– Long term debt management strategy will strengthen the balance sheet without increasing total liabilities

– Refinancing term debt facility lowers interest expense, eliminates near-term amortization payments, and significantly extends debt maturity

PALO ALTO, Calif., Feb. 24, 2025 (GLOBE NEWSWIRE) — BridgeBio Pharma, Inc. (Nasdaq: BBIO) (the “Company,” “we” or “BridgeBio”) announced today that it intends to offer, subject to market conditions and other factors,…

Several former directors of a luxury fashion retailer are locked in a High Court dispute with the company’s liquidators over allegations of “serious mismanagement” before its collapse.

Three former senior employees of Farfetch, which was placed into liquidation last year, are at the centre of an investigation into the circumstances leading to its failure.

The liquidators have raised concerns that the online luxury clothing and accessories seller may have been “seriously mismanaged” by members of its leadership team in the run-up to its collapse. These include José Neves, the founder of Farfetch, Stephanie Phair, former group president, and Elliot Jordan, ex-chief financial officer.

Alvarez & Marsal, the liquidator, is…

THE NUMBER of registered construction insolvencies in England and Wales was 291 in December 2024.

The December figure is 8% lower than in November 2024 when 316 construction companies went bust.

Overall, construction firms accounted for 16.3% of all insolvencies in England and Wales in December 2024, according to the Insolvency Service.

By rough comparison, construction firms accounted for 14% of all registered businesses in the UK in 2024.

Total Construction Insolvencies

The total number of construction firms becoming insolvent in 2024 was 4,032. This was an 8.1% decrease on the 4,388 insolvencies recorded in 2023, and a 25.3% increase on the 3,218 in pre-pandemic 2019.

Of all…

Three weeks after the Reserve Bank of India (RBI) submitted a plea to initiate corporate insolvency resolution proceedings (CIRP) against Delhi NCR-based non-banking financial company (NBFC) AVIOM India Housing Finance, the National Company Law Tribunal (NCLT) has granted approval for the petition.

Earlier, the Reserve Bank had taken action by superseding AVIOM’s board due to governance concerns and defaults in fulfilling various payment obligations. Following this, the central bank appointed Ram Kumar, former Chief General Manager of Punjab National Bank, as the company’s Administrator. This measure was undertaken based on the recommendation of the National Housing Bank (NHB).

In a statement released in November 2024, AVIOM India Housing…

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously said that ‘Volatility is far from synonymous with risk.’ So it might be obvious that you need to consider debt, when you think about how risky any given stock is, because too much debt can sink a company. We can see that Corsair Gaming, Inc. (NASDAQ:CRSR) does use debt in its business. But the more important question is: how much risk is that debt creating?

What Risk Does Debt Bring?

Generally speaking, debt only becomes a real problem when a company can’t easily pay it off, either by raising capital or with its own cash flow. If things get really bad, the lenders can take control of the business. However, a…