Bayview Acquisition Corp (BAYA)
- Reuters
Analysis-Hedge fund's trades with lenders point to return of crisis-era structures
Earlier this year a hedge fund structured two trades worth $642 million, the kinds of which have not been seen since the 2008 crisis. It sold insurance to two U.S. lenders against losses on a loan portfolio, and then sold much of that risk to investors. The trades, a form of re-securitization, were done by Bayview Asset Management after it sold credit default swaps (CDS) to Huntington and Sofi late last year, according to Moody's reports about the trades seen by Reuters and a person familiar with the transactions.
- GlobeNewswire
Bayview Acquisition Corp Announces Entry into a Merger Agreement with Oabay Inc., Creating a Publicly Traded Enterprise Trade Credit Digital Transformation Solutions Company
-Oabay Inc. to receive US$300 million in equity of Oabay Holding Company -Combined company will have an implied initial enterprise value of approximately US$393 million. -Transaction anticipated to close in the second half of 2024 New York, NY, June 07, 2024 (GLOBE NEWSWIRE) -- Bayview Acquisition Corp (NASDAQ: BAYA, BAYAU, and BAYAR) (“BAYA”), a special purpose acquisition company, announced the execution of an Agreement and Plan of Merger (the “Merger Agreement”), pursuant to which BAYA will u
