Market Overview

Let's Agree To Agree On What Ebitda Means

Ebitda is used as a measure of a company's cash flow and is instrumental in designing covenants for debt and profitability. But how its defined may be increasingly negotiated as borrowers and lenders try to maximize protections in credit agreements...

CDS Market May Boost Bankruptcies

As if the market needed something else that would push companies toward bankruptcy, the large market for credit default swaps may do just that, according to analysts...

PE Firms + Corporates = Gay Marriage?

In the leveraged buyout world, the jury is still out on whether private equity companies and big corporations make for brilliant duos when they team up for corporate acquisitions...

Firmer Secondary Raises Hope For European Primary

In the final stretch of the second quarter, prices in the European leveraged loan secondary market have firmed up considerably, and market participants are looking increasingly toward the primary...

Debtholders Reject Consent Solicitations

Portfolio managers are going to put up more resistance to changes in bond and loan agreements, meaning there will be tougher negotiations ahead ...

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