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Jumia seeks USD 1.5 bln value in US IPO, could help MTN cut debt - report

2019-02-11 09:50:00| Telecompaper Headlines

(Telecompaper) African online retailer Jumia is planning an initial public offering in New York this year that could value the business at about USD 1.5 billion, Bloomberg reported, citing people familiar with the matter. Jumia's largest shareholder MTN Group is planning to raise as much as USD 600 million by selling its shares through the IPO, said one of the people, who asked not to be identified as the information is not public. MTN and Jumia declined to comment.

Tags: report cut usd debt

 

New Look to slash debt by GBP1bn as part of turnaround efforts

2019-01-14 12:14:00| Daily apparel & textile news and comment - from just-style.com

UK fashion retailer New Look has announced what executive chairman Alistair McGeorge calls a "critical step" in its turnaround plans, having reached an agreement 'in principle' with its key financial stakeholders to cut its debt by GBP1bn (U$1.3bn) and raise GBP150m in new money to turnaround the business.

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New Look reveals plan to slash debt by GBP1bn

2019-01-14 12:14:00| Daily apparel & textile news and comment - from just-style.com

UK fashion retailer New Look has reached a "critical step" in its turnaround plans after reaching an agreement in principle with its key financial stakeholders to cut its debt by GBP1bn (US$1.3bn) and raise GBP150m in new capital to boost the business.

Tags: plan debt reveals slash

 

Multifamily Debt Financing Continues its Upward Climb

2019-01-11 19:34:18| National Real Estate Investor

The 2019 outlook for multifamily debt availability will remain positive. Fannie Mae and Freddie Mac are projecting another good year, life companies will remain very active with allocations to at least match 2018, and debt funds will continue to be very competitive, as will banks and CMBS lenders.

Tags: continues debt financing climb

 

Will Anheuser-Busch InBev list its Asia Pacific business to help with debt? - reports

2019-01-11 13:01:00| Daily beverage news and comment - from just-drinks.com

Anheuser-Busch InBev has declined to comment on claims the brewer is exploring the possibility of launching an IPO of its operations across Asia Pacific. 

Tags: with list business reports

 

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