|
|
|
|
|
|
|
02.10.26 - 04:01
|
"The Cycle′s TXU?": Paramount′s Record Bond Offering Craters Before The Ink Is Dry (ZeroHedge)
|
|
|
"The Cycle's TXU?": Paramount's Record Bond Offering Craters Before The Ink Is Dry
On Monday we flagged that September was shaping up as the worst month for junk since 2022. We also noted that Paramount's $12.4 billion high-yield tranche would be bigger than SoftBank's recently issued record $11 billion junk deal. The next morning the company kicked off the high-grade portion. By Tuesday afternoon it reported $109 billion of demand.
With so much excess demand, the offering was supposed to fly off the shelves. It did not: the deal priced on Wednesday, the same day a judge accepted the states' settlement and the merger was scheduled to close on Oct. 6. It is the biggest takeover financing Hollywood has seen, for the biggest Hollywood buyout ever. Paramount won Warner Bros. from Netflix back in February.
While underwriters usually leave a little on the table for new-issue buyers, they didn't this time, and all the new issues faceplanted the moment they broke for trading.
What wa...
|
|
|
|
|
|
|
|
|
30.09.26 - 18:45
|
Sterlington Advises DigitalBridge Management Team on Acquisition by SoftBank Group (Business Wire)
|
|
|
NEW YORK--(BUSINESS WIRE)--Sterlington advised the management team of DigitalBridge Group, Inc. (DigitalBridge) on its completed acquisition by SoftBank Group Corp. for approximately $3.1 billion.
Sterlington advised DigitalBridge's management on all aspects of the transaction, including go-forward compensation and equity arrangements for the leadership team. DigitalBridge is a leading global alternative asset manager dedicated to investing in digital infrastructure.
The Sterlington team was led by Executive Compensation partners Jeremy L. Goldstein and Jake Ebers and Corporate partners Christopher S. Harrison and Evan Coren.
This transaction adds to Sterlington's growing roster of take-private advisory engagements, including Clearwater Analytics, Janus Henderson Group, and Avanos Medical. It also continues the firm's work in digital infrastructure, following Aligned Data Centers, Vantage Data Centers, IHS Towers and Csquare.
––
About Sterlington
Sterlington PLLC is a full-service law firm focusing...
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
24.09.26 - 16:18
|
Oracle Declares Force Majeure on $165 Billion Project Jupiter Data Center (24/7 Wall St.)
|
|
|
At $138.26, Oracle (NYSE:ORCL) is a Hold. Bloomberg News reported that Oracle sent a force majeure notice to Blue Owl tied to Project Jupiter, the $165 billion New Mexico data center anchoring the Stargate AI announcement alongside OpenAI and SoftBank, and shares slid roughly 4% in premarket trading. Oracle sells database, cloud infrastructure, and enterprise […]...
|
|
|
|
Börsentreff auf Facebook |
Börsentreff auf X |
Börsentreff auf Instagram
