Crescent Capital gets into private credit business with key hire – The Australian Financial Review
Street Talk May 30, 2024 – 7.10pm Subscribe to gift this article Gift 5 articles to anyone you choose each month when you subscribe. Subscribe now Already a subscriber? Private credit made a big splash in 2023. Now, Michael Alscher’s Crescent Capital Partners is looking to get in on the scene. Sarah Thompson has co-edited […]
Debt deal secured for Adgemis pub empire
Sydney pub baron Jon Adgemis’ pub group will face a carve-up under a $400m debt deal, which will see the empire of pubs and hotels refinanced by a consortium of lenders. Sources confirmed Mr Adgemis has inked a $400m deal, which would see a consortium of lenders headed by Deutsche Bank step in and refinance […]
How to reduce your credit card debt | Economy and Business
Credit card debt in the United States surpassed $1 trillion at the end of last year. It is the worst time for this line to be crossed because the interest rates paid on these balances are becoming very high. According to Bankrate data, the average interest rate is 20.70%, a record according to the firm’s […]
Catsoulis firm found to be trading while insolvent
Twice-bankrupt mining entrepreneur David Catsoulis’s company Warwick Gold Holdings racked up more than $10m in debts while it was already insolvent, a liquidator’s report says. Warwick, which was promoting projects in Queensland and Papua New Guinea it said were worth trillions of dollars, remains in liquidation, but Mr Catsoulis and his associates are seeking to […]
Crescent Capital gets into the start-up debt business with key hire – The Australian Financial Review
Street Talk May 30, 2024 – 7.10pm Subscribe to gift this article Gift 5 articles to anyone you choose each month when you subscribe. Subscribe now Already a subscriber? Venture debt made a big splash in 2023. Now, Michael Alscher’s Crescent Capital Partners is looking to get in on the scene. PwC debt and capital […]
Gloria Jean’s Joondalup and Warwick coffee stores go into liquidation
Two Gloria Jean’s coffee stores in Joondalup and Warwick have gone into liquidation this month over money owed to the Australian Tax Office. The two stores are now in the hands of liquidators Mackay Goodwin since its court appointment on May 22, according to the Australian Securities & Investment Commission website. View the full article […]
Be first in line to get paid: Debt collector shares trade secrets
Overdue accounts, mortgages and credit cards are rapidly increasing as people are starting to feel the pinch of the tough trading environment and economic recession New Zealand is experiencing. Unfortunately, this means that many businesses experience cashflow problems while customers are keeping owed money in their back pockets to invariably manage their own concerns. Combine […]
Citigroup's Australian debt capital markets head leaves business – XM
“,”contentShort”:”BREAKINGVIEWS-Failed Anglo bid is net negative for BHP CEO The author is a Reuters Breakingviews columnist. The opinions expressed are her own. By Karen Kwok LONDON, May 29 (Reuters Breakingviews) – Mike Henry has ditched the Australian miner’s $47 bln attempt to buy its UK-listed rival. He misjudged the difficulty of pushing Anglo to divest […]
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The Australian Digital 12 Month Plan costs $364 (min. cost) for the first 12 months, charged as $28 every 4 weeks. This automatically renews after the first 12 months to be charged as $28 (min. cost) every 4 weeks unless cancelled as per full Terms and Conditions. No cancellations during the first 12 months. Each […]
Apollo Global, Capital Management, Varde Partners, Centrebridge keen on Star Entertainment debt
Credit funds such as Apollo Global Management, Capital Management, Varde Partners and Centrebridge Partners have not given up on efforts to assert influence over Star Entertainment, as debt comes up for sale by its lenders. Sources say that funds are circling for an opportunity to enter the scene as lenders in the business, buying loans […]