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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

贝莱德据报在Alacrity重组中面临60000万美元的亏损,预计将在财报前公布。
Benzinga ·  01/08 22:52

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.

一家主要的贝莱德公司(纽交所:BLK)基金正在面临超过60000万美元的损失,与其在保险外包公司Alacrity的投资有关。这一发展是在该公司面临持续债务挑战的背景下出现的。

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.

发生了什么:包括Antares Capital、Blue Owl Capital、KKR以及高盛资产管理在内的一组私募信贷基金,已同意接管Alacrity。贝莱德在2023年2月通过其43亿的长期股权投资策略,向私募股权公司Kohlberg & Co.购买了Alacrity的控股权,《金融时报》周四报道。

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.

贝莱德在Alacrity的股权投资,价值超过60000万美元,将在重组中被消除,消息人士透露。在贝莱德投资时,Alacrity大约有10亿美元的优先债务和50000万美元的次级债务,后者由高盛的资产管理部门提供。

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%.

重组计划涉及将这些债务转为新的45000万美元定期贷款和25000万美元优先股。高级债权人在重组后将获得该公司90%的所有权,而高盛资产管理将持有剩余的10%。

BlackRock has yet to respond to Benzinga's queries.

贝莱德尚未对Benzinga的询问作出回应。

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.

为什么这很重要:这一财务损失的时机对贝莱德至关重要,因为它正准备在1月15日发布第四季度的财报。分析师预计该公司将报告每股收益为11.38美元,较去年9.66美元大幅增长。预计营业收入将达到56.3亿美元,较一年前的46.3亿美元上升。此次重组损失可能会影响投资者的情绪和公司的财务前景。

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,贝莱德最近达成了以约120亿美元收购HPS投资合伙公司的最终协议,强调其扩大投资能力的战略举措。然而,Alacrity的重组突显了如此大规模投资所固有的风险以及管理负债资产的挑战。

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Disclaimer: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.

免责声明:此内容部分由Benzinga Neuro生成,并由Benzinga编辑审核和发布。

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