Latest News

HY Bond Funds Have Negative Flows

September 3, 2010 – High yield bonds fund experienced negative flows for the week ending Sept. 1 even as leveraged loan funds remained positive, according to Lipper FMI...

Blockbuster Misses Another Interest Payment

September 3, 2010 – Blockbuster missed another interest payment on bonds and is prevented from doing so because of missed payments to more senior bondholders, the company said in filing...

Deutsche Bank Adds HY Staff in London

September 3, 2010 – Deutsche Bank added two new professionals to its high yield trading staff in London, the bank announced...

• Banks to Shop Tomkins Buyout Loan after Labor Day
• Citigroup Arranges $600M Guggenheim CLO
• Court Appoints Mediator for Tribune

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Featured Articles

Loan Market Heats up as Summer Winds Down

September 2, 2010 – Labor Day will soon pass, along with the rest of summer. But the loan market is heating up, with banks planning to launch five deals totaling more than $4 billion...

Investors Still Waiting for Covenant Upside

September 2, 2010 – Investors are still waiting for junk bond covenants to become more favorable toward them. Many had thought deal terms would become friendly in the aftermath of the crisis, but the process appears to be taking longer than expected...

Dividend-Driven Deals Find Receptive Investors

August 27, 2010 – Junk bonds and leveraged loans used to finance dividend payments, thought to be a relic of the buyout boom and credit bubble of the 2006 to 2007 era, have come back to the loan and bond markets to a warm welcome...

Local Insight Restricts Trades, Stirs up Loan Market

August 26, 2010 – Local Insight Regatta Holdings earlier this week caused quite a stir when the Englewood, Colo.-based company restricted lenders from trading its term loan B after it disclosed that it would likely breach its loan covenants...

Report: Lending Climate More Flexible

August 25, 2010 – New capital provided by the recent bond market surge is going toward uses other than paying off creditors or refinancing debt, according to Morgan Joseph & Co.’s restructuring quarterly newsletter...

Little Deal, Big Buyer

August 17, 2010 – All dealmakers know the tale of the corporate orphan - the unit nobody wanted that bloomed as soon as it was freed from its parent company. This is the rationale behind most private equity...

Market Participants Call for More Call Protection

August 12, 2010 – In order to attract more mutual funds, pension funds and insurance companies, the leveraged loan market has to add call protection to more deals, according to market participants...

Liquidity Weakens After Improved Market

August 12, 2010 – Corporate liquidity has deteriorated over the summer after more than a year of improvement, attesting to the volatile nature of the economic recovery. But the overall trend...

Junk Bonds Heat Up Usually Slow Summer

August 12, 2010 – August has seen a surge in new junk bond issuance at a time when the market usually slows down considerably. Issuers are bringing lots of new issues to the market to lock in low interest rates...

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