I know there have been a lot of posts about podcasts, but I haven’t been able to find what I’m looking for. Does anyone know if there’s any good podcasts that recap recent M&A activity? Looking for something that talks about specific deals instead of more general finance news. Thanks!
| +162 | How to stop feeling like shit for not making it in IB? | 59 | 36m | |
| +118 | If Tik Tok is forced to sell, what banks do you think would be involved in the deal? | 59 | 1h | |
| +84 | Updated LA Banking Scene (2024) | 60 | 2h | |
| +39 | Ranking banks that went under | 23 | 4s | |
| +37 | Burnt Out M&A ASO | 19 | 2s | |
| +35 | Relevance of A-Levels for U.K. London recruiting | 24 | 4h | |
| +32 | A strategy for SA applicants late to the game like myself | 15 | 22h | |
| +27 | Series 79 Help / Tips to Pass The First Attempt | 11 | 2d | |
| +27 | Intern Ettiquette | 4 | 1d | |
| +23 | What are hours like at BBs in London? | 47 | 1d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Bump
following
Any $$ in hosting a podcast? Tell me how to create a podcast and I’ll do it
Joey “DMT” Rogan signed a 100mm podcast deal with Spotify, so yeah there is a little bit of money in podcasts
Insert Vince McMahon (escalating) meme [Step 3 of 3]
Interested —> VERY interested —> MIND BLOWN (falls out of chair)
Bump
Mergermarket has one I believe (dealcast), so does debtwire
For the people following, the best one I’ve found so far is “Acquired”
Is it on youtube?
Don’t know. I just googled it and looked at the apple podcast website. It was free and I didn’t need to download anything
I got a deal for u - announced today
NRG Energy inks $3.625B deal to buy Direct Energy, plans $2.361B of M&A debt NRG Energy this morning announced that it has agreed to purchase Direct Energy, a unit of Centrica plc, in a $3.625 billion all-cash transaction. The buyer plans to finance the purchase with $2.361 billion of debt, $750 million of equity-linked securities and $664 million of existing capital, according to an investor presentation. NRG also intends to grow its existing collateral facilities by $3.5 billion, adding new letter of credit facilities and upsizing its existing revolver, with a plan to reduce those facilities by $1.5 billion to $2 billion subsequently, per the presentation.
NRG noted in the presentation that it is committed to its investment-grade credit ratings target, and anticipates returning to a 2.50x–2.75x net debt to adjusted EBITDA ratio within 12 months of closing. The company intends to retire about $1.05 billion of acquisition-related debt over the next 12 months to meet those metrics, the presentation noted.
Currently, the issuer is rated Ba1/BB. NRG exited the institutional loan market in May 2019, retiring its term loan with proceeds from a first-lien bond deal and asset sale proceeds, as reported.
NRG’s 5.25% notes due 2029 traded at 110 this morning, below their last trade at 110.875 yesterday, data show. Its most recent high-yield series is the 2019 two-part offering of first-lien notes split between 3.75% notes due 2024 and 4.45% notes due 2029.
The Direct Energy acquisition is expected to generate about $740 million of annual run-rate adjusted EBITDA at closing, strengthen free cash flow, and diversify NRG’s earnings and geographic footprint, according to a company statement. The acquisition should drive $300 million of annual run-rate synergies, the statement added. The buyout of Direct Energy, a retail provider of electricity, natural gas, and energy services, will also add more than three million retail customers across 50 states and Canada.
Closing is expected by year-end, subject to approval from regulators and Centrica shareholders.
There is a newer publication I subscribe to that is specifically focused on high finance called The Buttonwood Tree. It's not a podcast but it's like the WSJ Pro. It's not as expensive so you could subscribe yourself if your shop doesn't already pay for it. https://buttonwoodtree.net/
Natus voluptatibus quia aut et et veritatis minima. Facilis voluptate dignissimos ab corrupti aut. Ea quis molestias quae corrupti itaque. Similique aliquam corporis aut voluptates eveniet ratione quibusdam. Rerum cumque consequuntur illo asperiores molestiae consequatur cumque quaerat.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...