Hazik Siddiqui

Aug 22, 2024 | 9fin.com | Will Macadam |Hazik Siddiqui |Chris Osborne |Fatima Kane

News and AnalysisWill Macadam+Hazik Siddiqui+ 2 more22 August 2024•4 min readBrookfield and the Grifols family’s potential take-private of Grifols has caused the group’s debt stack to rally towards their prices for either a change of control put offer, or redemption. All of the bonds define a change of control as occurring if the Grifols family acquires an equity stake greater than 50% in the blood plasma-related products producer, or if anyone else acquires a stake greater than 35%.

Oct 31, 2023 | 9fin.com | Hazik Siddiqui

News and AnalysisHazik Siddiqui1 November 2023•3 min readSIGNA Development (finally!) published Q2 23 earnings yesterday evening (31 October), potentially steering clear from a breach of reporting requirements.

Aug 3, 2023 | 9fin.com | Hazik Siddiqui

DIC Asset AG (DIC), which operates a yielding real estate portfolio alongside mutual funds in Germany, is in a precarious situation. It has €806m of upcoming debt maturities compared to €486.7m of pro forma liquidity. LTV and interest coverage covenants are likely to be challenged later this year amid property devaluation and coupon step-ups on its VIB bridge financing — after its terms were recently renegotiated with bridge lenders.

Jul 17, 2023 | 9fin.com | Hazik Siddiqui |Emmet Mc Nally

German Real Estate (German RE) has become a closely watched and a much debated sector. A string of short-seller attacks, that began with Muddy Waters taking a short position in Corestate stock in 2019, has put a spotlight on everything from questionable governance to dubious transactions and asset valuations.

May 18, 2023 | 9fin.com | Emmet Mc Nally |Toby Udofia |Hazik Siddiqui |Arturo Alaimo |Josh Latham |Yusuf Sule | +3 more

Despite a busy earnings schedule, 9fin aims to bring you up to date with results you may have missed during the week. Below you will find a TLDR earnings summary for selected companies in the European HY market. The summary aims to capture earnings performance, recent updates and any guidance mentioned in the call. In this week’s edition we cover Ceconomy, BioGroup LCD, SIGNA Development, Upfield, Schoeller Allibert, Ideal Standard, Maxeda, Verisure, McLaren, KCA Deutag, and Lowen Play.