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6 days ago | 
bloomberg.com | John Gittelsohn |Aaron Weinman |Alexandre Rajbhandari |Eliza Ronalds-Hannon
Attendees wait for a presentation during the Milken Institute Global Conference in Beverly Hills, California. (Bloomberg) -- Attendees of this week’s Milken Institute Global Conference heard a lot of upbeat chatter from the stages of the Beverly Hilton hotel, where billionaires and executives frequently took a sanguine tone about the state of markets and the global economy. Treasury Secretary Scott Bessent touted the US as the premier destination for global capital.
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1 week ago | 
news.bloomberglaw.com | Eliza Ronalds-Hannon |John Gittelsohn |Sonali Basak
Some of the biggest players in private credit are anticipating profits from the chaos unleashed by President Donald Trump’s tariffs, even as the volatility exposes risks lurking in the opaque market. “I can’t help but think that there might be actually around the corner, in the wake of some of this turmoil,a golden opportunity that’s forming to deploy larger and larger dollars given how much valuations have corrected,” Ares Management Corp.
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1 week ago | 
news.bloombergtax.com | Eliza Ronalds-Hannon |John Gittelsohn |Sonali Basak
Some of the biggest players in private credit are anticipating profits from the chaos unleashed by President Donald Trump’s tariffs, even as the volatility exposes risks lurking in the opaque market. “I can’t help but think that there might be actually around the corner, in the wake of some of this turmoil,a golden opportunity that’s forming to deploy larger and larger dollars given how much valuations have corrected,” Ares Management Corp.
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1 week ago | 
news.bloomberglaw.com | Eliza Ronalds-Hannon |John Gittelsohn |Sonali Basak
Some of the biggest players in private credit are anticipating profits from the chaos unleashed by President Donald Trump’s tariffs, even as the volatility exposes risks lurking in the opaque market. “I can’t help but think that there might be actually around the corner, in the wake of some of this turmoil,a golden opportunity that’s forming to deploy larger and larger dollars given how much valuations have corrected,” Ares Management Corp.
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1 week ago | 
bloomberg.com | Eliza Ronalds-Hannon |John Gittelsohn |Sonali Basak
An American President Lines (APL) container ship at the Port of Seattle in Seattle, Washington, US, on Wednesday, April 16, 2025. The Trump administration is preparing to pressure nations to curb trade with China in negotiations over US tariffs, according to people familiar with the matter.
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2 weeks ago | 
news.bloomberglaw.com | Jeannette Neumann |Eliza Ronalds-Hannon |Reshmi Basu
EmailApril 28, 2025, 9:36 PM UTCThe bonds of department store Saks Global Enterprises sank deeper into distress on Monday after a call with management fell short of reassuring investors’ concerns about its financial outlook. Saks’ secured notes due 2029 —which were issued in December to finance the acquisition of rival Neiman Marcus — were down 10 cents on the dollar on Monday following a call that highlighted a decline in liquidity as well as the company’s plans to raise new debt.
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2 weeks ago | 
news.bloombergtax.com | Jeannette Neumann |Eliza Ronalds-Hannon |Reshmi Basu
Saks Global Enterprises is considering raising up to $350 million in debt as well as selling some its real estate assets to shore up its finances as stock-market volatility and China tariffs threaten to slow luxury spending. The fresh debt would come through a so-called first-in, last-out loan under its existing $1.8 billion revolving credit facility, Chief Executive Officer Marc Metricksaid.
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2 weeks ago | 
news.bloomberglaw.com | Jeannette Neumann |Eliza Ronalds-Hannon |Reshmi Basu
Saks Global Enterprises is considering raising up to $350 million in debt as well as selling some its real estate assets to shore up its finances as stock-market volatility and China tariffs threaten to slow luxury spending. The fresh debt would come through a so-called first-in, last-out loan under its existing $1.8 billion revolving credit facility, Chief Executive Officer Marc Metricksaid.
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2 weeks ago | 
bloomberg.com | Jeannette Neumann |Eliza Ronalds-Hannon |Reshmi Basu
Handbags and wallets displayed for sale at the Saks Fifth Avenue flagship department store in New York. (Bloomberg) -- The bonds of department store Saks Global Enterprises sank deeper into distress on Monday after a call with management fell short of reassuring investors’ concerns about its financial outlook.
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2 weeks ago | 
news.bloombergtax.com | Irene Perez |Irene García Pérez |Eliza Ronalds-Hannon |Reshmi Basu
Welcome to The Brink. It’s Irene Garcia Perez and Reshmi Basiin New York, and Eliza Ronalds-Hannon in Atlanta, where we’ve been tracking Rite Aid’s slide into a second bankruptcy. We also have updates on Weight Watchers, Nio and Nitrogenmuvek. Follow . Send us feedback and tips at [email protected].
