Edward Clark Journalist Profile

Articles

Farallon’s European Credit Head Charbel to Exit After 18 Years

1 week ago | news.bloomberglaw.com | Edward Clark |Silas Brown

Farallon Capital Management’s Head of European Credit Wissam Charbel is set to leave after 18 years at the hedge fund, people with knowledge of the matter said. His duties will be taken up by Gregory Lassman, another London-based partner at the $42 billion fund management firm, the people said, asking not to be named because the matter is private. Farallon declined to comment.
First Group Sukuk Restructuring Proposal Approved by Creditors

1 week ago | news.bloombergtax.com | Alex Dooler |Edward Clark

Holders of the $135 million 10.5% August 2024 sukuk have voted in favor of a proposal to restructure the certificate, according to sources familiar with the situation.
First Group Sukuk Restructuring Proposal Approved by Creditors

1 week ago | news.bloomberglaw.com | Alex Dooler |Edward Clark

Holders of the $135 million 10.5% August 2024 sukuk have voted in favor of a proposal to restructure the certificate, according to sources familiar with the situation.
EQT Plans Colisee Cash Injection, Loan Writedown to Fix Finances

2 weeks ago | news.bloombergtax.com | Giulia Morpurgo |Edward Clark

Private equity fund EQT ABcould inject more than €200 million ($225 million) into French nursing home operator Colisee Group SAas part of a deal to fix the company’s finances and reduce its debt. Colisee and its private equity owner presented a plan to lenders offering to convert over a third of its €1.17 billion term loans in exchange for a stake of about 33%, according to people familiar with the matter, who spoke on the condition of anonymity.
EQT Plans Colisee Cash Injection, Loan Writedown to Fix Finances

2 weeks ago | news.bloombergtax.com | Giulia Morpurgo |Edward Clark

XYour Choices Regarding Cookies and IdentifiersWe and our 150 third party partners use cookies and similar technologies ("Cookies") and hashed identifiers (e.g., a hashed version of your name, email address or phone number) to help us identify you on our site and third-party sites and to process certain information, such as your IP address and digital identifiers, to analyze site usage and provide you with relevant advertisements and content.
EQT Plans Colisee Cash Injection, Loan Writedown to Fix Finances

2 weeks ago | news.bloomberglaw.com | Giulia Morpurgo |Edward Clark

Private equity fund EQT ABcould inject more than €200 million ($225 million) into French nursing home operator Colisee Group SAas part of a deal to fix the company’s finances and reduce its debt. Colisee and its private equity owner presented a plan to lenders offering to convert over a third of its €1.17 billion term loans in exchange for a stake of about 33%, according to people familiar with the matter, who spoke on the condition of anonymity.
Private Credit Strains Are Keeping Advisors Busy - Bloomberg

2 weeks ago | bloomberg.com | Edward Clark

Not all private credit deals are going to be easy to refinance
Macquarie (MQG AU) Nears Deal With Southern Water’s Riskiest Creditors

3 weeks ago | bloomberg.com | Giulia Morpurgo |Edward Clark

Southern Water’s owner Macquarie and holders of the UK utility’s riskiest debt are close to a deal that would give creditors a minority stake in the water company. The agreement would entail a partial writeoff of the around £380 million ($505 million) debt issued out of Southern Water’s holding companies in exchange for some shares as well as some cash payment, said people familiar with the matter, who spoke on the condition of anonymity. A part of the debt will be reinstated, they said.
Macquarie Nears Deal With Southern Water’s Riskiest Creditors

3 weeks ago | news.bloomberglaw.com | Giulia Morpurgo |Edward Clark

Southern Water’s owner Macquarie and holders of the UK utility’s riskiest debt are close to a deal that would give creditors a minority stake in the water company. The agreement would entail a partial writeoff of the around £380 million ($505 million) debt issued out of Southern Water’s holding companies in exchange for some shares as well as some cash payment, said people familiar with the matter, who spoke on the condition of anonymity. A part of the debt will be reinstated, they said.
Private Credit’s Latest Golden Moment Is Hiding the Cracks (1)

3 weeks ago | news.bgov.com | Katharine Hidalgo |Edward Clark

Anyone betting on the end of the private credit boom has been on the back foot of late as the upstart $1.6 trillion asset class has notched up a string of wins. But the industry’s naysayers won’t be conceding defeat just yet.