|Bid||0.00 x 1100|
|Ask||0.00 x 800|
|Day's Range||78.45 - 79.02|
|52 Week Range||77.59 - 100.03|
|PE Ratio (TTM)||7.10|
|Forward Dividend & Yield||1.78 (2.24%)|
|1y Target Est||115.37|
The agency that runs New Orleans’ convention center may build a 1,200-room Omni Hotel attached to the exhibition hall, a project that local tourism officials say is needed to boost business in the Big Easy. If the project is given the go ahead, the $516.5 million needed to finance it won’t come from selling tax-exempt bonds to mutual-fund managers and individual investors in a public offering, as is typically done. It will come from a loan from Preston Hollow Capital, a little known company that’s looking to shake up the $3.8 trillion state and local government bond market with a direct-lending model that’s ballooned in corporate America.
Asian giant, Japan witnessed the highest growth in real wages in more than 21 years. This was the result of a steady increase in monthly pays and payouts in the form of summer bonuses.
A unit of HNA Group Co. agreed to sell 30% of aircraft lessor Avolon Holdings Ltd. for $2.2 billion to Japan’s Orix Corp., the latest in a string of selloffs by the formerly acquisitive Chinese conglomerate. Bohai Capital, whose largest shareholder is HNA, will sell the stake to the aviation arm of Japanese financial services group Orix, the companies said on Wednesday. HNA, the airlines-to-hotels company, has sold assets around the world as it seeks to repay debt and streamline after a multiyear shopping spree.
Avolon Holdings Chief Executive Officer Domhnal Slattery discusses Orix Corp.'s purchase of a stake in the aircraft lessor from China’s HNA Group. He speaks with Bloomberg's Vonnie Quinn and Mark Barton ...
ORIX Corporation announced today that, via its group company in Ireland, ORIX Aviation Systems Limited , which is not only an established aircraft leasing and trading company but also a leading S&P ranked aircraft asset manager, has signed an agreement to acquire 30% of the outstanding shares of Ireland‐based Avolon Holdings Limited , which is a leading global aircraft leasing company.
TOKYO/SINGAPORE (Reuters) - Japanese financial services group Orix Corp (8591.T) has struck a $2.2 billion (1.7 billion pounds) deal to buy a 30 percent stake in aircraft lessor Avolon Holdings as cash-strapped Chinese conglomerate HNA Group Co Ltd trims holdings in its core assets. The stake purchase in the world's No. 3 lessor will help Orix to bulk up in the $280 billion (216.9 billion pounds) global aircraft leasing market, where demand is growing, supported by a rise in low-cost carriers and passenger traffic. The agreed deal will allow Orix Aviation Systems Ltd, a fully-owned unit of Orix, to gain part control of a lessor that has 562 aircraft, nearly three times its size.
Moody's Investors Service ("Moody's") is reviewing for upgrade the Ba2 corporate family rating of Avolon Holdings Limited and the Ba3 senior unsecured ratings of its subsidiaries Avolon Holdings Funding Limited and Park Aerospace Holdings Limited. This follows the announcement by Avolon's parent Bohai Capital Holding Co., Ltd. that it has agreed to sell a 30% interest in Avolon to ORIX Corporation (A3 stable) for $2.2 billion, subject to closing adjustments.
Moody's Japan K.K. has affirmed ORIX Corporation's (ORIX) A3 issuer rating, following ORIX's announcement on 8 August 2018 that the company will acquire 30% shares of Avolon Holdings Limited (Avolon, Ba2 stable) through its wholly owned aircraft leasing subsidiary, ORIX Aviation Systems Limited, based in Dublin, Ireland. The affirmation of ORIX's rating reflects Moody's view that the JPY250 billion acquisition of 30% shares of Avolon will strengthen ORIX's competitive position in its aircraft leasing business and hence improve its profitability, without materially weakening the company's credit profile.
Orix Corp. agreed to buy a stake in aircraft lessor Avolon Holdings Ltd. from China’s HNA Group Co. for $2.21 billion in one of the Japanese financial firm’s largest-ever deals. Through its aviation-leasing unit, Orix will get a 30 percent stake in Avolon from HNA’s Bohai Capital Holding Co. unit, the Tokyo-based company said in a statement on Wednesday. HNA is unwinding deals that had made it one of China’s most aggressive acquirers of foreign businesses.
SINGAPORE/HONG KONG (Reuters) - China's HNA Group Co Ltd is in advanced talks to sell a 30 percent stake in aircraft lessor Avolon Holdings Ltd to Japan's Orix Corp (8591.T), two sources said, as the company attempts to restructure and trim stakes even in its core assets. The aviation-to-financial services conglomerate, which has racked up massive debt from acquisitions in recent years, is nearing a deal to sell the stake in Dublin-based Avolon for about $2.2 billion, the sources, who were familiar with the matter, told Reuters. One of the sources said the parties could announce a deal as early as Wednesday.
SINGAPORE/HONG KONG (Reuters) - China's HNA Group Co Ltd is in advanced talks to sell a 30 percent stake in aircraft lessor Avolon Holdings Ltd to Japan's Orix Corp (8591.T), two sources said, as the company attempts to restructure and trim stakes even in its core assets. The aviation-to-financial services conglomerate, which has racked up massive debt from acquisitions in recent years, is nearing a deal to sell the stake in Dublin-based Avolon for about $2.2 billion (1.7 billion pounds), the sources, who were familiar with the matter, told Reuters. One of the sources said the parties could announce a deal as early as Wednesday.
Less than a year after ORIX Corporation USA acquired Lancaster Pollard, the two companies displayed the synergies of the acquisition with the closing of a $16.7 million construction financing.
HNA Group Co., the Chinese conglomerate unwinding a global acquisition spree, is in advanced talks to sell a minority stake in jet lessor Avolon Holdings Ltd. to Japan’s Orix Corp., people with knowledge of the matter said. Orix has been discussing the purchase of around a 30 percent stake in Avolon from HNA’s Shenzhen-listed arm Bohai Capital Holding Co., according to the people. HNA has already shed more than $17 billion of assets this year, a pace of dealmaking that reverses a multiyear acquisition spree that saddled it with one of corporate China’s biggest debt loads.
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NEW YORK, NY / ACCESSWIRE / July 30, 2018 / ORIX Corporation Sponsored ADR (NYSE: IX ) will be discussing their earnings results in their Q1 Earnings Call to be held on July 30, 2018 at 5:00 PM Eastern ...
Moody's Investors Service ("Moody's") placed NXT Capital, Inc.'s ("NXT") Ba3 corporate family rating and Ba3 senior secured rating on review for upgrade. The rating action follows NXT's announcement on 1 July 2018 that ORIX Corporation ("ORIX") had signed a definitive agreement to acquire 100% ownership of NXT through its wholly owned subsidiary, ORIX Corporation USA.
ORIX Capital Partners announced the acquisition of Peak Utility Services Group , a Denver-based leading provider of maintenance, repair, upgrade and installation services for the telecom, electric and natural gas infrastructure markets in the Pacific Northwest and Intermountain West regions of the United States.
Moody's Investors Service says that China Water Affairs Group Limited's (CWA) results for the fiscal year ended 31 March 2018 (FY2018) are broadly consistent with Moody's expectations and are in line with the company's Ba1 corporate family and senior unsecured ratings. "CWA's improved operating performance in FY2018 reflects the growing scale of its water supply operations," says Ada Li, a Moody's Vice President and Senior Analyst.
ORIX Corporation has submitted its annual Form 20-F for the fiscal year ended March 31, 2018 to the U.S. Securities and Exchange Commission on June 28, 2018.
Redwood Living, Inc. and RED Mortgage Capital, the proprietary debt and equity banking arm of comprehensive capital provider RED Capital Group, LLC , are once again celebrating a milestone in their relationship by surpassing $700M in total financing.