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 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...
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...
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...
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...