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6 days ago | 
bloomberg.com | Reshmi Basu
Hi, it’s Reshmi Basu in New York, reporting on how some lenders to private equity firms are getting bumped to the back of the queue. Also today, Abu Dhabi wealth fund Mubadala builds a $20 billion private credit portfolio.
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1 week ago | 
news.bloombergtax.com | Reshmi Basu
Tropicana is a famous old breakfast brand whose status has taken a battering of late. Many of its lenders are about to share the same fate. The juice maker has been crushed by climate change, blighted crops and evolving tastes, and its private equity owners have been locked in bruising talks with creditors to cut its interest costs.
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1 week ago | 
bloomberg.com | Reshmi Basu
Tropicana is a famous old breakfast brand whose status has taken a battering of late. Many of its lenders are about to share the same fate. The juice maker has been crushed by climate change, blighted crops and evolving tastes, and its private equity owners have been locked in bruising talks with creditors to cut its interest costs.
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1 week ago | 
news.bloombergtax.com | Reshmi Basu
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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1 week ago | 
news.bloomberglaw.com | Reshmi Basu
Clearlake Capital-backed software firm said it’s closed a deal to extend debt maturities to 2029 and raise $350 million in new capital.
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1 week ago | 
chicagobusiness.com | Reshmi Basu
Claire’s Stores Inc. is choosing to defer interest payments on its debt as a way to conserve cash as the US-China trade war roils retailer supply chains. The seller of kitschy tween jewelry plans to pay the interest with additional debt, according to people familiar with the matter, who asked not to be identified discussing a private matter. The arrangement, known as payment-in-kind, is relatively rare but gaining in popularity as high interest-rates keep the cost to borrow elevated.
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1 week ago | 
bloomberg.com | Reshmi Basu
Claire's store entrance in Idaho. (Bloomberg) -- Claire’s Stores Inc. is choosing to defer interest payments on its debt as a way to conserve cash as the US-China trade war roils retailer supply chains. The seller of kitschy tween jewelry plans to pay the interest with additional debt, according to people familiar with the matter, who asked not to be identified discussing a private matter.
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1 week ago | 
news.bloombergtax.com | Reshmi Basu
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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1 week ago | 
news.bloomberglaw.com | Reshmi Basu
Claire’s Stores Inc. is choosing to defer interest payments on its debt as a way to conserve cash as the US-China trade war roils retailer supply chains. The seller of kitschy tween jewelry plans to pay the interest with additional debt, according to people familiar with the matter, who asked not to be identified discussing a private matter. The arrangement, known as payment-in-kind, is relatively rare but gaining in popularity as high interest-rates keep the cost to borrow elevated.
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2 weeks ago | 
news.bloombergtax.com | Reshmi Basu |Mark Chediak
Sunnova Energy International Inc., a seller of rooftop solar-panel systems, is in discussions with its creditors to borrow money to finance a potential bankruptcy, according to people familiar with the situation. Those discussions are part of a dual track strategy — to prepare for bankruptcy while also seeking bridge financing to give it more time to restructure its debt out of court, said the people, who asked not to be identified discussing a private matter.
