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Reshmi Basu

Reshmi Basu

Reporter at Bloomberg

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Location
United States
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    Covering topics
    • Business
    • Finance & Banking Services

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    Recent Articles

    bloomberg.com

    Last-Minute Lawsuit Upends Cable One’s $480 Million Buyout

    The company has been trying to secure financing to buy the rest of Mega Broadband since the start of the year
    bloomberg.com

    Last-Minute Lawsuit Upends Cable One’s $480 Million Buyout

    The company has been trying to secure financing to buy the rest of Mega Broadband since the start of the year
    bloomberg.com

    EA Turns to Egan-Jones Rating as Angry Bondholders Claim Default

    Electronic Arts has told a group of creditors that it secured an investment-grade rating from Egan-Jones Ratings Co. for a subset of bonds, using the designation to counter claims that it owes them a premium after the video-game maker was taken private.
    bloomberg.com

    Getty Images in Talks With Lenders for Potential Bankruptcy Loan

    Getty Images Holdings Inc. is holding confidential talks with lenders about injecting new money into the cash-strapped company, potentially through a debtor-in-possession loan, according to people familiar with the situation.
    bloomberg.com

    Creditors Sue Optimum, Patrick Drahi Alleging ‘Fraudulent’ Deal-Making

    Creditors to Optimum Communications Inc. are suing the telecommunications company, demanding it unwinds transfers they claim siphoned away value out of their reach and into the pockets of insiders, including controlling shareholder Patrick Drahi.
    bloomberg.com

    Peloton Holds Talks for Potential $800 Million Debut Bond Deal

    Peloton Interactive Inc. is eyeing its first-ever bond deal, sounding out investors for a potential $800 million sale, according to people with knowledge of the matter.
    bloomberg.com

    Distressed Software Firm Symplr to Get Injection From Private Equit...

    Private equity backers to Symplr Software have agreed to inject the firm with around $175 million of preferred equity as part of a revamp that creates multiple debt securities and extends the timeline for repayment.
    bloomberg.com

    Apollo’s Brightspeed Casts Going Concern Doubt as Revenue Slides

    Brightspeed, the broadband provider backed by Apollo Global Management Inc., warned investors that there’s substantial doubt it will be able to continue as a going concern, as it presses ahead with its search for financing to meet looming debt obligations.
    bloomberg.com

    Saudi-Backed LIV Golf May File for Bankruptcy Next Week

    LIV Golf is preparing to file for bankruptcy protection as early as next week, according to people familiar with the situation.
    bloomberg.com

    Guggenheim Investments Says Affiliates May Buy Its Hard-Hit Loan

    Guggenheim Investments, the asset-management arm of Mark Walter’s Guggenheim Partners, is telling lenders that affiliates may look to buy portions of a loan issued by its financing entity after the debt’s value collapsed in recent weeks.
    bloomberg.com

    EchoStar Unit Hughes Satellite Files for Bankruptcy as Debt Falls Due

    Hughes Satellite Systems Corp. filed for Chapter 11 bankruptcy protection on Sunday, saying intensifying competition was undermining its core broadband business.