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MGM increases debt capital to $2.5 billion

Metro-Goldwyn-Mayer Inc. has enhanced its debt capital structure to $2.5 billion. The new facility is composed of a $1.7 billion five-year revolving credit facility, a new $400 million seven-year term loan and a new eight-year second lien term lo.....»»

Category: topSource: bizjournalsJul 11th, 2018

Baltimore among 10 cities with largest increases in student loan debt

Among the most heavily populated U.S. cities, Baltimore has the 10th highest increase of collective student loan debt over the past 10 years. Baltimore student debt increased from $5.9 billion to $14.5 billion between 2008 and 2018, according to a ne.....»»

Category: topSource: bizjournalsJan 18th, 2019

Carlyle nearing deal to buy StandardAero for more than $5 billion: sources

Private equity firm Carlyle Group LP is nearing a deal to acquire aviation services company StandardAero from Veritas Capital, another buyout firm, for more than $5 billion, including debt, people familiar with the matter said on Monday......»»

Category: topSource: reutersDec 17th, 2018

Exxon Mobil decreases debt, eyes acquisitions in these areas

Irving, Texas-based Exxon Mobil Corp. (NYSE: XOM) spent $6.6 billion in capital expenditures and decreased debt by $1.2 billion during the third quarter. That was driven in part by significant growth in the company’s Permian Basin production, where .....»»

Category: topSource: bizjournalsNov 2nd, 2018

Teen Discount Jewelry Favorite Claire’s Emerges From Chapter 11 Bankruptcy

Claire's has eliminated $1.9 billion of debt and received $575 million in new capital. Discount jewelry.....»»

Category: europeSource: fortuneOct 15th, 2018

U.S. household debt rises to $13.3 trillion in second quarter

Americans' borrowing reached $13.29 trillion in the second quarter, up $454 billion from a year ago, marking a 16th consecutive quarter of increases, a New York Federal Reserve report released on Tuesday showed......»»

Category: topSource: moneycentralAug 14th, 2018

GE to Sell Energy Debt Finance Business

General Electric has struck a deal to sell another part of GE Capital, this time selling its energy debt financing business to Starwood Property Trust for $2.56 billion......»»

Category: smallbizSource: wsjAug 8th, 2018

Tesla will tap local debt to fund $2 billion Shanghai Gigafactory: Musk

Tesla Inc said on Wednesday that it would raise capital from Asian debt markets to fund the construction of its third "Gigafactory," which will be located in Shanghai and cost an approximate $2 billion......»»

Category: topSource: reutersAug 1st, 2018

US Debt Sales To Surge: Treasury Raises 2018 Borrowing Need To $1.33 Trillion

America's funding needs are starting to grow at a dangerous pace. Even before the NYT reported of Trump's startling suggestion of a further $100 billion tax cut in the form of an inflation-adjusted capital gains tax cost basis which mostly benefits.....»»

Category: blogSource: zerohedgeJul 30th, 2018

Charlotte"s Capitala Group looks to fill a void with $1B for senior debt investments, strategy shift

Charlotte-based Capitala Group has raised $1 billion to invest in low- to middle-market companies. The funding boosts Capitala's managed capital by nearly 60%, bringing the total to $2.7 billion......»»

Category: topSource: bizjournalsApr 27th, 2018

WeWork has no trouble raising $702 million in debt financing

WeWork, which has raised nearly $7 billion in private-equity and venture capital funding since its 2010 founding, has just raised an additional $702 million in debt financing. The sale of the... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkApr 26th, 2018

Bill Gates: Best Option For Soaking The Rich Would Be Hiking Capital Gains Tax

As the growth of the national debt (which, as we've repeatedly pointed out, eclipsed $22 trillion last week) accelerates, and America's ascendant Democratic Socialists like Alexandria Ocasio-Cortez.....»»

Category: blogSource: zerohedge4 hr. 51 min. ago

$166 Billion In Student Debt Is Now Officially Delinquent

According to the Federal Reserve Bank of New York's latest quarterly household debt report, student loan delinquencies surged last year, up to $166.4 billion in the fourth quarter. The report.....»»

Category: blogSource: zerohedge14 hr. 6 min. ago

US student debt in ‘serious delinquency’ tops $166 billion

Student-loan delinquencies surged last year, hitting consecutive records of $166.3 billion in the third quarter and $166.4 billion in the fourth......»»

Category: topSource: moneycentralFeb 17th, 2019

What Happens When More QE Fails To Reverse The Recession?

Authored by Charles Hugh Smith via OfTwoMinds blog, The smart money is liquidating assets, paying off debt and moving capital into collateral that isn't impaired by debt or speculative valuations. The Federal Reserve's sudden return to "ac.....»»

Category: blogSource: zerohedgeFeb 16th, 2019

Mexico will do whatever it takes to prevent Pemex downgrade

Mexico will inject $3.6 billion into ailing state-owned oil company Pemex, including by reducing taxes and refinancing debt, officials said on Friday, promising to do whatever it takes to strengthen its finances and prevent a further credit downgrade......»»

Category: topSource: reutersFeb 15th, 2019

Mexico to pump $3.6 billion to relieve ailing Pemex, more if needed

Mexico will inject $3.6 billion into ailing state-owned oil company Pemex, including by reducing taxes and refinancing debt, officials said Friday, promising to do "whatever is takes" to strengthen its finances and prevent a further credit downgrade......»»

Category: topSource: reutersFeb 15th, 2019

Meet CMIG, the Chinese Group Dicing With Default

Another acquisitive Chinese company is wobbling. Less than five years old, China Minsheng Investment Group Corp. has spent more than $4 billion on investments and amassed $34 billion of debt, but recently almost failed to make a bond repayment. CMI.....»»

Category: topSource: washpostFeb 14th, 2019

Slim"s America Movil eyes technology and fiber capex this year

America Movil will spend $8.5 billion on capital expenditures in 2019, the company's executives said on a call with investors on Wednesday......»»

Category: topSource: reutersFeb 13th, 2019

SoftBank Invests $940 Million in Nuro for Driverless Deliveries

SoftBank is investing nearly $1 billion in a robotic-delivery vehicle startup, a hefty injection of capital that could help accelerate the race to put driverless vehicles on the road......»»

Category: smallbizSource: wsjFeb 12th, 2019

How a 27-year-old CEO built a $1B fashion startup

Zilingo Pte’s path to becoming a fashion platform with a valuation approaching $1 billion began in December 2014 when Ankiti Bose, then an analyst at Sequoia India, chatted with a neighbor at a house party in the Indian tech capital Bengaluru......»»

Category: topSource: moneycentralFeb 12th, 2019