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Deckchairs on the Titanic; Retail Pain Spreads
Deckchairs on the Titanic; Retail Pain Spreads

More companies are going bust not long after securing cash that was supposed to save them, highlighting growing stress as rates rise and the economy …

3 years ago

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The $64 Billion Hidden Debt Hazard; SoftBank Focus
The $64 Billion Hidden Debt Hazard; SoftBank Focus

New accounting rules have exposed $64 billion in debt held by the largest US businesses, according to Lucca de Paoli, who covers distressed debt for …

3 years, 1 month ago

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Inside the Private Debt Boom; Korea Bank Stress
Inside the Private Debt Boom; Korea Bank Stress

Private credit is having a coming-of-age moment, luring investors with double-digit returns and jumbo-sized deals, according to Silas Brown, who cove…

3 years, 1 month ago

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Bankruptcy Wave Has Only Just Begun; Utility Refuge
Bankruptcy Wave Has Only Just Begun; Utility Refuge

 Companies are going bankrupt at the fastest pace since 2009 and there’s no end in sight as rates rise and the economy sputters, according to Jeremy …

3 years, 1 month ago

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Distressed Buyers Strike Paydirt; Utility Picks
Distressed Buyers Strike Paydirt; Utility Picks

Investors in troubled company debt are excited about the opportunities in banks, retail and health care as rates grind higher and the economy sputter…

3 years, 1 month ago

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Tighter Money Inflicts Pain; Big Tech’s a Winner
Tighter Money Inflicts Pain; Big Tech’s a Winner

Credit markets are cracking up as liquidity evaporates, according to Jill Shah, who covers leveraged finance for Bloomberg News in New York. Small bu…

3 years, 1 month ago

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Divisive Debt Maneuvers; Bank Stress Returns
Divisive Debt Maneuvers; Bank Stress Returns

Distressed companies are moving assets out of lenders’ reach to raise new funds and buy time as higher interest rates and a slower economy bite. Thes…

3 years, 2 months ago

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Riskiest Distress Bet Advances; Revenge Spend Wins
Riskiest Distress Bet Advances; Revenge Spend Wins

The restructuring of China Evergrande’s massive debt pile has been one of the riskiest bets in all of distressed investing. Redwood and Saba are amon…

3 years, 2 months ago

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Junk Firms Slam Into Debt Wall; AT1s Strike Back
Junk Firms Slam Into Debt Wall; AT1s Strike Back

The takeover by creditors of German retailer Takko Fashion, with a solid operating performance, highlights the rising risk for junk-rated issuers fac…

3 years, 2 months ago

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Banks Get Whacked by LBO Debt; TMT Picks and Pans
Banks Get Whacked by LBO Debt; TMT Picks and Pans

Wall Street banks lost billions of dollars on leveraged buyout financing that they committed to before rates surged. A junk debt market reopening all…

3 years, 2 months ago

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