Good morning and welcome to Insider
- An inside look at the 22 banks that pieced together the $48 billion Warner Discovery debt deal.
- Trust and estate lawyers have been working nonstop during the pandemic to help wealthy clients understand possible tax changes under the Biden administration.
- Michael Recce, a former Neuberger Berman and Point72 data head, is starting his own data business.
Join Insider on June 24 at 1 p.m. ET for a live, exclusive webinar event in which three top financial services executives from Deutsche Bank, AllianceBernstein, and Accenture will break down how the future of work will look like as
Like the
The mega $48 billion Warner Discovery debt deal is being woven together by 22 banks. Here's the breakdown of one of the largest-ever acquisition financings.
The deal includes a $31.5 billion bridge, $10 billion in term loans, and a $6 billion credit line. Sources said that the new company will sell the bridge loan throughout the debt capital markets.
Here's what else you need to know.
There's a shortage of estate and trust lawyers and firms can't hire enough experts to keep up with a massive wealth transfer
Since the start of the pandemic, lawyers who have been working nonstop have had to turn away new clients - and are trying to fill a shortage of estate associates. Get the full scoop here.
The former head of data at Neuberger Berman and Point72 has launched a firm to help money managers get access to simplified data
Micheal Recce has started his own data business. Here's what he told us about his new venture and the state of alt data.
4 key details from Goldman-backed Marqeta's plans to go public, including its revenue deal with Square and new hires at the $4.3 billion fintech
We broke down four key details from Marqera's IPO paperwork. The Goldman-backed startup is set to begin trading on June 9 . Learn more here.
Odd lots:
A $20 billion hedge fund from New York is signing a 10-year lease in Coconut Grove (Miami Herald)
Wall Street Sees 61% of Workers Returning to Office by September (Bloomberg)