Dubai: Tabby, the Gulf “Buy Now Pay Later” fintech, has secured $150 million in debt financing from Atalaya Capital Management and existing investor Partners for Growth (PFG). It is the largest secured credit facility by a fintech in the GCC to date and follows Tabby’s Series B expansion earlier this year. The portal, which provides […]
ISLAMABAD: Despite the loss of foreign exchange reserves and the “pressure” on the national currency, the country will not “default” on its external debt, according to the Pakistani Minister of Finance, Miftah Ismail. The price of the Pakistani rupee hit a record low of 232.92 against the US dollar at the end of Tuesday’s session. […]
Standard Bank Group has announced that it has successfully completed a R5 billion debt financing program for open access fiber provider MetroFibre Networx, to support its ambitious fiber optic data network rollout across South Africa. South. According to a statement, the funding will be used to extend MetroFibre’s fiber connectivity to homes and businesses in […]
By Tracey Read (July 19, 2022, 3:39 p.m. EDT) — Kirkland & Ellis LLP has hired a debt financing group partner who has worked on some of the most sophisticated distressed transactions in history, the LLP announced Tuesday. society. Austin Witt will be based in the New York office and will join Kirkland from Paul […]
The huge sum spent on the fuel subsidy payment is limiting the Federal Government’s ability to repay its debt of more than 40 billion naira, said Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed. Nigeria’s debt position worsened in the first quarter of this year, with the country’s debt stock rising by N2.04 […]
Jared Joyce Schleimer Partner Energy, Power New York Jared advises lenders and sponsors on major power, energy and infrastructure, renewable energy and climate finance transactions at all stages of the project lifecycle. Jared’s practice focuses on financing a wide range of domestic and cross-border power, energy and infrastructure, satellite, telecommunications and transportation projects, including development […]
Finance Minister Ibrahim Ameer said there was no risk for the Maldives to repay its debt. The Minister made the statement to Parliament’s Economic Committee on Thursday, while briefing the committee on the proposed amendment to the Tourism Law to reduce land rent imposed on seaside resorts. The government withdrew the amendment on Wednesday after […]
Karbon Card, a start-up providing corporate cards and an emerging neobank for new era start-ups and small and medium enterprises, has raised Rs 55 crore in a debt financing round from Northern Arc Capital, UC Inclusive Credit (UCIC) and Oxyzo Financial Services. Bengaluru-based UCIC, incubated by Unitus Capital, is an impact-focused non-bank finance company registered […]
Karbon Card Raises INR 55 Crore in Debt Funding By Leandra Monteiro Karbon Card (Karbon), India’s largest and fastest growing corporate card provider and an emerging neobank for new-era start-ups and SMEs, has raised INR 55 crore as part of of a debt financing round from Northern Arc Capital, UC Inclusive Credit Private Limited and […]
Karbon Card, a fintech company specializing in corporate cards, has raised Rs 55 crore in a debt financing round from Northern Arc Capital, UC Inclusive Credit Private Limited and Oxyzo Financial Services. UCIC, incubated by Unitus Capital, is an impact-focused non-bank finance company registered with Reserve , while Oxyzo is the lending arm of OfBusiness […]
STEPS was one of the first companies to benefit from the fund. Pictured, left to right, STEPS founders Toria Chan and Jules Leahy with British Business Bank’s Sean Hutchinson. From left to right, client Ian Trundle, STEPS President Ray Boulger and Pete Sorsby of Mercia. NOTPIF – Mercia Debt Finance, which is managed by Mercia […]
A FUND which provides debt finance to businesses in Yorkshire has lent more than £50million since its launch five years ago. NPIF – Mercia Debt Finance has provided loans to almost 200 businesses, including several in York, and helped attract a further £31m in private sector co-investment. A wide range of companies, from manufacturers to […]
DR CLARKE… now is not the time to give up but the time to differentiate (Photo: Garfield Robinson) …says Jamaica can’t afford a third debt restructuring As the country seeks to recover from the fallout caused by the novel coronavirus pandemic, Finance Minister Dr Nigel Clarke has reiterated the need for the government to conduct […]
Pictured: (Rear LR) Toria Chan and Jules Leahy, founders of STEPS, with British Business Bank’s Sean Hutchinson. (Before LR) Ian Trundle, STEPS Chairman Ray Boulger and Pete Sorsby of Mercia Lending for NPIF – Mercia Debt Finance, which is managed by Mercia and is part of the Northern Powerhouse Investment Fund (NPIF), has topped £50m […]
Carlos Dominguez, Secretary of Finance of the Philippines, poses for a photo following a Bloomberg Television interview on the sidelines of the International Monetary Fund (IMF) and World Bank Group Annual Meetings in Nusa Dua, Bali, Indonesia, Thursday, October 11. , 2018. Dominguez said the economy is likely to grow 6.5% this year as strong […]
Cordiant Digital Infrastructure updated investors on its acquisition of Emitel, operational performance of CRA, sales progress at DataGryd and an update on its pipeline. Emitel Emitel is a multi-asset digital infrastructure company based in Poland. It operates a network of communications towers, fiber optics and a nationwide sensor network, serving major utilities. Cordiant Digital has […]
SAN DIEGO–(BUSINESS WIRE)–$EDVR #bankendeavor–Endeavor Bancorp, a wholly owned subsidiary of Endeavor Bank (“Bank”) (OTC Pink: EDVR), announced today that it has successfully issued $15,000,000 of subordinated debt under a institutional private placement. Performance Trust Capital Partners, LLC acted as placement agent. Breakwater Law Group, LLP acted as counsel to Endeavor Bancorp, and Hunton Andrews Kurth […]
40 Tesla Megapack units will be used at the Bouldercombe site. Picture: Tesla. Genex Power has received credit approvals on a A$35 million (US$25.26 million) debt financing facility for its 50 MW Bouldercombe Battery Energy Storage (BESS) Project/ 100 MWh in Queensland, Australia. The renewable energy and energy storage developer said in an announcement to […]
Husk Power Systems, the leader in rural clean energy services in Africa and Asia and operator of the largest fleet of community solar micro-grids in India, has successfully closed a debt financing of INR 310 million (4 .2 million) from the Indian Renewable Energy Development Agency (IREDA) Ltd. The innovation of Husk Nigeria In addition […]
By: Staff Report February 17, 2022 Armstrong Teasdale has appointed St. Louis partner John G. Willard to lead its debt financing practice, formerly known as the financial services practice. Enter your username and password in the fields above to access subscriber content on this site. Your subscription includes a set of login credentials for your […]
The Bihar-based rural clean energy service provider has received $4 million from the Indian Renewable Energy Development Agency (IREDA) to construct 140 micro-grids in the states of Uttar Pradesh and Bihar . February 17, 2022 Uma Gupta Husk Power Systems, a rural clean energy service provider in Africa and Asia and operator of the largest […]
Former shipping banker Ronny Bjornadal has agreed to join the board of Norwegian zero-emission cruise company Northern Xplorer AS (NX) with immediate effect. With over 25 years of experience in shipping banking, including strong exposure to the cruise industry, Bjornadal will take on an active role as executive director with a particular focus on debt […]
By Matt Perez (February 7, 2022, 2:02 PM EST) – Kirkland & Ellis LLP on Friday announced the hiring of two Norton Rose Fulbright debt financing partners in its New York office. Robert Eberhardt and William Nicholson, both former Norton Rose Fulbright partners in New York, joined Kirkland & Ellis’ debt financing practice last week. […]
By Modupe Gbadeyanka The Lagos State Government has clarified that the new consolidated daily tax N800 on the informal transport sector in the state is a structure put in place to reduce multiple taxes, fees and levies for all state government officials and local. On Tuesday, the Finance Commissioner, Mr. Rabiu Olowo, at a ceremony […]
DUBLIN–(BUSINESS WIRE)–The report “Debt Collection (European) – Industry Report” has been added to from ResearchAndMarkets.com offer. The Debt Collections (European) Analysis provides an in-depth overview of the Debt Collections (European) market and provides a comprehensive individual analysis of the top 240 companies, including Accountor Credit As, Argus Kreditt As and Axactor Capital As. This report […]
DUBLIN–(BUSINESS WIRE)–The report “Debt Collection (European) – Industry Report” has been added to from ResearchAndMarkets.com offer. The Debt Collections (European) Analysis provides an in-depth overview of the Debt Collections (European) market and provides a comprehensive individual analysis of the top 240 companies, including Accountor Credit As, Argus Kreditt As and Axactor Capital As. This report […]
Mitsubishi UFJ Financial Group Inc. is preparing to launch a fund that provides debt financing to Asian startups with the aim of winning investment banking deals through subsequent initial public offerings. Japan’s biggest lender will launch a $300 million (34 billion yen) fund early next year after raising its first joint venture fund earlier this […]
Finance Minister Basil Rajapaksa said that although the country is going through a major foreign exchange reserve crisis, the government will cover all external debts due next year, adding that the president and prime minister have also secured their full support in this task. He said that despite the opposition’s claims, the government had a […]
The American International Development Finance Corporation (DFC) approved $ 500 million debt financing to First Solar to set up a 3.3 GW vertically integrated solar module manufacturing plant in Tamil Nadu , in India. With this investment, DFC aims to diversify solar supply chains. He said his investment promotes the United States’ commitment to tackle […]
Virescent Infrastructure will use the proceeds primarily to refinance Special Purpose Vehicle (SPV) debt and fund future acquisitions. November 15, 2021 Uma gupta American investor KKR-supported Virescent infrastructure announced today that its renewable energy-focused infrastructure investment trust (InvIT), Virescent Renewable Energy Trust (VRET), has raised INR 2,150 crore in debt financing through non-convertible debentures (MNT), […]
Small Canadian mining company African Gold is exploring debt financing and securities trading options to finance its Kobada gold mine project in southern Mali, CEO Danny Callow told The Africa Report. The company needs $ 165 million to produce the first gold mine, Callow said. It aims to raise around $ 110 million in debt […]
RIYAD: Saudi Arabia’s main stock index, TASI, opened on Thursday after a strong four-day performance despite record cases of COVID-19 in the Kingdom. TASI at 10:20 a.m. KST was 11,959 points and the Nomu parallel market opened 0.2% less at 26,183. The early morning gains were driven by the Kingdom’s utility provider ACWA Power, which […]
Abu Dhabi – Mubasher: Arab Petroleum Investments Corporation (APICORP) and National Bank of Fujairah (NBF) have signed a five-year debt financing facility worth $108 million with Hartree Maritime Partners (HMP) , the maritime subsidiary of Hartree Partners. The facility will fund HMP’s purchase of two environmentally friendly crude oil carriers (VLCCs), which are being built […]
Sustainability Loans are loan products designed to reward a borrower with improved pricing for meeting pre-defined sustainability performance goals related to environmental, social and / or governance-related sustainability considerations. Now the preferred global asset class, sustainability-related loan issuance is estimated to have reached US $ 350 billion in global lending markets in the first half […]
Pictured: FW Capital’s Andy Castle (left) with SelfSure’s Paul Johnson and RedSky’s Andy Davidson A mobility company in South Yorkshire is set to grow and create jobs after securing investment from NPIF – FW Capital Debt Finance, which is managed by FW Capital and is part of the Northern Powerhouse Investment Fund (NPIF). SelfSure, owned […]
The ABC has added a feature to its app to alert customers when they receive a refund from the Australian Taxation Office and encourage them to use it to pay off their credit card debt. Prompts are provided by the bank’s AI-powered Customer Experience Engine (CEE), which is also used to prompt customers to use […]
Hogan Lovells, a global firm with strong roots in Washington, DC, continued to deepen its Wall Street presence and transactional activities by bringing in debt finance specialist Matthew Schenecke as a new partner in New York. Schenecke comes from Morgan, Lewis & Bockius, where he has spent his entire career. At Hogan Lovells he will […]
Carole Bolland The economy of the Liverpool City area has been boosted by over £20m thanks to the impact of FW Capital and the Northern Powerhouse Investment Fund (NPIF). Of the funds, £12m was deployed directly by NPIF – FW Capital Debt Finance, managed by FW Capital and part of the Northern Powerhouse Investment Fund […]
Nigerian fast food supplier Food Concepts plans to raise debt funding over the next six to 12 months for its international expansion, chief executive David Butler has told The Africa Report. The company, which currently has no debt, has entered into a “settlement agreement” with a bank [that] will handle fundraising, Butler says in Lagos. […]
White & Case continued to grow its South African financial practice with the hiring of another partner… White & Case continued to grow its South African finance practice with another partner hire as it eyes disruption in the mining and aviation sectors. Johannesburg Debt Financing Partner Lindani Mthembu moved from Allen & Overy (A&O) to […]
SEOUL, Sept. 30 (Yonhap) — Finance Minister Hong Nam-ki said Thursday that the government will strive to limit household debt as much as possible, but also plans to explore ways for people to contract loans within the limit of their ability to repay their debts. Hong made the remarks during a policy coordination meeting with […]
The State Bank of India said on Wednesday it was trying to find a way to debt finance start-ups because current rules allow banks to finance only profitable businesses. Start-ups raise funds to run their businesses and promoters are forced to dilute their stake because debt financing is not available to the sector because they […]
SEOUL, Sept. 15 (Yonhap) — Finance Minister Hong Nam-ki said Wednesday that the government will explore additional measures to reduce household debt, including stricter lending rules for non-bank institutions. , if necessary. Hong said the country would seek to minimize the impact of loan regulations on people trying to take out loans to find rental […]
Photos clockwise from top left corner: These existing public facilities – city court, fire administration, police department – would be removed and a new public safety complex would be built, if bond financing planned is approved in August. Posted: 23/06/2021 by Adolfo Pesquera Kerrville (Kerr County) – Kerrville city council voted on Wednesday to make […]
Sidley Austin is choosing a pair of debt financing partners from Kirkland & Ellis for its global finance group as the company seeks to back its private equity build on both coasts. Nicholas Schwartz will join Sidley’s New York office, which has grown with the recent additions of Ropes & Gray’s private equity partners Anthony […]
Author: Toshiro Nishizawa, University of Tokyo The G20 recently extended its Debt Service Suspension Initiative (DSSI) for the remainder of 2021, reflecting the severity of the cash shortages facing the world’s poorest countries due to the COVID-19 pandemic. But this is only a temporary measure. A common framework for dealing with debt beyond the DSSI […]
White & Case has recruited a second Allen & Overy partner for its global debt financing program in Johannesburg… White & Case has engaged a second Allen & Overy partner for its global debt finance practice in Johannesburg, as the firm’s regional banking and finance heads see growing demand for telecoms, infrastructure and energy expertise. […]
He says he expects cash burn to remain at this level until the end of the current restrictions for hotel businesses, which are due to end no earlier than May 17. The group has signed commitments for £500m of new credit facilities, which include a £380m term loan facility and a £120m super senior revolving […]
The International Finance Corporation (IFC), the private sector arm of the World Bank Group, has announced plans to provide $20 million to Nigerian off-grid electricity service provider, Daybreak Power Solutions, a subsidiary of Daystar Power. Group. IFC’s $20 million investment consists of a $10 million local currency loan from IFC’s account, in addition to another […]
The International Finance Corporation (IFC) plans to debt finance the construction of the 300 MW solar power project of Thar Surya 1 Pvt Ltd in Bikaner, Rajasthan to the tune of $50 million. In addition to the $50 million loan, IFC will also raise $100 million in debt through parallel lenders. According to IFC, the […]
An energy and project finance partner of Skadden, Arps, Slate, Meagher & Flom has transferred its pr… A project finance and energy partner from Skadden, Arps, Slate, Meagher & Flom transferred her practice to the debt finance division of Kirkland & Ellis in New York. Tatiana Monastyrskaya completed a 16-year stay at Skadden, Arps, Slate, […]
An artist’s impression of the VBB storage project due to come online in Victoria later this year. Image: Neoen Australia’s Clean Energy Finance Corporation (CEFC) has invested A$160 million (US$127.6 million) in a 300 MW battery storage project near Geelong, Victoria. Acting on behalf of the Australian Government, CEFC will fund the construction, design and […]
The Ministry of Finance said on Thursday that the finance bill proposes amendments to allow foreign portfolio investors (REITs) to enter into debt financing of emerging investment vehicles – REITs and InvITs. This decision aims to increase funds for the infrastructure and real estate sectors. Finance Minister Nirmala Sitharaman announced the move during the 2021 […]
In a major move to increase funds for the infrastructure and real estate sectors, the government proposed on Monday to allow foreign portfolio investors to enter into debt financing of emerging investment vehicles – REITs and the invites. In the Union budget for 2021-2022, Finance Minister Nirmala Sitharaman also proposed to exempt REITs and InvITs […]
NEW DELHI : In a significant move to increase funds for the infrastructure and property sectors, the government proposed on Monday to allow foreign portfolio investors to enter debt financing of emerging investment vehicles – REITs and InvITs . In the Union Budget for 2021-2022, Finance Minister Nirmala Sitharaman also proposed to exempt REITs and […]
The former Managing Director of Debt Finance at Barclays has joined Eversheds Sutherland to lead the business… The former Managing Director of Debt Finance at Barclays has joined Eversheds Sutherland to lead the firm’s debt finance strategy, bringing considerable knowledge of UK lending markets. From 1987 to NatWest where he held various roles, Ian Tetsil […]
This article follows the Private Equity overview and will endeavor to identify the practical considerations surrounding the process, while exploring an alternative investment for businesses through debt financing. The two most popular methods of debt financing for a business are loans and debt securities. A loan is a sum of money paid by a lender […]
Kirkland & Ellis has recruited a debt financing partner from the Hong Kong office of Latham & Watkins. Manas Chandrashekar advises sponsors, borrowers and lenders on complex cross-border debt financing transactions, including leveraged finance, asset-backed finance and investment fund finance. In May, he teamed up with Latham Singapore partner Timothy Hia to advise casino operator […]
Click here to watch the video Alex Dumphy, Murray Jack and Peter Crichton of Addleshaw Goddard were joined by Edward Godfrey of DC Advisory to discuss the future of Private Equity in the face of the Covid-19 crisis. Below is a summary of the main findings from the webinar. Liquidity, liquidity, liquidity: Sponsors and beneficiary […]
The companies have already drawn down tens of billions of dollars in credit lines and nearly $20 billion have been raised through the Australian Stock Exchange, but Mr Wanigasekera said a major refinancing would take place later this year. “The real ramp-up of this business will occur in the December quarter,” he said. Mr Wanigasekera […]
By Michelle Casady (April 15, 2020, 5:02 p.m. EDT) – Akin Gump Strauss Hauer & Feld LLP has hired a debt and special situations financing partner from Kirkland & Ellis LLP to join its Houston office. Akin Gump announced Monday that Chad Nichols has joined the firm’s corporate practice group. Nichols, who practiced in Kirkland’s […]
In FAQ: COVID-19 – Potential Impacts on Borrowers and Lenders, we noted that many borrowers would likely consider at least fully tapping into their revolving lines of credit now, even if they did not yet have an immediate need. in working capital for loans. The impetus may be to build up a cash cushion while […]
Structures have been successfully put in place where the more traditional sources – equity and senior debt – can co-exist in one capital structure with funding drawn from the ever-growing gray area in between. It is an area covering a range of products which are in some cases against shares, in others against debts, and […]
Published May 8, 2018 by Paula C. Squires Kettler, a McLean-based property development and property management company, has named Stephanie Polyzois vice president of debt financing. With over 30 years of experience primarily in the multi-family housing market, Polyzois will lead all debt financing activities for Kettler’s real estate portfolio. His responsibilities include originating, negotiating, […]
Business News Digital Top Stories By Chris Cooke | Posted on Friday March 24th, 2017 SoundCloud secured an additional $70 million in debt financing according to filings with Companies House that were spotted by Business Insider. So this will keep the sounds in the cloud streaming for a bit longer. There has been quite a […]
Apple landed $10 billion in debt financing on Thursday as capital markets activity remained robust, with Microsoft and AT&T also borrowing large sums from investors this week. Apple’s latest bond sale follows a stellar start to the year for corporate and bank borrowing, with more than $185 billion raised by blue chip groups in the […]
A very positive trend for the financing of health infrastructure projects is the strong growth of institutional investments in the sector, including debt financing. Siemens Financial Services recently reviewed the post-financial crisis landscape for financing technology-intensive projects across all sectors and discovered both positive and negative trends. Due to the post-crisis low interest rate environment, […]