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iHeart Likely Can’t Address 2026 Maturity Wall

Reorg Blog

Given iHeartMedia’s $3 bn May 2026 maturity wall and current yields on its debt, there has been speculation in the market that the company may pursue a liability management transaction such as a drop-down.

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Court Finds Wesco/Incora Uptier Exchange Breached Indenture, Restores Liens Securing All 2026 Wesco/Incora Notes

Reorg Blog

As expected, in an oral ruling this afternoon, Judge Marvin Isgur issued a declaration that all “rights, liens and interests” of 2026 secured noteholders survived the Wesco/Incora debtors’ March 2022 non-pro-rata secured uptier exchange transaction. Judge Isgur also declared that

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Victoria Plc Bonds Slide Over Drop-Down Transaction Fears; Bondholders Organize, Close to Mandating Legal Advisor  

Reorg Blog

headquartered carpet and tiles distributor Victoria has today seen its €500 million senior secured notes due 2026 drop by around 3 points to 90 and its €250 million SSNs due 2028 Reporting: Robert Schach Credit Research: Charlie Ward Legal Research: Azzurra Camillieri, Bart Capeci U.K.-headquartered

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The CFPB section 1071 effective date

Abrigo

Takeaway 2 Reporting tiers and their deadlines are based on the number of covered transactions to small businesses that a lender originated in 2022 and 2023. In fact, a company or organization must have originated at least 100 covered credit transactions in 2022 and 100 in 2023 to fall under the rule’s requirements at all (i.e.,

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FinCEN issues rules impacting real estate and investment advisory compliance

Abrigo

The subjective nature of real estate pricing makes for easily manipulated transactions. It excludes personal transactions, which are more transparent and pose less money laundering risk. It excludes personal transactions, which are more transparent and pose less money laundering risk. real estate. cash purchases).

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France’s E-Invoicing Mandate: What It Entails, What It Means for You & How to Ensure Compliance By 2024

The Esker Blog

B2G (business-to-government) e-invoicing has been mandatory since 2017, and soon, the same will be required of all B2B (business-to-business) transactions as well. 153 of France’s Finance Law 2020, making e-invoicing mandatory for all domestic B2B transactions starting in 2024. On December 28, 2019, the French government passed Art.

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Primary/Waterfall Analysis: EG Group

Reorg Blog

EG Group has launched an amend-and-extend transaction to push out the maturities on about $6.09 The transaction will term out the 2025 term loan Bs by three years, and one 2026 term loan B by two years to 2028. billion of its existing term loan Bs. Commitments are due tomorrow, Wednesday, June 21.