Law 360 M&A

DECEMBER 6, 2023

A lender to bankrupt mortgage provider AmeriFirst Financial Inc. told the Delaware bankruptcy court a proposed lawsuit from the unsecured creditors committee is rehashing "baseless claims."

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Benzinga

JUNE 24, 2022

Barclays PLC (NYSE: BCS ) extends its reach in Britain's housing market with the acquisition of specialist lender Kensington Mortgage Company for 2.3 billion pounds ($2.8 billion), reported Reuters. Kensington is being sold by its private equity owners, Blackstone Inc (NYSE: BX ) and Sixth Street. The deal would.

Marketability 98

Marketability Equity 98

Harvard Corporate Governance

FEBRUARY 12, 2024

Posted by Buhui Qiu (University of Sydney), on Monday, February 12, 2024 Editor's Note: Buhui Qiu is Professor of Business and Finance and Director of Doctoral Studies at the University of Sydney Business School. This post is based on a working paper by Iftekhar Hasan , Haekwon Lee , Professor Qiu, and Anthony Saunders.

Finance 115

Finance 115

Law 360 M&A

MARCH 1, 2023

Axis Bank, an Indian private lender, has bought Citigroup's consumer banking business in the country for $1.4 billion, the companies said on Wednesday, to help the U.S. giant exit the local retail market.

Banking 52

Banking Marketability 52

Law 360 M&A

MAY 18, 2023

A New York federal judge approved embattled crypto lender Voyager Digital's plan to liquidate its business on Thursday, marking the close of a bankruptcy process that previously saw two proposed restructuring deals fall through.

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Law 360 M&A

MAY 6, 2022

are asking a Texas judge to reject the company's proposed Chapter 11 financing and plan disclosure, saying the company's secured lenders have had too much control over the process. Unsecured creditors of offshore drilling support company Ion Geophysical Corp.

Finance 52

Finance 52

Law 360 M&A

JUNE 22, 2023

Vice Media told a New York bankruptcy judge Thursday that a Fortress Investment Group-led lender consortium's recently upped $350 million stalking horse credit bid had been the only qualified offer for its assets in its Chapter 11 case.

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Law 360 M&A

FEBRUARY 24, 2023

As high-profile companies fight a two-front war against rising interest rates and inflationary pressures, it is important for secured lenders to understand the implications of going-concern qualifications under applicable loan agreements, which may or may not result in an event of default, say attorneys at King & Spalding.

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Financial Times M&A

APRIL 11, 2024

Castlelake’s aircraft leasing focus fits private capital industry’s interest in asset-backed debts

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Financial Analyst Insider

NOVEMBER 11, 2022

The post 9 Things a Lender Cannot Consider Before Giving You a Loan appeared first on Financial Analyst Insider. When money’s tight, one tiny, unexpected expense has the power to topple your budget. So, like many people in similar positions, you look into short.

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Law 360 M&A

DECEMBER 2, 2022

Rising interest rates forced a reverse mortgage lender into Chapter 11, cryptocurrency platform BockFi succumbed to the downfall of exchange FTX Trading, and FTX itself faced calls for an examination of its collapse. This is the week in bankruptcy.

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Law 360 M&A

NOVEMBER 1, 2022

Prepetition lenders of makeup giant Revlon Inc. accused the company and other secured lenders of stripping away valuable intellectual property assets to move them out of reach of the suing lenders before commencing a Chapter 11 case.

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Private Debt Investor

APRIL 4, 2022

ELFA finds ways in which borrowers are hiding financial problems from lenders. Plus: Hamilton Lane is at the forefront of the tokenisation trend and the female-led venture debt firm winning support from a UK LP. Here's today's brief for our valued subscribers only.

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Benzinga

DECEMBER 19, 2022

made a deal to buy the assets of the insolvent crypto lender for $1.02 Voyager Digital’s native token (CRYPTO: VGX ) is up 23% in the last 24 hours after Binance.US What Happened : At the time of writing, VGX was trading at $0.35, with a market cap of $104 million. Apex crypto Bitcoin (CRYPTO: BTC ) was trading at $16,608 up 0.19%.

Marketability 52

Marketability 52

Midstreet Blog

MAY 4, 2022

The process of buying a business has a couple of major milestones: identifying the business, signing the LOI, getting a term sheet from a lender, the commitment letter, and ultimately closing.

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Law 360 M&A

OCTOBER 19, 2022

Rising oil and gas prices have yet to thaw the chilly environment for new investment, as lenders grapple with both increased scrutiny over financing oil and gas development and the painful memories of previous downturns.

Finance 40

Finance 40

Law 360 M&A

MARCH 27, 2024

Marketing firm Troika Media Group Inc. is set to exit bankruptcy before the end of the month after a New York bankruptcy judge Wednesday said he would approve its Chapter 11 plan to sell itself as a going concern and settle pre-bankruptcy legal disputes.

Marketability 52

Marketability 52

Business Wire M&A

APRIL 3, 2023

(NASDAQ: SOFI), a member-centric, one-stop shop for digital financial services that helps members borrow, save, spend, invest and protect their money, announced that it has acquired Wyndham Capital Mortgage, a leading fintech mortgage lender in an all cash transaction. The acquisition – whic

Technology 52

Technology 52

Financial Times M&A

DECEMBER 14, 2023

Banks are facing serious losses on the debt as social media platform’s business deteriorates

Banking 111

Banking 111

Law 360 M&A

FEBRUARY 6, 2023

Bankrupt cryptocurrency lender Genesis agreed Monday to the sale of its sister trading firm, the equitization of a $1.1

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Financial Times M&A

OCTOBER 17, 2023

Ailing company says deal would deliver ‘some small value’ to shareholders after it halted lending this year

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Appraisers Blog

APRIL 18, 2024

When the lender uses an AUS that is not the lender’s own system or a system directly/indirectly owned by the lender, the lender may collect from the borrower the underwriting fee charged to the lender by the AUS. The lender can collect only one AUS underwriting fee from the borrower. In reply to Baggins.

Appraisal 75

Appraisal 75

Law 360 M&A

JUNE 2, 2022

The owner of a Texas power generating plant received approval to access the cash of its secured lenders Thursday when a Delaware judge said the money is needed to keep operations going and preserve the value of its assets ahead of a Chapter 11 sale.

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Benzinga

MAY 4, 2023

NASDAQ: SGMA ), an electronic manufacturing services provider ("EMS") ("Company"), today announced that on April 28, 2023, it reached an agreement with its secured lenders going forward and sold a majority position of its wholly owned subsidiary, Wagz, Inc. and TCW Asset Management Company, as Administrative Agent ("Secured Lenders").

Compliance 40

Compliance Banking Marketability 40

Law 360 M&A

DECEMBER 5, 2023

A Delaware bankruptcy judge Tuesday said she will approve Sunlight Financial Holding's prepackaged Chapter 11 sale plan just over a month after the solar power financing company filed for bankruptcy.

Finance 52

Finance 52

Benzinga

DECEMBER 30, 2022

The chances of Toshiba Corp's (OTC: TOSYY ) preferred bidder securing letters of commitment from banks are unlikely by year-end as disputes over lending terms persist after months of negotiations. A consortium led by Japan Industrial Partners Inc explored bank financing totaling ¥1.4 trillion ($10.6 billion) to take Toshiba private.

Banking 98

Banking Finance 98

Appraisers Blog

APRIL 18, 2024

Per the article: ‘a $29 “Lender QC Fee” would be added to all new appraisal orders.’ ’ The ‘lender QC fee’ falls where in consumer fee disclosure requirements? Sadly, pass the cost of what used to be lender side cost of doing business back to the consumer. In reply to Larry Fuller.

Appraisal 82

Appraisal Technology 82

Financial Times M&A

MAY 4, 2023

TD ditches acquisition because of ‘uncertainty’ over regulatory approval

Banking 91

Banking 91

Appraisers Blog

FEBRUARY 18, 2024

In Fannie Mae’s Lender Letter LL-2015-02, it states, “The risk analysis performed by CU is for the exclusive use by the lender in their analysis of the appraisal report. After completing a thorough review, a lender should be able to have constructive dialogue with the appraiser to resolve specific appraisal questions or concerns.”

Appraisal 80

Appraisal 80

Law 360 M&A

MARCH 30, 2023

The Federal Home Loan Bank system, a 90-year-old framework tasked with ensuring liquidity in mortgage lending, is under fire for its supposed role in providing under-the-radar financing to three recently collapsed banks, helping them hide their brewing troubles for far too long.

Banking 52

Banking Finance 52

Financial Times M&A

JULY 25, 2023

News, analysis and comment from the Financial Times, the worldʼs leading global business publication

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Appraisers Blog

FEBRUARY 1, 2024

The Interagency Appraisal and Evaluation Guidelines clearly state that the AMC is an agent of the bank/lender. And, the bank/lender is responsible for ensuring any 3rd party vendor they use for ordering appraisals complies with all federal laws. Essentially, both Lender/AMC are responsible for the AMCs actions and all violations.

Banking 98

Banking Appraisal Marketability 98

Appraisers Blog

FEBRUARY 3, 2024

The lenders think they can do it better! THE LENDERS! Similarly, why does USPAP look nothing like it did 15 years ago – THE LENDERS. Why do you suppose the Appraisal Foundation is OK with “desktops” THE LENDERS! Hello Appraisalport! Who do you suppose is pushing hard to cut appraisal fees in half.

Appraisal 98

Appraisal 98

National Law Review M&A

MAY 24, 2022

Cadwalader, Wickersham & Taft LLP Jurisdiction: United Kingdom Type of Law: Litigation / Trial Practice Corporate & Business Organizations Financial Institutions & Banking Global Mergers & Acquisitions Utilities & Transport

Banking 76

Banking 76

Appraisers Blog

APRIL 12, 2024

The remediation of the AMC’s by the lender is real thing. Even realtors to specific lenders (locally) have threated no future business if you don’t remove a specific appraiser. Also, I’ve been using ‘Updated landscaping’ with specifics for xeriscape and newer yard improvements.

Appraisal 80

Appraisal 80

Reynolds Holding

MARCH 20, 2024

Traditionally, senior lenders have wielded all the control in bankruptcy and out-of-court restructurings. Meanwhile, modern debt instruments often contain covenants that give lenders control over the debtor’s business and financial decisions. Instead, these clauses require collective action for the enforcement of remedies.

Capital Structure 59

Capital Structure Marketability 59

NYT M&A

MARCH 16, 2024

The main lender for SaltWire, which owns most of the region’s legacy newspapers outside New Brunswick, has moved to dissolve the publisher.

Mergers & Acquisitions 122

Mergers & Acquisitions 122