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Pandemic-Related Deal Litigation Highlights Buyer Leverage in Transactions Requiring Debt Financing

Cooley M&A

The decisions from the court on those preliminary matters, as well as the arguments raised by legal counsel, offer some valuable lessons for sellers considering sale transactions that require debt financing, and may motivate sellers to re-evaluate certain provisions and remedies that have become customary in those transactions.

Debt 40
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Public Finance 101: How Governments Manage Money

Peak Frameworks

The key components of public finance include tax policy, expenditure policy, debt policy, and fiscal policy, which includes adjusting the other components to affect macroeconomic variables. trillion in taxes in 2019, accounting for about 95% of the total federal revenue. As of the end of 2020, the US public debt surpassed $27 trillion.

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European Stability Mechanism

Wall Street Mojo

The European Stability Mechanism Board (ESM) operates as a financial backstop intergovernmental institution established in 2012 to combat the European sovereign debt crisis of 2009-2011 in euro member states. Greece faced severe economic challenges during the Eurozone debt crisis, and its financial stability was at risk.

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Covid-19 Impact on US Private Capital Raising Activity in 2020

InvestmentBank.com

As the world headed into the uncharted territory of a worldwide pandemic, investors in both debt and equity markets reacted to shifts and changing conditions in several interesting ways, and the lessons they learned and the actions they take this year will set the stage for everyone’s access to capital in the years to come.

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How the Growth of Private Credit is Impacting Private Equity

OfficeHours

The growth of private credit can be traced back to the Great Financial Crisis of 2008-2009. In particular, new guidelines from the FDIC and Federal Reserve (among other governmental agencies) made it more difficult for banks to underwrite financings that resulted in debt-to-EBITDA ratios in excess of 6.0x.

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Helicopter Money – How It May Save the Insurance Brokerage Business (and the Rest of the Economy)

Sica Fletcher

To give you some perspective on how draconian these numbers are, during the Great Recession of 2008/2009, GDP dropped by 4.3%; during the Great Depression, GDP dropped by about 30%. that’s exactly what we did from 2009-2014. already has massive debts, who will lend the government this money by buying all of these bonds?”

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The Wirecard Book

Bronte Capital

I do not agree with all of Dan's perspectives - or even some of the analysis - but it is a great story about bad accounting, worse sell side analysts and completely awful regulators. This was about 2009-2013. The accounts did not quite make sense. Whatever: just buy the book. It is really good fun. Calpers do not deserve that.