Home-sharing leader Airbnb Inc. lined up $1 billion in debt, adding to last week’s same-size haul and boosting a financial cushion it can use to grow and pay bills as the global coronavirus pandemic crushes demand for travel and diminishes the prospect of an initial public offering. Airbnb is raising cash by issuing first-lien debt, which has priority on the company’s assets in case of a default, and it comes from a group of more than 20 investors, including Silver Lake, the largest...

Billionaire Tilman Fertitta said he has had to temporarily lay off 40,000 workers at his casino, hotel and restaurant empire to limit the economic damage caused by government-imposed shut-downs. The Texas native, who owns the Golden Nugget casinos and hundreds of restaurants including Del Frisco’s and Bubba Gump Shrimp under the Landry’s Inc. umbrella, is calling on the government to allow businesses to reopen at limited capacity in a couple of weeks to avoid economic disaster. “I think what...

Photographer: George Rose/Getty Images Billionaire Tilman Fertitta said he’s had to temporarily lay off roughly 40,000 workers at his casino, hotel and restaurant empire to limit the economic damage caused by government-imposed shut-downs. The Texas native, who owns the Golden Nugget casinos as well as hundreds of restaurants including Del Frisco’s and Bubba Gump Shrimp under the Landry’s Inc. umbrella, is calling on the authorities to allow businesses to reopen at limited capacity in a...

Photographer: John Taggart/Bloomberg Barclays Plc had the deal seemingly locked up. Along with a trio of smaller lenders, the bank had agreed to arrange a $1.1 billion loan for ACProducts’ buyout of a unit of rival Masco Corp. While the terms of the financing weren’t quite as good as the kitchen-cabinet maker’s private equity owners had hoped, getting a signed commitment from the banks allowed the company to finally announce the deal in mid-November. Then a couple of months later, something...

Photographer: Jin Lee/Bloomberg *** Local Caption *** Tilman Fertitta Tilman Fertitta is looking to take advantage of red-hot investor demand for leveraged loans to finance a $200 million payday. Fertitta’s Golden Nugget Inc., the company on top of his hotel and casino empire, is seeking to finance the dividend as part of a broader refinancing deal. The payout is double what the billionaire had initially targeted and it’s going to cost less that originally expected, according to people with...