Cooley M&A

SEPTEMBER 25, 2020

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. In other words, the specific performance remedy is conditional, and neither buyer nor the sponsor can be forced to close without the debt financing.

Debt Financing 40

Debt Financing Equity Finance Private Equity Firm 40

Benchmark Report

JULY 1, 2022

First, the financing needs to be raised with consideration of the company's operating cash flows. For example, if the business uses debt financing, it should have sufficient funds to cover the interest and repay the debt.

Debt Financing 52

Debt Financing Equity Financing Equity Banking 52

NYT M&A

APRIL 19, 2022

The world’s richest man is trying to shore up debt financing, including potentially taking out a loan against his shares of Tesla, so he can buy Twitter for $43 billion.

Debt Financing 83

Debt Financing Finance Mergers & Acquisitions Equity 83

Business Wire M&A

AUGUST 26, 2022

HOUSTON--(BUSINESS WIRE)--Stellus Capital Management, LLC (“Stellus”), a leader in middle market direct lending, announced today that its affiliates provided senior debt financing and an equity co-investment in support of Summit Park’s acquisition of Curion Holdings, LLC (“Curion” or the “Company”).

Debt Financing 52

Debt Financing Equity Marketability Finance 52

Business Wire M&A

JULY 26, 2022

HOUSTON--(BUSINESS WIRE)--Stellus Capital Management, LLC (“Stellus”) announced today that its affiliates provided senior debt financing and an equity co-investment in support of Bansk Group’s (“Bansk”) acquisition of amika and Eva NYC, two of the fastest-growing scaled independent haircare brands in the U.S.

Debt Financing 52

Debt Financing Equity Finance 52

Andrew Stolz

AUGUST 6, 2020

The optimal capital structure of a firm is the right combination of equity and debt financing. Debt financing may have the lowest cost, but having too much of it would increase risks to the shareholders. Cost of debt. Definition of Optimal Capital Structure.

Capital Structure 52

Capital Structure Debt Financing Equity Financing Marketability 52

Business Wire M&A

JULY 12, 2022

HOUSTON--(BUSINESS WIRE)--Stellus Capital Management, LLC (“Stellus”), a leader in middle market direct lending, announced today that its affiliates provided senior debt financing and an equity co-investment to support Blue Sage Capital’s (“Blue Sage”) acquisition of Baker Manufacturing Company, LLC (“Baker” or the “Company”).

Debt Financing 52

Debt Financing Equity Marketability Finance 52

Quantive

NOVEMBER 6, 2019

“What should business owners consider when taking on debt?” ” We’re talking about the ways small companies find debt financing and the terms and conditions they should be aware of with Jed Fochtman of Capital Advisors LLC.

Debt Financing 52

Debt Financing Finance 52

Quantive

NOVEMBER 6, 2019

“What should business owners consider when taking on debt?” ” We’re talking about the ways small companies find debt financing and the terms and conditions they should be aware of with Jed Fochtman of Capital Advisors LLC.

Debt Financing 52

Debt Financing Finance 52

Quantive

NOVEMBER 6, 2019

“What should business owners consider when taking on debt?” ” We’re talking about the ways small companies find debt financing and the terms and conditions they should be aware of with Jed Fochtman of Capital Advisors LLC.

Debt Financing 52

Debt Financing Finance 52

Quantive

NOVEMBER 6, 2019

“What should business owners consider when taking on debt?” ” We’re talking about the ways small companies find debt financing and the terms and conditions they should be aware of with Jed Fochtman of Capital Advisors LLC.

Debt Financing 52

Debt Financing Finance 52

Business Wire M&A

APRIL 26, 2022

The transaction, valued at around $50MM, closed with debt financing provided by Woodforest National Bank and BakerHostetler acting as lead counsel. DALLAS--(BUSINESS WIRE)--Surge Private Equity LLC (“Surge”) announces its investment in Bar Partners, Inc. (“Bar

Debt Financing 52

Debt Financing Banking Finance Equity 52

The Guardian M&A

APRIL 21, 2022

Tesla CEO is putting $21bn of his own money in the package, according to US watchdog filing Elon Musk has secured $46.5bn (£35.6bn) in financing to fund a possible hostile bid for Twitter and is putting up $21bn of his own money as part of the package.

Debt Financing 82

Debt Financing Finance Banking Equity 82

Benzinga

APRIL 23, 2022

million in debt financing to buy Twitter, Inc. The banks were apparently impressed by Musk's plan to increase Twitter's debt without taking the company's credit rating to junk levels, the report said, citing.

Debt Financing 83

Debt Financing Finance Banking 83

Andrew Stolz

AUGUST 6, 2020

The first proposition of the M&M says that the value of leveraged firms (capital structure with a mix of debt and equity) and unleveraged firms (capital structure with only equity) are the same. When debts increase in a company, there are more chances of going default.

Debt Financing 52

Debt Financing Capital Structure Equity Financing Marketability 52

Scott Mashuda

JUNE 22, 2022

THE CAPITAL STACK When it comes to deals, debt is cheaper than equity when it comes to deals. These layers, comprised of debt and equity, are the funding sources that go into making an acquisition. Fundamentally, debt and equity are functions of risk and reward within a capital stack.

Equity 77

Equity Debt Financing Finance Banking 77

Benzinga

JUNE 17, 2022

Sydney, June 17, 2022 (GLOBE NEWSWIRE) -- Proactive, provider of real-time news and video interviews on growth companies listed in Australia, has covered the following companies: Lake Resources NL ((ASX:LKE, OTCQB: LLKKF ) has appointed two leading project finance institutions, Citi and J.P. Morgan, as joint coordinators of the proposed debt finance package of its flagship Kachi Lithium Project in Argentina.

Debt Financing 40

Debt Financing Finance Marketability 40

Benzinga

MAY 19, 2022

Blackstone Credit and funds managed by Ares Management Corporation's Credit Group provided committed debt financing to the Permira funds. LEXINGTON, Mass., May 19, 2022 (GLOBE NEWSWIRE) -- Mimecast Limited ("Mimecast") today announced the completion of its acquisition by funds advised by Permira for approximately $5.8 billion or $80.00 per share in cash.

Debt Financing 40

Debt Financing Finance Technology Marketability 40

Class VI Partner

AUGUST 4, 2022

Another pressing question—how will the rising interest rate environment impact lenders’ willingness to stretch their debt multiples in a recessionary M&A market?

EBITDA 52

EBITDA Debt Financing Equity Finance 52

Benzinga

AUGUST 17, 2022

As a result of higher interest rates on debt financing compared to the time the transaction was originally announced in July 2021, as well as the impact of the current macroeconomic and inflationary environment on our business, MKS currently anticipates the acquisition will be accretive to Non-GAAP diluted net earnings per share for the full fiscal year 2024. Positions MKS to Optimize the Interconnect SM – the Next Frontier for Electronic Device Miniaturization and Complexity.

Debt Financing 40

Debt Financing Technology Finance Marketability 40

Cooley M&A

MAY 21, 2021

In reaching this order, the court applied the prevention doctrine, finding that the unavailability of buyer’s debt financing did not permit buyer to circumvent its obligation to close because buyer materially contributed to the debt financing being unavailable. As is typical in a leveraged buyout, the receipt of debt financing was a condition to seller’s right to obtain specific performance of buyer’s closing obligation.

Debt Financing 40

Debt Financing Finance Equity Private Equity Firm 40

Simply Treasury

AUGUST 2, 2022

The idea is not new to encourage companies to increase their capitalization and reduce their bank debt (partly through more recourse to the capital market - CMU project). DEBRA Proposal (« Debt-Equity Bias Reduction Allowance).

Treasury 52

Treasury Risk Premium Equity EBITDA 52

Brian DeChesare

MAY 4, 2022

Spotty Cash Flows: Twitter’s margins and cash flows have been highly inconsistent, and in the next two projected years, they do not cover the interest expense on the $25 billion in Transaction Debt (16x projected EBITDA!). 17:36: Part 4: Cash Flows and Debt Repayment.

EBITDA 78

EBITDA Debt Financing Finance Equity 78

Reynolds Holding

MAY 16, 2022

However, if reducing agency costs were the primary motive for repurchases, then repurchases would not have causal effects on investment and would not require debt financing, as other research shows (Almeida, Fos, and Kronlund, 2016; Farre-Mensa, Michaely, and Schmalz, 2021).

Dividends 56

Dividends Debt Financing Finance Marketability 56

Benzinga

JUNE 23, 2022

June 23, 2022 (GLOBE NEWSWIRE) -- Radius Health, Inc. ("Radius" or the "Company") (NASDAQ: RDUS ) today announced that it has entered into a definitive agreement to be acquired by Gurnet Point Capital ("Gurnet Point") and Patient Square Capital ("Patient Square") in a transaction valued at approximately $890 million, including the assumption of debt and assuming full payment of the CVR (Contingent Value Right).

Debt Financing 40

Debt Financing Finance 40

IT Valuations

MARCH 1, 2021

This is particularly important if the buyer is obtaining debt financing.). The wisdom you’ll receive from a great tax adviser will help the overall finances be the most efficient, as well as offer you cost savings. Like Goldilocks and her quest for the perfect bowl of porridge, the mythical “perfect fit” isn’t possible, but finding the “right fit” is very necessary. The “right fit” is a deeply personal definition.

EBITDA 40

EBITDA Debt Financing Specific Risk Finance 40

Equilest

SEPTEMBER 7, 2022

Here is the list: Debt: Debt is money a company has borrowed and must pay back with interest over time. The debt helps investors to understand how much the startup owes to banks and other lenders. . Convertible debt. Convertible debt is debt financing that can be turned into equity later. Convertible debt has clear rules about what conditions need to be met to turn the debt into equity.

Equity 40

Equity Debt Financing Banking Compliance 40

Benzinga

JUNE 16, 2022

Fully cash and debt-financed transaction; expect pro forma year-end 2022 leverage ratio around 3.5 The strength of Targa's standalone financial position has afforded us the flexibility to consider attractive opportunities to grow our business through acquisitions, as evidenced by our ability to finance the purchase of Lucid utilizing available cash and debt with estimated pro forma year-end 2022 leverage around 3.5

EBITDA 40

EBITDA Debt Financing Dividends Finance 40

FE International

DECEMBER 31, 2021

Debt-financed investors. A rarer breed but similar to ROI-focused investors, those parties using debt to acquire an internet business will usually have a ceiling valuation multiple in order to repay the principal and interest on their loan.

Weighted Average Cost of Capital 52

Weighted Average Cost of Capital Precedent Transaction Analysis EBIT EBITDA 52

Cooley M&A

DECEMBER 15, 2020

billion, a portion of which was to be funded with third-party debt. In February 2020, Mirae was close to executing a debt financing commitment when title issues were discovered by the lenders, suggesting that the target hotels were the subject of a larger fraudulent scheme perpetuated by “a shadowy and elusive figure named Hai Bin Zhou”.

Debt Financing 40

Debt Financing Specific Risk Finance Marketability 40

Cooley M&A

MAY 11, 2020

The return of the financing out? Once upon a time, it wasn’t unusual for buyers (particularly financial sponsors) to push for financing conditions that allowed them to back out of an announced deal if they used sufficient efforts to seek financing but came up short.

Finance 40

Finance Debt Financing Marketability Equity 40