Junk Bond Deal for Murray Energy to Take Over Bowie Resource Partners Falls Through

first_imgJunk Bond Deal for Murray Energy to Take Over Bowie Resource Partners Falls Through FacebookTwitterLinkedInEmailPrint分享Wall Street Journal: Bowie Resource Partners LLC, a Kentucky coal-mining company, pulled a $510 million debt deal Friday as investor sentiment toward high-yield debt became more cautious.The deal would have paved the way for a takeover of the company by Murray Energy Corp. and new bondholders.The proposed deal was intended to refinance Bowie debt set to mature in 2020 and would have cashed out Bowie’s current owner, commodity trading firm Trafigura PTE Ltd.The debt deal was a key condition in a new partnership Bowie planned to form with Murray Energy, to be called Canyon Consolidated Resources. Murray Energy was set to take a 30.5% stake in the company, and new bond investors would’ve gotten a 28.5% stake if the debt deal had gone through.The decision to pull the plug on the capital raise puts the fate of the Canyon partnership into question.More:  ($) “Coal Company Bowie Resource Partners Pulls Debt Deal Backing Takeover”last_img read more

Solve the cybersecurity riddle to drive deeper engagement

first_img 16SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Your financial institution strives for balance every day between competing consumer expectations: People want security in their banking whenever and however they choose to do it, but they don’t want it to diminish the speed and convenience they expect in a digital world.It’s a complex riddle that grows more difficult to solve with each passing day. You face constantly evolving threats at nearly every digital touchpoint, whether through online, mobile or tablets. Yet consumers rely on their institutions to detect and stop those threats in real-time while maintaining a seamless, positive user experience.That means striking a balance between having strong protections from top to bottom and minimizing friction for consumers. The Point talked to John Horn, director of SecureNow cybersecurity services for the Digital Banking Group at Fiserv, for analysis of the security challenges financial institutions like yours face and sound strategies that can drive deeper engagement. continue reading »last_img read more