High Yield Bonds

Goodrich Petroleum’s Debt Exchange Triggers Downgrade

Standard & Poor's has bumped its corporate credit rating for the exploration and production company down to ‘SD’ from 'B-'. It also downgraded its existing debt.

Debt Holders Punish Vantage Drilling over Bribery Allegations

Vantage Drilling, tied to an alleged bribery incident involving one of its agents and Brazilian state-owned oil company Petrobras, saw prices on its first-lien loans and high-yield bonds take a nosedive in secondary market trading Wednesday.

S&P: Spec-Grade Market Hard Hit in August

The U.S. high yield bond market had its worst performance last month since September 2014, according to Standard & Poor’s.

Energy, Mining Add to Distressed Junk Issue Levels

Of 278 issues being monitored by Standard & Poor's for their distressed standing, 95 are in the oil and gas sector and 45 are in metals/mining.

Halcon’s Distressed Debt Exchange Prompts S&P Downgrade

The exploration and production company has been bumped down to 'SD' from 'B-' by Standard & Poor's. It's unsecured debt ratings have also been revised to 'D' from 'CCC'.

$1.6B Pulled from Junk Bond Funds

Investors removed more than $1.6 billion from junk bond mutual funds and ETFS. Their bank loan counterparts saw net withdrawals totaling $796 million.

No New Debt Planned for DaVita-Renal Acquisition

An ample reserve of $1.8 billion in cash and short-term investment liquidity is expected to be the source of funding of DaVita's $415 million acquisition of Renal Ventures.

Investor Flight Stings Spec Grade Debt Markets

While the equity market selloff is certainly unnerving, participants have been debating how much bad news is already priced into debt markets; JP Morgan still sees positive full-year returns.

Three Issuers Wrap Loans

Three issuers -- Townsquare Media, wrapped up loan transactions Friday to close a week in which only seven loans priced, according to reports.

Kratos to Repurchase Portion of 7% Bonds

The tender offer will be partially funded by the company's $240 million sale of its electronics departments in the U.S. and U.K.


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Alexander Rohan

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Firm: Guggenheim Securities

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