Latest News

S&P: More Downgrades Coming

August 27, 2008 – Standard & Poor’s issued a report earlier today that found the outlook for corporate bonds to be increasingly negative and singled out five unsurprising sectors where it expects to see significant additional downgrades...

Banks Look To Tap Investors For InBev

August 26, 2008 – A bank consortium has begun marketing part of a $45 billion credit facility for InBev to help finance its acquisition of Anheuser-Busch. The deal could act as a sobriety test for the leveraged loan market, providing an indication of the how much it is able to absorb....

Nearly 25% Of Junk Cos. Now Distressed

August 25, 2008 – The number of speculative-grade companies now trading at distressed levels has climbed to 24.8% this month, according to Standard & Poor’s...

• Market Sees Slowest Issuance Pace Since 2002
• David Flannery Exits Deutsche For BofA
• Cheniere Energy Closes $250M Convertible

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Blogs

Features

BofA, Scotia Ready $2.9B Facility For Ashland

August 18, 2008 – Bank of America and Scotia Capital are arranging a $2.9 billion credit facility for Ashland, a Covington, Ky.-based chemical company that makes resins, polymers and adhesives...

Midmarket Cos Pick Odd Time To Lever Up

August 18, 2008 – Credit is tight, revenues are falling and prices are skyrocketing. Sounds like the perfect time to lever up, right? As crazy as that seems, that is exactly what some midmarket companies are doing...

HY Investors Waiting Out Doldrums

August 18, 2008 – High yield bond investors are waiting out the summer, keeping the market relatively lethargic and semi-somnolent. Observers describe the high yield world as essentially bifurcated...

Atkinson Leads RBC Charge Into Europe

August 18, 2008 – Under the direction of Nick Atkinson, Société Générale is set to lead leveraged loan deals and prove that one bank's loss may well be another's gain...

PMs Pick And Choose On The Secondary

August 18, 2008 – With the primary high yield bond market virtually comatose, portfolio managers who haven't taken off for the beach continue to scour the secondary market for deals...

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