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Reshmi Basu

Reshmi Basu

Reporter at Bloomberg

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Influence score
64
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Location
United States
Languages
    Covering topics
    • Business
    • Finance & Banking Services

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    Recent Articles

    bloomberg.com

    Creditors Brace for an Ugly Fight Over $5 Billion Debt at CD&R’s Multi-Color

    Trouble at one of the private equity firm’s portfolio companies has led to scrutiny of its other holdings
    bloomberg.com

    New Fortress Energy in Forbearance Talks as Debt Deadline Looms

    Wes Edens’ New Fortress Energy Inc. struck an agreement with creditors to delay interest payments on some of its borrowings, as it continues to navigate a debt burden amid project delays and dwindling cash flow.
    bloomberg.com

    KKR-Backed Optiv Starts Private Talks With Junior Lenders

    Some of Optiv Inc.’s creditors have entered into confidential talks with the cybersecurity firm as it faces a surge of payments on maturing debt next year, according to people familiar with the situation.
    bloomberg.com

    Phil Mickelson Touts Oil Driller to Bolster Offshore Project

    One of the most compelling corporate dramas in the US oil industry right now isn’t playing out in the Permian Basin or Alaska’s North Slope but against the unlikely backdrop of tony Santa Barbara, California — with a walk-on part from a famous professional golfer.
    bloomberg.com

    Brookfield Built Wealth Fund With Companies Making Lenders Wary

    Brookfield Asset Management didn’t have to look far to seed a buyout fund for wealthy individuals.
    bloomberg.com

    Blackstone-Backed Food Sanitation Cleaner Inks Workout Deal

    Blackstone Inc.-backed Fortrex has reached a restructuring agreement in which lenders will take control of the troubled food sanitation facilities cleaner, according to people familiar with the situation.
    bloomberg.com

    Data Center Frenzy Triggers Distress Warning in Industry Survey

    Investors are piling into massive debt packages to fund the data centers that feed the artificial intelligence infrastructure, but a lack of visibility around long-term demand for computational power points to distress ahead for some players, according to an industry survey.
    bloomberg.com

    Romulus Accused of Forgeries in EquipmentShare Investor Row

    Republic Maximal LLC accused Romulus Capital Partners co-founder Neil Chheda and his father of forging family names including a deceased person as part of a fraud on investors.
    bloomberg.com

    Group of Banks Said Hiring FTI for Braskem Debt Talks

    A group of banks is hiring FTI Consulting Inc as an adviser amid concerns that Braskem SA’s debt talks will affect payments on a revolver loan the company recently tapped with the lenders, according to people familiar with the matter.
    bloomberg.com

    Lenders to US Security Contractor Peraton Form New Group as Shutdow...

    A group of first-lien lenders to Peraton Corp. have tapped Evercore Inc and Gibson Dunn & Crutcher amid growing concerns that a prolonged government shutdown could dent its cash reserves, according to people familiar with the matter.
    bloomberg.com

    EquipmentShare Bonds Sink as Ousted Board Member Alleges Fraud

    A Missouri-based construction equipment leasing company that borrowed heavily from the private bond market as it funded its rapid growth saw the prices of that debt drop sharply Friday amid a legal battle with a former board member that has erupted into dueling allegations of fraud and misconduct.