KEY RATING DRIVERS Higher Working Capital: GAR used more working-capital loans to finance the expansion in downstream capacity.
|
|
Fitch has revised its rating sensitivities to focus on CFO rather than net working capital days in light of the continued stress on working capital, and the high risk of obsolescence of handsets, which could distort working capital days.
|
|
Increased Working Capital Demand: Fitch expects Yestar's working capital requirements to increase significantly as IVD takes up a larger part of Yestar's business.
|
|
These loans tend to have limited covenants, are not secured by specific working capital assets and are junior to the working capital loans.
|
|
Fitch has deducted this item from cash flow from investments and added it to working capital as cash paid to suppliers, as Fitch treats such payments as working capital outflows.
|
|
Fitch has deducted these items from cash flow from investments and added these to working capital (as cash paid to suppliers), as Fitch treats these payments as working capital outflows.
|
|
Fellow – An API for working capital Many companies struggle to find working capital when it is most needed — the end of the month when employees and contracts need to be paid.
|
|
High Working Capital: The above strengths are balanced by the company's limited bargaining power with its top customers, which has resulted in high working capital requirements and negative cash flow from operations (CFO).
|
|
Working Capital Keeps Leverage High: Tiphone has had to seek external borrowing to finance its high working capital and this has resulted in gross debt/EBITDA reaching a peak of 4.3x in 173.
|
|
The remaining 10 percent will be used for working capital.
|
|
Its disbursements are typically used as working capital for SMEs.
|
|
Such items make up what is often called working capital.
|
|
We model positive 2Q FCF, primarily related to positive working capital.
|
|
That is working capital which small-time exporters cannot easily replace.
|
|
Because of this, Xu said GrubMarket doesn't need any working capital.
|
|
The bank also provides commercial banking services, mainly working capital facilities.
|
|
Annual volatility around this figure may result from working capital swings.
|
|
Proceeds from the issuance will be used for working capital purposes.
|
|
Fitch sees the extended working capital cycle as a credit weakness.
|
|
Regulatory, Currency, Working-Capital Challenges: The nature of Syngenta's operations means it is fairly exposed to emerging markets FX volatility, regulatory changes on approvals of products and working-capital swings due to seasonality and weather patterns.
|
|
BASS: Yeah, they've always been able to grow their working capital account.
|
|
Issue proceeds will be used to support the company's working capital requirements.
|
|
The proceeds from the issuance will be used for working capital purposes.
|
|
No money, no working capital, no raw material supplies, people on strike.
|
|
The most common type of funding was working capital for business expansion.
|
|
High leverage and seasonality of working capital also weigh on the ratings.
|
|
The equivalent of net working capital has been classified as restricted cash.
|
|
Spotify wrung €439 million of cash out of working capital in 2017.
|
|
Simultaneously, a working-capital diagnostic can highlight potential short-term cash releases.
|
|
Noble noted that the unit was its "most working capital intensive" operation.
|
|
It will use the remainder for loan repayment and general working capital.
|
|
It made an operating profit before working capital changes of US$330.5m.
|
|
The company said it had suffered from a very low rate of capacity utilisation because of a working capital shortage after the devaluation of the Egyptian pound; it expects to cover the working capital gap gradually in coming quarters.
|
|
Seasonal working capital needs are highest during the first and early fourth quarters and trough-to-peak liquidity can vary in the range of approximately $600 million to $800 million with timing of payments also affecting working capital swings.
|
|
DIST's borrowings are entirely short-term in nature and fund working capital requirements.
|
|
AUTO plans to use the proceeds from the issuance to fund working capital.
|
|
The company's operating cash flow before working capital changes stood at $4.5 billion.
|
|
As for fine details: Funding Societies is primarily focused on working capital loans.
|
|
The remaining 3 billion yuan will be used for the company's working capital.
|
|
In addition, the purchase price is estimated based upon the working capital acquired.
|
|
Too many vehicles in transit can put a strain on Tesla's working capital.
|
|
The net proceeds will be used for working capital and general corporate purposes.
|
|
Protelindo will use the proceeds from the proposed bonds for working capital purposes.
|
|
Fitch expects IPG to maintain sufficient liquidity to handle seasonal working capital swings.
|
|
The latter enables businesses to sell their unpaid invoices to provide working capital.
|
|
Proceeds are going toward working capital, investments in tangible assets and loan originations.
|
|
The proceeds from the issue will be used for working capital and refinancing.
|
|
Proceeds will be used to pay debt and strengthen the company's working capital.
|
|
It had negative working capital and was encumbered by $60 million in debt.
|
|
The proceeds will be used as working capital and for general corporate purposes.
|
|
KEY RATING DRIVERS Working Capital Pressure: Fitch believes Pan Brothers' increasing exposure as a logistics partner to its customers has partly contributed to its high working capital requirements, which have resulted in negative cash flow from operations and high leverage.
|
|
Fitch expects FCF turning moderately negative in 2016 due to increased working capital requirements.
|
|
The high working capital requirements could make smaller players vulnerable to defaults and closures.
|
|
It also plans to use the proceeds for working capital and general corporate purposes.
|
|
Access to working capital is a major challenge in developed markets such as India.
|
|
However, the changes in outstanding receivables factoring are reported as a working-capital movement.
|
|
Proceeds will be used to fund capital expenditures, working capital and general corporate expenses.
|
|
Other constraints include its volatile working-capital requirement and exposure to foreign-exchange risk.
|
|
Vendors can offer longer payment terms, helping retailers free up working capital to operate.
|
|
Working capital has decreased about 983% since 2012, from $165 billion to $38 billion.
|
|
The UBS Optimus Foundation is the investor, providing the working capital for the project.
|
|
It said additional synergies were possible through managing capital expenditure and optimising working capital.
|
|
Gubitosi said the idea was to free up working capital and reduce credit risk.
|
|
The May 31 quarter is the highest working capital use quarter and the Aug.
|
|
It said additional synergies were possible through managing capital expenditure and optimizing working capital.
|
|
Tesla said this has improved cost efficiencies and improvements to their working capital position.
|
|
The proceeds will be used to replenish working capital and for general corporate purposes.
|
|
It is also seeking to generate cash by cutting working capital or selling assets.
|
|
This includes deploying working capital purchasing vehicles upfront or via a commission-basis agreement.
|
|
However, a number of one-off initiatives to improve working capital structure could lead to a temporary increase of its net debt by the end of 2017 due to a rise of net working capital, which is expected to normalize in 2018.
|
|
The company's advance payments to secure raw materials rose to over USD212001 million as of September 2017, from around USD75 million a year ago, increasing the company's overall working capital intensity, as measured by net working capital/sales, to 58% from 43%.
|
|
LIQUIDITY The company operates with revolving credit lines for import financing and working capital requirements.
|
|
PLC expects to use the proceeds for working capital purposes and to reduce maturity mismatches.
|
|
In three weeks, four companies have started using Fellow, financing approximately $120,000 in working capital.
|
|
Morrisons also raised its targets for cost savings, free cash flow and working capital improvement.
|
|
The report suggests that Tidal may only have around six months of working capital left.
|
|
The company is currently in talks with lenders for additional working capital and capex facilities.
|
|
Tesco said that the proceeds from the deal will be used for general working capital.
|
|
The facilities include a $225 million syndicated term loan and $400 million in working capital.
|
|
The loans include a $225 million syndicated term loan and $400 million in working capital.
|
|
Tewoo has been free cash flow positive since 2013 due to sound working-capital management.
|
|
Clinton will also expand working capital for small businesses to allow for them to grow.
|
|
Sunshine Life plans to use the net proceeds for working capital and general corporate purposes.
|
|
It lifted a working capital improvement target by 200 million pounds to 1 billion pounds.
|
|
Financial technology company MarketInvoice enables businesses to sell their unpaid invoices to provide working capital.
|
|
The remaining $452.4 million will be used to boost its working capital, the filing added.
|
|
Additionally, dealerships require a significant upfront capital investment for both initial construction and working capital.
|
|
However, Fitch continues to view the extended working capital as a credit weakness for Huiyuan.
|
|
Some producers will have lost their working capital and would need financial assistance, he added.
|
|
It plans to use the funds to finance capital expenditure and working capital, MTN said.
|
|
LIQUIDITY Comfortable Liquidity: Picard's liquidity is supported by limited working-capital outflows and low capex.
|
|
Additionally, access to working capital is a major challenge in developed markets such as India.
|
|
This has led to Jumia moving into working-capital services for vendors on its platform.
|
|
Free cash flow turned positive in 2016 following improvement in working capital and lower capex.
|
|
While there are regular injections of working capital, the amount remains insufficient for all headcount.
|
|
Of the IDR999bn, management extended the maturity on IDR150bn of working capital facilities to 2017.
|
|
It plans to use the proceeds to upgrade its technology, expand production and supplement working capital.
|
|
When PayPal Working Capital started five years ago, it had a $23,22 cap on its loans.
|
|
PayPal has also brought these products overseas, unveiling its Working Capital product in Germany last week.
|
|
We also treat GBP2 million of cash as restricted, absorbed by the group's working capital needs.
|
|
Drip Capital, which helps businesses in developing markets secure working capital, raised $25 million last week.
|
|
We also consider GBP2 million of cash as restricted, absorbed by the group's working capital needs.
|
|
The company also manages a microloan fund that grants farmers access to working capital for growth.
|
|
The three-year loan will be used for Wanda's refinancing and working capital, sources told LPC.
|
|
Cash flow would be boosted by lower requirements for working capital and pensions, the company said.
|
|
The company repays most commercial paper at quarter-ends as part of its working capital management.
|
|
Proceeds the company receives from this offering will go towards working capital and general corporate purposes.
|
|
As a result, they revert to old-fashioned working capital loans to cover their liquidity needs.
|
|
Realestate-M to replenish working capital for the Group's construction projects in Moscow Source text: bit.
|
|
Apple needed less than $30 billion tied up in working capital at the end of 2017.
|
|
Proceeds from the bond sale were slated for debt refinancing, working capital and general corporate purposes.
|
|
We also consider GBP2750 million of cash as restricted, absorbed by the group's working capital needs.
|
|
Mongo intends to use the net proceeds for working capital and possible strategic investments or acquisitions.
|
|
These include account and transaction services, compliance and trust solutions, working capital financing, and online loans.
|
|
Other firms with direct ties to public markets are losing even more access to working capital.
|
|
Eaze is suffering from a problem rampant in the marijuana industry: a lack of working capital.
|
|
A temporary increase in capital expenditures (manufacturing expansion) and working capital uses drove the negative FCF.
|
|
That's when we discovered the U.S. Export-Import Bank (EXIM) and their working-capital loan guarantee.
|
|
Pacific Controls has not made payments on short-term bilateral loans for working capital, sources said.
|
|
Companies can then tap their line of credit almost immediately and use it as working capital.
|
|
The working capital revenue would not affect any Australian IPO plans, the spokeswoman said on Thursday.
|
|
The startup also connects its partner entrepreneurs with financial institutions to help them access working capital.
|
|
"It's important to have enough working capital to ride out the slow months in the beginning."
|
|
Those numbers assume $250 million in annual working capital benefits from closing stores and trimming down inventories.
|
|
As of December 2017, it had $7.8 million in cash and $75.9 million in negative working capital.
|
|
Stone said in the filing it intends to use the proceeds for mergers, acquisitions and working capital.
|
|
The money will be used to help prop up working capital needs and repay outstanding intercompany loans.
|
|
CICCHK plans to use the proceeds of the note issue for working capital and general corporate purposes.
|
|
We therefore move the cash flow effect from working-capital cash movement to change in net debt.
|
|
This year the British development finance institution added a further $4 million in short-term working capital.
|
|
The deal with FMC includes a cash portion of $1.2 billion and working capital of $425 million.
|
|
The company recently launched a line of credit product to extend working capital loans to platform clients.
|
|
In turn, demand for financial products, such as personal loans and working capital loans, would also increase.
|
|
House lawmakers on Friday reintroduced bipartisan legislation to set up a working capital fund for IT modernization.
|
|
This has enabled it to connect them with relevant financial partners to access working capital, he said.
|
|
CB&I and Westinghouse are involved in litigation over the calculation of working capital in the deal.
|
|
A split would have to factor in Glencore's coal trading operation, which has serious working capital demands.
|
|
However, the growth of cash released from working capital will stabilise when the company's growth rate stabilises.
|
|
FCF was negative $21 million in 2000 given a negative working capital swing of approximately $315 million.
|
|
With their investment, it validated Goslinga's attempt to provide credit and working capital loans to small farmers.
|
|
Working capital management has been improving since 2015 when the Company decided to exit the preserved business.
|
|
Casper ended the third quarter with $55 million in cash, and only $6 million of working capital.
|
|
Tesla can also illustrate its worth to investors by showing what it's doing with its working capital.
|
|
Whereas with Uncapped it's much cheaper to have the working capital to make that kind of spend.
|
|
About 11 percent of the proceeds or up to 21.6 million will be used as working capital.
|
|
Both companies would contribute $25 million as working capital, Rowan said in a regulatory filing on Monday.
|
|
A key credit concern of commodity processors is access to sufficient liquidity given historically volatile working capital needs.
|
|
The proceeds of the debentures will be used to refinance some existing loans and fund working capital requirements.
|
|
Fitch excludes the accounts receivable securitization from liquidity calculations but notes its role in working capital management qualitatively.
|
|
It will use proceeds from the IPO for working capital and general corporate purposes, according to the filing.
|
|
It will use proceeds from the offering for working capital and general corporate purposes, according to the filing.
|
|
COM LIMITED SECURES USD159 MILLION CREDIT LINE FROM HUBEI SANXIA RURAL COMMERCIAL BANK INTENDED FOR WORKING CAPITAL * SSLJ.
|
|
This puts extreme stress on Tesla, negatively affects our working capital needs and adds to our cost structure.
|
|
FFO generation should more than cover increasing working-capital outflows, capex intensity above historical average and increasing dividends.
|
|
The company is helping small exporters in emerging markets access working capital in order to finance big orders.
|
|
"This new investment will give us the working capital we need to address this growth," the spokesperson said.
|
|
Chewy raised $123.2 million, which the company has said will be used for working capital and other expenses.
|
|
Smith said the multiple from the entire 30-hospital divestiture plan, including working capital, was 12 times EBITDA.
|
|
It also blamed weaker retail spending and higher financing costs as a result of additional working capital needs.
|
|
Improvements in working capital could add another $1.5 billion to $2 billion to FCF in 2016 and 2017.
|
|
Having limited working capital and fewer resources, small companies struggle with all the forms, lobbying and red tape.
|
|
Strong cash flows are driven by good customer retention, excellent working capital management and steady and efficient operations.
|
|
Proceeds will be used for general corporate purposes including working capital, and to cover transaction fees and expenses.
|
|
One drawback of investing across multiple commodity markets is the management attention, working capital and risk management required.
|
|
C2FO's pitch is to help businesses better control their cash flow and increase their access to working capital.
|
|
Conservative Financial Profile, Adequate Liquidity: We expect Finnet's credit profile to remain conservative despite increasing working capital needs.
|
|
Fitch forecasts a moderately negative FCF deficit for 2017 driven in part by working capital usage from inventories.
|
|
Summary of Financial Statement Adjustments: - Fitch adjusts the company's cash position for the intra-year working capital swings.
|
|
A quarter of the Cuban workforce has entered the private sector, relying primarily on remittances for working capital.
|
|
And then we came out with a line of credit, which is more traditionally used for working capital.
|
|
De Metz joined UniCredit in 2012 in France and was appointed head of working capital solutions in 2016.
|
|
For example 10 billion will finance government credits to bolster the working capital of so far unidentified businesses.
|
|
The capital will go toward financing working capital loans, as well as creating new products for Konfio's customers.
|
|
The proceeds of the offering will be used to pay down debt and strengthen the company's working capital.
|
|
The ratings are supported by 361 Degrees' stable margins and working capital and its sustained net cash position.
|
|
To go fix that stuff, so what takes up a lot of the cash is the working capital cycle.
|
|
A year ago, cash flow had stood at $5.4 billion, which included favorable working capital movements of $1.6 billion.
|
|
However, higher-than-expected capex and volatile working capital movements could delay deleveraging and indicate weak control over operations.
|
|
Jinmao says the proposed securities will be used for refinancing outstanding indebtedness, working capital and other general corporate purposes.
|
|
Musk gave his cousins Peter and Lyndon Rive the working capital to get SolarCity off the ground in 2006.
|
|
According to World Bank, more than 2 billion people globally have limited access to financial services and working capital.
|
|
According to a World Bank report, more than 2 billion people globally do not have access to working capital.
|
|
She expected that more developers would focus on building houses instead of high-rise apartments to conserve working capital.
|
|
The value of the deal is subject to adjustments based on working capital variations until the closing, Petrobras said.
|
|
But, with overseas money providing solar companies with working capital, they can afford to offer payment plans to customers.
|
|
Noble said discussions were underway with the group's banks to stabilize support for working capital and trade finance requirements.
|
|
This includes real estate related transactions, with the remainder resulting from debt issuance and expense and working capital reductions.
|
|
The company will use its £26m primary proceeds for repayment of shareholder loans and the balance for working capital.
|
|
However, in our view this will be insufficient to fund working capital without permanent use of short-term debt.
|
|
SMEs could get access to short-and long-term financing to invest in working capital, growth and, yes, technology.
|
|
We have assumed GBP5 million of restricted cash required to run the operations and absorb periodic working capital swings.
|
|
We also assume GBP2750 million of restricted cash required to run the operations and absorb periodic working capital swings.
|
|
Fonterra reduced its average working capital days by 10 days and closing inventory by 21% in FY16 from FY15.
|
|
Proceeds from the initial public offering (IPO) will be used for working capital, including possible acquisitions, the company said.
|
|
This will allow the company to also better promote its other offerings, like its lending service, PayPal Working Capital.
|
|
FCF, which was breakeven in 2015, could improve to $100 million in 2016, absent any swings in working capital.
|
|
The new loan, which is being syndicated to banks, includes a revolving credit facility and a working capital facility.
|
|
Ipagoo was suffering from a lack of working capital, which forced the directors to enter the business into administration.
|
|
The net proceeds were about $593 million which will be used for working capital and other general corporate purposes.
|
|
Of the total, around MYR1.95 billion was working-capital-related debt and the current portion of long-term loans.
|
|
PayPal working capital takes a percent of daily sales, ranging from 5% to 30%, selected by the business owner.
|
|
Our assessment also takes into account potential volatility of the ratio within the year, due to working capital swings.
|
|
The quality of cash flow was stronger than expected with working capital not benefitting as much as we had anticipated.
|
|
Thanks to operating leverage, opex control, and tight working capital management, Tesla appears increasingly likely to achieve financial self-sufficiency.
|
|
The proceeds of the debentures will be used to repay the maturing bonds and fund working capital and capex requirements.
|
|
We assume that Sony will record positive free cash flow largely supported by modest capex and efficiently managed working capital.
|
|
The project's substantial cash cost to date, which is about halfway through, has been largely offset by working capital improvements.
|
|
The studio has been trying to come up with a plan to service its debts and raise more working capital.
|
|
KEY RATING DRIVERS Risks of Sustained Negative CFO: Tiphone's voucher and handset businesses require high working capital for inventory purchases.
|
|
Debt - Fitch has adjusted debt by adding GBP0003 million as expected average drawings under the RCF to finance working capital.
|
|
Foxconn also said it would sell up to T$27 billion in bonds to refinance debt and replenish working capital.
|
|
Aside from working capital, Tesco beat market forecasts for profit, and was firmly on track to meet its margin goals.
|
|
It also plans to develop its technology and stock up on working capital which could be used to fund acquisitions.
|
|
Proceeds will be used to expand the company's core business and supplement working capital, it said in an earlier prospectus.
|
|
"With the exception of the working capital write-off...all other guidance for the full year remains unchanged," it said.
|
|
However, more than half of these are composed of low to moderate risk working-capital loans to cash-generative clients.
|
|
Tighter working capital control is expected to result in only moderate cash outflows of around EUR2m between 2017 and 23.
|
|
The offshore notes will be issued directly by Zhanglong, with the proceeds used for working capital and general corporate purposes.
|
|
"With the exception of the working capital write-off...all other guidance for the full-year remains unchanged," it said.
|
|
FCF could be $1.5 -$2 billion higher on working capital improvements; --Adjusted leverage of approximately 2x through the forecast period.
|
|
Trafigura said the financing would be in addition to the $650 million working capital facility granted to Nyrstar in November.
|
|
The winner has also to cover $300 million debts of the plant and to find around $100 of working capital.
|
|
Besides China's major banks, the country's corporations have also been issuing preference shares to repay debt and replenish working capital.
|
|
Fitch expects FCF remaining modestly negative in 2016 due to working capital requirements and earnings pressure in the agribusiness segment.
|
|
This was primarily driven by working capital usage due to increases with the price and volume of soy related RMI.
|
|
Only two years ago, G-Resources raised $156 million to bolster its working capital and focus on developing the mine.
|
|
The report says GE is insolvent and asserts that its industrial businesses have a working capital deficit of $20 billion.
|
|
None of the offers were viable due to problems with the working capital needed to secure BHS's future, administrators said.
|
|
It also said the exporter was seeking to raise 60 million reais in working capital from investors to maintain operations.
|
|
Net proceeds will be used for funding highway development projects as well as for working capital and general corporate purposes.
|
|
To get rich, you need a great idea, a great strategy, adequate working capital and disciplined execution of the strategy.
|
|
The company intends to use the net proceeds from the IPO for working capital, capital expenditures and general corporate purposes.
|
|
The company also said it is targeting reductions of more than $500 million in expenses, capital expenditures and working capital.
|
|
The company also said it is targeting reductions of more than $500 million in expenses, capital expenditures and working capital.
|
|
To finance its working capital, Jabal Omar plans to issue Islamic bonds, or sukuk, in the first half of 2018.
|
|
This decision will allow us to improve working capital, generate more cash flow and invest capital into more productive locations.
|
|
Boeing provided a $123 million cash advance, for example, to Spirit in the third quarter to ease working capital issues.
|
|
Fitch expects consistently positive annual FCF through the intermediate term with fluctuations driven by working capital investments to support growth.
|
|
Imperial Metals said it would to use the proceeds from the sale to pay down debt and as working capital.
|
|
From the merchants' perspective, the extreme volatility of Bitcoin makes it a poor working capital solution and an accounting nightmare.
|
|
The revolving credit facility will replace a £2503m unsecured revolving working capital facility that was due to mature in September 2018.
|
|
The majority of TBLA's short-term bank loans are for its working capital needs and are likely to be rolled over.
|
|
The EUR0.2 billion factoring increase during the year has been moved from working-capital inflow to cash flow from financing activities.
|
|
The ability to reduce capex, constrain selling, general and administrative costs, and release working capital helps limit the impact on FCF.
|
|
But the long chain of other suppliers could not, given their razor-thin margins, big working-capital balances and fixed costs.
|
|
It takes a median of about 70 days to get paid, which means contractors are often stuck without enough working capital.
|
|
When he began buying the stock, in 1962, Berkshire had working capital worth $16 a share; the shares sold for $8.
|
|
It would limit operating profit of tax-funded welfare firms to seven percent plus risk-free rate of their working capital.
|
|
The preliminary base purchase price for Danya was $38.75 million, with adjustments as necessary based on an estimated working capital excess.
|
|
Snap said it would use the proceeds from its IPO for general purposes, including working capital, operating expenses and capital expenditures.
|
|
Smoother logistics should reduce retailers' need for working capital and allow them to operate centralised warehouses, rather than in every state.
|
|
A slew of measures were announced for exporters facing working capital issues such as quicker refunds and an e-wallet facility.
|
|
The joint venture also provides working capital loans to small businesses in Singapore while Grab pursues lending licenses in other markets.
|
|
Nordstrom's FCF increased to $546 million in 2016 from $184 million in 2015 on lower capex and a working capital benefit.
|
|
By end-2020, we expect the company to reduce the FFO leverage to 3.4x as a result of working capital reversal.
|
|
Summary of Financial Statement Adjustments: Fitch adjusts the company's cash position by RUB2750 billion for the intra-year working capital swings.
|
|
The report also says GE is insolvent and asserts that its industrial units have a working capital deficit of $218.5 billion.
|
|
The rest of the funds will be for working capital needs, as well as potentially refinancing existing local-currency secured debt.
|
|
The RealReal intends to use the money raised from the IPO for general corporate purposes, including working capital and operating expenses.
|
|
"This support will come in the form of capital expenditure as well as working capital," Zakaria told the Thomson Reuters Foundation.
|
|
CNHI's FCF margin improvement in 2015 and 2016 to 4% was driven by better working capital management and lower regulatory capex.
|
|
Housing operators are keen to embrace such practices because the loans provide working capital for renovation and their pipeline of properties.
|
|
This should improve its bargaining power with customers and create a more diversified customer base, allowing for better working-capital management.
|
|
The company's order book is seasonal and therefore working capital requirements increase during the second and third quarter of the year.
|
|
This year, China Development Bank approved a $300 million revolving loan, which will provide working capital for three years, Silva said.
|
|
It enables the granting of guarantees on loans at favourable terms to help businesses cover immediate working capital and investment needs.
|
|
These working capital facilities have attractive interest rates (often in the 5% range) and are well understood by the lending community.
|
|
The company has proposed to raise HK$460 million (USD) to fund investment in a joint venture and for working capital.
|
|
The increased use of receivables factoring is likely due to pressure from key customers trying to optimize their working capital requirements.
|
|
The airline requires 2 billion rand by December to fund working capital for its 2019/20 financial year, the presentation said.
|
|
Greensill, a UK based provider of working capital finance, will offer a secured revolving credit facility and supply chain financing facility.
|
|
The company said cost efficiencies, working capital improvement, interest savings and reduced capex would improve cash flow by 3 billion rand.
|
|
New Delhi-based BharatPe, which helps merchants accept online payments and provides them with working capital, raised $50 million in August.
|
|
The financing, which represents a 30% increase in total available facilities, will be used for general corporate purposes and working capital requirements.
|
|
To fund its inventory for the holiday season, the ratings agency pegged Sears' working capital needs at $500 million to $650 million.
|
|
Jin Liqun, speaking at an event organised by the Hong Kong Association of Banks, said the AIIB could also provide working capital.
|
|
One goal, Zhang revealed, is to offer working capital loans to SMEs to help them scale their businesses to the next level.
|
|
However, the company has been slow to deleverage due to higher working capital investments, capital infusions to subsidiaries and returns to shareholders.
|
|
But for many emerging startups and businesses, getting financial services from a bank and securing working capital have become major pain points.
|
|
Net industrial debt increased by $500 million to $2.6 billion by the end of September due to seasonal rise in working capital.
|
|
Nigeria's Union Bank on Wednesday started a 50 billion naira share sale to existing shareholders to enhance its regulatory and working capital.
|
|
Despite challenges to revenue growth amid a secularly declining industry, we see significant opportunity trapped in opex and working capital to unlock.
|
|
We also adjust readily available cash by EUR2750 million reflecting legally restricted cash and cash absorbed in intra-year working capital swings.
|
|
The company said general corporate purposes may include repayment of debt, acquisitions, additions to working capital, capital expenditures and investments in subsidiaries.
|
|
Terms of the deal were not disclosed, but the acquisition will give PayPal better tools to expand its own Working Capital product.
|
|
In fact, the actor claimed, Avenatti had taken out a $2 million loan for "working capital" with a 15 percent interest rate.
|
|
As part of its delivery release Tesla highlighting "cost efficiencies" and improvements in working capital through streamlined global logistics and delivery ops.
|
|
The sale of Noble Americas Energy Solutions (NAES) includes repayment of working capital of about $248 million, Noble said in a statement.
|
|
Fitch believes the MLS transactions were an important initial step toward mitigating the negative working capital effects associated with the leasing model.
|
|
These initiatives, along with a material improvement in working capital, helped free cash flow (FCF) to recover to DKK4.6bn (2014: negative DKK0.1bn).
|
|
The offshore notes will be issued directly by Zhanglong, and the proceeds will be used for working capital and general corporate purposes.
|
|
The company's weak EBITDA forces Smartfren to continuously rely on external funds to meet working capital, network investment and debt servicing requirements.
|
|
The company will use the proceeds to repay debts, supplement its working capital and invest in projects, it said in a filing.
|
|
Pillarstone will underwrite a new senior facility of 58 million euros to fund Famar's long-term development plan and working capital needs.
|
|
An accounting scandal wiped more than 90 percent off Steinhoff's market value and forced it to sell assets to generate working capital.
|
|
"It offers inventory management, API for logistics, bank account integration and we are adding working capital loans and other features," she explained.
|
|
Fitch expects the outflow of working capital over 2017-2018 to affect LSR, due to the need to invest in large projects.
|
|
Commercial paper, accounts receivable securitizations and bank credit facilities are generally used to finance seasonal working capital needs, primarily related to RMI.
|
|
Evergrande is much bigger than Tahoe, but it also has a large accounts payable as working capital funding to support its expansion.
|
|
Its working capital requirements have gone up by 10 percent as the company is now forced to hold more inventory, Heun said.
|
|
The company intends to use the proceeds mainly to repay its existing working capital loans, and for capex and other corporate purposes.
|
|
Proceeds will be used primarily for the development of Beijing's urban railway transit system, as working capital and for general corporate purposes.
|
|
"Get the working capital your business needs from Entrepreneur Lending, powered by CAN Capital," it read, with a link to more information.
|
|
In the early 85033th century, many state governments began borrowing funds, supplying working capital or issuing bonds in support of transportation corporations.
|
|
His uncommon approach worked: After the meeting, he was approved for a loan of approximately $2 million for equipment and working capital.
|
|
The financing package covers the cash component of the acquisition and post-closing working capital needs, including restructuring at the combined companies.
|
|
Banks' average lending rate for working capital loans was 12.48 percent as of December 2015, according to the Financial Services Authority (OJK).
|
|
SEASONALITY Some customers pre-pay for their products, which combined with the cyclical nature of farming, results in seasonal working capital swings.
|
|
AutoNation's CP program is used to finance such needs as working capital, acquisitions, capital expenditures, share repurchases and other general corporate purposes.
|
|
After the closing of the deal, CB&I submitted its calculation of the working capital of $428 million in CB&I's favor.
|
|
Overall, Norwegian's operating performance has improved since mid-July, but its working capital has decreased this year, the airline said on Monday.
|
|
Overall, Norwegian's operating performance has improved since mid-July, but its working capital has decreased this year, the airline said on Monday.
|
|
Because banks often won't issue working capital loans to weed-related business, deliverers like Eaze can experience delays in paying back vendors.
|
|
Operating cash flow and working capital have been volatile over recent periods, with gross debt climbing as presales and booked revenue fall.
|
|
These systems also unlock working capital for small businesses who otherwise have to wait days for money to appear in their accounts.
|
|
Net working capital has been fairly stable in recent years, and is unlikely to change materially in the short- to medium- term.
|
|
The new guidance also instructs agencies to notify OMB by March 27 if they intend to set up a working capital fund.
|
|
Specifically, Uncapped says it will enable founders to access working capital between £10,000 and £1 million for a flat fee of 6%.
|
|
The proceeds of the proposed note issue will be used for project investment, infrastructure construction investment, repaying existing debts and replenishing working capital.
|
|
The deduction of gain on sale of investment properties as adjustment items under cash flow statement is also reclassified to working-capital change.
|
|
Cash flow from operating activities for the fourth quarter of 2016 was $9.2 billion, which included negative working capital movements of $0.6 billion.
|
|
Drip Capital, a startup that helps small and medium-sized exporters secure working capital, has raised $25 million to expand its reach globally.
|
|
A $13 billion credit facility, secured on its inventories and working capital, is due to be rolled over by the end of June.
|
|
The ECB could change its capital key rule, where it buys bonds relative to a member state's contribution to the ECB working capital.
|
|
The preliminary base purchase price of $23 million for Danya on May 22016, 2016 included a target net working capital of $3.5 million.
|
|
Working capital balances on the actual date of the acquisition, May 3, 2016, will be different from those estimated at March 31, 2016.
|
|
Proceeds from the deal after tax are expected to be about $3 billion, subject to customary working capital and other adjustments, Aon said.
|
|
Liquidity is supported by stable cash generation and negative working capital, both characteristic of the PBM industry, and decently strong capital market access.
|
|
The company's CFO turned positive in 1Q16, but Fitch does not believe there has been a fundamental shift in Tiphone's working capital cycle.
|
|
In emerging markets, a new breed of lenders has begun acting as credit supermarkets, offering anything from working capital to multi-year debt.
|
|
It also said it will use the net proceeds from the offerings for general purposes such as research and development and working capital.
|
|
The preliminary base purchase price of $38.75 million for Danya on May 3, 2016 included a target net working capital of $3.5 million.
|
|
Working capital balances on the actual date of the acquisition, May 3, 38.753, will be different from those estimated at March 31, 2016.
|
|
Compared to the best e-commerce categories, food can have lower working capital demands, minimal inventory risk and insanely good repeat-user behavior.
|
|
It also provides first-lien senior financing for companies that require bespoke funding regarding acquisitions, capex, working capital or recovery funding, Pemberton said.
|
|
In March, Carpetright agreed a 12.5 million pounds unsecured loan with Meditor in exchange for new shares to fund short-term working capital.
|
|
While Brexit was not impacting customers, the effects were being seen on Tesco's balance sheet as steps to secure supplies hit working capital.
|
|
The capital increase would be needed to refinance Leader's 1 billion reais ($250.07 million) with the banks and increase the retailer's working capital.
|
|
In 2016 such support decreased as the project obtained long-term working capital lines in addition to capex financing (without recourse to Miratorg).
|
|
"Despite a most comprehensive insurance policy in place, returning the damaged steam cracker unit to operation will adversely affect working capital," Unipetrol said.
|
|
The so-called current, or working capital, ratio - current assets divided by current liabilities - is a common analyst gauge of a company's liquidity.
|
|
Earlier this year the startup partnered with IBM Africa to introduce to its network of vendors a blockchain-enabled finance working capital platform.
|
|
"Save for working capital facilities of the automotive business and the African properties division, the group has no remaining African debt," it added.
|
|
Corporates with high short-term working capital requirements such as retail and manufacturing companies are hurt the most by the recent rate increases.
|
|
The company also needs working capital of around $200 million mainly to restock beans that will cover at least a three-month cycle.
|
|
Yida says it intends to use the net proceeds from the note issue to fund new property projects and for working capital purposes.
|
|
Noble has been locked in negotiations with its lenders to support a $2 billion credit facility, secured on its inventories and working capital.
|
|
The rest of the proceeds will be used to supplement working capital, it said in a filing to the Hong Kong stock exchange.
|
|
Operating cash flow and working capital have been volatile over recent periods, with gross debt climbing as pre-sales and booked revenue fall.
|
|
PayPal, which was once a part of eBay, has a program called Working Capital that makes loans to merchants based on sales history.
|
|
Rising costs, a strong dollar, weak exports and falling commodity prices cause lower profits — forcing farmers to apply working capital toward production costs.
|
|
"We continue to assess the financial impact, including working capital, of our production decisions and pause in deliveries," Boeing said in a statement.
|
|
The Company's cash balance is not adequate to provide the required working capital and liquidity for continuous operation in the next 12 months.
|
|
PayPal, which was once a part of eBay, has a program called Working Capital and provides loans to merchants based on sales history.
|
|
Fitch expects the Korean telecom operators continue to generate robust operating cash flow underpinned by improved operating performance and modest working-capital needs.
|
|
This cash contribution will be used to pay down FanDuel's existing debt of $76 million and fund working capital of the combined business.
|
|
Fitch estimates that Accor's wide geographic presence greatly limits the business seasonality and Accor cash balance should not be affected by working capital movements.
|
|
The deal allowed PayPal to expand both the its Working Capital products and its PayPal business loans, which tend to be bigger in size.
|
|
The $500 million buyback plan replaces a $400 million program previously announced in July 2016, and will be funded through the company's working capital.
|
|
Sritex has wider EBITDA margins and lower working capital requirements, which contribute to lower leverage and better cash-flow generation compared to Pan Brothers.
|
|
Launched in March 2014, the company says it is on track to fund more than $200 million in working capital in the next year.
|
|
A lot of it went to working capital, to fund inventory, and then scaling, and a lot of it went to whatever was left.
|
|
The bonds were expected to close Thursday, carry a 12 percent interest rate, and be used to repay existing debt and fund working capital.
|
|
Casper is planning to use the proceeds from the offering for working capital, funding growth and other general corporate purposes, according to regulatory filings.
|
|
Shell's cash generation from operating activities excluding working capital topped $11 billion, the strongest since 2014 when oil prices were above $100 a barrel.
|
|
Global payments processing company PayPal announced this morning that it has agreed to acquire Swift Financial, which provides small business owners with working capital.
|
|
Specifically, it requires significant working capital to get to stock levels that can match demand, something that traditional dealers have a tight grip on.
|
|
Moody's added in a statement that border delays could delay deliveries of commercial aircraft or military equipment and cause a strain on working capital.
|
|
In the pro forma condensed combined balance sheet, the Company has estimated a purchase price based upon estimated working capital at March 31, 2016.
|
|
Fitch believes cyclicality is partially offset by Arrow's ability to convert working capital investments in accounts receivables and inventory into liquidity during prior downturns.
|
|
It said in a statement the loan deal was signed in Beijing on Tuesday "to finance the working capital of NBE customers", without elaborating.
|
|
The facility will provide bonding commitments as well as capital and working capital requirements for projects and general business, it said in a statement.
|
|
"We've got our tails up a bit on trade," said Potts, who also upgraded guidance on working capital, property disposal proceeds, and the dividend.
|
|
The idea is that they can free up working capital in the business to reinvest or simply in order to get paid more quickly.
|
|
In our liquidity assessment, we deduct EUR15m per year as not readily available cash, which Fitch deems necessary to partly self-fund working capital.
|
|
We also expect the company's leverage to remain at around 5x, driven by single-digit revenue growth, moderate margin and large working capital needs.
|
|
"Clearly they want to get rid of that working capital," said Michael Dimler, a senior credit analyst focused on technology and telecoms at Morningstar.
|
|
Credit being offered by RBS includes increased import and export funding, supply chain finance and bigger working capital lines for everyday operations, Slevin said.
|
|
The final price is dependent on net debt as of the transaction's closing date and on working capital adjustments, it said in a statement.
|
|
The enterprise value will be A$303 million before adjustments for surplus working capital and cash in the AFW UK business, the statement said.
|
|
Access Bank Ghana expects to spend most of the funds to grow its branch network and finance working capital, it said in the prospectus.
|
|
The revolving credit facility, which is used for working capital and general corporate purposes, comprises a three-year tranche and a 364-day tranche.
|
|
Levi's said that it plans to use the proceeds from going public for "general corporate purposes," including working capital, operating expenses and capital expenditures.
|
|
Shares of PayPal, which has a program called Working Capital to provide loans to merchants based on sales history, closed 3 percent lower Monday.
|
|
The Stable Outlook reflects Noble's continuous improvements in its balance sheet and its commitment to maintaining sufficient liquidity to cover its working-capital needs.
|
|
Skyrorary says that the entirety of its UK operations, including all human resources and its working capital are now dedicated to COVID-19 response.
|
|
The firm said it needed 80 million pounds to repay debt facilities, meet ongoing working capital requirements and provide capital to execute its strategy.
|
|
These factors and others can reduce cash flow and put a business in a position where it needs to borrow to have working capital.
|
|
Bahrain's only sugar refinery, which came on stream in 2014, did not have enough working capital to continue operations for now, the source said.
|
|
The final deal value will be based on net debt and net working capital of Dangote Flour Mills, the company said in a statement.
|
|
Despite bringing in over $1 million in sales each year over the previous few years, the company ran out of working capital in 2016.
|
|
Based on the company's historical intra-year working capital needs, average intra-year outstanding RCF amounts are unlikely to rise beyond 2.0x TF's EBITDA.
|
|
DFM sustained strong FCF generation in 2016, thanks to a solid FFO margin, improved working capital days, moderate capex needs and stable dividend payments.
|
|
High operating margins combined with limited working-capital and capex needs enable it to consistently generate positive FCF, distinguishing it from its retail peers.
|
|
American Development Partners will finance the acquisition and development of land for the urgent care centers, and will purchase equipment and provide working capital.
|
|
This could pressure the investment grade rating in a stressed environment, particularly if share repurchase activity exceeds FCF generation before changes in working capital.
|
|
That amount has since increased that amount to $22009,22005 for the first two PayPal Working Capital loans, while any subsequent loans max out at $200,000.
|
|
PayPal Business Financing Solutions, which includes both PayPal Working Capital and PayPal Business Loans, provided customers with more than $1 billion in funding last quarter.
|
|
Short-term financing is the lifeline of trading houses which operate on thin margins and rely on such funding to support their working capital needs.
|
|
In October, Indonesia's average loan rate on working capital loans was 11.60 percent, more than double the central bank's benchmark rate then of 4.75 percent.
|
|
Findep's actions to strengthen the behavior of the working capital loans, and the increasing integration of strategies between the entities sustain Fitch's assessment of support.
|
|
Bombardier also has a $250 million working capital contingency to support the Global 7500 ramp-up, given the typical execution challenges in developing new planes.
|
|
"Informal sources of working capital (for smaller firms) has dried up," said Anil Bhardwaj at the Federation of Indian Micro and Small and Medium Enterprises.
|
|
NS) for a fresh loan of 15 billion rupees ($215 million) to meet its working capital needs, two sources aware of the matter told Reuters.
|
|
Cash flow from operations in the first quarter of 2019, however, declined 9 percent to $8.6 billion including negative working capital movements of $3.5 billion.
|
|
The report said there is consistent borrowing demand for bitcoin among market-makers and high frequency trading firms that need working capital for arbitrage opportunities.
|
|
We also consider EUR750 million of cash as restricted, either due to capital transfer restriction in Bayer's international operations or intra-year working capital swings.
|
|
For every buyer there are an increasing number of suppliers, many of them now in Asia, which lags behind other regions in working-capital efficiency.
|
|
Access to external financing is limited; GATE only had USD12m of undrawn credit and banking facilities available for working capital purposes at end-June 2016.
|
|
Poor cash flow generation forces Smartfren to rely on external liquidity sources to cover its cash shortfall for working capital, capex and debt servicing requirements.
|
|
"There is a growing market demand for more transparent and responsible corporate supply chains," Ed Marcum, managing director at Working Capital, said in a statement.
|
|
"The (dairy) business accounted for roughly 1 percent of our revenues in 2018 and demanded substantial working capital resources," Chief Financial Officer Federico Cerisoli said.
|
|
Fitch expects FCF to be $103 million in 2017, assuming $800 million in capex and absent working capital improvement although the company expects further benefits.
|
|
Fitch anticipates that free cash flow (FCF; after dividends) will approximate $7 billion annually in 2016 and 1, excluding any benefit from working capital improvement.
|
|
It said on Wednesday it planned to take steps to generate an additional $50 million in cash flow through improved working capital and other measures.
|
|
KEY RATING DRIVERS Market-Leading Scale: The ratings reflect the company's market-leading scale and strong cash flows on stable margins and efficient working capital.
|
|
Many of the exchanges have net income exceeding $1 billion in 2017 and keep their working capital in bitcoin and ether, the research firm added.
|
|
SUMMARY OF FINANCIAL STATEMENTS ADJUSTMENTS - Cash: Fitch adjusted available cash at end-2015 by deducting RUB3bn to reflect average working capital requirements throughout the year.
|
|
BMW drastically reduced the number of cars on sale in China, a step that helped improve working capital by about 750 million euros, Eichiner said.
|
|
"We also expect its cash flow to remain weak over the next 12 months, given its deteriorating operating performance and working capital constraints," added Tsuen.
|
|
The fintech, which is valued at $35 billion as of September, provides physical points of sale, credit-card-payments processing, and working capital to startups.
|
|
Snap, the money-losing parent company of Snapchat, plans to issue $1 billion in debt securities for the purposes of working capital and potential acquisitions.
|
|
However, the subsidiaries have a working capital loan of USD40 million and have limited room for additional indebtedness within the terms of the proposed notes.
|
|
It might also need to hold more stock if it is buying from the other side of the world, having an impact on working capital.
|
|
The Singapore-listed company has been in negotiations with banks to roll over a $2-billion credit facility, secured on its inventories and working capital.
|
|
Hyflux, which is currently under a court-supervised restructuring process, was to receive S$30 million as interim working capital until the deal was completed.
|
|
In calculating Fitch-adjusted gross leverage, we no longer add an amount for working capital as this is captured under restricted cash for liquidity purposes.
|
|
The deal, which includes working capital of about C$342 million, will immediately add to HollyFrontier's earnings per share and cash flow, the company said.
|
|
The company still has IDR2.4trn remaining of IDR9trn MCB series II and has not utilised a USD0003m (IDR514bn) working capital facility from Cascade Gold Limited.
|
|
Fitch believes both Pan Brothers and Spindo have similar operating scale, interest coverage, working-capital intensity and each is the market leader in its industry.
|
|
Last month, Reuters reported that Noble was negotiating with banks to roll over a $2 billion credit facility, secured on its inventories and working capital.
|
|
With greater access to finance working capital, many African women entrepreneurs will see their businesses blossom, paving a road toward a better future for everyone.
|
|
Delegates also noted the difficulty of getting financing for their businesses, working capital and further investments, and some were pessimistic on the coal industry's longevity.
|
|
In a recent LinkedIn post, she wrote that it's important for entrepreneurs to have working capital in the bank to sustain six months without customers.
|
|
The sale will enable Cathay Pacific to realise cash which will be used towards its general working capital requirements, the company said in a statement.
|
|
For example, when we talk about merchants, we have a lot of small and medium merchants and usually they have problems relating to working capital.
|
|
The next most important set of metrics are sales by category; working capital (cash and other current assets, less current liabilities); EBITA and gross margin.
|
|
Resilient Free Cash Flow Nestle is maintaining strict discipline on capex and working capital, with the latter having supported cash flow over 2015 and 1H7323.
|
|
Summary of Financial Statement Adjustments - Cash: Fitch adjusted available cash at end-2015 by deducting RUB3bn to reflect average working capital requirements throughout the year.
|
|
LIQUIDITY Comfortable Liquidity: Picard's positive FCF is supported by limited working-capital outflows due to moderate overall seasonality in the group's businesses and low capex.
|
|
The startup will also explore helping its manufacturing workshops access working capital, though Acharya cautioned that it is not something that would happen anytime soon.
|
|
With the $20 million round, Rensource is launching its Spaces Offline to Online platform for supply-chain services, including business-analytics and working capital options.
|
|
FMC bought part of the DuPont unit in November in exchange for FMC's health and nutrition business, and $1.6 billion in cash and working capital.
|
|
We also assume USD500m as non-readily available cash for debt service either absorbed in working capital cycles and/or geographies subject to capital restrictions.
|
|
KEY ASSUMPTIONS Fitch's key assumptions within our rating case for the issuer include: - Double-digit revenue growth in 103-2018 - Stable margins - Large working capital outflow over 2017-2018 followed by a reversal of working capital in 2019-2020 RATING SENSITIVITIES Future Developments That May, Individually or Collectively, Lead to Positive Rating Action - Sustainable improvement in the financial metrics leading to EBIT margin above 15%.
|
|
The facility covers the bonding and working capital requirements of the joint venture completing the work, according to a statement from Mashreq which arranged the facility.
|
|
The London-based financial technology firm lets small-to-medium enterprises sell their unpaid invoices through an online platform to gain access to working capital loans.
|
|
The rise in leverage was driven by working capital usage due primarily to increases with the price and volume of soy related readily marketable inventories (RMI).
|
|
At the time of Lagardere's first-half results in July, the company reported a negative free cashflow due partly to the effect of working capital costs.
|
|
In addition, the company's cash cycle has extended from -2852 days to 216.67 days, due to longer inventory and receivable days, which increased working-capital requirements.
|
|
Healthy Balance Sheet: Fitch expects Sony to deleverage further over the next year or two due to stronger operating margins, controlled working capital and modest capex.
|
|
Aspire operates a neo-banking-like platform to help small and medium-sized enterprises (SMEs) quickly and easily secure working capital of up to about $70,000.
|
|
Casper has said it plans to use the proceeds from its IPO for working capital, funding growth and other general corporate purposes, according to regulatory filings.
|
|
As TechCrunch covered, IBM partnered with Kenyan agtech startup Twiga earlier this year to introduce to Twiga's network of vendors a blockchain-enabled working capital platform.
|
|
Although subject to large working capital-related swings, the firm has access to a large amount of internal liquidity, in additional to good capital markets access.
|
|
Upon completion of the sale on July 1, 2016, FactSet received $165 million in cash, less certain adjustments including, among others, a customary working capital adjustment.
|
|
UHS typically uses its revolver and A/R facility to fund working capital and other operational needs, more recently refinancing outstanding amounts with longer-dated debt.
|
|
Yusuf said Noble is now taking active measures to replace and restructure its previously available bank lines along with securing alternative sources of working capital funding.
|
|
A new report from Norway's Dagens Næringsliv claims that the company's user growth has stalled and it only has about six months of working capital left.
|
|
Parkland Fuel said it would acquire Chevron's refining and marketing operations in Canada and pay an additional $186 million toward working capital for the acquired business.
|
|
The liquidity improvement in FY16 was also supported by management's more disciplined cash flow policy, including no dividend payment, working capital optimisation measures and rationalised capex.
|
|
The $400 million working capital facilities, provided by a group of banks, are needed to back the import and export sides of OCTAL's business, Ewen said.
|
|
ArcelorMittal increased its forecast for working capital to $1 billion from $500 million previously, adding it still expected to have positive cash flow for the year.
|
|
Excess availability under its domestic ABL revolver during the peak working capital season in 2016 is expected to be comparable to the $780 million in 2015.
|
|
According to management, loan origination has been steadily improving in most of its household products, while in the corporate segment it is mainly working capital lines.
|
|
The rated debt benefits from a EUR50 million liquidity facility covering 12 months of debt service, EUR50 million working capital and EUR200 million capex committed facilities.
|
|
IOI Corp also said it will use half the proceeds from the sale to repay borrowings, and the other half for dividend payments and working capital.
|
|
Fitch expects Vipshop's FFO-adjusted net leverage to decline to below 1.0x by 2018, from 2.0x in 2015, even after adjusting for the negative working capital.
|
|
Demand may decrease, margins in the new and used car business may fall and funds tied up in working capital may increase temporarily, the company said.
|
|
Additionally, extending working capital and business loans has historically improved a business' overall performance, meaning that more lending might boost Square's core processing sector as well.
|
|
I am trying to make a niche business that deals directly with the customer, cuts out working capital and develops a group of like-minded people.
|
|
High profitability, combined with limited working-capital and capex needs, enable it to consistently generate positive free cash flow (FCF), distinguishing it from its retail peers.
|
|
But without a solid inventory system, clear management structure or working capital, owner Steve Sims felt he and his fledgling company wouldn't survive its growing pains.
|
|
In July, China Eastern announced that it would raise up to $2.23 billion in a share sale to expand its fleet and to replenish working capital.
|
|
This is no surprise, given PWC's working capital studies in the past decade demonstrating that construction industry payment speeds are the slowest of all (83+ days).
|
|
Finding venture capitalists willing to invest in Unbound was difficult, and it took four years for her to secure a working capital loan from a bank.
|
|
Steinhoff had been fighting for survival since December last year when it uncovered accounting irregularities that sent its shares crashing and left it scrambling for working capital.
|
|
We also assume USD210 million as non-readily available cash for debt service either absorbed in working capital cycles or in overseas markets subject to capital restrictions.
|
|
In addition, its working capital flows have been volatile, with a large outflow in 2016 to build up raw sugar inventories following the grant of import quotas.
|
|
For 2017, Fitch expects FCF in the range of $400 million to $500 million, and that IPG can maintain sufficient liquidity to handle seasonal working capital swings.
|
|
This improves the cashflow for suppliers without shortening payment terms for buyers, freeing up working capital for both parties and creating a healthier, more secure supply chain.
|
|
The firm held a board meeting on July 31st to discuss whether to stockpile parts, and decided against, as it would tie up too much working capital.
|
|
Fitch expects pro forma FCF to be around $4 billion after dividends, before one-time cash restructuring/merger expenses and prior to any potential working capital improvements.
|
|
Abans has another LKR7.5 billion of short-term working capital related debt, which we expect will be rolled over by lenders in the normal course of business.
|
|
Tobin said careful control of the group's working capital had allowed CNH to close the year with $0.9 billion in net industrial debt, "meaningfully" exceeding its target.
|
|
This would force firms to pay tax on the full cost of an item rather than just value added, tying up working capital and cutting into profits.
|
|
"We work with banks to provide working capital for our supply base because they need money to invest in inventory to support our production requirements," Rice said.
|
|
KEY RATING DRIVERS Solid Financial Profile: Fitch expects Want Want to continue to generate positive FCF in 2017, driven by stable working capital and low capex requirements.
|
|
"The agreement provides near-term liquidity for the company to manage working capital and provide performance guarantees on expected new awards," Chief Executive Officer David Dickson said.
|
|
"The agreement provides near-term liquidity for the company to manage working capital and provide performance guarantees on expected new awards," Chief Executive Officer David Dickson said.
|
|
Before Tesla's release, Bernstein analyst Toni Sacconaghi estimated that working capital could be tapped by as much as $800 million in the quarter due to such vehicles.
|
|
High Cash Flow Conversion Theramex is a cash generative business supported by high and stable operating margins in combination with manageable working capital and low capital intensity.
|
|
Fitch believes the MLS transactions are an important step toward creating a consistent funding source to mitigate the negative working capital effects associated with the leasing model.
|
|
Con artists use fake invoices, office supply rip-offs, and other variations on a scheme to separate small businesses from the working capital they need to flourish.
|
|
The sales of feed yards to Green Plains and Friona frees up hundreds of millions of dollars annually in working capital used to purchase cattle, he said.
|
|
As usual, the major part of debt maturing in 2017 was represented by working-capital facilities and we expect Miratorg to extend these credit lines upon maturity.
|
|
The credit line will be used as working capital, investments as well as other general corporate projects, IEnova said in a statement to the Mexican stock exchange.
|
|
Steinhoff revealed details earlier this month of the 6.5 billion euros ($7.3 billion) fraud that has shocked investors and left the retail group scrambling for working capital.
|
|
Union Bank, set up 100-years ago, had said it planned to spend 80 percent of the funds to enhance its regulatory capital and boost working capital.
|
|
It has been borrowing on average $200,000 a month since last July to meet its working capital requirements, Hull said, up from around $50,000 prior to that.
|
|
Due to acquisitions and working capital increase, the company's net debt ratio rose to 27.2 percent in the second-quarter from 25.1 percent in the first quarter.
|
|
With the amendment to the bank credit facility and addition of a CP program, ESRX will have more flexibility to manage working capital needs and small acquisitions.
|
|
Dimon has met with contractors who needed working capital to repair homes and with food entrepreneurs who needed shared commercial kitchens for bread baking and sausage-making.
|
|
We also assume USD210 million as non-readily available cash for debt service either absorbed in working-capital cycles or in overseas markets subject to capital restrictions.
|
|
It comes at a time when it is set to negotiate a crucial rollover of a $2 billion credit facility secured on its inventories and working capital.
|
|
Early support for the business came in the form of a little working capital (£15,000) from London-based accelerator Bethnal Green Ventures, which backs social enterprise startups.
|
|
Alongside lower loan repayment rates, farmers' working capital deteriorated moderately while bankers' loan portfolios in crop-producing states showed slightly higher levels of risk, the reports found.
|
|
Leverage increased to approximately 3.5x at the end of the first quarter 2017 due primarily to working-capital build and the $94 million acquisition of Vermont Creamery.
|
|
Fitch views more than half of Flex's EBIT coming from its IEI and HRS segments and a countercyclical working capital profile as key offsets to this risk.
|
|
"Veoneer intends to use the net proceeds from the common stock offering and concurrent convertible notes offering for working capital and other general corporate purposes," it said.
|
|
Summary of Financial Statement Adjustments -Restricted/unavailable cash: We adjusted cash for intra-year working capital swings (EUR3.7bn at end-2015 and EUR3.6bn-EUR3.8bn for 2016-18).
|
|
These asset-light and more service-oriented sectors generally have high operating and free cash flow margins and are less vulnerable to volatile working-capital funding requirements.
|
|
Chan told TechCrunch in an interview that he believes that as many as 25 percent of Hong Kong's small businesses struggle to maintain adequate working capital levels.
|
|
This increase is explained by new credit lines from banks and does not include the additional shareholders' credit line of USD20 million for working capital if required.
|
|
Fitch also factors in BUT's enhanced free cash flow (FCF) generation capacity (regardless of capital structure considerations), supported by higher profitability and strongly improved working capital management.
|
|
The measures including emergency liquidity, working capital and trade finance will be provided to its existing clients affected by the crisis, the bank said in a statement.
|
|
Nigerian freight logistics startup Kobo230 raised a $2180 million Series A round led by Goldman Sachs and $22016 million in working capital financing from Nigerian commercial banks.
|
|
Banco de Bogota will use the proceeds of the issuance for general corporate purposes, which may include working capital, retirement of debt and for other business opportunities.
|
|
Cash: We have adjusted available cash at end-2016 to reflect restricted cash of BYN20 million needed for seasonal changes in working capital requirements throughout the year.
|
|
To do so would require a substantial sum, however — enough to both buy the company, plus working capital to maintain its current staff and support its customers.
|
|
General Atlantic invested $2300 million in London-based Greensill, a finance firm that provides working capital to companies, and an undisclosed amount in Czech travel firm Kiwi.com.
|
|
Ashneer Grover, co-founder and chief executive of BharatPe, said the startup will use much of the fresh capital to fund working capital for its merchant partners.
|
|
Because of the improved market conditions, ArcelorMittal said it would now invest $2.0 billion in working capital in 2017, compared with a previous forecast of $1.5 billion.
|
|
Drawing on its seed-round, MaxAB also aims to generate revenue by expanding to its retail clients its offerings to working-capital financing and data-analytics services.
|
|
Securing working capital is a major pain point across Southeast Asia, with several startup and financial institutions working on new tools to gauge creditworthiness and manage loans.
|
|
A GFG spokeswoman told Reuters on Thursday that the new funds would used in the normal course of business, including investments, working capital management and other expenses.
|
|
Sports Direct, which will take a 15-year lease on the property, said the proceeds would be used for group operations and to boost its working capital.
|
|
They said that proceeds from the bonds will be used to repay interest on loans for projects within China, replenish working capital and support virus-fighting efforts.
|
|
On Tuesday Gunvor announced it had closed a US$725m borrowing base facility to provide working capital for the company's refining activities in the Amsterdam-Rotterdam-Antwerp region.
|
|
Healthy Cash Conversion: Compass has a sound track record of converting profits into cash, given the asset-light nature of its business, and generally limited working capital requirements.
|
|
Risks from this concentration are increasing along with its market share, as evident in the CNY21 billion increase in working capital between 2014 and 1H16 to support customers.
|
|
"Working capital has continued to unwind, prices continue to hold up strongly so we continue to accumulate cash into our bank account," South323 Chief Executive Graham Kerr said.
|
|
Housemarket has said it will use the proceeds of the bond, which is due to start trading on Thursday, to boost its working capital and investments in IKEA.
|
|
Another miner, Bitcoin Group, withdrew its Sydney listing plans in 2016 after the local regulator questioned whether it would have sufficient working capital to be a going concern.
|
|
In its announcement, PayPal says it has provided access to more than $3 billion in funding to more than 115,000 small businesses since it launched PayPal Working Capital.
|
|
FINANCING DRIES UP Delegates also noted the difficulty of getting financing for their businesses, working capital and further investments, and some were pessimistic on the coal industry's longevity.
|
|
Cash - Fitch has lowered reported year-end cash by GBP1 billion, which is considered as restricted for working-capital purposes and thus not readily available for debt service.
|
|
Huami said it plans to use the money on product and tech R&D investments, ramping up sales and marketing, and as working capital that could include acquisitions.
|
|
This augments trade that hawkers traditionally do offline and, according to Hernanto, combined with working capital, some vendors have increased their take-home profit three or four-fold.
|
|
Parkson has high cash balance but Fitch classifies a portion of it as not-readily-available for debt repayment to take into account the negative working capital cycle.
|
|
The company's lenders agreed to provide $75 million for working capital during its bankruptcy and a group of creditors agreed to invest $75 million into the reorganized business.
|
|
Kaisa also said it has sufficient working capital for at least 12 months of operation, and has enhanced internal controls to prevent accounting fraud and buttress auditing credibility.
|
|
Summary of Financial Statement Adjustments - Cash: We have adjusted available cash at end-2015 to reflect restricted cash of RUB1.5bn needed for seasonal changes in working capital requirements.
|
|
The firm said 9.1 billion yuan of the funds raised would be used for 5G technology research and product development and 3.9 billion yuan to replensh working capital.
|
|
Fitch believes that the transition to a greater proportion of scripted content will increase the need for working capital, but Banijay's liquidity is sufficient to meet those needs.
|
|
However, Fitch assumes restricted cash of around USD650 million in relation to insurance captive cash and working-capital requirements, representing an operating minimum liquidity needed by the company.
|
|
The plan is likely to include rolling over loans, converting debt into equity, seeking additional working capital and drawing in a new investor, sources have previously told Reuters.
|
|
Strong Cash Flows: Despite relatively low margins (as reported), ESRX exhibits consistent and robust cash flows, which are driven by excellent working capital management and very efficient operations.
|
|
ECBs with a minimum average maturity period of 10 years can now be used for working capital purposes and general corporate purposes, the RBI said in a release.
|
|
James Walton, chief economist at IGD which works with the industry to improve supply chains, said storage had been reduced over many decades to hold down working capital.
|
|
Nigerian freight logistics startup Kobo360 has raised a $230 million Series A round led by Goldman Sachs and $2360 million in working capital financing from Nigerian commercial banks.
|
|
Kobo22018 also launched its own driver working capital finance program, KoPay, KoboSafe insurance product and KoboCare: a suite of driver services from HMO packages to family tuition assistance.
|
|
A revision of the Outlook to Stable would be contingent upon an improvement in GCX's cash generation along with minimal working capital outflows, such that FCF breaks even.
|
|
Mphasis only had USD40 million (INR2.6 billion) in working capital loans against cash and cash equivalents of USD464 million, including mutual fund investments, as of end-March 7503.
|
|
S. cash, as well as and cash needed to cover seasonal changes in working capital and other obligations, as "not readily available" for purposes of calculating net metrics.
|
|
A near decade-long slump in segments of the global shipping industry has led many companies to seek ways to cut costs and curb pressures on working capital.
|
|
The proposed cap - on operating profit in relation to working capital of 7 percentage points plus the risk-free rate - would mainly hit private equity companies, Reepalu said.
|
|
Higher-rated peers like Archer Daniels Midland Company (A/Stable) and Bunge Limited (BBB/Stable) had working capital/total debt ratios of 1.34x and 99353x, respectively, at 1Q16.
|
|
Whether that's nano-loans for working capital, the ability to buy a car, actually without financial services we're going to restrict the business growth of that whole ecosystem.
|
|
Sears said it would use proceeds from asset sales, improving profitability and working capital management to reduce its debt and pension obligations by $1.5 billion in fiscal 2017.
|
|
Working capital days should remain stable with muted growth expectations and capital spending should remain near maintenance levels of 4%-4.5% of revenue, given the current footprint reduction.
|
|
The order, part of a General Services Administration area-wide public utility contract, will be primarily funded by Navy working capital funds, the Pentagon said in a statement.
|
|
Fitch has conservatively treated USD25 million as cash that is not readily available to service debt, being the minimum cash balance earmarked for meeting seasonal working-capital purposes.
|
|
The score is based on a series of financial ratios: Working capital to assets, retained earnings to assets, operating income to assets, leverage ratio, and sales to assets.
|
|
Thanks to a capital campaign it embarked on in 2018, Ars Nova started the current fiscal year with an unusually large cushion of working capital — six months' worth.
|
|
For a significant number of lenders, many of which are well-capitalized, these margin calls are eroding their working capital and threatening their ability to continue to operate.
|
|
The Treasury's report, issued two weeks ago, contends that the current requirement is too onerous and impedes critical banking functions such as providing working capital to small businesses.
|
|
According to earlier TechCrunch reports, the company is running low on cash thanks to a perfect storm of working capital constraints, increased marketing spend and lower customer demand.
|
|
More often, they are looking for $500,85033-$2 million of mezzanine financing, money that is essential to the development of a business plan, initial working capital and operations.
|
|
The Model 3 is the linchpin of Tesla's growth strategy and Musk is under pressure to deliver the vehicle to new international markets efficiently, while guarding working capital.
|
|
Fitch has also decreased the group's working capital inflow (included in Fitch's FCF calculation) by the year-on-year increase in outstanding factoring funding at closing, i.e. EUR31.5m.
|
|
Wanda Cinema has also said it plans to raise 8 billion yuan ($1.2 billion) in a share sale to fund the building of theatres and replenish working capital.
|
|
The airline said in a separate announcement that it plans to issue up to 15.4 billion yuan in corporate bonds to fund aircraft purchases and replenish working capital.
|
|
Hurd, however, is less concerned about the funding for the centralized modernization fund, calling the working capital funds the "real prize" of the legislation in a recent interview.
|
|
The group, one of the biggest names in South Africa's construction industry, said the disposals would help it meet its debt obligations, cover working capital and cut its liabilities.
|
|
Aspire, a Singapore-based startup that helps SMEs secure working capital, has raised $2003 million in a new financing round to expand its presence in several Southeast Asian markets.
|
|
Its net working capital (that only considers trade and bills receivables and payables, inventories, prepayments and customer deposits) rose to CNY59 billion, from CNY38 billion between 2014 and 1H16.
|
|
Weak FCF: The FCF margin just around 0% remains weak for the rating after adjusting for derecognised trade receivables that boosted working capital and, in turn CFO and FCF.
|
|
The firm lends to companies that are not owned by private equity firms that need working capital facilities of €100,000 to €1.5m with a maximum maturity of 60 months.
|
|
Thomsen said the cash proceeds from the sale will strengthen the group's financial position in the short-term and be used to reduce debt levels and fund working capital.
|
|
Earlier in his tenure, he oversaw the closure of Uchumi's loss-making Ugandan subsidiary, more than halved the workforce and announced plans for land sales to raise working capital.
|
|
Natural Resources Minister Amarjeet Sohi said the aid package would include C$1 billion for energy exporters to invest in new technologies, boost working capital or find new markets.
|
|
Even if the platform gives out its own money, acting as a balance sheet lender, for successful growth it will need to attract external debt financing as working capital.
|
|
Q1 deliveries were not sufficient to improve negative sentiment and investors will likely focus on Q1 cash balance, which might disappoint following the convert repayment and working capital headwinds.
|
|
FCF in 2015 was well below the comparable $1.1 billion figure in 2014 due to a timing-related swing in working capital and a special dividend (approximately $180 million).
|
|
That was its second year of positive free cash flow, after nine years of negative results, which was helped by a reduction in working capital and real-estate disposals.
|
|
The publication also reported in December that Tidal only had six months of working capital left (which would run out this month), a claim Tidal denied at the time.
|
|
The company's operating cash flow recovered to $313 billion in the quarter from $5.3 billion in the previous quarter as a result of a one-off working capital release.
|
|
CircleUp, which already helps consumer brands raise millions in equity financing, is now going to issue loans to help smaller CPG companies raise working capital and avoid cash crunches.
|
|
Some are just in need of additional working capital, and in the CPG world and small and medium-sized business world in general, fundraising is hard to come by.
|
|
This is expected to decline to about 2.2x by end-2017 driven by a combination of lower restructuring charges, growing EBITDA, reduced dividend leakage and improvements in working capital.
|
|
The company's operating cash flow recovered to $6.8 billion in the quarter from $313 billion in the previous quarter as a result of a one-off working capital release.
|
|
Fitch expects Want Want to maintain a net cash position and continue to generate positive FCF in 2017, supported by a stable working-capital cycle and low capex requirements.
|
|
The amount is likely to decrease in FY17 due to working-capital optimisation measures, the planned disposal of several brands, and the full-year impact of past store closures.
|
|
COGO plans to use 70.5% of the estimated proceeds for repayment of existing debt (excluding existing shareholders loans) and the rest for business development and general working-capital purposes.
|
|
Shell's cash flow from operations in the fourth quarter rose to $22 billion, boosted by a $9 billion working capital movement, which brought the annual figure to $53 billion.
|
|
Liquidity ratios and working capital have deteriorated to their weakest levels since 2002 and the value of farm sector assets is expected to decline by $32 billion in 21625.
|
|
Small firms normally lack both the working capital needed to deal with red tape and long court cases, and the lobbying power that would bend rules to their purposes.
|
|
The company has little cash flow left to fund working capital expansion and dividend payment after paying for interest expenses, taxes, and sales, general and administrative expenses, and capex.
|
|
Ignacio Caride, director general of Mercadolibre in Mexico, said the company plans to grant working capital credit to small businesses and entrepreneurs from Brazil and Mexico later this year.
|
|
Free cashflow was a negative $101 million in the first quarter, down from a negative $321 million a year ago, because of an increase in working capital, Goldcorp said.
|
|
Speaking at the World Economic Forum on Latin America, Luiz Carlos Trabuco said, however, that companies are still seeking working capital lines rather than capital expenditure financing for investments.
|
|
Swatch said inventory levels increased to 6.7 billion francs in the first half, leading some analysts to criticize the ongoing deterioration of working capital as a share of sales.
|
|
Also, the shareholder is committed to providing a subordinated loan of USD212000 million and a working capital credit line of up to USD4807123 million should the company need it.
|
|
Apple plans to use the proceeds from the bonds for "general corporate purposes," including share buybacks, payment of dividends, funding for working capital, and acquisitions, according to the prospectus.
|
|
Developmental capital expenditure is estimated at 2.2 billion rand over five years, in nominal terms, which includes a provision for working capital requirements during the development phase, Northam added.
|
|
The group said an improved steel market would mean it needed more working capital, but it would still have a positive cash flow at the end of the year.
|
|
The airline's London-listed shares fell to a record low earlier when the company said it would have to raise funds to ensure that it had sufficient working capital.
|
|
In addition, existing committed debt ranking ahead of the senior unsecured notes relates to TF's EUR400m revolving credit facility (RCF), which exclusively funds working capital needs throughout the year.
|
|
The new bonds, Gupta's injected cash and an extra A$250 million asset-backed loan will be used to refinance debt and provide working capital to InfraBuild, Moody's said.
|
|
HK) said on Wednesday it plans to sell HK$1.1 billion ($140 million) worth of new shares to its controlling shareholder, raising funds for development and for working capital.
|
|
The provision would set up a $500 million modernization fund for agencies to draw from as well as working capital funds they can use to transition to new technology.
|
|
Sweden's Veoneer said earlier this year it was conducting a review and seeking new efficiency measures at Zenuity, as well as raising cash to shore up its working capital.
|
|
The company also said it plans to raise up to 8 billion yuan in a private placement of shares to help fund the building of theaters and replenish working capital.
|
|
The secret was pre-selling registrations to races and then using those funds as working capital to construct the electrified obstacle courses that have made Tough Mudder a global phenomena.
|
|
"Large orders also imply initially increased investments in production and working capital, and at the same time the rapid technology development entails continued investments in research and development," Saab said.
|
|
" The administration move, the company added, was made "in order to safeguard the distribution network of its handsets in Europe, whilst its working capital issues are being resolved in Russia.
|
|
SUMMARY OF FINANCIAL STATEMENT ADJUSTMENTS -Restricted/unavailable cash: We adjusted available unrestricted cash for intra-year working capital swings (DKK1bn for 2011-13 and DKK1.5bn for 2014-15 and thereafter).
|
|
The net proceeds of the Offering will be used to fund acquisitions and growth, as well as for working capital and other general corporate purposes, as described in the Prospectus.
|
|
A Kedai Sayur hawker [Image via Kedai Sayur] Most hawkers are comfortable with cash — it is, after all, the tradition — but it makes paying the working capital back somewhat cumbersome.
|
|
In a presentation on the results, En+ said it expected to reverse the majority of U.S. sanctions impact and to release between $600 million and $900 million of working capital.
|
|
"Diamond prices have come under pressure from a toxic combination of deteriorating consumer confidence in China, growth in synthetic jewellery capacity, working capital finance withdrawal ... and jewellery recycling," Davis said.
|
|
Liquidity shortages are also hitting retailers trying to balance multi-channel distribution investment and logistics against shrinking margins and working-capital swings due to stock clearances and product mix revamps.
|
|
Breaking freelancers from the month-to-month boom-and-bust payment cycles that bind them, Oxygen provides working capital loans to freelancers who can go months without getting a paycheck.
|
|
These benefits, however, are conditional on strict cost control and a focus on working capital, which has led to some pressure on performance for Fitch-rated peers in the region.
|
|
Fitch expects FCF after dividends of $700 million to $800 million in 2016 (due to positive working capital contribution of $250 million to $13 million) and $300 million in 2017.
|
|
SUMMARY OF FINANCIAL STATEMENTS ADJUSTMENTS - Not readily available cash: Fitch estimates that IKKS will need to keep EUR15m of cash on balance sheet for intra-year trade working capital funding.
|
|
A number of companies, such as Ghana's Agrocenta and Nigeria's Farmcrowdy, have raised VC for apps that coordinate payments, logistics and working capital across the continent's farmers and food markets.
|
|
Working Capital Outflow Drives Leverage Fitch expects LSR's EBITDA and funds from operations (FFO) margins to remain stable over 2017-2020 and revenues to increase following the completion of projects.
|
|
"If it's just a working capital line, we'd make a recommendation for what they would need to support that business over a 30- to 173-day period," Ms. Bishop said.
|
|
Brokerage BMO Capital Markets in a note cautioned that Canopy's earnings would further deteriorate as it looks to launch cannabis products, resulting in significant working capital investment and operating expenses.
|
|
One major recent SoftBank outlay was its mammoth $200 million investment in C2FO, an online marketplace for working capital that enables suppliers to be paid early at a discounted rate.
|
|
His vision, at least for us, matches up very much with this idea of de-risking the availability and the proliferation of working capital for businesses all around the world.
|
|
Aside from slowly growing EBITDA and the absence of dividend payments, Fitch assumes the sustainability of BUT's working-capital past optimisation, which should lead to consistent inflows over FY18-FY21.
|
|
The growth of the credit portfolio demands higher working capital and pressures free cash flow (FCF) generation, which increases the company's financial risk during an adverse economic environment in Mexico.
|
|
LIQUIDITY Manageable Liquidity: Fitch believes Bepensa has the flexibility to face its short-term debt amortizations by managing the working capital requirements of its financial services division and its capex.
|
|
The score takes into account five ratios: working capital to assets, retained earnings to assets, earnings before interest and taxes to assets, sales to assets and market cap to liabilities.
|
|
Seasonality and Leverage Working capital is highly seasonal and typically increases in Q1 of the company's financial year (between October and December) when TCG pays its hotels and other suppliers.
|
|
We also adjust Readily Available Cash by GBP600 million for legally restricted cash/cash in transit, working capital absorption and short-term investments with a maturity greater than three months.
|
|
We have revised our working-capital assumptions, and now expect Huiyuan Juice to maintain its trade debtor days over 215 days in 2017 in an effort to support downstream distributors.
|
|
Its project development has grown rapidly in recent years to account for more than three quarters of profit, with expansion funded formerly by working capital growth at the construction division.
|
|
Fitch forecasts working capital will increase with gradual volume growth, and expects capex to be higher than the past three-year averages, driven by Stage V emission standards investment needs.
|
|
Summary of Financial Statement Adjustments - Share-based compensation has been stripped out of SG&A expenses and EBITDA - Cash balance has been adjusted to reflect the negative working capital cycle.
|
|
Because of the government guarantees, banks were willing to make SBA loans to businesses that might not otherwise qualify for traditional bank loans, such as working capital and term loans.
|
|
The credit lines can be used to fund working capital or as a stopgap during a supply chain disruption, according to Victoria Ivashina, a finance professor at Harvard Business School.
|
|
Once you've figured out your working capital needs and maximized the available credit limits, you'll have a much better sense of what you'll need in terms of additional emergency funding.
|
|
In its prospectus issued in September last year, Leshi said proceeds of the bonds, with maturities of up to five years, would be used to boost the company's working capital.
|
|
As part of the deal, iProperty owner REA Group will invest $8 million of working capital into the venture, expected to be finalized by the second quarter of 2020. 99.
|
|
NWS, a unit of property developer New World Development Co Ltd, said the deal will generate cash resources for working capital and is expected to be completed on August 31 .
|
|
"We believe Greensill is transforming global access to working capital through its innovative business model," said Colin Fan, managing partner of SoftBank Investment Advisers, manager of the SoftBank Vision Fund.
|
|
Fitch also assumes that the EUR147.4m letter of credit lines used for intra-year working capital funding and renewed for one year in October 2015 will be further renewed thereafter.
|
|
Tavares took over from outgoing CEO Philippe Varin the same year and made immediate headway through tighter control of working capital, particularly excess inventories of materials, parts and unsold vehicles.
|
|
The airline needs to secure more than 2 billion rand ($136 million) of working capital to continue operations, but commercial banks won't lend SAA more money without additional state guarantees.
|
|
South African Airways (SAA) has debt of about 12.7 billion rand, consisting of 9.2 billion rand of legacy debt and a 13 billion rand working capital facility provided by banks.
|
|
Under their twin proposals, agencies could draw from a $500 million general modernization fund or from individual working capital funds replenished by money they save from transitioning to new technology.
|
|
The airline needs to secure more than 2 billion rand ($136 million) of working capital to continue operations, but commercial banks won't lend SAA more money without additional state guarantees.
|
|
The recruiter also said the UK government's decision to postpone VAT for three months and pay 80% of worker wages will help improve its short-term liquidity and working capital.
|
|
The government will soon arrange a bank loan for Air India, the second official said, to meet working capital needs and buy time for a few months before inviting fresh bids.
|
|
Fitch recognizes the risk for an agribusiness company vulnerable to volatile working capital swings directing significantly more cash flow to shareholders but views it as manageable given anticipated cash flow generation.
|
|
They will be senior unsecured obligations of YIG and rank pari passu with all other obligations of YIG, which will use the proceeds as working capital and for general corporate purposes.
|
|
Spending will be higher on account of working capital build-up in SOEs, a growing wage bill reflecting SOE expansion and build-up of institutional capacity, as well as capital spending.
|
|
The deal value includes net working capital of 400 million rupees and cash of 150 million rupees, but does not assume any debt, Zydus said here in a statement on Wednesday.
|
|
We have revised our working-capital assumptions and now expect Huiyuan Juice to maintain its trade debtor days at over 215 days in 2017 in an effort to support downstream distributors.
|
|
We also expect net leverage - measured by FFO net adjusted leverage - is likely to remain at 4x, driven by single-digit revenue growth, an improved margin and large working-capital needs.
|
|
Negative Cash Flows: DDV's cash generation has been pressured in recent years by negative working capital swings and non-recurring expenses, largely related to acquisition costs and restructuring and efficiency efforts.
|
|
The group said an improved steel market would mean it needed more working capital in 2016, but it would still have a positive cash flow at the end of the year.
|
|
In January, a Bombardier spokesman told Reuters problems with the Swiss trains would not cause significant changes to the companys working capital outlook and were expected to be resolved within weeks.
|
|
Meanwhile, Calpine, which generates electricity from natural gas and geothermal resources, said in a statement the NAES purchase price was $800 million plus an estimated $100 million of net working capital.
|
|
Nigerian logistics startup Kobo360 was accepted into Y Combinator's 2018 class and gained some working capital in the form of $1.2 million in pre-seed funding led by Western Technology Investment.
|
|
People in emerging markets are often described as being on the wrong side of the "digital divide", lacking basic access to working capital to build businesses and take up other opportunities.
|
|
" With the working capital — which is not a loan — he explained that hawkers can "order as much as they can sell and then pay later after they receive payment from customers.
|
|
The carrier said it was raising 298.858 billion Hong Kong dollars ($2110.6 million) from selling H-shares to American Airlines group, and will use the net proceeds for general working capital.
|
|
"We've a company which is doing $7 billion of topline, assets worth a billion dollars, no long term debt, only short term working capital, so we too have resources," Gupta said.
|
|
It plans to use proceeds from its secondary listing for developing and commercializing the three late-stage drug candidates, expanding its product portfolio and for general working capital, the prospectus showed.
|
|
Fonterra also continues to support its farmer-shareholders by the early payment of dividends in FY16 and providing NZD383m in loans to farmer-shareholders, funded by one-off working capital savings.
|
|
The company is in the middle of its efficiency programme for FY16-FY20, which in FY17 brought in EUR60 million of savings in profits and around EUR50 million from working capital.
|
|
Jet Airways is looking for working capital loans but banks want the airline to show a turnaround commitment, the source said, adding that salary reduction was part of the same issue.
|
|
Parsippany, New Jersey-based PBF Energy paid $537.5 million, plus working capital costs, for a comparably-sized refinery in Torrance, California, which it bought from Exxon Mobil Corp earlier this year.
|
|
She will work to lower working capital fees for small businesses through programs such as a the Small Business Administration's Community Advantage program, which streamlines applications for loans in underserved communities.
|
|
Meditor, which owns just under 30% of Carpetright, intends to provide about 80 million pounds of long-term capital to the company to repay debt and meet ongoing working capital requirements.
|
|
Fitch believes the transaction can be funded out of cash flow from operations, which increased $1.8 billion to $6.2 billion during 1Q17 due mainly to improvements in inventory-related working capital.
|
|
Petra said it would use up to $120 million from the cash call to pay down debt and the balance would buffer its working capital against the strength in the rand.
|
|
HK) said on Monday it will raise up to 12.7 billion yuan ($1.9 billion) in a private sale of new shares to fund the purchase of aeroplanes and replenish working capital.
|
|
"We made significant progress streamlining our global logistics and delivery operations at higher volumes, enabling cost efficiencies and improvements to our working capital position," the company said in a press release.
|
|
Christine Chang is the CEO of 6th Avenue Capital, a working capital provider that specializes in short-term bridge financing in amounts up to $500,483 for small and medium sized businesses.
|
|
Companies can later claim those fees from the government, but paying that initial amount up front significantly affects the working capital for an up-and-coming label like OLIO, Singh said.
|
|
We have removed these costs from cash flow from investments and included them under cash flow from operations as working capital (payments made to suppliers under the direct cash flow method).
|
|
The outlook revision was also based on the challenge of returning parked planes to service, delivering stored post-production aircraft and the financing needed to build up working capital, Fitch said.
|
|
Moody's said the grounding of the company's 737 MAX aircraft will run longer than expected, which will compound its operational disruption, costs and the size of the investment in working capital.
|
|
Fastjet said it would use the proceeds for working capital purposes, allowing it to implement new revenue generating measures and reach cash flow break-even by the fourth quarter of 2017.
|
|
I learned about sales, gross and net margins, working capital, inventory management, and bad debt collection — all skills that would later prove important as I started real companies as an adult.
|
|
The Clean Cooking Working Capital Fund, the first debt fund focused on greener cookstoves, awarded its first loans this week to two U.S.-based social enterprise firms, Envirofit International and BioLite.
|
|
Tianqi, which is in talks with several institutional investors and banks for financing, plans to fund the deal through bank loans, mezzanine loans and its own working capital, the people said.
|
|
"Benefits are better inventory, visibility and management across channel, which should in theory lower working capital needs for the whole system and increase full price selling," said Bernstein analyst Jamie Merriman.
|
|
The provision would create a $500 million modernization fund for agencies to use to modernize their IT systems, in addition to working capital funds to help agencies transition to newer technology.
|
|
The agreement will provide the company with the rollover of its existing $25 million working capital facility, access to bonding facilities which will support the business until the end of 2019.
|
|
The company said it would use around 32 million euros of the proceeds to help fund the acquisition of Link, with the rest used for working capital and general corporate purposes.
|
|
That serves Cubans who may travel more easily, receive friends, rent space through Airbnb, and get working capital through money transfers to establish private businesses and fund an independent civil society.
|
|
The proceeds from the senior unsecured notes will be used for general corporate purposes, including working capital needs, repayment of offshore debt and potential acquisitions of, or investments in, complementary businesses.
|
|
HONG KONG, Jan 25 (Reuters) - Beijing Enterprises Water Group Ltd said on Thursday it planned to sell HK$3.66 billion ($468 million) worth of new shares, raising money for working capital.
|
|
Negative: Developments that may, individually or collectively, lead to negative rating action include: - Working capital/total debt sustained below 267x - Liquidity position (as defined by unrestricted cash and cash equivalent plus undrawn committed facility) to total inventory sustained below 296x (27234x at 2852Q22852) - Sustained negative cash flow from operations (CFO was negative in 29935 and 20153) - Weakened business strength, as evident from reduced funding capacity to support working-capital expansion over the cycle or sustained decline in tonnage volume that is more severe than industry performance, and evidence of weakening of risk management process - Sustained weakening of quarterly EBITDA / working capital below 22015% - Senior unsecured ratings might be notched down if there is insufficient coverage of unsecured debt by unencumbered assets.
|
|
Net debt of 461 million pounds at 30 June 2018 was up 119 million pounds from December 2017 because of lower profitability and a temporary increase in working capital, the group said.
|
|
CircleUp uses proprietary algorithms to evaluate and identify consumer startups to which it should offer equity investments and working capital loans, typically to companies with $217 million to $218 million in revenue.
|
|
Despite an extra $22 billion in inventory, Bitmain estimates it has the working capital — including crypto pile and the result of its IPO — to sustain operations for at least another 2594 months.
|
|
They raise minimum capital for forex bureaus by three-fold, to 1 billion Tanzanian shillings, and require bureaus to maintain working capital of at least 75 percent of the paid up capital.
|
|
The proceeds from the proposed senior unsecured notes will be used for general corporate purposes, including working capital needs, repayment of offshore debt and potential acquisitions of, or investments in, complementary businesses.
|
|
Funding has/will come from existing and new investors and will be used for working capital as we engage in a larger strategy that focuses on the intersection of play and learning.
|
|
"We have been proactive where we can in taking some provision if there were to be a difficulty; that impacts on the timing of the working capital in the business," Lewis said.
|
|
Additional synergies are expected, including up to 40 million euros thanks to lower financial costs for General Cable debt and more through efficient use of working capital, executives added during the call.
|
|
The Model 3 is the linchpin of Tesla's growth strategy and Chief Executive Officer Elon Musk is under pressure to deliver the vehicle to new international markets efficiently, while guarding working capital.
|
|
ESS's primary sources of liquidity are its readily available cash, its $1 billion credit facility maturing in December 2020 and its $25 million working capital line of credit maturing in January 2018.
|
|
The new debt from ESL, also a large shareholder in the company along with Lampert, is secured by a junior lien against the company's inventory, receivables and other working capital, Sears said.
|
|
"Over the next six months we will need... in the range of 5 billion rand to make sure we can support the working capital," Jarana said, adding that amount included arrear payments.
|
|
"The exit will have practically no impact on our global sales ... and is expected to have a slight positive effect on our working capital from 2019 onwards," he said in a statement.
|
|
It was part of the Y Combinator Winter 2018 cohort and it has closed a $9 million seed round to kick its business off with the working capital that it needs itself.
|
|
Grower equity as a percentage of total capitalization had weakened to approximately 24% in fiscal 2014 following increased borrowings from higher capital investments and increases in working capital from elevated crop inventories.
|
|
Recovered FCF Generation FCF recovered strongly in FY16 to EUR0.6bn or 6.6% of revenue (FY15: 1.6%) mostly due to reduced working capital outflows following lower investments in ageing whisky and cognac inventories.
|
|
CK Asset said in a filing that it expects to record a gain of about HK$14.5 billion from the sale, with the proceeds to be used for general working capital purposes.
|
|
Fitch recognizes the risk for an agribusiness company vulnerable to volatile working capital swings directing significantly more cash flow to shareholders but views it as currently manageable given anticipated cash flow generation.
|
|
Fastjet, whose shares lost more than half their value after September's announcement, said the steps would significantly reduce its debt and provide the company with working capital until the end of 2019.
|
|
At end-2015, Prudential's Insurance Groups Directive (IGD) regulatory solvency ratio was estimated at 250%, its Solvency II coverage ratio at 193%, and its UK with-profits fund working capital was GBP5303bn.
|
|
This low level results from the buyout transaction, the acquisition of 18 Yvrai franchised stores, and a one-off high working capital outflow resulting from the time shift in summer regulated sales.
|
|
Over the last two years the company has reported solid consolidated FCF generation averaging over MXN1 billion after covering capex and keeping its working capital requirements in its financial business relatively stable.
|
|
A further LKR 4.7 billion of DSG's short-term borrowings are used to fund its working capital, and we expect these facilities to be rolled over in the normal course of business.
|
|
We also expect that net leverage - measured by FFO net adjusted leverage - is likely to remain at 4x, driven by single-digit revenue growth, an improved margin and large working-capital needs.
|
|
Despite the past effects of foreign exchange translation due to the strong dollar that has negatively affected EBITDA, benefits of productivity efforts and working capital gains have resulted in stable cash generation.
|
|
At the end of Q4 2019, we had available credit lines worth approximately $3B including working capital lines for all regions as well as financing for the expansion of our Shanghai factory.
|
|
The borrowings will be used to "offset the temporary working capital impacts of the coronavirus-related production shutdowns and to preserve Ford's financial flexibility," according to a March 19 Ford press release.
|
|
Moving to a marketplace model could help reduce the financial risk for Amazon, as third-party banks make more loans, and help sellers get easier access to working capital for buying inventory.
|
|
Despite the effects of foreign exchange translation due to the strong dollar that has negatively affected EBITDA, benefits of past productivity efforts and working capital gains have resulted in stable cash generation.
|
|
The plan would enhance legal protections for small businesses when large firms don't pay their bills, increase federal regulatory enforcement, and expand working capital for small businesses, according to a Clinton official.
|
|
The bank said the fund will deliver quick access to finance by allowing companies to spread the cost of assets over their lifetime, enabling big investments that don't eat into working capital.
|
|
Finance Director Simon Lowth said the drawing down of inappropriate working capital loans to pay creditors meant the process of unwinding the issue was more complicated than just reducing previously booked profit.
|
|
HK) said on Tuesday it planned to sell HK$4.19 billion ($534 million) worth of new shares to its controlling shareholder, raising capital for business development, to repay debt and for working capital.
|
|
In a statement to Bursa Malaysia on Wednesday, AirAsia said the funds would be used for purposes ranging from working capital to debt refinancing and financing the equity portion of its aircraft. bit.
|
|
China's debt-reduction efforts have left small companies "scrambling to access financial resources to meet their working capital and long-term expansion needs," French trade credit insurer Coface said in a report Tuesday.
|
|
"Cracking down on shadow banking deprived SMEs from accessing valuable working capital as well as longer-term financial resources," Carlos Casanova, Hong Kong-based Asia Pacific economist for Coface, said in the report.
|
|
Pan Brothers' business profile is solid, but its ability to generate cash flow has been weakened by growing working-capital requirements, which stem from its still-limited bargaining power with its top customers.
|
|
"We are not very clear about the purpose as those tuition fees are often paid upfront, and these companies do not usually need large amounts of working capital," said a third loan banker.
|
|
Noble has been seeking a cash injection for months and said on Wednesday it would continue to look for a new investor, as well as alliances to help to fund its working capital.
|
|
Fitch assesses IY's and TB's largest exposures as moderate risk working-capital loans to manufacturing companies, while UB's are somewhat higher-risk due to weaker underwriting and limited access to higher-quality borrowers.
|
|
The company, which is in default on its debt payments, did not give details about the transaction but said it will not generate cash flow for ICA and will provide working capital instead.
|
|
The company said it would use around 32 million euros of the proceeds to help fund the acquisition of Polish peer Link, with the rest used for working capital and general corporate purposes.
|
|
It first launched a Working Capital product for businesses back in 2013, and since then has seen competitors like Square and Kabbage emerge as offering their own credit lines to small business customers.
|
|
Netflix intends to use the net proceeds from this offering for general corporate purposes, which may include content acquisitions, production and development, capital expenditures, investments, working capital and potential acquisitions and strategic transactions.
|
|
"In addition, we made significant progress streamlining our global logistics and delivery operations at higher volumes, enabling cost efficiencies and improvements to our working capital position," the company said in announcing its results.
|
|
Amazon also does this for sellers, and began extending credit to small business owners in 2011 while PayPal has a program called Working Capital to provide loans to merchants based on sales history.
|
|
Van Abel said that going forward, the company will "generate more working capital" to buy spare parts upfront so they can continue to have spare parts available for customers over the coming years.
|
|
And it isn't just buy-out or M&A loans which are being made; lending for working capital last year was higher than in any year since 2007, according to Thomson Reuters LPC.
|
|
And the Grow Memphis Fund gives women-owned companies access to capital that is beyond what they could get from conventional lending sources to use for things like inventory, equipment and working capital.
|
|
The price crash "intensifies the squeeze on working capital and makes effective cash management all the more important," said Lance Kawaguchi, managing director and global sector head for energy and resources at HSBC.
|
|
At end-June 2017, Smartfren had around IDR162 billion of cash and cash equivalents and USD60 million (IDR792 billion) in undrawn working capital facilities from Equimark Investment Holding Ltd and Niven Holdings Limited.
|
|
The firm, battered by concerns over its financial strength in recent weeks, has been in negotiations with banks over a $2 billion credit facility, which is secured by its inventories and working capital.
|
|
China Eastern said it will use the proceeds from the share sale to fund the purchase of 18 airplanes, 15 flight simulators and 20 backup engines as well as to boost working capital.
|
|
"Thanks to our continuous efforts to tighten cash management and improve financial structuring, we have become more efficient financially, with reduced working capital needs," Jacques Erni, chief financial officer of Gunvor Group said.
|
|
"Large orders also imply initially increased investments in production and working capital, and at the same time the rapid technology development entails continued investments in research and development," Saab said in a statement.
|
|
The transaction with Minerva is subject to regulatory approval, and the final price will be adjusted by the amount of working capital left at the acquired units, according to filings from both companies.
|
|
The Singapore-listed company, battered by concerns over its financial strength in recent weeks, has been in negotiations with banks over a $2-billion credit facility, secured on its inventories and working capital.
|
|
Additionally, Fitch adjusts working capital cash movements by increasing it by the year-on-year decrease in outstanding factoring funding (EUR71m in FY16) and by the same amount decreasing cash flows from financing.
|
|
GCX's cash balance could deplete to below USD40 million in FY2123 (FY17: USD62 million) due to lower indefeasible right of usage (IRU) sales, weakness at its managed service segment and working capital outflows.
|
|
"If you knew you needed to keep $100,000 on hand for working capital, it wasn't taxed by the U.S, but now, the U.S. government is taxing that $100,153 at 15.5 percent," he said.
|
|
Natural Resources Minister Amarjeet Sohi said in Edmonton, Alberta, that the aid package would include C$1 billion for energy exporters to invest in new technologies, boost working capital or find new markets.
|
|
We understand that the company intends to utilise more borrowing base facilities for its working-capital financing, in particular for the issuances of letters of credit (LCs), rather than for secured debt drawdowns.
|
|
Balance-Sheet Improvements: Noble's ratio of working capital/total debt (including 50% of perpetual capital securities as debt) improved to 1.12x in 1Q16 from 0.96x at end-2015, consistent with our previous expectations.
|
|
The Cape Town based startup uses an online application process and internal credit metrics to provide short-term loans to small and medium sized businesses that are often unable to obtain working capital.
|
|
Sembcorp Industries, its biggest shareholder, last month provided Sembcorp Marine with a S$2 billion ($1.5 billion) loan to help it retire borrowings as well as for working capital and general corporate purposes.
|
|
But when I needed working capital, I was forced into a high-interest loan because I couldn't get assistance from the Small Business Administration, one of the agencies battered by recent government austerity.
|
|
When orders from customers in other countries first became a considerable part of our business, our bank at the time wasn't helpful with providing a working-capital line of credit for foreign transactions.
|
|
"The Company's cash balance is not adequate to provide the required working capital and liquidity for continuous operation in the next 12 months," NIO wrote deep in its third-quarter press release Monday.
|
|
In March, Nigerian Breweries granted shareholders the option of taking new shares in lieu of a cash dividend, so that it can use the money to cut interest costs and fund working capital.
|
|
The net proceeds of the bond issue will be used for the development of portfolio shopping malls, potential acquisition of properties or related businesses, as well as working capital and general corporate purposes.
|
|
In the presentation, SAA said it is in negotiations with lenders to make 2 billion rand available for working capital, adding that it would have to meet certain conditions to obtain the funding.
|
|
Bhatia said his working capital requirements have often been strained by varied state policies - in Goa, for example, he said registration of a new beer brand costs $328, compared with $20,500 in Delhi.
|
|
Proceeds are expected to be used for general corporate purposes including working capital, capital expenditures, acquisitions or investments, redemption and repayment of short-term and long-term outstanding indebtedness, and repurchase of common stock.
|
|
It acknowledged a downgrade was a possibility and said external auditors raised doubts about the ability of the company to continue as a business, citing recurrent net losses, negative working capital and negative equity.
|
|
Arcelik's reported leverage is negatively impacted by its higher than average working capital needs, as a significant portion of durable goods are sold on credit in Turkey, and this is partly financed by Arcelik.
|
|
In November last year, a government commission suggested a cap on the operating profit of tax-funded welfare firms in relation to their working capital of 7 percentage points plus the risk-free rate.
|
|
Of that 9.2 billion rand was to cover old debt and 12.5 billion rand was for working capital requirements until 2021, he said, with the state providing the requisite funding as per the plan.
|
|
Of that 9.2 billion rand was to cover old debt and 12.5 billion rand was for working capital requirements until 2021, with the state providing the requisite funding as per the plan, he said.
|
|
"Prior to the referendum, businesses were deferring investments and they continue to ... because they continue to have uncertainty ... Working capital demand is robust, asset finance demand less so," Shawbrook CEO Steve Pateman told Reuters.
|
|
Blue Apron notes that they plan to use a portion of the proceeds from the offering to repay outstanding debts of about $125M, with the rest being used as working capital for the company.
|
|
Elevated capex in 2017 (approximately $500 million) offsets remaining tax benefits associated with deductible warrant expense, and the impact of certain working capital concessions under ABC's extended contract with Walgreens tamps down FCF somewhat.
|
|
Viecha also restated Tesla's forecast that it will build 50,000 to 55,000 of its Model 3 sedans in the current quarter, and indicated the company's working capital will improve as production increases, Spak wrote.
|
|
"Shell delivered a very strong financial performance in 2018, with cash flow from operations of $49.6 billion, excluding working capital movements," Royal Dutch Shell CEO Ben van Beurden, said in a statement published Thursday.
|
|
"We announced at the Rio Tinto results presentation in February that we would be embarking on a further round of measures to free up cash and reduce working capital," said the spokesman, Bruce Tobin.
|
|
Based on our expectations of a largely unchanged supplier and distributor networks, which would not adversely affect Theramex's stand-alone cash conversion cycle, working capital outflows will remain contained at EUR2 million a year.
|
|
Santander and Tradeshift hope their collaboration will make it easier for businesses small and large to access affordable working capital, or the cash that businesses need to fund the execution of contracts and orders.
|
|
The company is targeting a reduction in its outstanding debt and pension obligations of $1.5 billion for fiscal 2017, by improving profitability, asset sales and working capital management, the company said in a statement.
|
|
German industrial group revised its full-year forecasts on Friday, saying it now expected negative free cash flow as working capital rises due to higher prices for input raw materials and increased sales volumes.
|
|
"Management is very focused on cash now which means lower capex, likely better working capital but some of the same market related challenges," UBS analyst Christopher Belfiore wrote in a note to clients Friday.
|
|
Net proceeds from the recent offering of $250 million preferred stock was used to pay down outstanding balances under LOL's revolving credit facility, receivables securitization facility, and for working capital and general corporate purposes.
|
|
Pharos Research reiterated its "underweight" rating of the stock with a fair value of 21 pounds, saying difficulty in financing working capital would hold the company back from improving utilisation rates at its plants.
|
|
The downgrade reflects Fitch's expectation that Noble's debt structure is shifting towards shorter term financing to complement its asset-light business model that focuses on working-capital management, and to reduce overall finance costs.
|
|
However, Fitch believes that lower working capital needs are not necessarily a structural improvement, but a result of stressed market conditions leading to inventory adjustments, which could reverse in the short- to medium-term.
|
|
If you're a private equity firm that wants to buy a company, pump in working capital and flip it within a few years, then an immediate write-off would make the exit more appealing.
|
|
Republic said it has sufficient assets and liquidity to meet its working capital and operating expenses during the restructuring process and will continue to deliver safe services and pay its employees, providers and vendors.
|
|
So far, the new working capital fund has raised over half of its $4 million target from initial funders including Deutsche Bank, the Netherlands Enterprise Agency, Royal Dutch Shell and several foundations, he added.
|
|
These include reducing operating expenditure, reducing stock and goods not for resale (GNFR) purchases, optimising working capital, stopping all but essential capital expenditure, and making use of tax payments and other government relief measures.
|
|
Kind Investments will be obliged to inject 100 million rand into the business by way of an interest free-loan, which will be used as working capital and to buy shop stock, Choppies said.
|
|
The IBA is also considering a proposal to set up two funds to buy equity in companies under debt stress and provide them with working capital, another banker said, confirming a recent newspaper report.
|
|
The financial assistance "can only be used by the company to supplement its working capital or repay bank loans," Jiangxi Copper said late on Wednesday in a statement to the Hong Kong stock exchange.
|
|
Summary of Financial Statement Adjustments -Readily Available Cash: At 31 August 2015 Fitch estimated EUR100m of the group's reported cash and cash equivalents as restricted, required to fund the group's intra-year working capital needs.
|
|
Funds managed by Prestige offer credit facilities, working capital and development finance to a diverse range of commercial sectors including food, farming and agriculture and infrastructure related opportunities including renewable energy and waste to energy.
|
|
" Instead, he argued that the amount of working capital and inventory costs that go into a particular store should also be considered, because they represent "ongoing capital required that could get put to other uses.
|
|
Meesho is trying to get these businesses, most of whom don't have working capital to enable their own online presence, to sell online, Vidit Aatrey, Meesho co-founder and CEO, told TechCrunch in an interview.
|
|
This will help Crown as it expands and lower its net financial leverage (ratio of gross adjusted debt less cash in excess of working capital cash to the sum of operating EBITDA and MCE dividends).
|
|
"We continue to believe that a cut to 2Q FCF of this magnitude makes little sense given most of the structural cash headwinds (restructuring, working capital solutions wind down, etc.) are 2H weighted," Tusa said.
|
|
The negative CFO stems from the high working capital intensity of the business, which offsets the stable cash flow arising from the business of distributing prepaid vouchers for PT Telekomunikasi Selular (Telkomsel, AAA(idn)/Stable).
|
|
Steinhoff is fighting for survival after revealing multi-billion euro holes in its balance sheet that wiped more than 90 percent off its market value and forced it to sell assets to fund working capital.
|
|
On the other hand, working capital — the amount of cash available for farmers to fund their operations after paying off all debt due within a year — is forecast to decline by 15 percent from 2019.
|
|
Fitch expects cash burn (CFO after capex and pension contributions) of $2123 billion in 2016 and $1.8 billion in 2017, assuming $250 million in annual working capital benefit from store closings and less inventory buys.
|
|
Investors are closely watching Bombardier's Berlin-based transportation unit after the company attributed a disappointing free cash flow forecast to working capital needs in the division, sparking a sell off of its stocks and bonds.
|
|
A gain of 2.79 billion yuan is expected to be generated from the sale which Calxon will use as working capital and to enhance its capital reserve and cash flows, Evergrande said in a statement.
|
|
Kohl's continues to generate strong free cash flow after dividends (FCF) which is expected to be $700 million to $800 million in 2016, reflecting a significant reduction in working capital, and $300 million in 2017.
|
|
LONDON, Nov 16 (Reuters) - Swiss energy commodity trader Gunvor Group has signed a US$13bn revolving credit facility that will be used for general corporate purposes and working capital requirements, the company said on Thursday.
|
|
Cash flow generated from operating activities was C$1,003 million in the first quarter, up from C$985 million in the corresponding period in 2018, reflecting higher working capital effects, partially offset by lower earnings.
|
|
FCF Generation Recovery: We project FCF margin will remain strong at 6%-0003% or EUR0.7-EUR0.8 billion a year in the next four years, supported by anticipated further profit gains and improving working-capital management.
|
|
In addition, Fitch adjusts working-capital cash movements by decreasing it by the year-on-year increase in outstanding factoring funding (EUR37 million in FY17) and decreasing cash flows from financing by the same amount.
|
|
Singer has a further LKR7.9 billion of short-term working capital debt, which we expect will be rolled over by lenders in the normal course of business, given Singer's growing business and stable operating profile.
|
|
CVC acquired Wireless Logic from ECI Partners in 2015, backed with a £75m financing provided by Ares Management and GE Capital, split between a £65m unitranche facility and a £10m working capital and acquisition facility.
|
|
"There are two things we want to achieve here: increase the (volume of) transactions at the exchange and incentivise brokers to improve their net adjusted working capital," Nurhaida said, referring to brokers' capital adequacy level.
|
|
In 20163, the World Domino Federation's recognition of Abkhazia's independence, despite protests from Georgian officials, was seen as a major breakthrough by politicians in Abkhazia's working capital, Sukhumi, where the game has a passionate following.
|
|
"This will act as a vehicle to support corporates who would ordinarily seek market-based finance for their working capital, but find themselves unable to access financial markets in this uncertain operating environment," Sunak said.
|
|
While the indebted carrier's operational performance has improved since mid-July, the company's working capital has decreased this year amid ongoing engine problems and the grounding of its fleet of Boeing MAX aircraft, it added.
|
|
Intel said it expects to raise $7.96 billion from the sale of the senior notes, which it plans to use for "general corporate purposes," including refinancing its debt and for working capital and capital expenditures.
|
|
Most small businesses – about 70 percent according to one study – have debt in the form of working capital loans to buy inventory, credit card balances that fund travel or mortgages on our properties and equipment.
|
|
As a result, contractors which normally rely on short-term funding for projects are feeling an impact on their working capital, so their ability to repay debt is not as strong as it was before.
|
|
The retailer said on Monday that recent movements in its stock and customer deposit levels had led to a reduction in the amount it can draw down under the working capital facility with Wells Fargo.
|
|
"One of the things that we&aposve been focused on as part of the restructuring efforts is to optimize our working capital and to preserve cash, just given the current capital-markets environment," Hyder said.
|
|
"Working capital needs for small and medium developers and other businesses will be a lot higher," said Jain, adding that prices will correct in markets where substantial speculative investments have been made using unregistered cash.
|
|
Tic * Business unit will be transferred for a consideration of 8.8 million euros ($9.41 million) in addition to the net working capital of the branch * Operation to be entirely financed with already available resources * Diete.
|
|
"The combined sum of the financing package gives us considerable balance sheet strength and working capital headroom so we can continue to push through this period of market weakness," Altura Managing Director, James Brown, said.
|
|
The recovery process is no simpler: for each loan, a debt restructuring accord alone can cost more than 100,000 euros, and a turnaround plan requires working-capital financing and often new managers and fresh equity.
|
|
The State Bank of Pakistan said while inflation rose to 3.6 percent in August from 1.8 for the same month last year, stability in market interest rates would be instrumental for working capital and fixed investment.
|
|
Strong Cash Flow Expected: Fitch expects that Baxter will generate roughly $1.5 billion to $9083 billion in annual pro forma cash flow from operations during 2016 driven by expected operational strength and sound working capital management.
|
|
Bunge generated a deficit of $722 million during the LTM period due primarily to the working capital increase in RMI attributable to merchandising activities that increased by $1.4 billion in the first six months of 2016.
|
|
The consortium will provide a 20173 million pound ($25 million) bridging loan facility to support Flybe's working capital requirements and up to 80 million pounds of funding would be made available once the deal was completed.
|
|
Santander's British arm, for instance, has teamed up with Kabbage, an American startup, to offer small companies working-capital loans; BBVA, a Spanish bank, acquired Holvi, a Finnish startup that helps companies track cashflow and invoices.
|
|
The Company expects to use the net proceeds from this financing for general corporate purposes, including but not limited to general operating expenses, development of its pipeline products, payment of indebtedness and obligations, and working capital.
|
|
SBF said the proposal included a 120 million real ($31 million) loan to boost Netshoes' immediate working capital needs, with a commitment to release 70 million reais two days after the signature of a merger agreement.
|
|
Proceeds from the sale of Hutchison Global Communications (HGC), which provides fixed-line phone services as well as Wifi all around Hong Kong, will be used for investment into mobile phone services and for working capital.
|
|
Strong Cash Flow Expected: Fitch expects that Baxter will generate roughly $1.5 billion to $1.6 billion in annual pro forma cash flow from operations during 2016 driven by expected operational strength and sound working capital management.
|
|
Clashing over who should shoulder potential liabilities related to cost overruns and over calculations for working capital for the unit, CB&I sued Toshiba's Westinghouse division after Westinghouse said it was owed more than $2 billion.
|
|
High Seasonality: Working capital is highly seasonal and typically increases in the first quarter of the company's financial year (between October and December) when TCG pays its hotels and other suppliers after the busy summer season.
|
|
On May 3, 2016, we acquired 100% of the equity interests of Danya International, LLC for a purchase price of $38.75 million, subject to certain adjustments including a final assessment of Danya's closing date working capital.
|
|
While shares of Singapore-listed Noble jumped on Monday after it said it will sell its U.S. energy unit to Calpine for $800 million plus working capital, they are still down 32 per cent this year.
|
|
"As long as we judge our marginal after-tax cost of debt to be lower than our marginal cost of equity, we'll continue to finance our working capital needs through the high yield market," it read.
|
|
The funds, to be injected by Pavilion Capital Fund Holdings, will be used to expand its business and pursue new opportunities, joint ventures or partnerships and for working capital, Ezion said in a statement on Friday.
|
|
This debt is mostly composed of working capital financing and bank debt amortizations, which favorably compares to USD130 million of non-restricted cash and USD349 million in undrawn committed credit lines maturing predominantly in 13-2020.
|
|
"Netflix intends to use the net proceeds from this offering for general corporate purposes, which may include content acquisitions, capital expenditures, investments, working capital and potential acquisitions and strategic transactions," the company said in a statement.
|
|
The affirmation reflects Fitch's expectation that LSR's leverage will remain within the rating sensitivities, despite the large working capital increase driven by its sizeable investment in the development of the large housebuilding site (ZIL) in Moscow.
|
|
Bunge generated a deficit of $722 million during the LTM period due primarily to the working capital increase in RMI attributable to merchandising activities that increased by $7503 billion in the first six months of 2016.
|
|
Furthermore, the company's negative CFO would have been worse if not for the fact that its retailing business operates with a negative working capital cycle: its payables term is far more generous than its receivables term.
|
|
The Journal quoted Markopolos as saying in a research report that GE is short on working capital — a key measure of liquidity — and that its cash situation is far worse than disclosed in its regulatory filings.
|
|
Steinhoff is fighting for survival after revealing multi-billion euro holes in its balance sheet that wiped away more than 90 percent of its market value and forced it to sell assets to raise working capital.
|
|
That provision, according to CB&I, was only to be used to true up the parties' working capital expenses between the signing of the sale agreement in October and the closing of the deal in December.
|
|
PayPal Working Capital will also continue to operate as it does today, and the company will continue to integrate Swift Financial into its business – the company it acquired earlier this year to bolster small business lending.
|
|
A Bombardier spokesman said problems with the Swiss trains would not cause "significant changes" to the company's working capital outlook and were expected to be resolved within weeks, although he declined to provide a delivery schedule.
|
|
However, Fitch believes Sritex's lower working capital pressure, larger scale, wider profit margin and stronger financial profile, as indicated by its lower leverage and higher interest coverage, warrants a multiple-notch rating difference to Pan Brothers.
|
|
"Nearly 17 months after the creation of the legal adult-use market, the Canadian recreational market has developed slower than anticipated, creating working capital and profitability challenges across the industry," the company said in the statement.
|
|
The EU competition enforcer said the measures limit the risk taken by Latvia up to 50% for each loan while the working capital loans will be provided at reduced interest rates with limited maturity and size.
|
|
CIT's oil and gas loan exposure, the majority of which is secured by traditional reserve-based lending assets, working capital assets or long-lived fixed assets, comprised a manageable 2.4% of total loans as of Sept.
|
|
The company also said it would achieve an improvement in its working capital position of 200 billion roubles by the end of 2018 through "a number of initiatives in the trading business and the procurement function".
|
|
Payment delays from credit card companies reduced its working capital by some 4 billion Norwegian kroner ($439 million) in the second quarter of 2019, compared to the same period last year, Norwegian Air said on Monday.
|
|
MELBOURNE, Feb 21 (Reuters) - GFG Alliance, a privately held metal and energy conglomerate that is building a steel business in Australia, said on Thursday it has secured $465 million in working capital from two boutique lenders.
|
|
Readily Available Cash: At 31 December 2016, Fitch estimated that EUR1 billion of cash was needed to fund intra-year working capital needs (average peak to trough), and therefore not considered readily available for debt repayments.
|
|
The analysis of Chinese listed companies that have reported 2015 earnings shows it takes them almost 603 days to turn working capital - broadly the net amount tied up in stocks and bills payable and receivable - into cash.
|
|
"Loan growth in the fourth quarter came in weaker than management's expectations due to the shortage of FX currency, which resulted in a drop in working capital lending to companies," said a note by Kuwait's NBK Capital.
|
|
We project that the FCF margin will increase gradually to just more than 1.5% by 2019 as the company further optimises its cash conversion and working capital, but this incorporates a lower capex ratio than close competitors.
|
|
"After fees, a worse than previously assumed working capital outflow and confirmation of the average debt level using daily averages, the annualised benefit from the rights issue is arguably only around 90 million pounds," the analysts wrote.
|
|
When burned in open fires and traditional stoves, wood, charcoal and other solid fuels emit harmful smoke that claims millions of lives each year, according to the Clean Cooking Working Capital Fund, which supports less polluting stoves.
|
|
Lendingkart, one of the many startups in the country that is helping micro, small and medium-sized enterprises access working capital, has raised $30 million as part of its Series D financing round, it said on Friday.
|
|
Clashing over who should shoulder potential liabilities related to cost overruns and over calculations for net working capital for the unit, CB&I sued Toshiba's Westinghouse division after Westinghouse said it was owed more than $2 billion.
|
|
Fitch expects annual funds from operations (FFO) and free cash flow (FCF) to exceed $21000 billion and $2110 billion, respectively, but notes that FCF can be affected by large working capital swings inherent to large healthcare distributors.
|
|
Mainland-based China Hongqiao, which has roughly $16.6 billion in liabilities, will use 70 percent of proceeds to reduce debt due this year while the rest will go towards general working capital, it said in a filing.
|
|
"We are one of the biggest buyers of cinema tickets," Chopra tells me, noting that working capital, along with investing in growth, is one of the reasons why Perkbox has chosen to raise funding at this time.
|
|
Oando said it would reclassify some current liabilities as long-term liabilities to remedy its working capital by June and swap 27.5 billion naira of debt into equity, it said in a note to its 2018 accounts.
|
|
Fitch has projected $3371212 million in annual working capital benefit in 3371908 and 33710540 due to these liquidation sales as well as pulling back on inventory given materially negative comps, although realized figures could potentially be higher.
|
|
Steinhoff was thrown a lifeline last month when its creditors agreed to delay debt claims for three years after the multinational retailer uncovered accounting irregularities that sent its shares crashing and left it scrambling for working capital.
|
|
Though gas prices tumbled, Total said operating cash flow before working capital changes in its gas, renewables and power business surged 20.66% thanks to 20183% production growth and a 22018% increase in liquefied natural gas (LNG) sales.
|
|
Forbes said it had ample liquidity to support the business during the Chapter 11 proceeding and also secured a $50 million facility to be funded by certain of bondholders to ensure adequate working capital after the bankruptcy.
|
|
At the current rating level, Fitch calculates that BUT's cash from operations generation capacity, measured as FFO after change in working-capital needs, provides some headroom for network development through owned store openings or bolt-on acquisitions.
|
|
As of end-March 2017, almost 50% of the outstanding borrowings of Fitch-rated corporates consisted of short-term borrowings primarily funding working capital, exposing the companies to modest interest-rate risk at the point of refinancing.
|
|
The launch in July of the long-awaited Goods and Service Tax (GST), which transformed India's 29 states into a single customs union, has left firms at the bottom of the supply chain short of working capital.
|
|
Steinhoff wants to restructure its roughly nine billion euros debt after disclosing holes in its balance sheet that wiped more than 90 percent off its market value and forced it into asset sales to fund working capital.
|
|
Sources have told Reuters that DHFL will submit a resolution plan shortly, which may include extending the tenure of loans, converting debt into equity, seeking additional working capital and inducting a new management team and financial investors.
|
|
This compares well with 'B' non-food retail peers and is driven by the improvement of the group's business model, principally in terms of profitability and management of working capital needs resulting from management's successful optimisation measures.
|
|
"It's not the sexy area of banking, but students walked away from the class saying 'I didn't know it would be so interesting,'" said Ron Richter, a Rutgers professor who teaches a class on working capital management.
|
|
The company had available credit lines worth about $3 billion, including working capital lines for all regions as well as financing for the expansion of its Shanghai factory at the end of the fourth quarter of 2019.
|
|
The steel tubes supplier said on Saturday it had the acquisition of U.S. seamless pipes producer IPSCO Tubulars from PAO TMK, for $2225 billion on a cash-free, debt-free basis, including $2100 million of working capital.
|
|
It establishes a $500 million general technology modernization fund that agencies can borrow from in order to transition to new technology, in addition to allowing agencies to set up their own working capital funds for IT projects.
|
|
Business customers of these banks that were experiencing financial difficulty as a result of Carillion's collapse would be able to apply for payment holidays, fee support or, in the case of Lloyds, working capital, the banks said.
|
|
It establishes a $2900 million general technology modernization fund that agencies can borrow from in order to transition to new technology, in addition to allowing agencies to set up their own working capital funds for IT projects.
|
|
While working capital requirements and medium-term loans were the primary drivers of corporate credit growth for HDFC Bank, it was also seeing some growth for term loans, Deputy Managing Director Paresh Sukthankar told a news conference.
|
|
Its higher return on working capital and return on capital employed in 2015, at 10.4% and 6.5%, respectively, compared with 0003% and 4.9%, respectively, in 2014, shows that Tewoo was compensated for extending more favourable terms to counterparties.
|
|
At current EBITDA levels, the company is expected to generate $500 million to $600 million in annual FCF after around $600 million in capex and $400 to $500 million in regular dividends, and assuming neutral working capital swings.
|
|
OHL's working capital, a measure of financial health for building companies, was negative to the tune of 215 million euros at the end of June, though that was better than the -356 million euros registered three months earlier.
|
|
Although gas prices fell sharply, Total said operating cash flow before working capital changes in its gas, renewables and power business surged 42% thanks to 8% production growth and a 10% increase in liquefied natural gas (LNG) sales.
|
|
Sears plans to use some of the proceeds from these transactions, as well as anticipated improvements in its profitability and working capital, to reduce its overall debt and pension obligations by at least $1.5 billion this fiscal year.
|
|
The company's management confirmed its medium-term target level of net working capital of $1 billion, with the ratio of net debt to earnings before interest, taxation, depreciation and amortization (EBITDA) expected in the range of 1.5-2.5.
|
|
The agreement is the second in two days after the miner on Monday said it had reached a supply deal with Swiss trader MRI Trading AG, which also included a $15 million unsecured debt facility for working capital.
|
|
The company's value proposition for small business owners is the ability to use their existing credit card limits to extend business payables up to 55 days, interest-free, which means they have more working capital and cash flow.
|
|
This has the potential to increase the need for working capital as a scripted show can take up to two years to produce and some offsets, such as tax credits, are only received at the end of production.
|
|
"The decline in working capital facilities and the drop in payables were the main reason for the negative operating cash flows and reflects concerns over its liquidity and operations," said Chris Park, an analyst at Moody's Investors Service.
|
|
Cathay's board announced plans last month to issue T$35 billion to T$50 billion of preferred shares, with the proceeds to be used in part to help strengthen the financial structure and working capital of its units.
|
|
However, the agency expects adverse market conditions and the development of the large ZIL project to result in large working capital outflows in 2016-2017 on the back of a lower-than-normal level of prepayments from customers.
|
|
He said the firm had been working with the SBA and Treasury to make sure they can inject working capital into these small businesses, and "prevent them from having to go out of business" as Americans self-quarantine.
|
|
This year Accion Venture Lab supported a $6.5 million Series A investment in Lulalend, a South African startup that uses internal credit metrics to provide short-term loans to SMEs that are often unable to obtain working capital.
|
|
BEIJING, March 13 (Reuters) - Baoshan Iron & Steel Co Ltd , China's top listed steel producer, said on Tuesday it would issue bonds worth up to 3 billion yuan ($430 million), partly to boost working capital amid the coronavirus outbreak.
|
|
In today's announcement, Netflix says it intends to use the net proceeds from this offering "for general corporate purposes, which may include content acquisitions, production and development, capital expenditures, investments, working capital and potential acquisitions and strategic transactions."
|
|
"Rolls-Royce's financial risk profile is constrained by weaker-than-expected leverage metrics, especially in 2016; high levels of capex and research and development spending; historical working capital outflows; and the cash disbursement of fines," S&P said.
|
|
Although Steinhoff has largely contained the short-term liquidity crisis in its European businesses, its working capital remains tight after it agreed with lenders it would not access undrawn credit facilities in exchange for creditors waiving due payments.
|
|
Clothing and furnishing retailer Laura Ashley announced on Wednesday it should be able to use funds from its existing working capital facility to meet immediate funding needs following discussions with Wells Fargo & Co and Malaysian group MUI Asia.
|
|
Others are taking out the loans for M&A activities or to raise working capital that would allow them to prolong construction periods in hopes that the government will lift price caps on new projects, the lenders say.
|
|
Governor Warjiyo conceded BI's loosening had had limited success in driving down lending rates, with the working capital loan rate only down by 18 basis points since June, compared with the 100 bps total reduction in BI's benchmark.
|
|
According to a new creditors report by administrator KordaMentha, the cash value from CBS includes $139.1 million to repay secured creditors including the Commonwealth Bank, $32 million for the creditors trust fund and $30 million in working capital.
|
|
Alstom had sued GE last May, accusing the Boston-based conglomerate of breach of contract for refusing to let Deloitte decide whether the purchase price should be adjusted up or down to account for working capital and net debt.
|
|
The company is on track to generate around $300 million in free cash flow in fiscal 2017 (6.0% FCF margin) owing to improved working capital management, a favorable amendment to its term loans, and a lower capital expenditure profile.
|
|
"Both options proposed sufficient funding to satisfy claims of all creditors in full and included an undertaking to provide significant working capital and new investment program over a five-year term to ensure success of Force India," it added.
|
|
UK company treasurers are also using a wider range of financing that also includes bilateral loans, short-term trade and working capital financing, US and European private placements, Schuldschein as well as terming out debt in the bond markets.
|
|
"If Amazon wants to build a bigger seller ecosystem in China — and grow its worldwide marketplace — providing working capital is a key factor," said Don Zhao, co-founder of Azoya, a company that helps e-commerce businesses in China.
|
|
Greensill, which provides supply chain funding to companies, said it plans to use the funding in part to accelerate its expansion into Brazil and enter markets like China, India, as well as tap into the working capital finance sector.
|
|
HotelTonight said today it plans to use the new funding for working capital as it continues to grow, noting it took more than $300M in gross booking volume and recorded more than 100 percent year over year revenue growth.
|
|
For Alibaba, offering a way to finance purchases is an essential component of courting small and medium businesses, which may not always have a large amount of working capital at hand to reinvest in equipment and other business services.
|
|
If the biggest pain point to running these businesses is working capital and we can solve that — if business owners will pay for access to capital and for tools that help them run their business — that clicked for us.
|
|
Under the proposed joint venture, Rémy Cointreau would contribute all Passoã operations, including trademarks and inventory, while Lucas Bols N.V. would contribute both its know-how and expertise in the liqueur and cocktail business, as well as working capital.
|
|
Its proportionately consolidated FFO-adjusted-net-leverage surged to about 3.3x at end-2015, from 1.7x in the previous year, and its proprietary brand operation recorded increased losses and significant cash outflow on large capex and increased working capital.
|
|
Greater than expected profit margin expansion from restructuring, Fitch's expectations for improved working capital efficiency following the company's inkjet supplies model shift and HP's capex-light model enabled by OEM printing and EMS PC relationships will drive solid FCF.
|
|
It also reflects the strengthening of the group's balance sheet and financial flexibility, mainly achieved by the divesture of Tesco's Korean operations (Homeplus) and other capital preservation measures, including working capital and capex rationalisation, and no dividends being paid.
|
|
Indian daily Mint had reported earlier on Monday that Jet had secured foreign currency term loans worth 11 billion rupees and a credit facility of 9.50 billion rupees from PNB for its working capital needs, citing an unnamed source.
|
|
More than a third of the group's 3.19 billion euro operating cash flow came from reduced working capital - thanks largely to reduced stocks of vehicles and parts - of which the bulk came from Opel, mirroring PSA's earlier turnaround efforts.
|
|
Aspire founder and CEO Andrea Baronchelli pictured while at Lazada Today, Aspire Capital covers Singapore where it has expanded beyond e-commerce merchants to cover other things of SMEs who seek loans, primarily for working capital as Baronchelli explains.
|
|
Recent weakening of the pound (the currency of purchase of whisky) against the euro and expected benefits from the undergoing efficiency program are likely to result in continued moderate cash outflows for working capital needs in the near term.
|
|
Steinhoff has already sold assets that include its stakes in South African industrial firm KAP Industrial and investment house PSG Holdings to pay down debt and inject working capital into its chains because lenders have cut off credit lines.
|
|
Fitch estimates readily available cash on balance sheet (total cash excluding estimated cash necessary to fund intra-year working-capital needs and restricted cash related to consumer financing) to be at its lowest at EUR103 million at end-FY17.
|
|
REPORTS FIRST QUARTER 2018 FINANCIAL RESULTS AND RECENT CORPORATE HIGHLIGHTS * XSPAND PRODUCTS LAB - BELIEVES IT HAS ENOUGH FUNDS TO MEET WORKING CAPITAL, DEBT SERVICE & CAPEX REQUIREMENTS FOR AT LEAST NEXT 12 MONTHS Source text for Eikon: Further company coverage:
|
|
Strong FCF at Mphasis: We expect Mphasis to continue generating positive FCF with a 5%-7% margin due to its low capex with capital intensity likely to be 1%-2%, modest working capital requirement, rising revenue and stable margins.
|
|
Leverage fell to 3.2x at end-September 13 from a peak of 3.7x at end-June 2017 as working capital needs returned to normal after new capacity increased sufficiently to ease a production bottleneck in its finished fabrics division.
|
|
KEY RATING DRIVERS Working Capital Normalising: We expect Sritex's cash conversion cycle to normalise to less than 190 days by end-2017, from a high of 217 days as of end-June 2017, and 181 days at end-2016.
|
|
While Opel burned through 1.46 billion euros in cash in the last five months of 2017, Bernstein analyst Max Warburton said he saw room for strong improvement in working capital that accounted for about one-third of the drain.
|
|
"SMI recently became aware of new material information on the Hyflux group that significantly increases the working capital requirements of the group," it said in an emailed statement, adding that would affect the amount available for settlement to creditors.
|
|
Readily Available Cash: At 30 June 2015 Fitch estimated EUR40m of the group's reported cash and cash equivalents, split into EUR30m needed to fund intra-year working capital needs and EUR10m in relation to the group's consumer financing activity.
|
|
New Street Research analysts said in a note that the guidance was around 16% ahead of market expectations "due to underlying improvements in working capital which materially reduces what in the past has been a constant drag for TIM".
|
|
Under the deal, the consortium will provide a 20 million pound ($25 million) bridging loan facility to support Flybe's working capital requirements and up to 80 million pounds of funding would be made available once the deal is completed.
|
|
The raising will provide working capital for the ramp-up of the Pilgangoora operation and will also fund Pilbara's participation in a joint venture with South Korea's POSCO for a chemical conversion plant, the company said in a statement.
|
|
Free cash flow at $33 million was positive for only the third time in Tesla's history and was helped by a surge of new production of the Model 3, lower capital expenditures, and more efficient use of working capital.
|
|
The No. 2 U.S. automaker, which also withdrew its 2020 finnacial forecast, said the additional cash from the borrowings will be used to offset the temporary working capital impacts of the coronavirus-related production shut downs and to preserve.
|
|
But they would make it cheaper for businesses to finance the extra working capital to carry them through a period of weaker demand, and they would signal to markets that the Fed is actively seeking to ease the pain.
|
|
Citigroup's loan growth said little about the U.S. economy because it came largely from corporations looking for international trade loans and working capital financing as well as from private banking clients in Asia, Chief Financial Officer John Gerspach told reporters.
|
|
However, a persistent lack of EBITDA recovery could lead to growing difficulties at renewing the group's letters of credit (used to fund its working capital needs) leading to an accelerating cash burn and diminishing resources to fund management's turnaround plan.
|
|
The build-up of raw materials could hit working capital in the fourth quarter by up to 10 million pounds ($13 million), Premier said, adding it expected to recoup that cost in the following financial year as the situation normalises.
|
|
On top of the approximately $400 million from the Vitol deal, the trader said it had "generated over $100 million of cash proceeds" from the wind down of working capital balances in NCFL, which was largely concluded in December 2017.
|
|
The build-up of raw materials could hit working capital in the fourth quarter by up to 10 million pounds ($13 million), Premier said, adding it expected to recoup that cost in the following financial year as the situation normalizes.
|
|
As revenues fell stagnant, companies tried to squeeze the most from their internal resources by improving the management of their working capital and extending payment terms, says Richard Hite, director of supply-chain finance at Barclays, a big British bank.
|
|
The fund grew out of her collaboration, beginning in the late 1950s, with a Ford vice president, W. McNeil Lowry, to create incentives for symphonies, ballet companies, theaters and other arts groups to liquidate their deficits and build working capital reserves.
|
|
JBF RAK stopped production of PET resin at its plant in the emirate of Ras Al Khaimah at the end of June after the company experienced a shortage of working capital, Chief Operating Officer Rohit Maindwal told Reuters on Aug. 10.
|
|
Controllable Leverage, Moderate Coverage: Fitch expects BFG's leverage to remain high but relatively controlled at around 6x in the next few years as a result of fluctuations in working capital, continued capital expenditure and gradual improvement in funds from operations (FFO).
|
|