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NEW YORK--(BUSINESS WIRE)--Attorney Advertising--Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Citrix Systems, Inc. (“Citrix”) (NASDAQ: C
NEW YORK--( BUSINESS WIRE )--Attorney Advertising--Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Citrix Systems, Inc. (“Citrix”) (NASDAQ:
Private equity deals drive leveraged debt for lenders as Musk moved to close his Twitter buyout. The post Why Zero-Emission Hydrogen Is The New Deal As Private Equity Deal Activity Resets To Old Norma
The T Rowe Price Equity Income Fund (Trades, Portfolio), part of Baltimore-based T. Rowe Price Group Inc. (TROW), disclosed this week that is top sells during the third quarter included the closure of
AUSTIN, Texas & MENLO PARK, Calif.--(BUSINESS WIRE)--Vista Equity Partners (“Vista”), a leading global investment firm focused exclusively on enterprise software, data and technology-enabled busin
The packaged software industry includes companies that offer multiple software programs bundled together to make a complete set.
NEW YORK--(BUSINESS WIRE)--Kyndryl (NYSE: KD), the world's largest IT infrastructure services provider, today announced a global alliance with Citrix (NYSE: CTXS) to help businesses improve workplace
Stocks end lower on Monday, with the Dow down more than 300 points and the S&P 500 finishing below its June closing low.
Where do investors turn in turbulent markets? Investment-grade bonds, says Morgan Stanley.
The trouble with a recent deal for buyout debt could be an even bigger worry if more of that type of lending shifts away from banks.
Shares of PG&E Corp. PCG, -2.70% jumped 4.2% in premarket trading Monday, after the California-based utility was added to the S&P 500 index SPX, -1.72% , a little more than two years after emerging fr

Citrix debt deal prices with large losses for banks

12:40pm, Friday, 23'rd Sep 2022 MarketWatch
Steep discounts could further dampen the outlook for buyout activity by private equity firms tapping the leveraged loans.
Investment banks including Bank of America Corp., Credit Suisse Group AG and Goldman Sachs Group Inc. are on track to collectively lose more than $500 million on debt backing the largest U.S. leverage
Wall Street banks completed the sale of $8.55 billion in loans and bonds backing the leveraged buyout of business software company Citrix Systems Inc by accepting a $700 million loss, a person familia
The sale of Citrix's debt has been closely watched by private-equity investors, who rely on leveraged loans and have found they're more expensive and harder to obtain.
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