tyb
MAGMA89 Dornier C-146A ne out of MacDill AFB, Tampa- this had a trip down to Panama yesterday and stopped at Cozumel on it's way back to MacDill AFB-it originated at Miami Executive Airport yesterday on an inbound from Eglin AFB-Duke Field the previous day
GRZLY39 C-560 departed Atlanta Regional Airport-Falcon Field heading nw
last night but none so far that I know of today
LOBO222 C-560 departed MCAS Cherry Pt. and fly over at Bangor Int'l Airport, ME sw now
CNV4521 and 4881 US Navy Clippers se out of NAS Whidbey Island heading for NAS North Island (Coronado)
MAGMA89 Dornier C-146A on final at Ft. Bragg-Pope Army Airfield
RAF RRR2283 Airbus A330-243 (MRTT) on ground at RAF Brize Norton from Vilnius, Lithuania
Saudi sovereign wealth fund said to be seeking US$10-billion margin loan
Saudi Arabia’s sovereign wealth fund is planning to borrow about US$10 billion by pledging some of its stakes in SoftBank Group Corp.’s technology investment vehicle to shore up liquidity, according to people familiar with the matter.
The Public Investment Fund, which has been on an overseas shopping spree recently, is speaking with investment banks about a margin loan backed by some of its investments in the US$100-billion Vision Fund, the people said, asking not to be identified as the matter is private. While discussions with banks are ongoing, it may not materialize in a deal, and the fund may also decide against raising the loan, the people said.
The Saudi wealth fund didn’t immediately respond to a request for comment.
The move follows a similar plan by Qatar’s sovereign wealth fund to raise seven billion euros (US$7.6 billion) against some of its most high-profile European equity investments. PIF, the backbone of the oil-rich country’s economic transformation plan, is the largest contributor to the Vision Fund after committing US$45 billion to invest along with SoftBank founder Masayoshi Son in companies such as WeWork, Oyo Hotels and Uber Technologies Inc.
The loan could act as a way for PIF to raise money against its investments in the fund, which has been going through challenging times recently. The Vision Fund, which contributed more than half of the conglomerate’s profit a year ago, has swung to record losses.
The recent plunge in oil prices is pushing sovereign wealth funds in the region to find ways to unlock liquidity. PIF is in need of capital as it embarks on an investment spree that has seen it build stakes in some of the world’s largest companies since the start of the coronavirus pandemic. On Friday, it disclosed stakes in companies including Facebook Inc., Boeing Co. and Citigroup Inc.
The fund is looking into “any opportunity” arising from the economic wreckage of the crisis, its governor, Yasir Al-Rumayyan, said at a virtual event in April. The fund expects to see “lots of opportunities,” he predicted at the time, citing airlines, energy and entertainment companies as examples.
In a margin loan, a borrower secures the debt by pledging an asset with the understanding that they’d need to pay up if the value of the collateral declines. The lender can typically sell some of the collateral if the borrower is unable to provide the cash. Banks compete for these deals because of the fees associated with structured financing.
https://www.bnnbloomberg.ca/saudi-sovereign-wealth-fund-seeking-10-billion-margin-loan-1.1437278
good luck with that-doubling down on a pair of 2's. They have little choice though