#debt-financing

#debt-financing

Elon Musk's bankers are looking to trim the debt that xAI has taken on over the past few years, following the company's merger with SpaceX, a new report from Bloomberg says. xAI has built up $18 billion in debt over the past few years, with some of this being attributed to the purchase of social media platform Twitter (now X) and the creation of the AI development company. Bankers are trying to create some kind of financing plan that would trim "some of the heavy interest costs" that come with the debt. The financing deal would help trim some of the financial burden that is currently present ahead of the plan to take SpaceX public sometime this year.

But the massive initiative, called Stargate, may be exhausting the supply of available capital. JPMorgan Chase, the bank that recently led a pack of lenders to extend roughly $38 billion of debt for the construction of two planned Stargate data center campuses in Texas and Wisconsin, has encountered diminished interest as it has sold off pieces of the loan to other financial players, a person familiar with the situation said.

The streaming company once known as "Debtflix," before it started generating heavy cash flow, is looking to add tens of billions of dollars of debt to finance its planned $72 billion acquisition of most of Warner Bros. Discovery Inc. But Netflix Inc. has a stronger balance sheet than it did before the pandemic, which will probably allow the company to boost the price it pays in any bidding war that emerges, while remaining investment grade.

Healthcare is a long-term industry. It's about long-term health. It's about maintaining people's health over decades. Private equity's business model just inherently is short-term based. They are looking to get a company, profit off of it, exit the company in whatever way that is, whether it be bankruptcy or IPO or selling it off to another private equity firm," said Matt Parr, communications director of the Private Equity Stakeholder Project, a nonprofit that has been tracking private equity moves.

In a development that the UK's fourth largest full-fibre network has said reinforces confidence in its ability to deliver at scale while staying on track with its profitability targets, and in the face of stiff economic headwinds hitting similar companies, UK alternative network provider (altnet) Netomnia has announced that it has added £140m to its junior debt raise. The investment builds on Netomnia's £880m senior debt commitment, bringing total debt funding support to £1.2bn, and completes the £300m junior debt raise round.

Pennymac plans to use proceeds from its offering to repay borrowings under secured MSR facilities and other secured indebtedness. The offering is contingent upon market conditions.