Analytics

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

Bloomberg reports that for many years, low interest rates have allowed junk-rated companies looking for loans to dictate terms to potential buyers of these securities. Now that's not the case.
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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