Abacus Finance Group Provides Senior Debt Financing to Support River Associates’ Leveraged Buyout of Horsepower Automotive Group

Abacus Finance Group served as senior secured credit facilities administrative agent and lead arranger in a senior debt financing to support River Associates’ leveraged buyout of Horsepower Automotive Group. Abacus Finance Group also made an equity co-investment in Horsepower Automotive Group. Horsepower Automotive Group is a designer and engineer, manufacturer, and distributor of premium, branded automotive…

India Aims For 50% Debt-To-GDP Ratio By 2030 Amid Continued Fiscal Consolidation

Market snapshot: Union Finance Minister Nirmala Sitharaman announced that India has met its FY26 fiscal deficit target of 4.4% of GDP, representing a critical milestone in the post-pandemic fiscal consolidation roadmap. Speaking in Chicago, the Finance Minister reiterated India’s commitment to lowering its public debt-to-GDP ratio to 50% by 2030, emphasizing that this target will…