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 sale
Rite Aid Corporation today announced that it has commenced an offer to purchase for cash (the "Asset Sale
Offer") up to $900,000,000 of its outstanding 9.25% Senior Notes due 2020, 6.75% Senior Notes due 2021 and 6.125% Senior Notes due 2023, with a portion of the net cash proceeds received to date from the previously announced sale to Walgreens Boots Alliance, Inc.
A 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.