Goldman Sachs
Goldman Sachs
The Goldman Sachs Group Inc is a leading global investment banking firm whose activities are organized into investment banking (20% of net revenue), global markets (45%), asset management (20%), and consumer and wealth management (15%) segments. Approximately 60% of the company's net revenue is generated in the Americas, 15% in Asia, and 25% in Europe, the Middle East, and Africa.
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Both tranches have the same legal final maturity of Oct. 20, 2033, an initial (OC) of 26.00%, and an initial reserve of 0.50%.
October 20 -
The sponsor's assets favor software companies, and the deal brings its total CLO assets under management to $2.2 billion.
September 26 -
One loan is secured by 1,376 single-family rental properties. It's a potential credit strength, because the trust could benefit from lower cash volatility.
September 6 -
The issuer underwriting (UW) rent for data center space is about 17.9% below the sponsor's market rent estimates, leaving potential opportunities for further rent revenue increases.
August 28 -
The deal's higher subordination floor structure conveys protection to the senior classes from losses during the life of the deal, but also presents so-called tail risk to the subordinate classes.
August 21 -
The sale marks the firm's first operating company-level debt sale in about four years.
August 14 -
Fixed-income trading revenue declined 17%, the firm said in a statement Tuesday, leaving Goldman the only major Wall Street bank so far to have posted a drop for that business.
April 18 -
The bonds are initially being marketed at a heavily discounted price of 78 cents, bringing the all-in yield to roughly 14%
April 3 -
(Bloomberg) -- Goldman Sachs Group Inc. is shaking up the leadership ranks at the heart of its capital-market business after a big overhaul in October that merged investment banking and trading operations all in one.
March 29 -
Goldman Sachs provided more details on its pullback from its once-grand ambitions to expand into consumer finance. Though parts of that strategy will remain, the New York bank will halt its personal loan business and postpone offering a checking account for its wealth management customers.
January 17