Banks Promised $7 Billion for a Casino Deal. Then the Coronavirus Hit [Yahoo! Finance News]
Federated Hermes, Inc. (FHI)
Last federated hermes, inc. earnings: 4/30 04:17 pm
Check Earnings Report
Company Research
Source: Yahoo! Finance News
) -- Banks that agreed to provide over $7 billion of loans for Eldorado Resorts Inc.’s acquisition of Caesars Corp. face an uphill battle to offload the debt to investors as fears over the coronavirus outbreak wreak havoc across the travel and leisure industry. JPMorgan Chase & Co., Credit Suisse Group AG and Macquarie Group Ltd. agreed to the financing last June. Now, with the takeover expected to close as soon as next month, the underwriters are confronting a tight window to sell bond and loan buyers on the idea of lending to a highly leveraged gaming company just as Americans cancel their vacations, casinos empty out and the conference scene grinds to a halt. If the banks aren’t able to find enough takers, they may have little choice but to offer the debt at a steep discount. They could even be forced to come up with the cash themselves, burning a hole in their balance sheet as they wait for better days to shift the risk to investors. “The best comparison might be 9/11, when peopl
Show less
Read more
Impact Snapshot
Event Time:
FHI
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
FHI alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
FHI alerts
High impacting Federated Hermes, Inc. news events
Weekly update
A roundup of the hottest topics
FHI
News
- Month-end portfolio data now available for Federated Hermes Premier Municipal Income FundPR Newswire
- Federated Hermes Premier Municipal Income Fund declares dividend and announces new TrusteesPR Newswire
- Federated Hermes, Inc. (NYSE: FHI) was downgraded by analysts at StockNews.com from a "strong-buy" rating to a "buy" rating.MarketBeat
- Federated Hermes, Inc. (NYSE: FHI) was upgraded by analysts at StockNews.com from a "buy" rating to a "strong-buy" rating.MarketBeat
- Month-end portfolio data now available for Federated Hermes Premier Municipal Income FundPR Newswire
FHI
Earnings
- 10/24/24 - Beat
FHI
Sec Filings
- 11/4/24 - Form 4
- 10/30/24 - Form 4
- 10/11/24 - Form 4
- FHI's page on the SEC website