Market Overview

Investors Still Waiting for Covenant Upside

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...

Local Insight Restricts Trades, Stirs up Loan Market

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

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

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

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...

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