Kohlberg Kravis Roberts & Co. has promoted four professionals in its asset management department to run the firm's special situations and leveraged credit strategies...
The Carlyle Group has nabbed former Morgan Stanley sales and trading chief Michael Mitch Petrick as its first global head of credit alternatives and capital markets, the private equity firm said today...
Centaur LLC, a horse track, off-track betting and casino operator based in Indianapolis, filed for Chapter 11 bankruptcy protection in Delaware on Saturday...
There have been 16 corporate defaults so far this year and most have been in the U.S., according to a report published by Standard & Poor's...
Bondholders of media giant Tribune Co. are suing the banks that arranged the companys leveraged buyout, claiming the banks knew the $8 billion in loans they arranged would make the company insolvent...
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...
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...
M&A activity is in the midst of a comeback, but like a patient recovering from a long illness, it doesnt look quite like its old self. The leveraged loan and high yield bond markets are seeing more deals motivated by mergers and acquisitions...
While deals abound for high yield bond and leveraged loan investors, distressed debt opportunities have fallen precipitously over the past year. This has left some distressed investors sitting on the sidelines and others taking bigger risks...
After the wave of bankruptcies last year, market participants expect a second surge to hit the leverage loan markets shoresexit facilities. And judging by the number of exit loans already on the primary calendar, this wave could be a whopper...