Latest news:

Third time's the charm as 2013 vintage CLO gets reset
Australian private credit fund-of-funds launched for retail investors
New Mexico pension system approves USD 150m top-up to distressed debt fund
Antares hires CSAM managing director
European reset highlights weakness in mezz despite robust senior demand
Elmwood prints eighth deal this year
Partnership with Jefferies bears fruit as manager returns to CLO primary
MGG raises more than USD 400m in first close of lower middle market fund
Cheyne returns to SRT market with eye-catching hire
US resets continue as Redding Ridge joins in
Sycamore resets and upsizes 2023 vintage CLO
Baltimore pension system puts USD 35m into private credit fund
2020 US CLO gets a refi
Blackstone refinances 2018 US CLO
CVC joins short-dated trend for latest US CLO
CSAM gets happy ending as CLO 69 prices
European WAL test language is getting a little looser finds Dealscribe
New short-dated CLO brings triple-As down to 132bps
Oaktree makes it two new US CLOs this year
Symphony refis triple-As from TIAA’s debut CLO

It’s hard to attach Staples' CDS bounce to fundamentals, says Hellebore

Thursday, May 12, 2016

Staples CDS jumps tighter after non-merger, but fundamentals still look questionable

TAGS: CDS

Comment by: Anonymous. Posted 7 years ago [2016-05-12 23:32:08]

Both the market and Hellebore can be right in this situation. SPLS still has plenty of default risk, but that risk is a bit less without having to manage ODP's problems.

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There were no surprise events… CDS did exactly what it said on the tin 10 months ago

Funds

Australian private credit fund-of-funds launched for retail investors 1 day ago
New Mexico pension system approves USD 150m top-up to distressed debt fund 1 day ago
Antares hires CSAM managing director 1 day ago
MGG raises more than USD 400m in first close of lower middle market fund 2 days ago
Cheyne returns to SRT market with eye-catching hire 2 days ago

more stories...