Latest news:

Middle market portfolios aren't immune to rate stress, according to new research
Sona prices CLO number two
Another 2016 vintage CLO gets reset as Octagon stays busy
Neuberger Berman resets 2016 vintage for second time
Beach Point brings in tight price for third US CLO
WAMCO keeps the resets rolling with rework of 2023 CLO
Elmwood resets 2021 vintage US CLO
Ares add new European CLO to its roster
Sona returns to debut CLO to draw-down single B tranche
Blackstone makes it three new European CLOs this year
Palmer Square paves new ground pricing BSL BDC CLO
Onex resets static 2023 vintage CLO
Debtwire FY23 US Direct Lender Rankings
AXA wins USD 400m for SRT strategy from US pension fund
Blue Owl brings sovereign wealth fund deputy CIO onboard
Voya refis 2018 vintage CLO
New Ares CLO keeps pricing tight
Napier Park prices first European new issue CLO of the year
Third time's the charm as 2013 vintage CLO gets reset
Australian private credit fund-of-funds launched for retail investors

Energy firm Sabine dodges default, for now

Friday, May 22, 2015

Houston based energy firm buys time for restructuring

TAGS: Distressed debt

Comment by: Anonymous. Posted 8 years ago [2015-05-27 01:35:28]

Interesting - it appears there are no CDS trades referencing Sabine involved here. I wonder if the forbearance agreement would nullify a Failure to Pay Credit Event (missed interest payment beyond the cure period).

Related Stories

Credit hedge funds 8 days ago
Relative to Airbus, Boeing was long accountants but short engineers 8 days ago
Paul Hastings hires Shearman & Sterling lawyer as partner in London 15 days ago
Houlihan Lokey adds new credit MD 30 days ago
Altice isn’t just a European CLO problem 30 days ago

Funds

Debtwire FY23 US Direct Lender Rankings 1 day ago
AXA wins USD 400m for SRT strategy from US pension fund 1 day ago
Blue Owl brings sovereign wealth fund deputy CIO onboard 1 day ago
Australian private credit fund-of-funds launched for retail investors 3 days ago
New Mexico pension system approves USD 150m top-up to distressed debt fund 3 days ago

more stories...