Latest News

Blockbuster Misses Another Interest Payment

Sep 3, 2010 – Blockbuster missed another interest payment on bonds and is prevented from doing so because of missed payments to more senior bondholders, the company said in filing...

HY Bond Funds Have Negative Flows

Sep 3, 2010 – High yield bonds fund experienced negative flows for the week ending Sept. 1 even as leveraged loan funds remained positive, according to Lipper FMI...

Deutsche Bank Adds HY Staff in London

Sep 3, 2010 – Deutsche Bank added two new professionals to its high yield trading staff in London, the bank announced...

Court Appoints Mediator for Tribune

Sep 2, 2010 – The court handling the Chapter 11 bankruptcy case of Tribune appointed a mediator who will help negotiate a settlement to the controversial bankruptcy case...

AbitibiBowater Names New Board

Sep 2, 2010 – AbitibiBowater announced a new board of directors Thursday. The Montreal-based newsprint and commercial printing company is in the process of reorganizing in its effort to emerge from bankruptcy...

Continental AG Plans €750M Bond Deal

Sep 2, 2010 – German vehicle manufacturer Continental AG plans to issue €750 million in junk bonds to help pay down its bank loans, the company announced...

Citigroup Arranges $600M Guggenheim CLO

Sep 2, 2010 – Citigroup has arranged a $600 million CLO that will be managed by Guggenheim Investment Management. The CLO consists of a $110 million triple-B-rated tranche, a $180 million equity tranche and a...

Banks to Shop Tomkins Buyout Loan after Labor Day

Sep 2, 2010 – A Citigroup-led bank group will begin marketing a $1 billion term loan B backing Tomkins buyout on Sept. 8...

Investors Still Waiting for Covenant Upside

Sep 2, 2010 – 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...

Loan Market Heats up as Summer Winds Down

Sep 2, 2010 – Labor Day will soon pass, along with the rest of summer. But the loan market is heating up, with banks planning to launch five deals totaling more than $4 billion...

Titan Launches Tender Offer

Sep 1, 2010 – Titan International launched a tender offer for senior notes that it had planned to fund with a junk bond deal it pulled earlier this year. It is the second tender offer for the same series of notes...

Banks Spice Up Pet Supplies Plus TL

Sep 1, 2010 – BNP Paribas and Société Générale have increased the coupon on an $85 million term loan B they are shopping for Pet Supplies Plus to Libor plus 575 bps from Libor plus 525 bps...

HY Bonds Hit Record in August

Sep 1, 2010 – Issuers priced $23 billion in junk bonds in August, the seventh largest monthly U.S. high yield volume on record, according to Dealogic...

Vertis Seeks $500M First-Lien Term Loan

Sep 1, 2010 – Vertis Holdings, a Baltimore-based marketing communications company, is seeking a $500 million first-lien term loan to refinance existing debt...

Moody’s: HY Ratings Say Double-Dip Unlikely

Sep 1, 2010 – High yield ratings indicate that the likelihood of a double-dip recession is small, according to a report issued Wednesday by Moody’s Investors Service...