DIRS.INFO The most relevant business & tech news

Typically, banks would sell the debt to investors and pocket an underwriting fee. Elon Musk vs TwitterThe debate, currently a topic of conversation among investment bankers and debt investors, provides a window into the havoc wreaked on Wall Street by Musk’s U-turn last week. Musk, however, conditioned his proposal on his ability to secure debt financing and now has until Oct. 28 to close on the transaction. VARIOUS OPTIONSThe debt financing package is comprised of leveraged loans, which are risky because of the amount of debt the company is taking on, as well as secured and unsecured bonds. In September, banks financing the Citrix buyout undertook a similar restructuring.

☆ Lawyer pleads guilty to involvement in Capitol riot after he was identified through TikTok videos
▼ + stars: | 2022-09-24 | by ( Bethany Dawson | ) www.businessinsider.com time to read: +2 min

A disgraced South Carolina attorney has pleaded guilty to charges related to the storming of the Capitol. David Johnston was identified from TikTok and Facebook live videos. David Johnston, 66, from Summerville, South Carolina, pleaded guilty to Disorderly Conduct on Capitol Grounds, which carries a maximum sentence of six months in prison, according to court documents. The court presented a number of photos and screenshots from videos of Johnston in the Capitol building, wearing a Trump hat. CCTV footage from the Capitol also shows Johnston and Clifton there, who could be identified through corroboration with their social media documentation.

☆ Banks close painful Citrix debt chapter with $700 mln loss -source
▼ + stars: | 2022-09-21 | by ( Abigail Summerville | Matt Tracy | ) www.reuters.com time to read: +3 min

Citrix Systems logo is seen on smartphone placed on U.S. While the syndication was completed successfully, it was done at a steep discount to the levels that the banks underwrote the debt. It was also buoyed by one of Citrix's acquirers, hedge fund Elliott Management, helping out by buying $1 billion in bonds, a second source said. They also sold a $4 billion three-year Citrix bond for 83.6 cents on the dollar, resulting in a higher than expected yield of 10%, the sources added. More debt syndication pain for the banks is on the way.

☆ The Easiest Ways to Declutter Your Home Office
▼ + stars: | 2022-06-03 | by ( ) www.wsj.com time to read: +7 min

Kick the Clutter Habit and Completely Organize Your Life for Good.” Beyond that, clutter can drag you down emotionally. According to New York City-based organizer Lisa Zaslow, founder of Gotham Organizers, is what we buy for our home office. That’s the only place where pens go—and only good pens at that. This acrylic add-on, which can sit on the desk surface and hold standard-size paper and smaller office items, is a favorite of Rosenthal’s. It’s like a little mobile office and when you don’t want it in the room, you can just roll it away.”

Search resuls for: "SUMMERVILLE"

4 mentions found