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United Air Is Said to Ready $5 Billion Debt Sale for Next Week

(Bloomberg) — A group of banks led by Goldman Sachs Group Inc. may launch a $5 billion debt offering for United Airlines Holdings Inc. as soon as Monday, according to people with knowledge of the matter.Goldman Sachs has started discussions with investors to gauge their level of interest, said the people, who asked not to be named because the talks are private. Early unofficial pricing discussions for a bond that could have a maturity of seven or eight years are for a yield of about 7%, the people said.United is tapping its frequent-flyer program for the deal, the company’s biggest …read more […]

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Fortune Favors the Brave… and So Does the Stock Market

As the coronavirus spread and the market plunged, many investors and analysts said we were headed for a depression.
But as Alexander Green pointed out and savvy wealth builders understood, the market would not be down for long.

Note from Senior Managing Editor Christina Grieves: In today’s article, Alexander Green explains how investors capitalized on a major recovery after the coronavirus crash. But he says the easy money has been made. From here on out, investors need to be much more selective. Which is why Alex is bringing you a new project next week featuring his No. 1 microcap recommendation. Stay tuned …read more […]

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What’s Next for Wirecard’s Debt

(Bloomberg) — German payments firm Wirecard AG was tipped into a full-blown crisis after disclosing it was unable to locate 1.9 billion euros ($2.1 billion) missing from its balance sheet.The company now faces a potential cash crunch and warned lenders could call in loans of as much as 2 billion euros after multiple delays to publication of an audited financial report.Read more: Wirecard Creditors Seek More Transparency Amid Talks About DebtThe company’s creditors are likely to organize and appoint advisers to try and negotiate a solution that gets as much as their money back as possible. Here’s how that may …read more […]

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Oil Companies Shutting Off Drilling Rigs Across U.S. Shale

(Bloomberg) — Oil exploration shrank for a 14th straight week in U.S. fields amid weak crude prices and skepticism about a recovery in energy demand.Drillers idled 10 oil rigs in onshore U.S. fields this week, bringing the total to 189, according to data released Friday by Baker Hughes Co. Despite this week’s rise in crude prices to a three-month high around $40 a barrel, they still are more than 35% below the January high.In the Permian Basin, the oil deposit in West Texas and New Mexico that largely drove the past decade’s surge in U.S. crude output, drillers shut off …read more […]