Paula Seligson

New York

Senior Reporter at Bloomberg News

Private Credit and Leveraged Finance Reporter @business.

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Articles

Private Credit Is the Hot New Thing on Wall Street. But What Is It?

2 months ago | bloomberg.com | Kat Hidalgo |Paula Seligson

Hedge funds? Quant trading? Old news. These days, everyone within shouting distance of Wall Street is talking about private credit—even if some of those people might admit that they still aren’t 100% sure what private credit is. The industry is minting billionaires.
Musk DOGE Pick Led Cybersecurity Cuts at Citrix. Hacks Followed

2 months ago | news.bloombergtax.com | Jordan Robertson |Paula Seligson

Billionaire Elon Musk’s Department of Government Efficiency has a key ally in the US Department of the Treasury: Tom Krause, a veteran technology executive who’s now a special government employee, or consultant, at the agency. Until a federal judge temporarily blocked DOGE’s access on Saturday, Krause had “read-only” access to Treasury’s payments system, which handles more than 1.2 billion transactions a year.
Musk DOGE Pick Led Cybersecurity Cuts at Citrix. Hacks Followed

2 months ago | news.bloomberglaw.com | Jordan Robertson |Paula Seligson

Billionaire Elon Musk’s Department of Government Efficiency has a key ally in the US Department of the Treasury: Tom Krause, a veteran technology executive who’s now a special government employee, or consultant, at the agency. Until a federal judge temporarily blocked DOGE’s access on Saturday, Krause had “read-only” access to Treasury’s payments system, which handles more than 1.2 billion transactions a year.
Musk's DOGE Pick Led Cybersecurity Cuts at Citrix. Hacks Followed

2 months ago | bloomberg.com | Jordan Robertson |Paula Seligson

Billionaire Elon Musk’s Department of Government Efficiency has a key ally in the US Department of the Treasury: Tom Krause, a veteran technology executive who’s now a special government employee, or consultant, at the agency. Until a federal judge temporarily blocked DOGE’s access on Saturday, Krause had “read-only” access to Treasury’s payments system, which handles more than 1.2 billion transactions a year.
Wells’ Direct-Debt Partnership Arranges $2.8 Billion Since Debut

2 months ago | bnnbloomberg.ca | Olivia Fishlow |Paula Seligson

(Bloomberg) -- A venture between Wells Fargo & Co. and Centerbridge Partners dedicated to direct lending has arranged $2.8 billion in deals since its formation a year ago, according to a statement seen by Bloomberg News. The business development company, known as Overland Advantage, led six deals alongside Wells Fargo, including a $74 million second-lien credit facility for MaxiTransfers and a $215 million deal for FFF Enterprises Inc.
Wells’ Direct-Debt Partnership Arranges $2.8 Billion Since Debut

2 months ago | bloomberg.com | Olivia Fishlow |Paula Seligson

A venture between Wells Fargo & Co. and Centerbridge Partners dedicated to direct lending has arranged $2.8 billion in deals since its formation a year ago, according to a statement seen by Bloomberg News. The business development company, known as Overland Advantage, led six deals alongside Wells Fargo, including a $74 million second-lien credit facility for MaxiTransfers and a $215 million deal for FFF Enterprises Inc.
Banks Prepare To Sell As Much As US$3 Billion Of X Buyout Debt

2 months ago | cyberera.com.ng | Paula Seligson |Carmen Arroyo |Reshmi Basu

By Paula Seligson, Carmen Arroyo and Reshmi BasuA group of banks led by Morgan Stanley is preparing to sell as much as US$3 billion of senior debt tied to Elon Musk’s buyout of X, the social media platform formerly known as Twitter, according to people with knowledge of the matter.
Banks Prepare to Sell as Much as $3 Billion of X Buyout Debt (2)

2 months ago | news.bloomberglaw.com | Paula Seligson |Carmen Arroyo |Reshmi Basu

A group of banks led by Morgan Stanley is preparing to sell as much as $3 billion of senior debt tied to Elon Musk’s buyout of X, the social media platform formerly known as Twitter, according to people with knowledge of the matter. Bankers have contacted a small group of investors to assess their interest in buying chunks of at least $250 million at a discounted price in the range of 90 to 95 cents on the dollar, said the people, who asked not to be identified discussing private information.
Bancos se alistan para salir de hasta US$3.000 millones de deuda por la compra de X

2 months ago | bloomberglinea.com | Reshmi Basu |Paula Seligson |Carmen Arroyo

Bloomberg — Un grupo de bancos liderado por Morgan Stanley (MS) se está preparando para vender hasta US$3.000 millones de deuda senior vinculada a la compra de X, la plataforma de medios sociales antes conocida como Twitter, por parte de Elon Musk, según personas con conocimiento del asunto.
Banks led by Morgan Stanley prepare to sell around $3 bn of X buyout debt

2 months ago | business-standard.com | Paula Seligson |Carmen Arroyo |Reshmi Basu

A group of banks led by Morgan Stanley is preparing to sell as much as $3 billion of senior debt tied to Elon Musk's buyout of X, the social media platform formerly known as Twitter, according to people with knowledge of the matter. Bankers have contacted a small group of investors to assess their interest in buying chunks of at least $250 million at a discounted price in the range of 90 to 95 cents on the dollar, said the people, who asked not to be identified discussing private information.