Gowri Gurumurthy

2 days ago | bloomberg.com | Rachel Graf |Gowri Gurumurthy

A Carnival cruise ship in New Orleans, Louisiana. (Bloomberg) -- Carnival Corp. issued bonds for the third time this year, as the cruise operator chips away at a debt load that had ballooned during the Covid-19 pandemic. Monday’s $1 billion offering of senior unsecured notes will be used to refinance 7.625% notes maturing next year, according to a person familiar with the matter. The new notes priced at 5.875%, the person said, at the low end of initial pricing discussions of up to 6%.

5 days ago | news.bloombergtax.com | Jeannine Amodeo |Rachel Graf |Gowri Gurumurthy

Less than two months after a heavily scaled down initial public offering, CoreWeave Inc. is in discussions to raise about $1.5 billion in debt, according to a person with knowledge of the matter. The potential offering is expected to be in high-yield bonds and led by JPMorgan Chase & Co., according to a different person.

5 days ago | bloomberg.com | Jeannine Amodeo |Rachel Graf |Gowri Gurumurthy

CoreWeave signage during the company's IPO at the Nasdaq MarketSite in New York on March 28. (Bloomberg) -- Less than two months after a heavily scaled down initial public offering, CoreWeave Inc. is in discussions to raise about $1.5 billion in debt, according to a person with knowledge of the matter. The potential offering is expected to be in high-yield bonds and led by JPMorgan Chase & Co., according to a different person.

6 days ago | news.bloomberglaw.com | Gowri Gurumurthy |Rachel Graf

A group of banks led by Deutsche Bank AGadded further sweeteners to a $4.3 billion junk-debt sale to support Apollo Global Management Inc.’s buyout of a suite of gaming and gambling products as the deal struggled to attract demand. Yields were hiked Thursday on both parts of the financing backing the purchase of International Game Technology Plc’s gaming division and the gambling machines company Everi Holdings Inc. by the buyout firm, according to people with knowledge of the matter.

2 weeks ago | news.bloombergtax.com | Aaron Weinman |Gowri Gurumurthy

Wall Street banks have finally gotten rid of Twitter. A group of banks led by Morgan Stanley sold the last piece of debt tied to Elon Musk’s social-media platform, now known as X Holdings Corp., which cost $44 billion, including $13 billion of debt. The banks were able to sell the final slug on Monday, a $1.23 billion portion that saw huge demand. The lenders had been stuck with the about $13 billion of debt since Musk’s acquisition in 2022.