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Distressed

Crabtree & Evelyn Files For Bankruptcy

Crabtree & Evelyn has filed for bankruptcy, citing debt pressures and the decline in consumer spending as reasons behind its Chapter 11 filing in New York...

Lenders Syndicate Lear DIP

Lear Corp., a Southfield, Mich.-based automotive parts supplier, is gearing up to file for bankruptcy, and its lenders have syndicated a $500 million debtor-in-possession loan for the company...

Corp. Default Rate Reaches 9.2%

The U.S. speculative-grade corporate default rate reached 9.16% in June, a year-to-date high, according to a report issued by Standard & Poor’s today...

Some Secured Liens More Equal Than Others

Spanish-language broadcaster Univision Communications was one of the many companies to successfully issue bonds in June. What distinguishes the New York-based company from its peers is the fact that the intercreditor agreement puts the bondholders at a disadvantage to the company’s secured loan holders...

Lear Lines Up $500 Million DIP

Lear Corp., a Southfield, Mich.-based automotive parts supplier, has lined up a $500 million debtor-in-possession loan from JPMorgan and Citigroup...

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