Latest News

First Data Pursues $2.5B Loan Extension

February 22, 2012 – The company is also planning a $1 billion secured high yield bond offering to pay down up to 30% of the affected loans...

Viridian Selling $635M in Cross-Border HY

February 22, 2012 – The Irish power company will sell both euro and dollar-denominated bonds and use the funds to repay existing debt...

Methanex Taps HY Market for $250M

February 21, 2012 – The split-rated bonds priced with an OID of 99.62 to yield 5.3%. The Canadian company will use the proceeds to repay debt...

• JPM Launches $990M CommScope Repricing
• Distressed Debt Fund Plans Rights Offering
• United Rentals Brings $2.2B to HY Queue

More

Featured Articles

Small Banks Get a Chance to Break Into Syndicates

February 16, 2012 – CIFC Corp. and Sandler O'Neill pitch community and midsize banks on participation in syndicated C&I loan deals — a market normally dominated by the biggest banks...

Seasoning to Fuel Rise in Defaults

February 16, 2012 – Corporate defaults, which have been falling since 2009, are universally projected to start rising again this year, despite the fact that the credit markets remain wide open and the economy is recovering, however slowly...

Giddy CLO Market May Need to Pace Itself

February 9, 2012 – Coming off a strong January for new deals, and encouraged by improved economic news, sentiment in the U.S. CLO market has taken a giddy skip from guarded optimism to bullishness—a little too bullish, according to some market participants...

Caesar’s Entertainment Makes Amends

February 9, 2012 – Caesar’s Entertainment’s effort to repay or extend the maturity of $5 billion of banks loans didn’t prove to be quite as opportunistic as the hotel and casino operator might have hoped...

SW: Buy EM for the Covenants

February 9, 2012 – Is your money safer in the hands of a South American socialist government than it is in the American cradle of capitalism? According to David Hinman and Raymond Zucaro of SW Asset Management, the answer may surprise you...

Euro CLOs: Reports of Our Death Exaggerated

February 2, 2012 – While the U.S. subinvestment-grade market, especially on the bond side, has seen a steady stream of European deals recently, one group of investors likely wouldn’t mind being shown a bit more love by these issuers and their underwriters: European CLO managers...

Mild Winter Hurts Natural Gas Cos

February 2, 2012 – The energy sector may be red hot, but unseasonably warm weather is causing some investors to take a harder look at natural gas companies, whose earnings are being undercut by low consumption...

Right Price, Wrong Time for Loans

February 2, 2012 – Thanks to January's rally, financing is attractive; problem is, there just aren't many issuers in a position to take advantage...

Energy Companies Fuel Up on High Yield Bonds

January 26, 2012 – Oil and gas companies started the year with record amounts of revolving lines of credit, but speculative grade energy companies have been tapping the high yield bond market in recent weeks to pay down some of this revolver debt, even though it may be cheaper...

European Issuers Hit the U.S. Road

January 26, 2012 – A number of European companies are opting to sell high yield bonds and loans in the U.S., and quite successfully, even though they don’t necessarily do business here...

Simplifying Cross-Border Insolvency

January 26, 2012 – A case coming before the U.K. Supreme Court in May could make it easier for U.S. creditors to recover offshore assets of insolvent companies...

More