Australia’s federal court said that PayPal (NASDAQ:PYPL) Australia used an unfair term in its standard contracts that led to erroneous fee charging to small businesses, the Australian Securities and Investments Commission (ASIC) reported. The clause was unjust because PayPal (PYPL) would retain such ‘erroneously charged fees’ in the event theseContinue Reading
GFL Environmental (NYSE:GFL) has amended its $725M senior secured term loan to reduce its borrowing rate to SOFR +200 basis points from the previous SOFR +250 basis points, in a transaction that was significantly oversubscribed. The Co. also extended the maturity of the senior secured term loan from 2027 toContinue Reading
stanciuc Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF) unaudited total assets were ~$226.6 million and its unaudited net asset value was $196.9 million, or $14.59 per share, as of June 28. Its asset coverage ratio with respect to senior securities representing indebtedness was 786%. More on Ecofin Sustainable and Social Impact Term Fund:Continue Reading
jetcityimage UnitedHealth Group (NYSE:UNH), Humana (NYSE:HUM), and CVS Health (NYSE:CVS), which own Aetna, are seen as managed care providers set to benefit the most should former President Donald Trump win a second term in November. RBC Capital Markets on Friday released a note stating that following Thursday night’s debate betweenContinue Reading
xp3rt5/iStock via Getty Images Waystar Holding (NASDAQ:WAY) has entered into an amendment to its first lien credit agreement with its lenders to reprice term loans, enhancing its ability to allocate free cash flow towards growth initiatives, it said Thursday after market. Under the terms of the amended credit agreement, theContinue Reading
Regis (RGS) entered a new senior secured credit facility with TCW Asset Management Company, whereby a $105M term loan replaces the company’s existing debt, reducing outstanding indebtedness by more than $80M and saving ~$7M in cash interest annually. In addition to the term loan, the company will have access toContinue Reading
Hongkong, Hongkong, June 3rd, 2024, Chainwire Term Structure, the pioneering non-custodial fixed-income protocol, has officially gone live with its mainnet on . This launch introduces the first institutional-grade, market-driven fixed-income protocol, revolutionizing how liquidity is provided between lenders and borrowers in decentralized finance (DeFi). Users can use their LSTs andContinue Reading
