Think

Newly Distressed Loans: Anchor Glass Container Corporation

Posted by David Diggins on Aug 14, 2018 10:20:48 AM

We all know that companies in distress tend to have a harder time meeting their financial obligations, which translates to a higher probability that they will default. A company in this position has pretty straightforward options: either raise enough cash through asset sales, operating improvements, and new financing, or reduce or postpone interest and principal payments on the debt by negotiating with creditors.  

For restructuring or turnaround experts, identifying distressed companies is the first hurdle to deal sourcing and business development. Using the AdvantageData workstation, we’ve compiled a list of distressed loans that you might want to be aware of.

Read More

Topics: Loans, First Lien, market analytics, Distress, Distressed Debt, Restructuring, Second Lien, Loan Default Rate, Default Rate, Fixed Income, download

Wildfires don't translate to fire sales for PG&E

Posted by David Diggins on Aug 9, 2018 2:42:35 PM

Restructuring is often driven by market rhythms, or quantifiable circumstances like the decline of shopping at brick-and-mortar stores in favor of online shopping. An easy example of the latter is the rise in eCommerce at online stores like Amazon, resulting in the bankruptcy and liquidation of Toys R Us. Another, less common circumstance can be natural (or unnatural) disasters.

It has been reported that Pacific Gas & Electric (PG&E), a California based utility, has brought in law firm Weil Gotshal & Manges LLP to explore restructuring options after California officials found the company responsible for the deadliest wildfires in the state’s history in the fall of 2017. One option the firm is said to be exploring is breaking up PG&E and filing bankruptcy for one of the units. For companies struggling financially, sacrificing one area of a business to protect the rest from liabilities is a popular strategy. [source]

Read More

Topics: Distressed Investments, Distressed Debt, Restructuring, Fixed Income, download, default

Italy Seeking 20 Billion Euros to Save Banking Sector

Posted by Nick Buenaventura on Dec 20, 2016 10:35:00 AM

Italian government has decided to request approval from parliament for a 20 Billion Euro bail-out to stabilize its banking sector. A priority of this capital raise will be to bail-out the world's oldest bank and number three lender, Banca Monte dei Paschi di Sienna (IT: BMPS). In the beginning of December, BMPS, was in the news as it sought out 5 Billion Euros in order to cover debts and to dispose of toxic loans. Prior to the government meeting, BMPS, had formally attempted to raise the needed capital injection from private investors to avoid government intervention. The bank would need to secure the funds from private investors prior to the end of the year to avoid action from the government.

Read More

Topics: bonds, BMPS, Distressed Debt


Are you using AdvantageData?

AdvantageData is your fixed income solution for pricing, analytics, reports, and insight on approximately:

  • 500,000+ U.S. and international corporate bonds
  • Over 6,200+ CDS reference entities
  • Over 22,000+ syndicated loans
  • Over 100 equity markets worldwide
  • One platform 16 products and services from debt to CDS to loans to mid-market
  • Used by top buy and sell-side firms worldwide

 

Subscribe to Email Updates

Recent Posts