BlackRock Reportedly Faces $600 Million Loss In Alacrity Restructuring Ahead Of Earnings Report
BlackRock Reportedly Faces $600 Million Loss In Alacrity Restructuring Ahead Of Earnings Report
The restructuring plan involves converting these debts into a new $450 million term loan and $250 million in preferred equity. Senior lenders will acquire 90% ownership of the company post-restructuring, while Goldman Sachs Asset Management will hold the remaining 10%.A major BlackRock Inc. (NYSE:BLK) fund is confronting a loss exceeding $600 million tied to its investment in the insurance outsourcing firm, Alacrity. This development emerges amid the company's ongoing debt challenges.
一家主要的貝萊德公司（紐交所：BLK）基金正在面臨超過60000萬美元的損失，與其在保險外包公司Alacrity的投資有關。這一發展是在該公司面臨持續債務挑戰的背景下出現的。
What Happened: A consortium of private credit funds, including Antares Capital, Blue Owl Capital, KKR, and Goldman Sachs Asset Management, has agreed to take control of Alacrity. BlackRock had acquired a controlling interest in Alacrity in February 2023 through its $4.3 billion Long Term Private Capital strategy, purchasing it from private equity firm Kohlberg & Co., Financial Times reported on Thursday.
發生了什麼：包括Antares Capital、Blue Owl Capital、KKR以及高盛資產管理在內的一組私募信貸基金，已同意接管Alacrity。貝萊德在2023年2月通過其43億的長期股權投資策略，向私募股權公司Kohlberg & Co.購買了Alacrity的控股權，《金融時報》週四報道。
BlackRock's equity investment in Alacrity, valued at over $600 million, will be eliminated as part of the restructuring, as reported by sources familiar with the situation. At the time of BlackRock's investment, Alacrity had approximately $1 billion in senior debt and $500 million in junior debt, the latter provided by Goldman's asset management division.
貝萊德在Alacrity的股權投資，價值超過60000萬美元，將在重組中被消除，消息人士透露。在貝萊德投資時，Alacrity大約有10億美元的優先債務和50000萬美元的次級債務，後者由高盛的資產管理部門提供。
The restructuring plan involves converting these debts into a new $450 million term loan and $250 million in preferred equity. Senior lenders will acquire 90% ownership of the company post-restructuring, while Goldman Sachs Asset Management will hold the remaining 10%.
重組計劃涉及將這些債務轉爲新的45000萬美元定期貸款和25000萬美元優先股。高級債權人在重組後將獲得該公司90%的所有權，而高盛資產管理將持有剩餘的10%。
BlackRock has yet to respond to Benzinga's queries.
貝萊德尚未對Benzinga的詢問作出回應。
Why It Matters: The timing of this financial loss is critical for BlackRock as it prepares to release its fourth-quarter earnings on Jan. 15. Analysts anticipate the company will report earnings of $11.38 per share, a significant increase from $9.66 per share in the previous year. Revenue is projected to reach $5.63 billion, up from $4.63 billion a year earlier. This restructuring loss could impact investor sentiment and the company's financial outlook.
爲什麼這很重要：這一財務損失的時機對貝萊德至關重要，因爲它正準備在1月15日發佈第四季度的業績。分析師預計該公司將報告每股收益爲11.38美元，較去年9.66美元大幅增長。預計營業收入將達到56.3億美元，較一年前的46.3億美元上升。此次重組損失可能會影響投資者的情緒和公司的財務前景。
Moreover, BlackRock's recent definitive agreement to acquire HPS Investment Partners for approximately $12 billion underscores its strategic moves to expand its investment capabilities. The Alacrity restructuring, however, highlights the risks inherent in such large-scale investments and the challenges of managing debt-laden assets.
此外，貝萊德最近達成了以約120億美元收購HPS投資合夥公司的最終協議，強調其擴大投資能力的戰略舉措。然而，Alacrity的重組突顯瞭如此大規模投資所固有的風險以及管理負債資產的挑戰。
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Disclaimer: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.
免責聲明：此內容部分由Benzinga Neuro生成，並由Benzinga編輯審核和發佈。
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譯文內容由第三人軟體翻譯。
