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Search resuls for: "Sixth Street Partners"


4 mentions found


☆ Credit Deals Are Going Private, Leaving Wall Street in the Cold
  + stars: | 2022-12-29 | by ( Telis Demos | ) www.wsj.com   time to read: 1 min
Most private equity-style deals late in the year used financing by private credit, including the deal to take Coupa Software private. While some investors were hibernating in the fourth quarter, the private market for deal financing has been roaming free. The overwhelming majority of private equity-style deals late in the year have used financing by so-called private credit rather than by the marketing and selling of loans to a wide group of investors by banks. PitchBook LCD tracked 46 leveraged buyouts financed by private credit in the fourth quarter through Dec. 8, versus just one financed by the broadly syndicated loan market. For the recently announced take-private of Coupa Software for instance, the top lending spot went to investment firm Sixth Street Partners, the Journal has reported.
☆ Market Chill Opens Path for Buyout Lender Sixth Street’s Rise
  + stars: | 2022-12-23 | by ( Matt Wirz | ) www.wsj.com   time to read: 1 min
The leveraged buyout of an Emerson Electric business is one of several large deals recently financed by Sixth Street. The credit crunch on Wall Street is forcing some of its biggest deal makers to turn to a little-known investment firm to bankroll their purchases: Sixth Street Partners . Many banks and private-credit funds are tightening their purse strings after taking losses on big junk-rated loans that they committed to before debt markets seized up this summer. That leaves Sixth Street, which manages about $65 billion, as one of the few outfits willing to write fat checks to finance corporate takeovers.
☆ Bed Bath & Beyond shares fall after interim CEO Sue Gove appointed to position permanently
  + stars: | 2022-10-26 | by ( Melissa Repko | ) www.cnbc.com   time to read: +2 min
Bed Bath & Beyond said Wednesday that it has appointed interim Sue Gove to the position permanently. Bed Bath is trying to reverse declining sales, win back customers and strengthen relationships with suppliers. In late August, Bed Bath announced cost cuts and a new loan on a call with investors. Without those items this holiday season, Bed Bath could have a hard time competing with rivals like Amazon, Target and Walmart. Bed Bath is having its first supplier summit on Wednesday, which the company said will strengthen those relationships.
☆ Explainer: How Elon Musk funded $44 billion Twitter deal?
  + stars: | 2022-10-07 | by ( Hyunjoo Jin Chibuike Oguh | Hyunjoo Jin | Chibuike Oguh | ) www.reuters.com   time to read: +3 min
Oct 28 (Reuters) - Elon Musk on Thursday closed the $44 billion deal announced in April to take Twitter Inc (TWTR.N) private and took ownership of the influential social media platform by firing top executives immediately. read more Earlier this month, Musk brought the deal back on the table after previously trying to walk away from it. Musk pledged to provide $46.5 billion in equity and debt financing for the acquisition, which covered the $44 billion price tag and the closing costs. That had left Musk in need for an additional $22.4 billion of funds to cover the equity financing portion of the deal. Musk would have needed to raise an additional $2 billion to $3 billion to complete the financing for the deal.
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