So, yes, this is a very large credit facility or bridge bridge facility for this deal, $59 billion. It's large, but Netflix is a very strong credit. Right.Netflix is a company you would want to lend money to. So Netflix has single-A credit ratings and very, very low leverage ratio. It's growing EBITDA, significant free cash flow.So Netflix is a very strong company, a very good borrower. So it's not surprising that banks would line up to lend them money. Steve, Eventually this bridge facility is going to be ...

Core Viewpoint - Netflix is securing a substantial $59 billion credit facility, reflecting its strong credit profile and low leverage ratio, making it an attractive borrower for banks [1][2][3]. Company Strength - Netflix holds a single-A credit rating and has a very low leverage ratio, which positions it favorably in the market for borrowing [1][6]. - The company is experiencing significant growth in EBITDA and generates substantial free cash flow, reinforcing its financial stability [1][7]. Market Dynamics - The investment-grade bond market is robust, providing Netflix with various financing options, including potential access to the loan market [3][5]. - There is a scarcity of Netflix bonds compared to other major communications companies, indicating a strong demand for its debt instruments [4]. Financial Flexibility - Netflix's debt-to-total capital ratio is very low, allowing for considerable flexibility in increasing leverage without jeopardizing its credit rating [9][10]. - The company can comfortably increase its leverage ratio from its current level, which is significantly lower than its peers like Comcast and Disney [9][10]. Future Outlook - Netflix is committed to maintaining its investment-grade ratings and plans to reduce its leverage to levels consistent with its single-A ratings within a few years after closing the deal [7].

Regulatory Changes & Liquidity - eSLR (Supplementary Leverage Ratio) changes are in effect since January 1st [1] - The next step involves removing Treasuries from leverage ratio calculations [1] - Removing Treasuries is a significant move, potentially shifting liquidity provision from the Fed to the Treasury [1] - There is consideration for removing Treasury securities and reserves from leverage ratio calculations due to liquidity requirements forcing banks to hold them [1]

Q3 2025 This presentation has been prepared by Auna S.A. ("Auna" or the "Company") solely for use at this presentation. This presentation is confidential to the recipient. Accordingly, any attempt to copy, summarize or distribute this presentation or any portion hereof in any form to any other party without the Company's prior written consent is prohibited. This presentation contains forward-looking statements. Forward-looking statements convey our current expectations or forecasts of future events. These s ...

Full Year and Q4 Fiscal 2025 Earnings Results N O V E M B E R 1 7 , 2 0 2 5 Fiscal 2025 Earnings Results Forward-Looking Statements This presentation contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements reflect our current expectations as to future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. These statements include, but are not limited to, statemen ...

Q3 2025 Performance - Q3 2025 net production reached 20,789 Boe/d, with 64% oil and 84% liquids[7] - The company sold 13,332 barrels of oil per day[15] - Lifting costs were reduced to $10.73 per Boe, a 2% improvement compared to guidance[15] - Capital expenditures totaled $24.6 million[16] - Adjusted Free Cash Flow was $13.9 million, marking the 24th consecutive quarter of positive cash flow[17] - Debt was reduced by $20 million, exceeding guidance by $2 million, increasing liquidity to $157.3 million[17] Financial Highlights - Q3 2025 realized price was $41.10 per Boe[19] - Adjusted EBITDA for Q3 2025 was $47.7 million[19] - All-in cash operating costs were $22.35 per Boe in Q3 2025[19] - The company's leverage ratio was 2.10x in Q3 2025[19] - 2024 SEC Proved Reserves are 134 MMBoe with PV10 ~$1.5 Billion[7] Acquisitions and Strategy - The Lime Rock Acquisition added ~12 MMBoe with PV10 ~$160 million[7] - The Lime Rock Acquisition added ~18,000 net acres and ~40 locations[7] - The company operates ~96% of its working interest[7] - The company's net revenue interest is ~79% for oil and ~82% for gas[7]

Financial Performance - The company reported Adjusted EBITDA of $1320 million in the third quarter[10] - Total Segment Margin was $146576 thousand in the third quarter[13, 21] - Available Cash Before Reserves was $35482 thousand in Q3 2025, with a Common Unit Distribution Coverage Ratio of 176x[17, 23] - The company exited the third quarter with a leverage ratio of 541x, aiming to improve the balance sheet and maintain the ratio near 40x[10] Operational Highlights - Shenandoah achieved first oil in late July and ramped up to a targeted rate of 100 kbd in early October[15] - Salamanca achieved first oil at the end of September, expecting production from the first 3 wells to approach 40 kbd, with a fourth well planned for 2Q 2026 potentially reaching 50 kbd[15] - Marine Transportation segment experienced challenging conditions in July and August but rebounded in September and October[15] Liquidity and Capital Allocation - The company has a credit facility with $800 million in commitments[8] - The current quarterly distribution remains $0165 per common unit[8] - To date, the company has repurchased $325 million of Class A convertible preferred securities and 114900 common units at an average price of $909 per unit[10]

中國銀行股份有限公司 2025年第三季度 第三支柱信息披露報告 目錄 | 1 | 引言 | | 2 | | --- | --- | --- | --- | | | 1.1 | 披露依據 | 2 | | | 1.2 | 披露聲明 | 2 | | 2 | | 風險管理、關鍵審慎監管指標和風險加權資產概覽 | 3 | | | 2.1 | KM1：監管併表關鍵審慎監管指標 | 3 | | | 2.2 | KM2：關鍵審慎監管指標－處置集團的總損失吸收能力 | 5 | | | | 監管要求 | | | | 2.3 | OV1：風險加權資產概況 | 6 | | 3 | | 宏觀審慎監管措施 | 8 | | 4 | 槓桿率 | | 9 | | | 4.1 | LR1：槓桿率監管項目與相關會計項目的差異 | 9 | | | 4.2 | LR2：槓桿率 | 10 | | 5 | 流動性風險 | | 12 | | | 5.1 | LIQ1：流動性覆蓋率 | 12 | 1 1 引言 1.1 披露依據 本報告根據國家金融監督管理總局令2023 年第4 號《商業銀行資本管理辦 法》編製並披露。 2014年4月，本集團正式獲准實施資本計 ...

The feds are lowering the leverage ratio at small banks so they extend more loans to juice consumer spending.With record-high consumer debt and delinquencies on the rise, it's fantastic that we're relaxing lending conditions even more.Lever it up. What could go wrong?FinancialJuice (@financialjuice):US regulators are poised to offer capital relief to community banks. ...

Binance API Throttling Impact - Binance API throttling captured 5% of actual liquidations during the crash [1] - Coinglass estimates liquidations of $300-400 billion versus $19-40 billion reported by Binance [1] Data Accuracy Concerns - Binance's liquidation heatmap, leverage ratio, and risk metrics are off by 10-20x [1] - Position sizing models may be using inaccurate data from Binance, which controls 90% of perp open interest [1]