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4 days ago | 
bloomberg.com | Irene Perez |Irene García Pérez
Strategic Value Partners (SVP) und eine Gruppe von Gläubigern von Klöckner Pentaplast befinden sich dem Vernehmen nach in fortgeschrittenen Gesprächen, die Fälligkeit der vorrangigen Schulden des Verpackungsunternehmens über das nächste Jahr hinaus zu verlängern. Inflation und nachlassende Nachfrage haben das Geschäft des Herstellers unter Druck gesetzt.
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5 days ago | 
bloomberg.com | Irene Perez |Irene García Pérez
Kloeckner Pentaplast, which produces packaging used in the food and pharmaceutical sectors, has been hit by weaker consumer demand and volatility in raw material prices Photographer: Chris Ratcliffe/Bloomberg(Bloomberg) -- Strategic Value Partners and a group of creditors of Kloeckner Pentaplast are in advanced talks to extend the maturity of the German packaging company’s senior debt as it tackles inflation and waning demand, according to people with knowledge of the matter.
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1 week ago | 
news.bloomberglaw.com | Eliza Ronalds-Hannon |Reshmi Basu |Irene Perez |Irene García Pérez
Saks Global Enterprisestold creditors it had an adjusted loss of more than $100 million last fiscal year, one day after it announced a $350 million financial lifeline ahead of a looming coupon payment. The luxury retailer has $275 million in overdue payments to suppliers, management told bondholders in a Friday call where it also shared figures from the 12-month period ended Feb. 1, according to people with knowledge of the call’s contents.
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1 week ago | 
bloomberg.com | Upmanyu Trivedi |Irene Perez |Irene García Pérez
This article is for subscribers only. An ex-Morgan Stanley banker in its credit sales team sued the lender over allegations she was dismissed in a “sham redundancy” in retaliation for raising concerns over potential market manipulation. Taif Adams, an executive director in leveraged finance sales, filed a lawsuit against the bank for unfair dismissal alleging she was ostracized after reporting internal issues to compliance.
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1 week ago | 
bloomberg.com | Silas Brown |Irene Perez |Irene García Pérez
Der FC Barcelona strebt dem Vernehmen nach eine Änderung seiner Kreditbedingungen an, um mehr Zeit für die Umbaumaßnahmen am Stadion Spotify Camp Nou zu gewinnen. Wie informierte Kreise Bloomberg berichten, ist der spanische Fußballclub mit den geplanten Arbeiten in Verzug geraten. Deren Phasen sind in den Kreditverträgen festgelegt.
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2 weeks ago | 
bloomberg.com | Silas Brown |Irene Perez |Irene García Pérez
Spotify Camp Nou stadium in Barcelona, Spain. (Bloomberg) -- FC Barcelona is seeking to amend the terms of its debt to allow more time to finish the revamp of its Spotify Camp Nou stadium, people with knowledge of the matter said. The Spanish football league champion has fallen behind schedule on planned works whose phases have been written into debt commitments, said the people, who requested anonymity when discussing private matters.
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3 weeks ago | 
news.bloomberglaw.com | Irene Perez |Irene García Pérez |Giulia Morpurgo
Cinven-backed Netceed has shelved the sale of a Belgian unit after receiving bids that were below the valuation it sought for the firm, according to people familiar with the matter. The French telecommunications supplier was working with investment bank Rothschild & Co. and law firm Freshfields LLP to carve out an energy business it had acquired when it bought Amadys two years ago, the people said, asking not to be identified discussing private information.
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4 weeks ago | 
thinkadvisor.com | Irene Perez |Irene García Pérez |Todd Gillespie
Immediate Answers to Critical Tax Questions At Your Fingertips Keep up with the latest tax rules and regulations with weekly, exclusive updates by our Tax Facts experts. Get More Information Recently Added Q&As Recently Updated Q&As What is a high deductible health plan for purposes of an HSA? Get Answer Recently Updated Q&As Are remote workers eligible for leave under the Family and Medical Leave Act (FMLA)?
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4 weeks ago | 
fa-mag.com | Todd Gillespie |Irene Perez |Irene García Pérez
UBS Group AG is in talks to sell its hedge fund unit O’Connor to Cantor Fitzgerald LP, a move that would end a more than three-decade run of ownership by the Swiss bank, according to people familiar with the matter. The deal could involve a possible revenue sharing agreement, one of the people said. In that case, Cantor would acquire the unit from UBS’s asset management division, and the Swiss bank would receive some of the proceeds, the person said.
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4 weeks ago | 
bloomberg.com | Irene Perez |Irene García Pérez |Todd Gillespie
Die UBS befindet sich informierten Kreisen zufolge in Verhandlungen über den Verkauf ihrer Hedgefonds-Sparte O’Connor an Cantor Fitzgerald. Der Deal könnte eine Vereinbarung über eine mögliche Umsatzbeteiligung beinhalten, wie einer der Insider sagte. Angesichts verschärfter Kapitalanforderungen in der Schweiz versucht die UBS derzeit, ihre risikoreicheren Geschäfte insgesamt zu reduzieren.
