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Debt For Equity Swap

All articles tagged with #debt for equity swap

business15 days ago•16 min saved

WD monetizes SanDisk stake via $3B swap, triggering Sandisk share slump

Western Digital confirmed plans to monetize its SanDisk stake through a debt-for-equity swap totaling over $3 billion, continuing the unwind of their split flash business; SanDisk stock dropped sharply, with after-hours losses over 8%, though SanDisk says it is not selling stock. WD also signaled about $4 billion in share buybacks and a plan to unload the remaining Sandisk stake, a move WD had telegraphed ahead of the spin-off’s February anniversary.

via Sherwood News|

#business #debt-for-equity-swap #sandisk

business2 years ago•2 min saved

Carvana's Q2 Profit Exceeds Expectations, Stock Surges.

Carvana, the largest online used car retailer in the US, announced that it expects to report a profit in Q2 2021, causing its stock to surge by over 40%. While the company's Q1 adjusted EPS loss of $1.51 beat analyst expectations, its debt load of $8.7 billion has been a burden on its stock price. However, a debt-for-equity swap offered by bondholders may provide a "potentially BIG lifeline" for Carvana, according to Oppenheimer analyst Brian Nagel.

via Yahoo Finance|

#business #carvana #debt-for-equity-swap