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Pluralsight Change of Control Transaction - The Tip of the Private Credit Iceberg?

JD Supra: Mergers

The growth in private credit (lending by institutions other than banks) has been one of the most significant capital market developments of the last decade. trillion by 2028. It is estimated that the size of the private credit market was approximately $1.5 trillion at the start of 2024 and could grow to approximately $2.8 By: Goodwin

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Cansortium Inc. Completes New Senior Secured Credit Agreement Ahead of Planned Business Combination Closing with RIV Capital

Global Newswire by Notified: M&A

The Credit Agreement bears a cash interest rate of 12.00% per annum and paid-in-kind (PIK) interest of 1.00% per annum, and is due to mature on November 26, 2028.

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Cable specialist Nexans positions for demand surge, boosts shares

Global Banking & Finance

By Nathan Vifflin (Reuters) – French power and data cable specialist Nexans released revised financial guidance for 2028 and a roadmap to benefit from surging demand, boosting its shares on Wednesday.

Shares 52
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CME Group expands Google Cloud partnership to launch new futures and options platform

The TRADE

According to the businesses the specialised platform for capital markets is an industry first, with development already underway beginning with customer testing in the Dallas Google Cloud region.

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US regulators unveil highly anticipated capital requirements with significant hikes proposed for largest banks

The TRADE

US regulators have unveiled major new capital rules for lenders which is expected to see requirements for Global Systemically Important Banks (G-SIBs) increase by 19% and have a knock-on effect to trading and lending activities. The comment period for the proposal will conclude 30 November 2023.

Capital 52
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Exit Planning Through an Investment Banker’s Lens

Focus Investment Banking

If your goal is full retirement by 2030, plan to sell by 2028 or 2029. Optimize Working Capital (One Year Ahead) What It Is: Net Working Capital (NWC) is Current assets minus current liabilities (A/R + Inventory A/P + Accrued Expenses), excluding cash, which you keep (in a typical cash-free, debt-free transaction).

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Air taxi firm Vertical says Mudrick to convert some notes to equity, extend repayment deadline

Global Banking & Finance

By Abhijith Ganapavaram (Reuters) -UK-based Vertical Aerospace said on Monday that investor Mudrick Capital has agreed to convert half of its outstanding convertible debt to equity and extend the repayment date on the remainder to December 2028, providing the cash-strapped air-taxi maker with financial breathing room.