Wednesday, August 2, 2023

Davidson Kempner sends legal notice to Aakash for loan covenant breach

In the legal notice which was sent to the company last week, Davidson Kempner said it reserves the right to invoke Aakash’s pledged shares which were offered as collateral and potentially take control of the company.

from Tech-Economic Times https://ift.tt/cT1mO4a
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Softbank Group launches over $10 billion in bonds for OpenAI investment, term sheet shows

The dollar-denominated notes are split into 3-1/2-year, 5-1/2-year and 7-1/2-year tenors, while the euro-denominated bonds are split into 4-...