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On August 13th Blackstone announced it would buy Dynegy, an energy firm, for nearly $5 billion, the largest buy-out of the year so far but a sum that would scarcely have turned heads in the boom.Back then Blackstone's boss, Steve Schwarzman, was crowned the "new king of Wall Street" and "master of the alternative universe" for his firm's ability to secure financing and do record-breaking deals.
You have to wonder what impact the volatility in the commodity markets and these "CCO" derivatives might be having on Goldman's, AIG's and Monsanto's balance sheets, profitability and perhaps their ability to secure financing.
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Or was the downgrade a result of Goldman's concern over Monsanto's ability to continue to secure financing for their customers, the farmers, amidst financial Armageddon and the credit crisis' impact on the Farm Credit System, a government sponsored enterprise of government backed lending earmarked for agriculture (a role not unlike Freddie Mac and Fannie Mae played in the financial sector)?
The nation's No. 2 airline says it needs the additional labor concessions and the ability to drop traditional pensions to secure financing and leave bankruptcy.
Concern arose about Spyker's ability to fund the final payment after it said in February that it still needed to secure financing for the $24 million.
But those leaders lack any broader constituency, let alone Mr. Arafat's ability to secure international financing or backing.
Delphi had argued that the revised plan, including up to $2.8 billion in loans from G.M., was crucial to its ability to secure needed financing and would not violate the terms of Delphi's court-approved plan to emerge from bankruptcy (REUTERS).
Even Costa has struggled to secure financing.
That makes it more difficult to secure financing.
But the buyers were unable to secure financing.
Dealers are hard-pressed to secure financing for new inventories.
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