Nicholas Yaxley.

About Nicholas Yaxley

Nick founded BondAdviser in July 2014. He has over 15 years’ experience in developing research and investment solutions across Public and Private Credit Markets. Read bio >
22 Mar, 2017

New Issue: Villa World Bonds

By |2021-09-24T10:47:11+10:00Mar 22, 2017|Research|

On the 22nd of March 2017, Villa World Limited (ASX: VLW) announced a new issue, Villa World Bonds (Prospective ASX Code: VLWHA). The bonds are expected to be issued on the 21st of April 2017. The minimum size of the offer is $50 million but will change based on demand, and the proceeds from the transaction will be used to grow [...]

22 Mar, 2017

Slater Gordon: Debt-for-Equity Swap to Stay Afloat

By |2017-03-22T23:27:14+11:00Mar 22, 2017|Case Study|

In early 2015, legal firm Slater and Gordon (ASX: SGH) acquired the professional services division of the controversial UK group Quindell Plc for $1.2 billion. The debt-funded acquisition, which management hoped to be transformational, has since resulted in large losses and been completely written down, weighing significantly on the firm’s earnings and balance sheet. The weak performance of the group continued [...]