Ares Management, based in Los Angeles, managed $ 93.5 billion
in credit assets, private equity holdings and real estate as of March 31.
Not exact matches
Important factors that could cause actual results to differ materially from those reflected
in such forward - looking statements and that should be considered
in evaluating our outlook include, but are not limited to, the following: 1) our ability to continue to grow our business and execute our growth strategy, including the timing, execution, and profitability of new and maturing programs; 2) our ability to perform our obligations under our new and maturing commercial, business aircraft, and military development programs, and the related recurring production; 3) our ability to accurately estimate and manage performance, cost, and revenue under our contracts, including our ability to achieve certain cost reductions with respect to the B787 program; 4) margin pressures and the potential for additional forward losses on new and maturing programs; 5) our ability to accommodate, and the cost of accommodating, announced increases
in the build rates of certain aircraft; 6) the effect on aircraft demand and build rates of changing customer preferences for business aircraft, including the effect of global economic conditions on the business aircraft market and expanding conflicts or political unrest
in the Middle East or Asia; 7) customer cancellations or deferrals as a result of global economic uncertainty or otherwise; 8) the effect of economic conditions
in the industries and markets
in which we operate
in the U.S. and globally and any changes therein, including fluctuations
in foreign currency exchange rates; 9) the success and timely execution of key milestones such as the receipt of necessary regulatory approvals, including our ability to obtain
in a timely fashion any required regulatory or other third party approvals for the consummation of our announced acquisition of Asco, and customer adherence to their announced schedules; 10) our ability to successfully negotiate, or re-negotiate, future pricing under our supply agreements with Boeing and our other customers; 11) our ability to enter into profitable supply arrangements with additional customers; 12) the ability of all parties to satisfy their performance requirements under existing supply contracts with our two major customers, Boeing and Airbus, and other customers, and the risk of nonpayment by such customers; 13) any adverse impact on Boeing's and Airbus» production of aircraft resulting from cancellations, deferrals, or reduced orders by their customers or from labor disputes, domestic or international hostilities, or acts of terrorism; 14) any adverse impact on the demand for air travel or our operations from the outbreak of diseases or epidemic or pandemic outbreaks; 15) our ability to avoid or recover from cyber-based or other security attacks, information technology failures, or other disruptions; 16) returns on pension plan
assets and the impact of future discount rate changes on pension obligations; 17) our ability to borrow additional funds or refinance debt, including our ability to obtain the debt to finance the purchase price for our announced acquisition of Asco on favorable terms or at all; 18) competition from commercial aerospace original equipment manufacturers and other aerostructures suppliers; 19) the effect of governmental laws, such as U.S. export control laws and U.S. and foreign anti-bribery laws such as the Foreign Corrupt Practices Act and the United Kingdom Bribery Act, and environmental laws and agency regulations, both
in the U.S. and abroad; 20) the effect of changes
in tax law, such as the effect of The Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect of such changes; 21) any reduction
in our
credit ratings; 22) our dependence on our suppliers, as well as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our
credit facility may not be adequate for our additional capital needs or for payment of interest on, and principal of, our indebtedness; 26) our exposure under our revolving
credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness of any interest rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco
in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions for ourselves and Asco as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing business internationally, including fluctuations
in foreign current exchange rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other things.
The latest change
in tone may also reflect an additional concern - that low interest rates are fostering financial instability by promoting bubbles
in asset prices and stimulating excessive
credit creation.
In the wake of the Target security breach, where up to 70 million customers» credit and debit card details were targeted by fraudsters, more and more businesses are looking to strengthen their IT infrastructure and protect their customers, sensitive data and wider company assets in the proces
In the wake of the Target security breach, where up to 70 million customers»
credit and debit card details were targeted by fraudsters, more and more businesses are looking to strengthen their IT infrastructure and protect their customers, sensitive data and wider company
assets in the proces
in the process.
This smoothie was,
in fact, a fruit - flavored epiphany: I had no liquid
assets, had maxed out my
credit cards, and had put everything I had into the new company.
Now factoring is considered just another kind of so - called «
asset - based commercial lending,» a category that as a whole grew from $ 100 billion of
credit extended at any one time
in the early 1990s to more than $ 325 billion today.
An analysis of a company's debts,
assets, and investments can provide a solid picture of its
credit worthiness, particularly when the data are compared to a composite of companies of similar size
in similar industries.
«Given (new CEO Christian Sewing's) background
in credit risk and commercial banking it could be seen as a signal of a move from investment banking,» Colin McLean, managing director at SVM
Asset Management, told CNBC
in an email.
There's opportunity
in emerging market debt despite growing concerns over higher
credit levels and the impact of a strong dollar, the chief executive of Goldman Sachs
Asset Management told CNBC on Tuesday.
Many lenders are
in the game: big banks ($ 10 billion - plus
in assets), smaller, regional banks,
credit unions, alternative lenders and, increasingly, institutional investors who buy loans on marketplace lending platforms.
On top of the risk of federal prosecution, IRS targeting and
asset seizure, cannabis entrepreneurs have to cope with the hazards of conducting a business that deals mostly
in cash, since a majority of traditional financial institutions — banks,
credit card issuers, and payment transaction companies — won't provide services to the industry.
Your balance sheets will help show the bank the worth of your
assets and the strength of your company, which can
in turn determine the SBA loan or line of
credit amount you qualify for that would best fit your business's needs.
So
in other words, if you want to take out a $ 1 million line of
credit, you'll probably need seven figures» worth of equipment, real estate, or other
assets the bank can anchor onto — and make a claim to,
in case you default.
«
In soliciting investments in the Fake Funds, CASPERSEN made the following false representations to investors, among others: in recognition for his prior work with Park Hill Group, CASPERSEN had been offered a «friends and family» investment allocation in a security that was allegedly offered by a private equity firm; CASPERSEN was personally investing in the security, and offering it to his family and a limited number of friends; the investment was a credit facility secured by a portfolio of assets owned by one of the Legitimate Funds; the investor would receive quarterly interest payments, ranging from 15 to 20 percent; the investment was practically risk - free, as the loaned funds would remain in a bank account; the investor could withdraw the principal at any time with 90 days» notice; and investor funds should be wired to one of the Fake Fund Account
In soliciting investments
in the Fake Funds, CASPERSEN made the following false representations to investors, among others: in recognition for his prior work with Park Hill Group, CASPERSEN had been offered a «friends and family» investment allocation in a security that was allegedly offered by a private equity firm; CASPERSEN was personally investing in the security, and offering it to his family and a limited number of friends; the investment was a credit facility secured by a portfolio of assets owned by one of the Legitimate Funds; the investor would receive quarterly interest payments, ranging from 15 to 20 percent; the investment was practically risk - free, as the loaned funds would remain in a bank account; the investor could withdraw the principal at any time with 90 days» notice; and investor funds should be wired to one of the Fake Fund Account
in the Fake Funds, CASPERSEN made the following false representations to investors, among others:
in recognition for his prior work with Park Hill Group, CASPERSEN had been offered a «friends and family» investment allocation in a security that was allegedly offered by a private equity firm; CASPERSEN was personally investing in the security, and offering it to his family and a limited number of friends; the investment was a credit facility secured by a portfolio of assets owned by one of the Legitimate Funds; the investor would receive quarterly interest payments, ranging from 15 to 20 percent; the investment was practically risk - free, as the loaned funds would remain in a bank account; the investor could withdraw the principal at any time with 90 days» notice; and investor funds should be wired to one of the Fake Fund Account
in recognition for his prior work with Park Hill Group, CASPERSEN had been offered a «friends and family» investment allocation
in a security that was allegedly offered by a private equity firm; CASPERSEN was personally investing in the security, and offering it to his family and a limited number of friends; the investment was a credit facility secured by a portfolio of assets owned by one of the Legitimate Funds; the investor would receive quarterly interest payments, ranging from 15 to 20 percent; the investment was practically risk - free, as the loaned funds would remain in a bank account; the investor could withdraw the principal at any time with 90 days» notice; and investor funds should be wired to one of the Fake Fund Account
in a security that was allegedly offered by a private equity firm; CASPERSEN was personally investing
in the security, and offering it to his family and a limited number of friends; the investment was a credit facility secured by a portfolio of assets owned by one of the Legitimate Funds; the investor would receive quarterly interest payments, ranging from 15 to 20 percent; the investment was practically risk - free, as the loaned funds would remain in a bank account; the investor could withdraw the principal at any time with 90 days» notice; and investor funds should be wired to one of the Fake Fund Account
in the security, and offering it to his family and a limited number of friends; the investment was a
credit facility secured by a portfolio of
assets owned by one of the Legitimate Funds; the investor would receive quarterly interest payments, ranging from 15 to 20 percent; the investment was practically risk - free, as the loaned funds would remain
in a bank account; the investor could withdraw the principal at any time with 90 days» notice; and investor funds should be wired to one of the Fake Fund Account
in a bank account; the investor could withdraw the principal at any time with 90 days» notice; and investor funds should be wired to one of the Fake Fund Accounts.
As Ron Lawson, managing director at the U.S. - based Logic Advisors, explains, without easy access to
credit, agricultural producers were forced to cash
in their
assets to secure funds.
Assets rose mainly
in «alternative risk premia», an automated investment style, but also thanks to the launch of a $ 400 million European
credit product and modest flows into computer - driven and discretionary long - only funds.
Meanwhile, trading on margins,
credit and futures of bitcoin as an underlying
asset soared from $ 2 million
in 2014 to $ 543 billion
in 2017.
The SEC and the CFTC has repeatedly warned about leveraged and inverse products, many of which are Exchange Traded Notes, which are not backed by any product but instead are backed by the
assets of the company issuing the note (
in the case of XIV it is
Credit Suisse).
Asset financing, whether it involves your company's property, inventory or outstanding invoices, can give small businesses the lifeline of access to cash or
credit in the short term.
NMG would then be required to deposit daily
in a collection account maintained with the agent under the
Asset - Based Revolving
Credit Facility.
We would then be required to deposit daily
in a collection account maintained with the agent under the
Asset - Based Revolving
Credit Facility.
In addition, at any time when incremental term loans are outstanding, if the aggregate amount outstanding under the
Asset - Based Revolving
Credit Facility exceeds the reported value of inventory owned by the borrowers and guarantors, NMG will be required to eliminate such excess within a limited period of time.
There is no scheduled amortization under the
Asset - Based Revolving
Credit Facility; the principal amount of the revolving loans outstanding thereunder will be due and payable
in full on May 17, 2016, unless extended, or if earlier, the maturity date of the Senior Secured Term Loan Facility and the Senior Subordinated Notes (subject to certain exceptions).
At July 28, 2012, borrowings under the
Asset - Based Revolving
Credit Facility bore interest at a rate per annum equal to, at NMG's option, either (a) a base rate determined by reference to the highest of (i) a defined prime rate, (ii) the federal funds effective rate plus 1/2 of 1.00 % or (iii) a one - month LIBOR rate plus 1.00 % or (b) a LIBOR rate, subject to certain adjustments,
in each case plus an applicable margin.
Under the new changes, «small creditor» — now defined as institutions with less than $ 2 billion
in assets originating fewer than 500 first - lien mortgages per calendar year — would now apply to a 2,000 - loan annual origination limit, effectively easing the path for more banks and
credit unions to comply with the ability - to - repay rule.
At April 27, 2013, borrowings under the
Asset - Based Revolving
Credit Facility bore interest at a rate per annum equal to, at NMG's option, either (a) a base rate determined by reference to the highest of (i) a defined prime rate, (ii) the federal funds effective rate plus 1/2 of 1.00 % or (iii) a one - month LIBOR rate plus 1.00 % or (b) a LIBOR rate, subject to certain adjustments,
in each case plus an applicable margin.
If at any time the aggregate amount of outstanding revolving loans, unreimbursed letter of
credit drawings and undrawn letters of credit under the Asset - Based Revolving Credit Facility exceeds the lesser of (a) the commitment amount and (b) the borrowing base (including as a result of reductions to the borrowing base that would result from certain non-ordinary course sales of inventory with a value in excess of $ 25 million, if applicable), NMG will be required to repay outstanding loans or cash collateralize letters of credit in an aggregate amount equal to such excess, with no reduction of the commitment a
credit drawings and undrawn letters of
credit under the Asset - Based Revolving Credit Facility exceeds the lesser of (a) the commitment amount and (b) the borrowing base (including as a result of reductions to the borrowing base that would result from certain non-ordinary course sales of inventory with a value in excess of $ 25 million, if applicable), NMG will be required to repay outstanding loans or cash collateralize letters of credit in an aggregate amount equal to such excess, with no reduction of the commitment a
credit under the
Asset - Based Revolving
Credit Facility exceeds the lesser of (a) the commitment amount and (b) the borrowing base (including as a result of reductions to the borrowing base that would result from certain non-ordinary course sales of inventory with a value in excess of $ 25 million, if applicable), NMG will be required to repay outstanding loans or cash collateralize letters of credit in an aggregate amount equal to such excess, with no reduction of the commitment a
Credit Facility exceeds the lesser of (a) the commitment amount and (b) the borrowing base (including as a result of reductions to the borrowing base that would result from certain non-ordinary course sales of inventory with a value
in excess of $ 25 million, if applicable), NMG will be required to repay outstanding loans or cash collateralize letters of
credit in an aggregate amount equal to such excess, with no reduction of the commitment a
credit in an aggregate amount equal to such excess, with no reduction of the commitment amount.
In addition, at any time when incremental term loans are outstanding, if the aggregate amount outstanding under the
Asset - Based Revolving
Credit Facility exceeds the reported value of inventory owned by the borrowers and guarantors, we will be required to eliminate such excess within a limited period of time.
If at any time the aggregate amount of outstanding revolving loans, unreimbursed letter of
credit drawings and undrawn letters of credit under the Asset - Based Revolving Credit Facility exceeds the lesser of (a) the commitment amount and (b) the borrowing base (including as a result of reductions to the borrowing base that would result from certain non-ordinary course sales of inventory with a value in excess of $ 25 million, if applicable), we will be required to repay outstanding loans or cash collateralize letters of credit in an aggregate amount equal to such excess, with no reduction of the commitment a
credit drawings and undrawn letters of
credit under the Asset - Based Revolving Credit Facility exceeds the lesser of (a) the commitment amount and (b) the borrowing base (including as a result of reductions to the borrowing base that would result from certain non-ordinary course sales of inventory with a value in excess of $ 25 million, if applicable), we will be required to repay outstanding loans or cash collateralize letters of credit in an aggregate amount equal to such excess, with no reduction of the commitment a
credit under the
Asset - Based Revolving
Credit Facility exceeds the lesser of (a) the commitment amount and (b) the borrowing base (including as a result of reductions to the borrowing base that would result from certain non-ordinary course sales of inventory with a value in excess of $ 25 million, if applicable), we will be required to repay outstanding loans or cash collateralize letters of credit in an aggregate amount equal to such excess, with no reduction of the commitment a
Credit Facility exceeds the lesser of (a) the commitment amount and (b) the borrowing base (including as a result of reductions to the borrowing base that would result from certain non-ordinary course sales of inventory with a value
in excess of $ 25 million, if applicable), we will be required to repay outstanding loans or cash collateralize letters of
credit in an aggregate amount equal to such excess, with no reduction of the commitment a
credit in an aggregate amount equal to such excess, with no reduction of the commitment amount.
If you buy Treasury paper and hold it at a broker you can use those
assets in a portfolio line of
credit.
Of course, with debt
in 2016 rising by roughly 40 — 45 percentage points of GDP while nominal GDP grew by less than 8 percent, it isn't easy to explain how the real value of
assets in China grew by roughly 40 — 45 percentage points of GDP, nor why it is proving so difficult to rein
in credit growth without a sharp slowdown
in GDP growth.
This is because higher inflows will cause adjustments
in the economy — potentially including lower
credit card rates, a stronger dollar, weaker lending standards, higher unemployment and surging
asset markets» - Could you please provide us the explanation of a rising unemployment
in the US
in the case of a stronger US$?
A pioneer
in the leveraged loan market, the firm has evolved over 25 years, building on its
credit expertise and value - based approach to expand into other
asset classes.
During this period, the Federal Reserve tried to support employment by cutting its federal funds rate target nearly to zero; by creating a number of special liquidity facilities to support the extension of
credit; and by engaging
in a large scale
asset purchase program, buying Treasuries, agency debt and agency mortgage - backed securities.
After all, when a central bank influences the cost of financing through changes
in the policy interest rate, its actions affect the economy by changing
asset prices, encouraging or discouraging risk taking, and influencing
credit flows.
Many central banks, especially during the most acute phases of the crisis, also employed policies known as «
credit easing,» which involves purchases of private sector
assets in certain
credit markets that are important to the functioning of the financial system but are temporarily impaired.
The HRC considered the fact that, despite
credit write - downs
in its home equity loan portfolio and a Visa - related litigation expense accrual, the Company's business performance for 2007 was strong, as exemplified by one of the highest returns on equity and returns on
assets in our Peer Group.
Those backing the Crapo bill say its main purpose is to relieve community banks and
credit unions — generally those with $ 10 billion or less
in assets — from some of Dodd - Frank's requirements that may be onerous for smaller institutions.
The NAV (net
asset value) of a bond fund will move up or down based on a number of factors such as changes
in interest rates,
credit quality, and currency values (for international bonds) for the different bond holdings
in the fund.
In order to advise you on your debt situation, you'll need to provide the
credit counselor with information about the debt you owe, your income, expenses and any
assets you may own that could be used to help pay off the debt.
In September, some two months after partnering with the popular Korean exchange Bithumb, it stopped supporting
credit card purchases of digital
assets, as did Hyundai, Hana, BC, and Lotte.
Assets are converted into tradable securities, which
in turn eliminates
credit risks.
The Company uses the proceeds raised from the issuance of units to invest
in SMEs through local market sub-advisors
in a diversified portfolio of financial
assets, including direct loans, convertible debt instruments, trade finance, structured
credit and preferred and common equity investments.
The fund may invest
in asset - backed («ABS») and mortgage - backed securities («MBS») which are subject to
credit, prepayment and extension risk, and react differently to changes
in interest rates than other bonds.
Highland Capital Brasil Gestora de Recursos («HCB») is an
asset management company which pursues investment opportunities
in Emerging Market
credit strategies with a primary focus on Brazilian corporate debt.
Because of the Durbin amendment, as of October 1, 2011, debit interchange is capped for transactions (21 cents, plus 5 basis points -LRB-.05 %), plus an additional penny for issuers that qualify for fraud) for debit cards issued by banks and
credit unions with $ 10 billion
in assets or more.
Since our founding
in 1984, we've applied our insight and experience to organically expand into several
asset classes including private equity,
credit, public equity, venture capital and real estate.
Managers employ fundamental
credit processes focused on valuation and
asset coverage of securities of distressed firms;
in most cases portfolio exposures are concentrated
in instruments that are publicly traded,
in some cases actively and
in others under reduced liquidity but
in general for which a reasonable public market exists.
Many small business owners are interested
in a loan or line of
credit for their business, but don't have the specific collateral a bank may require, such as real estate, inventory or other hard
assets.
Easy monetary conditions should keep yields compressed
in the near term and support risk
assets, including European
credit and equities.