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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.
paul goldschmid to leave king street capital for new venture
Paul Goldschmid, a long-time partner at King Street Capital Management, is set to leave the $26 billion hedge fund firm. Since joining in 2011, he played a key role in managing the firm's hedge fund and drawdown vehicles focused on credit. Goldschmid plans to establish his own firm.