Rolls-Royce Hits £50 Billion Valuation After Huge Stock Rally
  • December 2, 2024

Rolls-Royce Hits £50 Billion Valuation After Huge Stock Rally

(Bloomberg) -- Rolls-Royce Holdings Plc’s valuation reached £50 billion ($63 billion) for the first time as the stock extends a surge on the back of buoyant demand for long-haul jet engines.Most Read from BloombergAs Wars Rage, Cities Face a Dark New Era of Urban DestructionRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsThe London-based producer of engines like the Trent XWB, which powers some Airbus SE aircraft, closed up 3.2% on Tuesday, extending its year-to-date rally to 97%.

Leveraged Loan Market’s $64 Billion Day Smashes Record
  • December 2, 2024

Leveraged Loan Market’s $64 Billion Day Smashes Record

(Bloomberg) -- The US leveraged-loan market had a record $64.3 billion of deal launches Monday, nearly doubling the prior high set just two weeks ago, as firms take advantage of a still-friendly environment to borrow. Most Read from BloombergAs Wars Rage, Cities Face a Dark New Era of Urban DestructionRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsMost of the 43 transactions brought were to reprice existing loans. Some of the biggest, topping $4 billion each, were from Dunkin’ Do

BlackRock Buys Credit Firm HPS in $12 Billion All-Stock Deal
  • December 2, 2024

BlackRock Buys Credit Firm HPS in $12 Billion All-Stock Deal

(Bloomberg) -- BlackRock Inc. agreed to buy HPS Investment Partners in an all-stock deal valued at roughly $12 billion, a purchase that will propel the world’s largest asset manager into the highest ranks of private credit.Most Read from BloombergAs Wars Rage, Cities Face a Dark New Era of Urban DestructionRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsHPS founders Scott Kapnick, Scot French and Michael Patterson will lead a new private financing solutions business unit with Blac