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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

    Banks Turn to Private Credit for Novacap’s Integral Ad Debt Deal

    Wall Street banks are looking to tap private credit to help finance Novacap Investments Inc.’s acquisition of Integral Ad Science Holding Corp. after an approach to leveraged loan investors fell flat, according to people familiar with the transaction.
    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

    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.
    bloomberg.com

    Saks Slashes Outlook and Reports Sales Drop on Inventory Issues

    Saks Global Enterprises slashed full-year guidance and reported a sales decline in an earnings update to investors on Thursday, citing challenges managing the flow of inventory after years of troubled vendor relationships, according to people with knowledge of the results.
    bloomberg.com

    Bally’s Faces Lender Wrath on Debt Plan Involving Chicago Casino

    Bally’s Corp. is in a standoff with its lenders, a battle that could have consequences for the junk-rated casino operator and Chicago’s underfunded pension plans.
    bloomberg.com

    First Brands’ Elusive CEO Weighs Stepping Down as Pain Grows

    Patrick James, the little-known chief executive officer of bankrupt First Brands Group, is weighing stepping down as fallout from the auto-parts supplier’s swift collapse reverberates across Wall Street.
    bloomberg.com

    Federal Prosecutors Are Looking Into First Brands Collapse

    Federal prosecutors are looking into the circumstances around the spectacular collapse of auto-parts supplier First Brands Group, according to a person familiar with the matter.
    bloomberg.com

    First Brands Creditor Seeks Investigation of ‘Vanished’ Cash

    Raistone, a provider of short-term financing that worked on deals for First Brands Group, is demanding the appointment of an independent examiner for the business after alleging late Wednesday that as much as $2.3 billion has “simply vanished” from the bankrupt auto-parts supplier.
    bloomberg.com

    Porta Potty Firm United Site Gets Forbearance Amid Negotiations

    Platinum Equity-backed portable toilet company United Site Services Inc. is operating under a forbearance agreement after it elected to skip interest payments on some of its debt, according to people with knowledge of the matter.
    bloomberg.com

    Veritas-Backed Software Provider Anthology Files for Bankruptcy

    Anthology Inc., the Veritas Capital-backed education-software provider has sought Chapter 11 bankruptcy protection in the US after a failed attempt to sell the company or parts of the business outside of court protection.
    bloomberg.com

    Veritas-Backed Software Provider Anthology Files for Bankruptcy

    Anthology Inc., the Veritas Capital-backed education-software provider has sought Chapter 11 bankruptcy protection in the US after a failed attempt to sell the company or parts of the business outside of court protection.
    bloomberg.com

    Santander-Led Bank Group Stuck With Some Debt for Verint Buyout

    A group of banks led by Banco Santander SA will be forced to keep a portion of the $2.7 billion financing to support Thoma Bravo’s acquisition of customer-service automation business Verint Systems Inc., according to people with knowledge of the matter.
    bloomberg.com

    Electronic Arts Nears Takeover by Silver Lake, PIF

    Video-game maker Electronic Arts Inc., is in talks to be taken private by a consortium led by Silver Lake Management, Saudi Arabia’s Public Investment Fund and Jared Kushner’s Affinity Partners, according to people familiar with the matter.
    bloomberg.com

    Solar Firm Pine Gate Preparing for Potential Bankruptcy Filing

    Pine Gate Renewables is negotiating with lenders over a debt restructuring that may be executed through Chapter 11 bankruptcy proceedings, according to people with knowledge of the matter.
    bloomberg.com

    First Brands-Linked Financing Units File for Bankruptcy

    A bankruptcy filing from a group of companies related to ailing First Brands Group LLC triggered another drop in the value of the auto-parts suppliers’ loans.