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deutsche bank seeks 200 million loan for blackstone's trans maldivian acquisition
Deutsche Bank is seeking interest from banks and private credit funds for a $200 million loan to assist Blackstone in re-acquiring Trans Maldivian Airways (TMA), valued at under $500 million. The loan, potentially carrying an interest rate of 10% or lower, is still under negotiation.TMA, the largest amphibious seaplane operator globally, has undergone several ownership changes, with Blackstone initially acquiring it in 2013. After being sold to Bain Capital in 2017, TMA is now majority-owned by Carlyle Group, which is reportedly considering a sale valuing the airline between $500 million and $700 million.
deutsche bank explores loan for blackstone's bid for maldives seaplane operator
Deutsche Bank is exploring interest in a $200 million loan to support Blackstone's bid for Trans Maldivian Airways (TMA), with potential interest rates around 10% or lower. Blackstone's offer is under $500 million, and terms of the loan remain negotiable. TMA, the world's largest seaplane operator, has seen improved travel demand post-pandemic, operating a fleet of 65 aircraft and over 400 daily flights.
Shapoorji Pallonji Group Secures Debt Repayment Deferral from Global Investors
Goswami Infratech, part of the Shapoorji Pallonji Group, has secured agreement from global private credit lenders to defer part of a Rs 14,300 crore ($1.7 billion) bond repayment. This move, facilitated by high-yield investors like Cerberus and Varde Partners, aims to support the company's expansion plans while allowing investors to continue earning interest on the remaining amount.
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