Lower quality credits are finding a welcome reception on the junk bond market, and that worries some high yield players. But while some investors and analysts fear the market is too welcoming, others point out that most high yield deals are still being used to refinance more expensive debt...
Are health care deals just what the credit doctor ordered? Some market participants think so, seeing as a few recent health care issues have garnered a lot of attention...
Last month, a bank consortium syndicated a $1.2 billion exit loan for Chicago-based box maker Smurfit-Stone. The deal irked several CLO managers because...
At the onset of the credit crisis, market participants expected a wave of consolidation in the CLO market. The wave turned out to be little more than a ripple...
The way out of the deep hole of bankruptcy could be a ladder of junk. As increasing numbers of companies climb out of Chapter 11 protection, more have begun to consider junk bonds to finance their exits...