Private firms under pressure as D&O underwriting tightens amid insolvency wave Insurance Business
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Private firms under pressure as D&O underwriting tightens amid insolvency wave Insurance Business
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Bally’s Corporation has arranged $1.1 billion in new loan commitments, setting the stage for debt refinancing and providing support for major development projects, including its pursuit of a full commercial casino license in New York. The package, backed by Ares Management Credit funds, King Street Capital Management, and TPG Credit, replaces a prior commitment agreement from last year.
The company confirmed that the financing includes a $600 million initial term loan and up to $500 million in delayed draw term loans. The five-year structure features an option for earlier maturity in March 2029 if Bally’s unsecured notes due that year remain outstanding. The loans will be secured by most of Bally’s material assets…
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Facebook App: Open links in External Browser
There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a defect in the browser which should be addressed soon. The simplest approach to avoid this problem is to continue to use the Facebook app but not use the in-app browser.
This can be done through the following steps:
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The government will grant a pension of 1,700 euros per month and offer other tax relief to the victims and relatives of the 2017 floods in western Attica and the 2018 wildfires in Mati, the Finance Ministry announced Tuesday.
In the case of wildfire victims, beneficiaries are the relatives of those who died as well as the burn victims with second or third degree burns and a disability rate of 50% or more who are included in the Burn Victims…
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UFC President Dana White faces intense scrutiny over a massive gambling debt. Reports indicate he owes between $25 million and $50 million to Red Rock Resorts. The story was first reported by Casino.org in September. Sources close to the situation tell The Hollywood Reporter the figure is near $30 million.
This situation is uniquely complicated. Red Rock Resorts is run by Lorenzo and Frank Fertitta. The Fertitta brothers are White’s lifelong friends and former UFC business partners. The debt creates an awkward conflict for the Vegas power players.
Dana White is famously vocal about his gambling. He has called it a “part-time job.” His high-roller exploits are legendary in Las Vegas circles.
He…
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HECS cut: half the $16bn relief aids top earners and lets unis dodge hard questions The Australian
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A journalist has taken her side-project helping others to get out of debt full-time after being made redundant by a regional publisher.
Megan Archer-Fox has announced the move after leaving her role as what’s on editor at Reach plc, based in Birmingham.
Megan, pictured, launched a social media project called That Girl in Debt after finding herself in debt to the tune of £22,500.
Now, preparing to make her final payment, she plans to use the experience to help others who have found themselves in similar situation.
Megan spent nearly four years with Reach, having previously worked for the Wiltshire & Gloucestershire Standard, Oxford Mail and Wolverhampton Express & Star, where she was chief reporter.
She posted on LinkedIn: “Many of…
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The National Company Law Tribunal (NCLT), New Delhi Bench, has approved a resolution plan worth ₹3,800.14 crores for the insolvent Sinnar Thermal Power Limited (STPL). The successful bidder is a consortium of two public sector giants—Maharashtra State Power Generation Company Limited (MAHAGENCO) and NTPC Limited.
The plan, approved under the Insolvency and Bankruptcy Code (IBC), aims to revive the Nashik-based power plant and ensure maximum recovery for creditors. The corporate insolvency resolution process (CIRP) was initiated in September 2022 on an application filed by operational creditor Shapoorji Pallonji & Company Private Limited.
How the resolution pie is shared
The total resolution amount…
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German corporate bankruptcies to surge to a decade high in 2025 whbl.com