[ad_1] Jan. 7, 2024 10:27 am ET|WSJ Pro Audacy filed for bankruptcy Sunday, succumbing to a steep decline in radio advertising. The Philadelphia-based broadcaster filed a chapter 11 petition in…
Tag: Financing Agreements
Chinese Company That Sparked Fears of Financial Contagion Falls Into Bankruptcy
[ad_1] Updated Jan. 5, 2024 7:12 am ET China’s Zhongzhi Enterprise Group has declared bankruptcy, following a calamitous year in which it sparked fears that the world’s second-largest economy was…
Evergrande Auto’s Investment Agreement With Dubai Automaker Lapses
[ad_1] Updated Jan. 1, 2024 9:26 pm ET China Evergrande New Energy Vehicle said an agreement for a Dubai-based automaker to subscribe to its shares has expired, raising fresh doubts…
Construction Loans, Like Holiday Guests, Might Hang Around Too Long
[ad_1] Dec. 26, 2023 10:00 am ET Throughout 2023, there were a lot of tough headlines about commercial real estate: Vacant offices. Falling apartment rents. Fire-sale prices. So why did…
KKR Purchases $7.2 Billion Portfolio of Prime RV Loans
[ad_1] KKR purchased a $7.2 billion portfolio of super-prime recreational vehicle loans from BMO Bank National Association. The alternative-asset manager said funds and accounts managed by its credit business led…
Country Garden to Make CNY3.07 Billion Disposal to Aid Debt Restructuring
[ad_1] Chinese property giant Country Garden will sell a stake in a commercial center operator for about $428 million, using the proceeds to help restructure offshore debt. The indebted developer…
ARCELLX AND KITE ANNOUNCE EXPANSION IN STRATEGIC PARTNERSHIP
[ad_1] — Arcellx to receive $200M equity investment at $61.68 per share and an $85 million upfront cash payment — — Kite exercises option to Arcellx’s ARC-SparX program ACLX-001 in…
WSJ News Exclusive | Goldman Moves to Unload GM Credit Card
[ad_1] Updated Nov. 7, 2023 5:44 pm ET Goldman Sachs plans to begin a process to unload its General Motors credit-card program in another step away from its failed foray…
Sam Bankman-Fried Says FTX Actions Were Guided by Lawyers
[ad_1] Updated Oct. 26, 2023 6:53 pm ET FTX founder Sam Bankman-Fried previewed a potential defense Thursday when he told a federal judge that he relied on the blessing of…
Akumin Inc. Reaches Agreement with Stonepeak to Become a Private Company
[ad_1] Financial restructuring to fortify balance sheet and provide liquidity runway for next stage of growth Approvals received from key stakeholders across capital structure; transaction will be implemented through prepackaged court-supervised process;…