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Japan Airlines files for mediated debt restructuring
14 years ago
Various media reported this morning that Japan Airlines, the largest airline in Asia by revenue, will be seeking a ‘mediated’ debt restructuring scheme. -
Smurfit Kappa issues bonds to repay loans
14 years ago
Packaging company Smurfit Kappa yesterday announced the private placement of €500 million senior secured notes. -
MGM bucks the trend with lowest LCDS recovery since June
14 years ago
On 10 November dealers took part in a credit auction to settle loan-only credit default swaps referencing MGM. -
Porsche revs up new loan
14 years ago
UniCredit reported in this morning’s credit research that Porsche has obtained a new loan. -
Lloyds to increase CoCo new issuance amount to £7 billion
14 years ago
Lloyds announced on 11 November that it will increase the maximum new issue amount of its contingent capital notes from £5.5 billion to £7 billion -
Drop restructuring for CDS index trades, posits Bank of America/Merill Lynch
14 years ago
Bank of America/Merrill Lynch credit analysts posit a compromise for the restructuring credit event. -
Post-distressed exchange credits outperform, says BofA/Merrill
14 years ago
Bank of America/Merrill Lynch credit analysts conclude that both their existing and new bonds returned 91% so far year-to-date. -
Isda committee sends restructuring case to external review
14 years ago
For the first time, Isda’s determinations committee has sent a question for external review -
Goldman closes out correlation short recommendation
14 years ago
Goldman Sachs credit strategists closed their investment grade short correlation trade yesterday -
Ambac Financial points to possible chapter 11
14 years ago
Ambac Financial Group reported in its latest regulatory filing at the SEC that should liquidity run out prior to second quarter 2011, it may pursue restructuring its debt through a prepackaged bankruptcy proceeding. -
Barclays forecasts 2010 new issuance at $750 billion
14 years ago
Barclays Capital analysts expect a decline in gross fixed-rate issuance in 2010, to around $750 billion. -
US homebuilder ruling spooks distressed credit investors
14 years ago
A legal battle is currently ongoing at the US bankruptcy court for the southern district of Florida. -
US retailer obtains loan amendment
14 years ago
Michaels Stores obtained a loan amendment on 5 November for its $2.4 billion senior secured term loan facility with Deutsche as administrative agent. -
Lear restructures debt and exits chapter 11
14 years ago
Lear announced yesterday that it has exited bankruptcy. -
Portfolio managers pushed into high-beta hunt, says Goldman Sachs
14 years ago
Record-setting flows into investment grade and high yield mutual funds this year have led Goldman Sachs credit strategists to suspect that resulting mandates have left portfolio managers with no choice but to chase high-beta credits. -
US broadcasting company warns of bankruptcy
14 years ago
In its most recent SEC filing, Citadel Broadcasting reported that there is a possibility of it filing for chapter 11 bankruptcy. -
US credit card lender files for chapter 11
14 years ago
US credit card lender Advanta has filed for chapter 11 bankruptcy over the weekend in the US bankruptcy court for the district of Delaware. -
Loan b-wic spurs speculation
14 years ago
A bwic of loans amounting to $462.5 million is being circulated. -
Wind Hellas restructuring proposal approved by senior lenders
14 years ago
Wind Hellas’s owner, Weather Investments, will continue to be the company’s owner after proposing to inject €125 million into the heavily indebted Greek mobile company. -
CBS enters into new revolver
14 years ago
CBS announced yesterday that it has obtained a new three-year $2 billion revolving credit facility from JP Morgan and Citi. -
Switch from Renault to Fiat bond, says UniCredit
14 years ago
UniCredit analysts recommend switching from Renault’s bond into the Fiat’s bond. -
Moody's expects high yield defaults to peak at 12.5%
14 years ago
Moody’s expects the global speculative default rate to peak at 12.5% by the end of this month. -
A new capital cushion instrument is born, says BNP
14 years ago
With the recent announcement of Lloyds’ exchange offer for new enhanced capital notes (ECNs), BNP Paribas credit analysts suggset that these instruments, called contingent convertibles (“cocos”) may be better suited to act as a capital cushion for banks. -
MGM Mirage amendment good for short term debt
14 years ago
MGM Mirage’s third quarter results, headlined by a $750.4 million loss due to fallen values of its latest casino projects, will be good news for short-term debt holders, market sources say. -
Naftogaz completes debt restructuring
14 years ago
Ukrainian energy company Naftogaz announced today that it has completed its debt restructuring.
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