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16.06.26 - 13:54
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Here Are Tuesday′s Best Wall Street Analyst Research Calls: Dynatrace, Emerson Electric, Exxon Mobil, Flutter Entertainment, Genuine Parts, nVent Electric, Palantir Technologies, Roku, and More (24/7 Wall St.)
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Pre-Market Stock Futures: Futures are trading modestly higher after a stunning opening to the week, as all major indices rocketed higher. The announcement of a cease-fire deal with Iran, which the leaders in that country acknowledged, called for reopening the Strait of Hormuz toll-free. While details will still be worked out over the next ... Here Are Tuesday's Best Wall Street Analyst Research Calls: Dynatrace, Emerson Electric, Exxon Mobil, Flutter Entertainment, Genuine Parts, nVent Electric, Palantir Technologies, Roku, and More...
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16.06.26 - 12:54
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Sable Offshore Corp. Announces Commencement of New Senior Secured Term Loan (Business Wire)
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HOUSTON--(BUSINESS WIRE)--Sable Offshore Corp. (NYSE: SOC, “Sable”, or the “Company”) today announced it is launching a proposed senior secured term loan facility in an aggregate principal amount of up to $1.0 billion (the “New Senior Secured Term Loan”), which will replace the Company's Senior Secured Term Loan with Exxon Mobil Corporation (the “Existing Senior Secured Term Loan”). The Company is expected to be the borrower under the New Senior Secured Term Loan.
Additionally, the Company expects to pursue incremental unsecured capital markets solutions. JPMorgan Chase Bank, N.A. is expected to be administrative agent under the New Senior Secured Term Loan. The Company currently intends to use the proceeds from the New Senior Secured Term Loan, together with the proceeds of the expected additional unsecured capital markets solutions, to fund the repayment of the Existing Senior Secured Term Loan, to pay transaction fees and expenses, and to satisfy contractual performance bonding obligat...
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15.06.26 - 19:46
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Apollo Picks Austin Over New York As Wall Street′s Migration South Continues (ZeroHedge)
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Apollo Picks Austin Over New York As Wall Street's Migration South Continues
It's not just Citadel that's moving out of New York.
Apollo Global Management has chosen Austin, Texas, as its second headquarters, according to sources familiar with the decision. The firm, which manages about $1 trillion in assets, evaluated Austin, Miami, Palm Beach, and Nashville before CEO Marc Rowan selected Austin, according to Financial Times.
The new office is expected to host most future hiring as Apollo expands beyond its longtime New York base. While the decision has been communicated internally, it is not yet final.
Austin's appeal includes its strong talent pipeline, growing tech ecosystem, quality of life, and business-friendly environment. Texas has increasingly attracted major financial and corporate employers, including JPMorgan, Goldman Sachs, SpaceX, and ExxonMobil.
FT writes that Apollo has been broadening its U.S. footprint since the pandemic, opening major offices in Connecticut and Florida...
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