Global Leveraged Loan and High Yield Markets at Standstill as Debt Sales Collapse

The glaring instability of the world’s financial markets with interest rates soaring, global currency markets quivering as central banks aggressively tighten monetary policy to temper persistently hot inflation. That is the story line but in reality, the central banks are trying to catch up to bond markets and have lost control through years of loose policy. Inflation is supply driven, the result of political and central bank mismanagement who are all about shifting blame. Underwriters are sitting on debt while … Continue reading “Global Leveraged Loan and High Yield Markets at Standstill as Debt Sales Collapse”

Zendesk Closes $10.2 billion All-cash Acquisition After Soared Over 60 percent on Buyout Deal Talk

Zendesk closed a $10.2 billion all-cash acquisition deal with a group of buyout firms led by Hellman & Friedman LLC and Permira as rumored Thursday after market. Under the terms of the agreement, Zendesk stockholders will receive $77.50 a share, a roughly 34% premium to Thursday’s closing price of $57.95. Premarket $ZEN soared as high as $91, the stock had soared after hours Thursday after the WSJ reported that it was “close to a deal with a group of buyout … Continue reading “Zendesk Closes $10.2 billion All-cash Acquisition After Soared Over 60 percent on Buyout Deal Talk”

Canes Midstream Expands Oil and Natural Gas Portfolio with Acquisition of Cogent Midstream in Southern Midland Basin

With natural gas hitting highs not seen since 2008 and WTI crude oil around $115bbl the Dallas-based portfolio company of EIV Capital and Denham Capital, Canes Midstream LLC closed on the acquisition of Cogent Midstream LLC. The Cogent assets are located in the southern portion of the Permian’s Midland sub-basin. The Cogent system spans 10 Texas counties, with most of the infrastructure located in Reagan and Irion counties.  The acquired assets include 520 million cubic feet per day of processing … Continue reading “Canes Midstream Expands Oil and Natural Gas Portfolio with Acquisition of Cogent Midstream in Southern Midland Basin”