Wed.Apr 17, 2024

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Check Processing Made Easy with Biller Genie Check Scanning

Accounting Department

Our friends at Biller Genie have announced a new software update that is packed with new features designed to streamline the check processing process and enhance the financial operations of businesses. This update introduces innovative features that will revolutionize how businesses manage paper checks and adapt to the future of accounting software integrations.

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Exploring Altice France’s Liability Management Options

Reorg Blog

The stir created by French telecommunications and media company Altice France SA’s fourth-quarter 2023 earnings call is yet to die down. The trigger was management’s notification that it had revised its deleveraging target, now aiming to delever below 4x, which would require participation of investors in discounted debt repurchase or exchange transactions.

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Topics that Keep CROs Awake at Night – Part 3: Dealing with Cyber Attacks

Collenda

Cyber Resilience Topics that Keep CROs Awake at Night – Part 3: Dealing with Cyber Attacks As the digital landscape evolves, so does the threat of cyberattacks. Right now, the ECB conducts a critical cyber resilience stress test on 109 banks, probing their recovery capabilities post-attack. Unified BCBS 239 Risk Data Management According to the “Center for Strategic and International Studies” the global economy loses nearly $600 billion to cybercrime each year, representing almost one percent of

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Global Liability Management Quarterly: Altice France Asset Drop-Downs Galvanize Investors Into Organizing; Rackspace Uptier Exchange Less Aggressive Than GoTo Group and Apex Tools; Parties Settle Robertshaw Uptier Challengers; Vedanta Consent Provides About 2 Years Extra Time

Reorg Blog

The post Global Liability Management Quarterly: Altice France Asset Drop-Downs Galvanize Investors Into Organizing; Rackspace Uptier Exchange Less Aggressive Than GoTo Group and Apex Tools; Parties Settle Robertshaw Uptier Challengers; Vedanta Consent Provides About 2 Years Extra Time appeared first on Reorg.

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LSQ Creates $15MM Invoice Finance Facility for Cell Phone Wholesaler

lsq

ORLANDO, Fla. (April 17, 2024) – LSQ, a leading provider of working capital finance and payments solutions, recently originated a $15 million invoice finance facility for a Florida-based distributor of cellular phones and other personal electronic devices. The company will use the additional capital to support its growth trajectory since adding new product lines in the past 18 months.

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Prepackaged DIPs Gaining Popularity, Offer Lucrative Terms to Lenders

Reorg Blog

Legal Research: Josh Neifeld, Jason Sanjana Data Visualization: Ian Howland DIPs in prepackaged chapter 11 cases are on the rise, as reflected in data from Reorg’s Credit Cloud database. In fact, every prepackaged bankruptcy case so far this year has included DIP financing.

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Embracing risk for personal and societal growth

Due

In the grand scheme of life, it is often observed that nothing worthwhile comes without taking risks. This sentiment echoes the profound words of Nelson Mandela, who once said, “There is no passion to be found playing small and settling for a life that’s less than the one you’re capable of living.” This statement is a powerful reminder that to live a life of passion and fulfillment — truly, one must be willing to take risks and step out of one’s comfort zone.

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Covenant Analysis: Exploring Altice France’s Liability Management Options: Debt Push-Down, Priming / Subordination Threats Could Be Used to Coerce Creditors Into a Deal

Reorg Blog

The post Covenant Analysis: Exploring Altice France’s Liability Management Options: Debt Push-Down, Priming / Subordination Threats Could Be Used to Coerce Creditors Into a Deal appeared first on Reorg.

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LSQ Creates $15MM Invoice Finance Facility for Cell Phone Wholesaler

lsq

ORLANDO, Fla. (April 17, 2024) – LSQ, a leading provider of working capital finance and payments solutions, recently originated a $15 million invoice finance facility for a Florida-based distributor of cellular phones and other personal electronic devices. The company will use the additional capital to support its growth trajectory since adding new product lines in the past 18 months.

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Prepackaged DIPs Gaining Popularity, Offer Lucrative Terms to Lenders

Reorg Blog

DIPs in prepackaged chapter 11 cases are on the rise, as reflected in data from Reorg’s Credit Cloud database.

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2024 Fintech baropaper: Connecting generations on the path to digital transformation

Onguard

Each year, Onguard examines how financial professionals view current trends and developments, such as financial technologies, digital transformation, AI, and new payment methods. This study, titled the FinTech Barometer, has been conducted for the seventh time this year. A total of 304 finance professionals participated in the survey, of which 212 were working in financial management and 92 were financial employees.

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President Biden hopes tripled tariffs on China will improve U.S steel

Due

The Biden Administration has announced plans of a new import tax aimed at Chinese steel and materials. On a recent trip to Pittsburgh, the President made the announcement that was titled “New Actions to Protect U.S. Steel and Shipbuilding Industry from China’s Unfair Practices.” Biden wants tariffs to go up on Chinese imports The office of the President is tabling tariffs to safeguard American jobs and infrastructure.

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Geopolitical conflicts impact on global economy

Due

The world of geopolitics is a complex and intricate web where every action can trigger a ripple effect that reverberates globally. This past weekend, we saw this principle in action as two major conflicts, the Israel-Iran war, and the Ukraine-Russia war, escalated significantly. The implications of these developments are far-reaching, with potential impacts on the U.S. economy and the upcoming presidential election.

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