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1 month ago | 
foxnews.com | Michael Dorgan |Michael Tobin
The arrest of an illegal migrant who was dropping students at school in Chicago earlier this week sparked local fury and a rally, but Immigrations and Customs Enforcement (ICE) have since revealed the suspect is a violent gang member with a long rap sheet. Francisco Andrade-Berrera, 37, a Mexican citizen, was picked by ICE on Wednesday near a Southside Chicago school, leading to activists and local leaders holding a rally condemning the move.
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Jan 9, 2025 | 
treasuryandrisk.com | Caleb Mutua |Olivia Raimonde |Michael Tobin |Jeannine Amodeo
The U.S. Treasury building in Washington, D.C., on December 31, 2024. Photographer: Samuel Corum/Bloomberg. Borrowers are flooding global debt markets at an unprecedented pace as they take advantage of demand from credit-hungry investment managers flush with cash. Your access to unlimited Treasury & Risk content isn’t changing. Once you are an ALM digital member, you’ll receive: Already have an account? Sign In Now *May exclude premium content
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Oct 16, 2024 | 
news.bloombergtax.com | Devon Pendleton |Michael Tobin
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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Oct 16, 2024 | 
bloomberg.com | Devon Pendleton |Michael Tobin
The entrepreneur who popularized Greek yogurt in the US has seen his net worth rise to $2.5 billion as earnings at emerging dairy heavyweight Chobani LLC nearly doubled last year. Hamdi Ulukaya owns just under 78% of New Berlin, New York-based Chobani, best known for its Greek-style strained yogurt. The company has expanded into oat milk, coffee creamer and drinkable yogurt in recent years, drawing in a broader range of customers.
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Oct 14, 2024 | 
treasuryandrisk.com | Caleb Mutua |Olivia Raimonde |Michael Tobin |Jeannine Amodeo
The Boeing Co. stand on day two of the Farnborough International Airshow in Farnborough, UK, on July 23, 2024. Photographer: Hollie Adams/Bloomberg. If cut to junk status, Boeing Co. will be the biggest U.S. corporate borrower to ever be stripped of its investment-grade ratings and forced to join junk bond indexes, flooding the high-yield market with a record volume of new debt to absorb. Register and gain access to: Already have an account? Sign In Now
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Oct 11, 2024 | 
bnnbloomberg.ca | Michael Tobin |Carmen Arroyo |Jeannine Amodeo
(Bloomberg) -- A group of private credit firms including 26North Partners are closing in on a deal to lend to Vista Equity Partners-backed Alegeus Technologies, after the software firm tried to refinance existing debt with a new leveraged loan. Bank of America Corp. shelved a $525 million broadly syndicated offering for Alegeus on Thursday, according to people with knowledge of the matter who asked not to be identified as the details are private.
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Oct 10, 2024 | 
news.bloomberglaw.com | Michael Tobin |Carmen Arroyo |Jeannine Amodeo
A group of private credit firms including 26North Partners are closing in on a deal to lend to Vista Equity Partners-backed Alegeus Technologies, after the company tried to refinance existing debt with a new leveraged loan, according to people with knowledge of the matter. Bank of America Corp. shelved a $525 million offering for Alegeus, according to people with knowledge of the matter. Investors were not willing to fund a large dividend as part of the deal, the people added.
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Oct 10, 2024 | 
bloomberg.com | Michael Tobin |Carmen Arroyo |Jeannine Amodeo
A group of private credit firms including 26North Partners are closing in on a deal to lend to Vista Equity Partners-backed Alegeus Technologies, after the software firm tried to refinance existing debt with a new leveraged loan. Bank of America Corp. shelved a $525 million broadly syndicated offering for Alegeus on Thursday, according to people with knowledge of the matter who asked not to be identified as the details are private.
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Oct 9, 2024 | 
finance.yahoo.com | Michael Tobin |Josyana Joshua
(Bloomberg) -- Boeing Co.’s annual interest costs could rise by at least $100 million if its credit rating is cut to junk, adding to its troubles as it navigates stalled union talks and seeks to shore up fresh capital. Most Read from BloombergUrban Heat Stress Is Another Disparity in the World’s Most Unequal Nation Chicago’s $1 Billion Budget Hole Exacerbated by School Turmoil Should Evictions Be Banned After Hurricanes and Climate Disasters?
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Oct 9, 2024 | 
bloomberg.com | Michael Tobin |Josyana Joshua
Boeing Co.’s annual interest costs could rise by at least $100 million if its credit rating is cut to junk, adding to its troubles as it navigates stalled union talks and seeks to shore up fresh capital. The planemaker’s credit rating is already on the cusp of junk and is being reviewed for downgrade at both S&P Global Ratings and Moody’s Ratings. For every step its ratings are cut by Moody’s or S&P, its borrowing costs will rise by 25 basis points, or 0.25 percentage point.
