Teri Buhl

3 weeks ago | news.crbmonitor.com | Teri Buhl

Andrew Nash, founder of El Capitan Advisors, had to turn over the keys to his $5 million home in Santa Barbara, Calif., to multi-state operator Planet 13 as a result of a lawsuit accusing him of a massive theft and fraud. Las Vegas-based Planet 13 Holdings has relentlessly pursued litigation against not only Nash, who is under federal investigation, but also his wife Jamie Nash and venture capital firm Casa Verde Capital, which was an early investor in Nash’s company and held a board seat.

1 month ago | prospect.org | Maureen Tkacik |Teri Buhl

Last week, the few hundred remaining employees of two hospitals in Warren, Ohio, got an email informing them they were suspending hospital admissions following a sudden rise in costs precipitated by a Houston bankruptcy court ruling.

Sep 25, 2024 | 9fin.com | Rachel Butt |Teri Buhl |Will Macadam |Laura Thompson

Victoria PLC has been sounding out interest from new investors on a potential financing deal that would involve putting some assets out of reach of existing creditors, according to 9fin sources. The carpet and tiles company is seeking to raise roughly £185m of new money through a drop-down deal, in which it would move certain UK flooring assets with around £25m of EBITDA to an unrestricted subsidiary, sources said. Often referred to as “pulling a J.

Sep 3, 2024 | 9fin.com | Bianca Boorer |Teri Buhl

News and AnalysisBianca Boorer+Teri Buhl3 September 2024•5 min readUK telecom’s provider TalkTalk is looking to retranche its £1bn of senior secured debt into new first lien (1L) and second lien (2L) bonds and loans, sources told 9fin. A person familiar with the situation described it as a great deal, given the significant increase in the coupon compared with the outstanding bonds, and the much tighter documentation.

Aug 26, 2024 | 9fin.com | Michelle D'souza |Teri Buhl

News and Analysis Michelle D'Souza +Teri Buhl 27 August 2024•5 min read Sound Point Capital Management has agreed to pay a $1.8m civil penalty as it settled charges with the US Securities & Exchange Commission, over “failing to establish, maintain, and enforce written policies and procedures reasonably designed to prevent the misuse of material non-public information,” while trading CLOs. Sound Point, like many in the CLO industry, both manages and invests in CLOs. According to 9fin’s Q2 2024...