Smashmouth Investigative Journalism
Vista Global is talking to bankers about an IPO while telling investors the market is not open to refinancing its near-term debt. On an April 7 investor call, CFO Charlotte Colhoun said Vista will not get favorable terms to refinance its 2027 maturity in the current market and that the company is keeping its options open, while also confirming discussions around a potential public listing. The two messages were delivered in the same conversation, even as the company’s unsecured bonds … Continue
by Teri Buhl - certified SLAPP-back queen Barry C. Honig — yes, that Barry, the penny stock playboy with a SEC rap sheet longer than a 10-K—sued me in 2021 for reporting on his alleged hijinks in the pink sheet circus. My offense? Daring to write the truth about his shady dealings in Majesco Entertainment ($COOL) and his cozy relationship with convicted stock promoter Jeff Auerbach. Fast forward to May 2, 2025: I won. And not just “walked away unharmed” won—this was a spike the football, … Continue
Andrew Daniel Nash, the founder of cannabis cash management company El Capitan Advisors, is described by former associates as an alleged con artist who siphoned millions of dollars from his own cannabis industry clients to fund his lifestyle after his initial plan to bring banking services to the sector collapsed. This is the third installment […]
ContinueThis story has been updated with Vista’s 2024 full year private financials Private jet company VistaJet is attempting to raise $500 million in new money via a six year term loan B, according to an investor presentation, that allows for a $100 million distribution to equity holders. Pricing for the proposed term loan has not […]
ContinueThis story has been updated The Thames Water creditor on creditor violence playbook has taken some real nasty tactics this week to include a non-combatant as the Court of Appeal hearing nears. It appears one group of creditors set course on a hit list agenda against a liberal-dem MP, Charlie Maynard, who gathered together a […]
Continueby Teri Buhl Medical Properties Trust ($MPW) secured over $2 billion in new debt funding last month by putting up what it called ‘quality hospital operators’ leases as collateral and a few concentrated funds who held long positions in the company bought into it at only an 8.5% coupon. The deal out maneuvered and shocked […]
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by Teri Buhl This story has been updated Most creditors for Victoria PLC, a London based flooring company, have been left in the dark for two weeks after Octus (Reorg) reported loose details on a potential uptier in conjunction with an amend and extend offer was made for its €500 million bond due in 2026. […]
ContinueThe relationship between MPT and its long bondholders has been a game of one-up-manship for nearly a year now. Creditor groups have formed, advisors hired and fired (Evercore & Paul Weiss), and money wasted trying to get the company to engage in refi talks but MPT refused to bend. GoldenTree even tried their own one […]
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