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Mall Owner CBL Skips Debt Payment, Hoards Cash While Rents Fall

2020-06-02 19:23:00| National Real Estate Investor

CBL & Associates missed an $11.8 million coupon payment on its 5.25 percent senior unsecured notes.

Hedge Fund Angelo Gordon Reportedly Raising $1.5 Billion for Distressed Energy Debt

2020-06-01 21:45:00| OGI

Hedge fund Angelo Gordon & Co. LP aims to raise as much as $1.5 billion to buy the debt of distressed oil and gas companies, according to a person familiar with the matter.

Tags: energy fund debt billion

Hedge Fund Angelo Gordon Buys Northern Oil & Gas Debt

2020-05-27 11:10:00| OGI

Northern Oil & Gas has been trying to cut its debt load of more than $1 billion for months by using a so-called "debt-for-equity" swap among other things.

Tags: gas oil northern fund

Bharti Telecom sells 2.75% stake in Airtel for INR 84 bln, to fully repay debt

2020-05-27 06:23:00| Telecompaper Headlines

(Telecompaper) Bharti Telecom, the promoter company of Indian operator Bharti Airtel, has sold a 2.75 percent stake in Bharti Airtel to institutional investors through an accelerated book building process in the secondary market. The allocation was done to over 50 accounts, with the top 10 getting two-thirds of the overall allocation. The total sale proceeds of over INR 84.33 billion (approximately USD 1.15 billion) was over-subscribed multiple times with a mix of all categories of investors, long only and hedge fund investors across geographies in India, Asia, Europe and the US, Bharti Telecom said.

Tags: fully debt telecom sells