Home » debt » Page 3

Tagdebt

scratch and dent loan

scratch and dent loan  n.— «A company that invests in high-yield real estate debt is looking to buy loans that have been “kicked out” of commercial MBS deals. Midwest Equities of St. Louis has initially allotted $50 million for...

droga

droga  n.— «A year ago, Angelita Medina Albarran, 47, a garment worker at St. John Knits, took out two loans from Fremont Investment & Loan to cover the entire $600,000 purchase price for 919 W. Camile St., a 1,450-square-foot bungalow...

elephant hunting

elephant hunting  n.— «One strategy particularly at risk is “elephant hunting,” as it is known on Wall Street, or the megabuyout of large publicly traded companies worth tens of billions of dollars.» —“Buyout firms adjust for less...

no-shop period

no-shop period  n.— «Avaya has agreed to be bought out by Silver Lake and TPG Capital, two private equity firms with significant technology holdings, but analysts have said Avaya likely will be saddled with more debt by the deal...

toxic waste

toxic waste  n.— «Basis Capital had assets worth $1 billion as recently as May, before reporting that its Aust-Rim Fund and Yield Fund lost 9 percent and 14 percent, respectively, in June. The funds ran into trouble by investing in the...

get one’s bait back

get one’s bait back  v. phr.— «Bain and its co-investors extracted special payments of over $100 million from each company, enabling Bain to make a healthy profit even before re-selling the businesses—a practice known as “getting...

Recent posts