1 min read · 07 June 2010
Harrah's Entertainment Inc. has agreed to swap a 15.6% equity stake for around $1.12 billion in outstanding bonds. The participating creditors are Paulson & Co. (9.9% equity stake), Apollo Management and TPG Capital. Apollo and TPG are Harrah's majority equity stockholders who acquired the bonds via secondary market purchases.
4 min read · 07 June 2010
1 min read · 07 June 2010
2 min read · 07 June 2010
1 min read · 07 June 2010
GTCR has completed its previously-announced acquisition of Protection One Inc. (Nasdaq: PONE), a Lawrence, Kansas-based provider of electronic security services to the residential, commercial and wholesale markets. Sellers include Quadrangle Group and Monarch Capital Partners. The deal was valued at $828 million, including the refinancing of debt. Protection One stockholders received $15.50 per share, while bebt financing was provided by JP Morgan Chase Bank, Barclays Capital and TCW/Crescent Mezzanine.
4 min read · 06 June 2010
Kjerstin Barley has joined Square 1 Bank as a managing director and regional manager of I-banking in Silicon Valley. She previously was a senior VP with GE Commercial Finance Media, Communications and Entertainment.
2 min read · 06 June 2010
3 min read · 06 June 2010
1 min read · 06 June 2010
1 min read · 06 June 2010
