a greater leveraged return, market participants say.
Conditions are deteriorating globally as central banks around the world raise interest rates to try to reign in inflation, pushing the cost of refinancing debt to a record.
Credit Suisse is among lenders that have been defending themselves against claims over the sale of mortgage securities that plummeted in value during the 2008 crisis. It paid $600 million last year to settle a lawsuit with MBIA Insurance Corp over...
