Change font size:   

Distressed 


  • Lear CDS/LCDS Settle 07/21/2009 09:29 PM  

    Credit default swaps referencing Lear Corp. were settled at 38.5%, Markit and Creditex determined in an auction today.

  • Fairpoint Seen In First Step Of Restructuring 07/09/2009 06:36 PM  

    Fairpoint Communications is in the throes of an attempt to refinance its debt out of court.

  • Maturity Buckets Planned For Restructuring Events 06/09/2009 09:38 PM  

    Starting in late July, credit default swaps triggered by restructuring credit events in Europe and North America will be settled according to five buckets corresponding to the maturity of their underlying reference obligations.

  • Third Avenue Brings On Credit Duo 06/08/2009 08:27 PM  

    Third Avenue Management has hired two fixed income veterans to lead the charge of investing in credit for the firm’s special situation hedge fund, as well as to help launch a credit opportunities debt mutual fund.

  • GM Loans Jump On Possibility Of Par Take Out 05/22/2009 12:00 AM  

    General Motors Corp.’s bank debt soared today on speculation lenders may be taken out at par in a possible restructuring.

  • Distressed Credit Gains Risk Appetite 03/27/2009 12:00 AM  

    Distressed paper outperformed last week as the rally in equity markets translated into an increased appetite for risk.

  • Suppliers Stagnant As Sector's Health Uncertain 03/27/2009 12:00 AM  

    Auto supplier credits held steady this week, showing minimal gains following a $5 billion U.S. Treasury program announced March 19 to provide liquidity to the sector.

  • Six Flags Falls On Restructuring Uncertainty 03/27/2009 12:00 AM  

    Theme park operator Six Flag's term loan fell further last week as uncertainty surrounding the New York-based company's debt restructuring plans lingered.

  • BI-LO Files Ch. 11, Nabs DIP From GE 03/27/2009 12:00 AM  

    BI-LO filed for Chapter 11 last Monday in order to address an upcoming debt maturity, the company said. It has received a $100 million debtor-in-possession facility arranged by GE Capital, with a $45 million sublimit for letters of credit.

  • Ford Up 10 Points On Oversubscription 03/27/2009 12:00 AM  

    Ford Motor Co.'s term loan was up almost 10 points last Wednesday after it announced its $500 million debt buyback was oversubscribed, leading it to increase its offer to $1 billion.

Go to top
Please read our Terms and Conditions and Privacy Policy before using the site.
All material subject to strictly enforced copyright laws. © 2007 Institutional Investor Ltd.