Cantor Fitzgerald & Co. has hired several high yield and investment grade sales and trading executives away from Gleacher & Co.
Dividend recaps do not represent a serious threat to corporate financial health, according to a study published by Moody’s.
Geoffrey Drayson will oversee leveraged loans, high yield bonds and distressed credit sales.
The debt-laden company said it discussed a proposal that would give creditor's 85% of the company and wipe out $32 billion in debt.
The Brazilian oil and gas equipment company missed a $6.8 million interest payment on perpetual bonds.
John Klinge and Scott Imbach joined the firm from Leichtman Capital Partners.
The Apollo Tactical Income Fund is a closed-end fund that will invest primarily in speculative-grade loans and bonds.
Creditors of bankrupt American Airlines will have a controlling stake in the world’s largest airline in the wake of its merger with US Airways Group.
The Dallas-based power company operator has hired law firm Kirkland & Ellis to advise its debt restructuring efforts, according to reports.
The company said it received a letter a law firm that claimed to represent more than half of the bondholders of its 2037 debentures, claiming that the company has defaulted.
