Debt Financing
Ongoing coverage on Debt Financing.
Latest coverage
Ripple Prime Upsizes Senior Notes to $275 Million, Lands BBB Investment-Grade Stamp
Ripple has successfully upsized its private placement of senior unsecured notes to $275 million through its non-bank prime brokerage arm, Ripple Prime. The notes have secured a BBB investment-grade rating from KBRA, marking a significant achievement for a crypto-adjacent firm. Proceeds will be used for working capital and to scale Ripple Prime's U.S. clearing, prime brokerage, and financing services.
Mass layoffs expected at EA as the now-private publisher reportedly tells its new debt masters that it's going to…
Following its $55 billion acquisition by a consortium including Saudi Arabia's Private Investment Fund, Electronic Arts is reportedly planning mass layoffs to manage significant debt. The publisher has informed debt investors of plans to cut $700 million in annual costs, including $170 million in organizational efficiencies, to service approximately $1.8 billion in annual interest payments.
