How Creative Tactics by Junk Borrowers Are Forcing Creditors to Close Ranks

How Creative Tactics by Junk Borrowers Are Forcing Creditors to Close Ranks
The end of rock-bottom interest rates has made it harder for struggling companies to access new funds. So they’ve been seeking out new ways to deal with their debts. Often, this means exploiting loopholes in their bond or loan documentation to favor one set of creditors over another. The company survives, but lenders left out in the cold can end... ...

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