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1 week ago | 
news.bloombergtax.com | Reshmi Basu |Georgia Hall
A minority group of creditors holding about $600 million of Saks Global Enterprises’ $2.2 billion bond has tapped Greenhill & Co.as a financial adviser ahead of potential talks with the company over its debt stack, according to people with knowledge of the matter, who asked not to be identified discussing private information.
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1 week ago | 
news.bloomberglaw.com | Reshmi Basu |Georgia Hall
A minority group of creditors holding about $600 million of ’ $2.2 billion bond has tapped as a financial adviser ahead of potential talks with the company over its debt stack, according to people with knowledge of the matter, who asked not to be identified discussing private information.
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1 week ago | 
news.bloombergtax.com | Georgia Hall
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.
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1 week ago | 
news.bloomberglaw.com | Georgia Hall
’s credit rating one notch to B, five steps into junk territory, by ratings firm on expected cinemas growing ticket sales, favorable ticket pricing and controlled operating costs, according to a report published on Wednesday.
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1 week ago | 
news.bloombergtax.com | Georgia Hall
Wolfspeed Inc. will enter a 30-day grace period for interest payments due on June 2, the chip-maker said in a regulatory filing on Friday. Co. “continues to engage in ongoing, constructive discussions with its financial stakeholders” to fix its capital structureWolfspeed also appointed David Emerson as chief operating officer, it said in the filingNOTE, May 21: Wolfspeed Plummets on Report Company Seeking Bankruptcy NOTE, Apr.
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1 week ago | 
news.bloomberglaw.com | Georgia Hall
will enter a 30-day grace period for interest payments due on June 2, the chip-maker said in a regulatory on Friday. • Co. “continues to engage in ongoing, constructive discussions with its financial stakeholders” to fix its capital structure• Wolfspeed also appointed David Emerson as chief operating officer, it said in the filingTo contact the reporter on this story: in New York at [email protected] contact the editor responsible for this ...
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2 weeks ago | 
news.bloomberglaw.com | Georgia Hall
Arena Investors LP closed around $1.1 billion in commitments for a special opportunities fund as the firm seeks varied investments during a period of geopolitical uncertainty. The asset manager announced a final close of the vehicle, Arena Special Opportunities Partners Fund III, according to a Thursday statement.
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2 weeks ago | 
news.bloombergtax.com | Georgia Hall
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.
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2 months ago | 
bloomberg.com | Georgia Hall
A former Goldman Sachs Group Inc. managing director who worked on the US government’s semiconductor-production program was tapped to run an artificial-intelligence chipcompany at a time when American companies face international competition to cheaply scale AI. Srujan Linga is taking over as chief executive officer of Lausanne, Switzerland-based Kandou AI. Founder and current CEO Amin Shokrollahi will become chief technology officer.
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2 months ago | 
news.bloombergtax.com | Georgia Hall |Paige Smith
In March, a financial-technology firm did something no US company had done in more than four years: It became a bank. SmartBiz Loans, a San Francisco-based lender specializing in small businesses, won the requisite regulatory approval — the first company since President Donald Trump’s initial term to get the coveted nod. The move suggests the Trump administration is inclined to lower the barriers for non-bank companies eager to enter the world of banking.
