CVC Asia Pacific may service Nine Entertainment’s A$3.5 billion ($3.7 billion) in debt by raising more debt from private investors in the US. It is thought that a “144A” bond issue would raise $500 million to $1 billion that would go toward reducing $2.6 billion in senior loans due in February 2013. Should this be achieved, creditors might be more accommodating in renegotiating the remaining debt, The Australian reported.
In order to issue 144A bonds, CVC would need a public credit rating in the US as the instruments are tradable. It would also have to find a way around cross-currency issues that arise from raising US dollar-denominated...
Tealive, a teashop brand that has exploded across Malaysia in recent years, is ready for a concerted international expansion. Creador has been brought in to guide the process
Family offices have helped iGlobe Partners renew a lean and restrained deep tech VC mandate. A global investee network is hoped to facilitate overseas investments amid travel stoppages
The rapid ascent of single-asset continuation vehicles in the US and Europe might be emulated in Asia, but investors are approaching the market with measured optimism
ChrysCapital has exited Silicon Valley-based Infogain – an IT services provider that helped solidify the US-India cross-border opportunity set – to Apax Partners.