It helps establish a relation between the size of financing need and the choice between an
asset sale and a security issuance.
The
asset sale remains subject to the satisfaction of customary closing conditions, including applicable regulatory approvals, and the approval of the company's shareholders.
Fitch does not envisage a more material
asset sale at this moment, but believes that non-core
asset sales of between BRL2.0 billion to BRL2.5 billion would be considered positive by creditors and could help the company with its refinancing discussions.
Global Banking News-June 1, 2018--India's PNB Bank could raise capital through
asset saleA representative of ConocoPhillips declined to comment on this specific
asset sale but said: 'It is common in the energy business for companies to review, readjust and optimise their portfolio from time to time.' A Wells Fargo representative declined to comment.
"Billabong also announces it is currently in discussions with Altamont Capital Partners and in discussions with Sycamore Partners regarding proposals presented to the company for alternative refinancing and
asset sale transactions," it said.
(NASDAQ: SCMR) said it has signed a definitive
asset sale agreement to sell substantially all of the assets of its Intelligent Bandwidth Management business to a subsidiary of Marlin Equity Partners (Marlin) for $18.75 million.
Slone, the petitioners prevailed when the Tax Court refused to apply the substance-over-form doctrine to recast a sale of a company's stock following an
asset sale as a liquidating distribution.
The company is currently considering alternatives to an immediate
asset sale.
has closed three
asset sale transactions in the last month that have generated around $100 million in cash.
He also engages in valuing portfolios, structuring pooling and asset selection strategies, providing
asset sale recommendations to clients, and managing deal executions.
