Latest news with #capitalstructure
Yahoo
2 days ago
- Business
- Yahoo
Trucordia wraps up debt refinancing to enhance capital structuring
Trucordia has concluded a debt refinancing process that is expected to improve its capital structure and support its ongoing growth strategy. The refinancing coincides with a $1.3bn investment from the Carlyle Group, announced earlier this month. The investment from Carlyle is intended to provide Trucordia with the necessary financial flexibility to pursue a variety of strategic initiatives and to allow for the repurchase of equity from current minority shareholders, thus simplifying the company's governance. The refinancing includes a $1.94bn first lien term loan B and a $548m second lien term loan B, arranged with Blue Owl Capital. Additionally, Trucordia has arranged a $400m revolving credit facility to support its future investment plans. The proceeds from this refinancing will be used to replace the company's existing 'unitranche' debt. Trucordia CEO Felix Morgan said: 'These transactions are transformative for Trucordia, creating new financial and governance structures that will support the company's continued growth. 'They reflect both the significant work we have done in the last four years to build the nation's next great insurance brokerage and the confidence in our strategy to accelerate our success.' JPMorgan Chase acted as the financial advisor for the refinancing and will also serve as the administrative agent for the revolving credit facility. Legal advice was provided by Orrick to Trucordia. In the first half of 2025, Trucordia completed five strategic acquisitions and implemented a new platform operating model to achieve economies of scale. "Trucordia wraps up debt refinancing to enhance capital structuring " was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Associated Press
2 days ago
- Business
- Associated Press
Badwa Capital Announces New Head of Capital Solutions in Continued Expansion of Investment Banking Activities
Firm's Capabilities Deepen Across M&A, IPO, and Capital Structure Advisory with More Than $9 Billion in Closed Transactions Across a Variety of Sectors Badwa obtains CMA license and opens new Riyadh office DUBAI, UAE, June 19, 2025 /PRNewswire/ -- Badwa Capital, a leading investment bank and investment firm focused on the Middle East, today announced the appointment of Ahmad Ismail as Head of Capital Solutions, a key practice within the firm's expanding investment banking division. Mr. Ismail joins Badwa after more than 11 years at Moelis & Company, bringing with him a proven track record of transaction execution. With Mr. Ismail's appointment, Badwa will complement its strong M&A practice with additional capital markets capabilities, including independent financial advisory for IPOs and capital structure optimization transactions in Saudi Arabia and the UAE, leveraging the firm's established regulated presence in both markets. Badwa recently opened its Riyadh office and received a license from Saudi Arabia's Capital Market Authority. 'We are thrilled to welcome Ahmad to Badwa as we expand our capital solutions capabilities and continue delivering extraordinary global talent and unsurpassed regional expertise to our clients,' said Fawzi Jumean, Chairman and Partner at Badwa. 'Ahmad's deep experience and leadership will help us capitalize on strong markets in Saudi Arabia and the UAE. This move reinforces our commitment to providing holistic financial solutions across the entire capital structure.' In addition to its investment banking business, Badwa continues to expand its growth equity investments business, partnering with entrepreneurs in building innovative and sustainable enterprises. About Badwa Capital Founded 15 years ago, Badwa is a leading investment bank and investment firm focused on the Middle East. As an advisor, Badwa Capital helps clients achieve their business and financial objectives through strategic and transformative transactions. The firm's professionals combine world-class execution capabilities with unmatched regional insight to deliver thoughtful and independent advice through all phases of strategic and complex transactions. As an investor, Badwa partners with entrepreneurs in the GCC, supporting them as they build innovative, profitable and sustainable businesses. With offices in Dubai and Riyadh, Badwa is licensed by the Dubai Financial Services Authority and Saudi Arabia's Capital Market Authority. Additional information on Badwa Capital may be found at View original content: SOURCE Badwa Capital
Yahoo
12-06-2025
- Business
- Yahoo
Aalberts N.V.: Aalberts successfully issues US Private Placement of USD 600 million
Utrecht, 12 June 2025 Aalberts announces the successful signing and closing of Note Purchase Agreements for its inaugural debt issuance in the US Private Placement (USPP) market, securing a total equivalent amount of approximately USD 600 million. The transaction comprises approximately USD 500 million and EUR 100 million in Senior Notes, with maturities ranging from 5 to 12 years. Funding has been completed early June. This landmark issuance earmarks a significant milestone in the further optimisation of Aalberts' capital structure. This transaction is the first of its kind for Aalberts and reflects the strong credit profile, resilient business model and access to diversified capital markets. The capital raised will support the disciplined growth agenda as part of the 'Thrive 2030' strategy, including targeted strategic acquisitions in America for our building and industry segments and Southeast Asia for our semicon segment. The proceeds will also be used to refinance outstanding debt, thereby reinforcing the long-term funding profile and preserving full flexibility under the bank facilities. Frans den Houter, Chief Financial Officer"Our debut in the USPP market confirms our robust financial position and provides long-term capital at attractive terms. This issuance further matures our capital structure and supports the delivery on our 'Thrive 2030' strategy and the expansion in key growth markets." contact+31 (0)30 3079 302 (from 8:00 am CEST)investors@ disclaimer This announcement does not constitute an offer of any securities for sale in the United States or any other jurisdiction. The securities referenced herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. Attachment press releaseError in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
South China Morning Post
04-06-2025
- Business
- South China Morning Post
Cifi creditors approve US$7.9 billion offshore debt restructuring plan
Distressed Chinese developer Cifi Holdings won backing from a majority of creditors for a US$7.9 billion offshore debt revamp, a key step for the cash-strapped developer as China's property market shows little sign of recovery. According to a Wednesday stock exchange filing, 1,236 out of 1,250 creditors, holding US$7.3 billion of Cifi's US$7.9 billion in offshore debt, voted in favour of the developer's latest debt restructuring plan. Taking into account the amount of claims to be cancelled or converted into mandatory convertible bonds and then converted into shares, the group's offshore debt obligations will decrease by around US$5.3 billion, or 66 per cent of the total, the company said. Court approval for the restructuring will be decided at a hearing in Hong Kong on June 26. 'The completion of the proposed restructuring will significantly alleviate the group's liquidity pressure and provide it with a sustainable capital structure,' Cifi said in the filing, adding that in the long term, it would switch to an asset-light business model to 'survive the profound adjustment cycle of China's property development industry'. Signage for Cifi Holdings. Photo: Handout
Bloomberg
03-06-2025
- Business
- Bloomberg
The Fannie and Freddie Stakes Are High
The capital structures of Fannie Mae and Freddie Mac are a little complicated, but here's roughly the situation 1: The essential thing to notice there is that the US government's $348.4 billion senior preferred claim is quite a bit larger than the total shareholders' equity of $160.7 billion. If Fannie and Freddie liquidated today and returned all their money to shareholders, the US government would get all of it. If Fannie and Freddie's shareholders' equity doubled, the US government would still get all of it. The common stockholders, and the holders of regular preferred stock, are underwater by many tens of billions of dollars.
