Mon.Jan 08, 2024

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Boosting Your Odds of Loan Approval

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A personal loan provides a flexible means of funding various types of expenses. These loans can range from a low amount of $600 to the six digits. Borrowers may use personal loans to subsidize medical bills, car repairs, wedding expenses, funeral costs, and home renovations. They may also use the money for other purposes, such as debt consolidation.

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Mangrove Weighs Bond Refi Instead of Thermal Solutions Sale

Reorg Blog

Mangrove, fka Galapagos, is weighing a return to the market to refinance its €356 million senior secured 2025 bonds. The group had put its Kelvion Thermal Solutions business up for sale last year and appointed Rothschild to run the process in order to fund the repayment of the bonds.

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Real Assets Outperform S&P 500 Consistently

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In the financial world, various investment options claim to yield unprecedented returns and outperform others over time. However, not all of them can stand the test of time and ensure consistent growth. One such lesser-known investment strategy, comprising real assets, has outperformed the S&P 500 for the past 30 years, without a single negative year.

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BREAKING: ReNew Raises ~INR 21B From REC

Reorg Blog

ReNew is planning to redeem around Jan. 11 the $325 million 5.375% bonds due April 2024 issued by India Green Energy Holdings, two sources close to the situation said. The company has raised around INR 21 billion ($252 million) from state-owned financier REC Ltd.

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Pfleiderer Underlying Earnings Slide as Pricing Starts to Crack

Reorg Blog

German engineered wood products group Pfleiderer’s earnings slide accelerated during the third quarter ended Sept. 30, 2023, as falling volumes started to impact pricing, which had been holding up until then. Underlying earnings - including lease payments and excluding gains from energy hedges that are set to roll off this year - dived 41% year over year and are expected to maintain their downward trend into 2024, causing leverage to peak when the group will need to refinance.

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Tear Sheet: Gemdale’s $480M Due’24s Partial Recovery

Reorg Blog

Gemdale’s only outstanding offshore note, the $480M Due’24s, has seen downward price volatility during the second half of 2023 following the chairman’s resignation and rating downgrade by Moody’s in October 2023, likely reflecting investors’ concerns about liquidity and uncertainty surrounding state-linked shareholders’ support.

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More Trending

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BREAKING: ReNew Raises ~INR 21B From REC to Back Early Redemption of $325M 5.375% Bonds Due April 2024

Reorg Blog

ReNew is planning to redeem around Jan. 11 the $325 million 5.375% bonds due April 2024 issued by India Green Energy Holdings, two sources close to the situation said. The company has raised around INR 21 billion ($252 million) from state-owned financier REC Ltd.

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Tear Sheet: Gemdale’s $480M Due’24s Partial Recovery Likely Reflects Deteriorating Liquidity, Uncertain Shareholder Support; ~CNY 27B Nov’23 Pro-forma Cash Covers ~78% Debts Due By Sep’24; Asset Sales, New Financings Vital; >CNY 9B Monthly Pre-Sales Required

Reorg Blog

The post Tear Sheet: Gemdale’s $480M Due’24s Partial Recovery Likely Reflects Deteriorating Liquidity, Uncertain Shareholder Support; ~CNY 27B Nov’23 Pro-forma Cash Covers ~78% Debts Due By Sep’24; Asset Sales, New Financings Vital; >CNY 9B Monthly Pre-Sales Required appeared first on Reorg.

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UPDATE 2: Adani Green to Raise ~INR 24B from Promoters in January; Receives $300M Investment from Total Energies, Ready to Set up Cash Collateral for Holdco Bond Due Sept.’24 from Proceeds

Reorg Blog

The post UPDATE 2: Adani Green to Raise ~INR 24B from Promoters in January; Receives $300M Investment from Total Energies, Ready to Set up Cash Collateral for Holdco Bond Due Sept.’24 from Proceeds appeared first on Reorg.

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Pfleiderer Underlying Earnings Slide as Pricing Starts to Crack; Special Sits Funds Hoover Up Bonds in Secondary Ahead of Expected A&E

Reorg Blog

The post Pfleiderer Underlying Earnings Slide as Pricing Starts to Crack; Special Sits Funds Hoover Up Bonds in Secondary Ahead of Expected A&E appeared first on Reorg.

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Litigation Coverage: UnitedHealthcare

Reorg Blog

Litigation Coverage: UnitedHealthcare Asks Texas State Court to Vacate $153M Radiology Partners Arbitration Award After Panel Bias Ruling.

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Audacy Prepares for Potential Chapter 11 Filing

Reorg Blog

Reorg reported that Americas second largest-radio broadcaster Audacy’s plans to file for bankruptcy. Learn more.

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Market Participants Express Nuanced Views on Hospitals in 2024; More Systems Decide to Pursue Bankruptcy as Business Tactic

Reorg Blog

The post Market Participants Express Nuanced Views on Hospitals in 2024; More Systems Decide to Pursue Bankruptcy as Business Tactic appeared first on Reorg.

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New Municipals Coverage: Marshfield Clinic Health System

Reorg Blog

New Municipals Coverage: Marshfield Clinic Health System, Essentia Health End Merger Talks; Marshfield ‘Exploring Additional Partnerships.

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Six Firms Tee Up Debut European CLOs for 2024

Reorg Blog

Hugh Minch Six firms in the process of launching CLO management businesses in Europe are lining up their debut transactions for 2024, which would bring the number of managers on the continent to 79, according to market sources.

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Americas Municipals Healthcare Industry Update

Reorg Blog

Americas Municipals Healthcare Industry Update: Market Participants Express Nuanced Views on Hospitals in 2024.

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New Coverage: Marshfield Clinic Health System, Essentia Health End Merger Talks; Marshfield ‘Exploring Additional Partnerships,’ Hires Financial Advisor

Reorg Blog

The post New Coverage: Marshfield Clinic Health System, Essentia Health End Merger Talks; Marshfield ‘Exploring Additional Partnerships,’ Hires Financial Advisor appeared first on Reorg.

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Mangrove Weighs Bond Refi Instead of Thermal Solutions Sale After Leverage Falls to 2x; Repays RCF Draws in Full on Robust Q4 Cash Generation

Reorg Blog

The post Mangrove Weighs Bond Refi Instead of Thermal Solutions Sale After Leverage Falls to 2x; Repays RCF Draws in Full on Robust Q4 Cash Generation appeared first on Reorg.

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Litigation Coverage: UnitedHealthcare Asks Texas State Court to Vacate $153M Radiology Partners Arbitration Award After Panel Bias Ruling

Reorg Blog

The post Litigation Coverage: UnitedHealthcare Asks Texas State Court to Vacate $153M Radiology Partners Arbitration Award After Panel Bias Ruling appeared first on Reorg.

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