Bonita

[buh-nee-tuh, boh-]

noun

1. a female given name.

Example Sentences

Jefferies Financial Group says potential losses from its exposure to First Brands through Point Bonita Capital are ‘readily absorbable.’

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Point Bonita Capital purchased approximately $715 million in receivables from First Brands, which collapsed with about $10 billion in debt.

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Jefferies’ indirect investments in First Brands include $43 million, or 5.9%, of Point Bonita’s purchased receivables and a $2 million interest in bank loans.

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In a letter to stakeholders Sunday evening, Jefferies conceded it could see losses over time in respect of its own indirect investments, composed of around $43 million, or 5.9% of Point Bonita’s accounts receivables purchased from First Brands and a $2 million interest in First Brands’ bank loans.

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The company disclosed last week that Point Bonita had purchased about $715 million of First Brands receivables, or customer invoices.

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