Lilium NV plummets to the ground after gov declines to rescue it mid-air
In our second “falling to earth” headline metaphor of the day, Lilium NV will be shuttering its two subsidiaries after it failed to raise the 100mm in loans…
Category
Debt
Spirit Airlines continues its tailspin
Making more moves to stave off bankruptcy after the courts refused an acquisition by JetBlue, Spirit is set to sell 23 planes and implement a cost-cutting (layoff) round.…
Mnuchin & Liberty Strategic Capital come to the rescue of NYCB
The news on NYCB just keeps coming today, and it appears as if it’s fundraising round was successful. The cash-strapped bank has just issued a press release and…
NYCB stock tanks after WSJ report
The WSJ is reporting that New York Community Bancorp (NYCB) is on a desperate quest for equity capital as it battles to regain investor confidence amidst a backdrop…
SoFi issuing $750mm in new debt
Fintech company SoFi is adding to its $5 billion in debt by issuing $750 million more in convertible notes. The stock is taking a 15% haircut on the…