Category Archives: Company Debt

Altria Group (NYSE: MO) is not yet restructuring its debt.

Altria Group, Inc. (NYSE: MO) is a major player in the tobacco industry. With well-known brands like Marlboro and a portfolio of other tobacco products, the company has expanded into other businesses as well, but is now looking for exits and focusing on its core business. Yet, over the past 5 years, the debt ratio […]

Recommended benchmarks or credit sensitive indices: the best way forward? | Arent Renard

General In the United States, SOFR is the recommended benchmark but has not been widely adopted. In the UK, SONIA is the recommended benchmark and has been widely adopted. What is best to use depends mainly on the combined debt and interest rate swap situation of the company and the bank. Recommended references The positive […]

Does Cogna Educação (BVMF: COGN3) use too much debt?

Berkshire Hathaway’s Charlie Munger-backed external fund manager Li Lu is quick to say “The biggest risk in investing is not price volatility, but whether you will suffer a permanent loss of capital”. It is only natural to consider a company’s balance sheet when looking at its level of risk, as debt is often involved when […]

Reliance Infrastructure raises 550.56 cr through the preferential allocation of securities

Reliance Infrastructure has grown ₹550.56 crore by issuing securities on a preferential basis, the company said on Monday in a regulatory filing. In this issue, the company headed by Anil Ambani allocated 8.88 crore of warrants convertible into an equivalent number of shares. “Following the approval of the members, by postal vote, Reliance Infrastructure Limited […]

Gatchalian to sue abusive debt collectors

SEN. Sherwin Gatchalian has pledged to pass a law criminalizing abusive debt collection practices by certain online lending platforms. Gatchalian warned financial service providers on Sunday against continuing their illegal acts. The growing number of consumer complaints against online loans or loan sharks amid the pandemic was “quite worrying,” Gatchalian said. The deputy chairman of […]

Student loan giant loses another private debt release case in bankruptcy

Student borrowers with certain types of private loans have moved closer to being able to pay off that debt in bankruptcy after a New York court ruling. Thursday, the United States Court of Appeals for the Second Circuit face with student debtor Hilal Homaidan against student loan giant Navient (NAVI), who had argued that private […]

A master’s degree in debt

Here are three of the week’s top financial news, gathered from the web: A master’s degree in debt “Elite universities have awarded thousands of master’s degrees that don’t provide graduates with enough career income to start paying off their federal student loans,” Melissa Korn and Andrea Fuller told The Wall Street Journal. The most extreme […]

Credit company sees increase in debt collection referrals in 2021

A GLASGOW-based credit firm saw a sharp increase in insolvency practitioner (IP) collection referrals across the UK in the first six months of the year. BRS Credit primarily focuses on working with PAs to maximize collection from debtor records of companies that have gone into receivership or liquidation. She is currently responsible for collecting over […]

Guangzhou Automobile Group (HKG: 2238) risky use of debt?

Legendary fund manager Li Lu (whom Charlie Munger supported) once said, “The biggest risk in investing is not price volatility, but the possibility that you will suffer a permanent loss of capital. When we think about how risky a business is, we always like to look at its use of debt because debt overload can […]

Ola Electric raises $ 100 million in long-term debt from Bank of Baroda

Ola Electric, the electric vehicle (EV) arm of taxi aggregator Ola, announced on Monday that it had raised $ 100 million (Rs 744.5 crore) in long-term debt from the Bank of Baroda. The company claimed that it was the largest long-term debt financing deal for India’s electric vehicle industry. This 10-year debt will be used […]