The Bain Capital LLC consortium that bought BMC Software Inc. in a $6.7 billion September leveraged buyout is wasting no time extracting cash from the computer-network software maker after sales declined.
Chesapeake Energy Corp., the second-largest U.S. gas producer, sold a record $3 billion bond offering in two parts to refinance debt, as the cost to protect its obligations against default approaches a six-year low.
BMC Software Inc. raised $750 million of debt to pay a dividend to shareholders including Bain Capital LLC seven months after they acquired the provider of software that runs corporate computer networks.
McGraw Hill Financial Inc. plans to move about 250 employees to lower Manhattan as it leaves the Midtown building that bears its name, becoming the latest information-related company to depart the area.
Lenders from JPMorgan Chase & Co. to Bank of America Corp. warned that corporate-bond buyers were in for another year of rising yields that would erode returns. China, the polar vortex and Vladimir Putin are upending those forecasts.
American Apparel Inc. used to enthrall 16- to 25-year-olds with its neon bike shorts and lace- thong leotards. Now, it’s just trying to raise enough cash to keep creditors at bay for at least six more months.