Blackstone's debt for TR unit buy totals more than US$15bn [Reuters]
Bank of America Corporation (BAC)
Last bank of america corporation earnings: 4/15 06:45 am
Check Earnings Report
US:NYSE Investor Relations:
investor.bankofamerica.com
Company Research
Source: Reuters
Blackstone's debt for TR unit buy totals more than $15 billion | Reuters 4 Min Read LONDON (LPC) - The financing backing US private equity firm Blackstone Group’s ( BX.N ) acquisition of a majority stake in Thomson Reuters’ Financial and Risk (F&R) unit ( TRI.TO ) totals more than $15 billion, banking sources said on Friday. The deal, which consists of a $14 billion loan and bond financing, also includes a $1 billion Payment In Kind (PIK) note at the holding company level, two sources said. The $14 billion financing is currently being marketed to other banks by the three lead banks Bank of America Merrill Lynch, Citigroup and JP Morgan. The $1 billion PIK note has already been placed, the sources said. PIK notes are used to increase the amount of debt in buyouts by giving issuers the right to pay interest in the form of additional debt. The three lead banks are talking to banks, including Barclays, Deutsche Bank, Goldman Sachs, HSBC and RBC, which are being offered fees to underwr
Show less
Read more
Impact Snapshot
Event Time:
BAC
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
BAC alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
BAC alerts
High impacting Bank of America Corporation news events
Weekly update
A roundup of the hottest topics
BAC
News
- Stocks' bull run will end in a bubble or recession, says Bank of America strategist [Yahoo! Finance]Yahoo! Finance
- Charlotte Business Alliance picks former Bank of America executive as interim CEO [Yahoo! Finance]Yahoo! Finance
- Ex-Merrill Lynch Banker Named in Hong Kong Insider-Dealing Case [BNN Bloomberg (Canada)]BNN Bloomberg
- Charlotte Regional Business Alliance names Andrea B. Smith as interim CEO and announces search partner [Yahoo! Finance]Yahoo! Finance
- Aptiv PLC (NYSE:APTV) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
BAC
Earnings
- 4/16/24 - Beat
BAC
Sec Filings
- 5/3/24 - Form 424B2
- 5/3/24 - Form 4
- 5/3/24 - Form 4
- BAC's page on the SEC website