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BitNile Holdings Obtains $14.7 Million in Secured Debt Financing to Support Private Equity Investment

Business Wire M&A

Million in Secured Debt Financing to Support Private Equity InvestmentLAS VEGAS--(BUSINESS WIRE) - $AP #Agora_Digital--BitNile Holdings Obtains $14.7

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Blackstone braves frigid debt financing market with $14bn Emerson unit deal

Financial Times M&A

Private equity firm teams up with sovereign wealth funds in buyout of US conglomerate’s climate tech arm

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Interfor Completes Acquisition of Chaleur Forest Products and Announces Additional Long Term Debt Financing

Benzinga

Interfor also announced today that it has priced US$200 million in additional long-term debt financing with Prudential Private Capital. The financing is expected to close in early December and the proceeds will be used to finance the Chaleur acquisition and for general corporate purposes. Following completion of the financing, Interfor's long-term debt will have a weighted average interest rate of 5.30% with laddered maturities principally spanning 2024-2033.

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

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What Are M&A Sources of Capital?

Benchmark Report

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.

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How Elon Musk's U-Turn On Twitter Deal Could Leave Wall Street Banks That Pledged Financing Choking On Debt

Benzinga

NASDAQ: TSLA ) and Twitter, it could pose a headache for the banks that have given financing commitment , reported Bloomberg. debt financing with the intention of selling most of it.

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NineDot Energy Secures $85 Million Construction-to-Term Debt Facility

Business Wire M&A

NEW YORK--(BUSINESS WIRE)--NineDot Energy receives debt financing to support the development of eleven (11) community battery storage sites in and around New York City

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What Is Optimal Capital Structure?

Andrew Stolz

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.

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Surge PE Closes Legal Tech-Enabled Services Platform Avalon

Business Wire M&A

The transaction, valued at around $36MM, closed with debt financing provided by Woodforest National Bank’s TMT team and BakerHostetler acti

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Stellus Capital Management, LLC Provides Unitranche Financing in Support of Summit Park’s Acquisition of Curion

Business Wire M&A

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”).

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Episode #9: Interview with Jed Fochtman | Part 1

Quantive

“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.

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Episode #9: Interview with Jed Fochtman | Part 2

Quantive

“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.

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Episode #9: Interview with Jed Fochtman | Part 3

Quantive

“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.

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Episode #9: Interview with Jed Fochtman | Part 4

Quantive

“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.

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Stellus Capital Management, LLC Provides Unitranche Financing in Support of Bansk Group’s Acquisition of amika and Eva NYC

Business Wire M&A

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.

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Stellus Capital Management, LLC Provides Unitranche Financing in Support of Blue Sage Capital’s Acquisition of Baker Manufacturing Company, LLC.

Business Wire M&A

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”).

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What is The Outlook For Capital Markets in 2022?

Benchmark Report

This takes the form of equity and debt financing of non-financial companies. Capital markets facilitate debt issuance, which tends to be a less restrictive form of borrowing for businesses.

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Surge Closes Amuze Products and Bar Partners Merger

Business Wire M&A

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

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Elon Musk secures $46.5bn to fund possible hostile bid for Twitter

The Guardian M&A

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.

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Advantage Elon Musk? How Delay In Twitter Trial Could Benefit Tesla CEO

Benzinga

The postponement of the trial date gives Musk more time to get the financing together, Black said. Yields on bonds have shot up, creating distress in the credit market, which, in turn, has made it difficult for banks that have promised debt financing to resell the debt.

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What is the Modigliani–Miller Theorem?

Andrew Stolz

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.

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How Elon Musk Managed to Convince Banks For Financing Proposed Twitter Deal?

Benzinga

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.

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Proactive news headlines including International Graphite, Aeris Resources, Altech Chemicals and Taiton Resources

Benzinga

Click here Recce Pharmaceuticals Ltd ((ASX:RCE, OTC: RECEF ) has boosted its finances by A$6,219,241 after receiving two research and development (R&D) rebates. Click here Queensland Pacific Metals Ltd (ASX:QPM) has made strong debt financing progress targeting international export credit agencies and other government-backed lenders for its TECH Project in northern Australia. Sydney, Jan.

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ESOP: ALTERNATIVE TO A SALE?

The Mentor Group

Sellers often seller-finance a portion of the purchase price, especially to fill the void when bank credit is lacking. This seller financing is at a market level return, usually plus warrants. Company gets full tax deduction of interest and principal for outside institution debt financing the purchase. For most companies contemplating some form of seller exit, an ESOP is often discussed as an alternative strategy.

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Modigliani-Miller Theorem - is it Any Good For Business Valuation?

Equilest

The Modigliani-Miller theorem is a fundamental principle in finance that . Their work was groundbreaking at the time and has had a lasting impact on finance. The Modigliani-Miller theorem has been widely studied and has significantly impacted finance. It is often used as a benchmark for evaluating the financial decisions of firms and has been influential in shaping how firms approach financing and capital structure. . . Interest payments on debt are tax-deductible.

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What Startups Need to Know About Seeking Financing During the Pandemic

Lighter Capital

For many, that means securing financing that will help to maintain business continuity today and also extend to future planning. . The pressure’s on, but this is not the time to rush blindly into a financing deal that may not be advantageous for you or your company. . Startup Finance

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Debt Covenants Explained: A Guide for Startups

Lighter Capital

These promises, known as loan or debt covenants , can be as simple as, “I agree to be profitable,” meaning you have to be positive net income; or covenants can be very specific like, “I promise to maintain a minimum of $100,000 cash on hand at all times.” What is a debt covenant?

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Funding a Deal: The Capital Stack Explained

Scott Mashuda

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.

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Proactive news headlines including Lake Resources, Wiluna Mining Corporation, Kazia Therapeutics and Artrya Ltd

Benzinga

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.

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Permira Completes Acquisition of Mimecast

Benzinga

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.

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Sell Your Business to Employees

Sun Acquisitions

Discussions as to the repayment period and how the deal will be financed are then entered upon. One of the major stumbling blocks for employees keen to purchase a business is a lack of financing. The business is plunged into debt. How do you sell your business to employees?

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Have Your Cake, and Closing Too: Invoking Prevention Doctrine, Delaware Chancery Court Grants Seller’s Request for Specific Performance in COVID-Related M&A Dispute

Cooley M&A

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.

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What This Recession Means for M&A

Class VI Partner

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

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Cleary Gottlieb Discusses Change Healthcare Decision’s Implications for PE Sponsors

Reynolds Holding

At trial, the plaintiffs suggested that TPG’s debt financing plans raised concerns, but the Court did not find this to be significant. Any financing-related or other non-standard conditionality might create risk that a court would find the divestiture insufficiently likely to close. Biden-appointed antitrust officials have asserted, unfairly in our view, that private equity firms deserve heightened scrutiny when they engage in corporate transactions.

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MKS Instruments Announces Closing of Atotech Acquisition

Benzinga

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.

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The Twitter Buyout: Is Elon Musk a Madman or a Genius?

Brian DeChesare

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.

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DEBRA, next big tax reform in Europe?

Simply Treasury

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).

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The Causes and Consequences of Repurchasing Shares

Reynolds Holding

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).

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How to Find a Technology Services Firm to Buy: I Can’t Find the “Right Fit” to Acquire

IT Valuations

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.

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Radius Health Announces Agreement to be Acquired by Gurnet Point Capital and Patient Square Capital

Benzinga

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).

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The Corporate Tax Burden: Facts and Fiction

Musings on Markets

For instance, the 2017 US tax reform act, in addition to lowering the corporate tax rate, also changed the way that foreign income to US companies was taxed and put limits on the tax deductibility of debt. Debt Taxes and value

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Exclusive: M&A Expert Julian Klymochko Says This Was 'The Dagger' To Elon Musk's Case Against Twitter

Benzinga

All conditions have been satisfied and debt financing is committed. Big news came out Tuesday that Tesla Inc (NASDAQ: TSLA ) CEO Elon Musk has had a change of heart and submitted a renewed offer to acquire social media platform Twitter Inc (NYSE: TWTR ) at the original $54.20

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Altra Industrial Motion Corp. Announces Acquisition By Regal Rexnord Corporation

Benzinga

Regal Rexnord has fully committed debt financing and there are no financing conditions associated with the transaction. The Company ended the quarter with total gross debt of $1.06 billion and net debt* of approximately $860 million. BRAINTREE, Mass., 27, 2022 (GLOBE NEWSWIRE) -- Altra Industrial Motion Corp.