Formula 1 Launches $1.7 Billion Loan Repricing in Robust Market
Goldman Sachs Group Inc. has kicked off the sale of a $1.7 billion leveraged loan Thursday to support Formula 1’s efforts to reprice an existing loan.
Bloomberg Business
Money Manager First Eagle Hires John Miller, Former Junk-Muni Titan at Nuveen
John Miller, who managed the municipal-bond market’s largest junk mutual fund at Nuveen until earlier this year, will join First Eagle Investments in January to build a muni department from the ground up.
Argentina Investors See Rally in YPF Bonds Running Out of Steam
A months-long rally in bonds from Argentina’s state-run oil driller YPF SA has run its course, with investors saying it’s time to sell ahead of presidential elections in October.
US Allows Work Permits for About 500,000 Venezuelan Migrants
The Biden administration has moved to provide hundreds of thousands of Venezuelan migrants with work permits, meeting calls from New York and other cities strained by an influx of asylum seekers.
Cisco to Buy Splunk for $28 Billion in Giant AI-Powered Data Bet
Cisco Systems Inc. agreed to buy Splunk Inc. in a deal valued at about $28 billion, representing its biggest acquisition yet and a massive push into software and artificial intelligence-powered data analysis.
Comcast’s USA Network Takes Over WWE Rights From Fox Under New Deal
World Wresting owner TKO Group Holdings Inc. fell as much as 16% in New York Thursday after a new deal to broadcast its matches on the USA Network disappointed some investors.
Poland May Send More Older Weapons to Ukraine Later, Duda Says
Poland may send more of its older weapons to Ukraine at a later date, once the country receives new equipment ordered in South Korea and the US, President Andrzej Duda said on Thursday.
Kyma’s Shah Says Creditor-on-Creditor Violence Is Real in Europe
Bitter fights between creditors to get higher returns on distressed companies are “real,” according to the founder and Chief Investment Officer of Kyma Capital.
Saudis Make a Splash at Oil Gathering in Canada’s Energy Capital
Oil ministers and fossil-fuel company executives descended on Canada’s energy capital this week for the World Petroleum Congress. And even as oil prices threatened to break the $100-per-barrel mark, it was the global transition to cleaner energy that was the focus of proceedings. Here are some of the main takeaways from the event in Calgary.
UAE Considers Export Controls That May Hurt Russia’s War Machine
The United Arab Emirates is considering introducing export licenses for a list of items including chips and other components that are sanctioned by the US and European Union and used by Russia’s military in Ukraine, according to people familiar with the matter.
