Puerto Rico Utility Judge Summons Parties On Stalled Debt Talks: The federal judge overseeing the nearly six-year bankruptcy of Puerto Rico’s electric utility ordered the parties to appear before her to explain why they’ve failed to restart mediation or deliver a schedule for resuming such talks.
Prison Phone Company Aventiv Eyes New Debt for Refinancing (1): Prison phone company Aventiv Technologies LLC is marketing a $700 million term loan and $400 million in new junk bonds to refinance its debt after the company’s private equity backer Platinum Equity agreed to put more money in the firm, according to people with knowledge of the matter.
Fed recap: Here are Chair Powell’s market-moving comments after the latest rate hike: The Federal Reserve raised interest rates by a quarter of a percentage point, bringing the benchmark funds rate to 5% to 5.25%.
Private payrolls surged by 296,000 in April, much higher than expected, ADP says: The fastest job growth in April came in leisure and hospitality with a gain of 154,000, followed by education and health services (69,000) and construction (53,000).
‘A Bounty on Bitcoin Miners’: Industry Slams Biden’s 30% Tax - Blockworks: The Biden White House wants to impose a 30% tax on electricity used by Bitcoin miners, but insiders warn that could put some out of business.
The Block: Celsius' Alex Mashinsky responds to NY securities fraud lawsuit: The motion to dismiss also gives a glimpse into how Alex Mashinsky sees the downfall of Celsius. External events, and a short-selling attack by FTX, were to blame, he says.
FTX Seeks to Claw Back $3.9 Billion in Cash, Crypto from Genesis - Bloomberg: The funds relate to $1.8 billion of loans and $273 million of collateral given to Genesis Global Capital by Alameda Research Ltd., Sam Bankman-Fried’s defunct crypto trading house, shortly before it collapsed into bankruptcy alongside FTX, according to court papers filed Wednesday.
