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Ready for restructuring

HEADLINES - -Rising interest rates and reduced refinancing options are increasing the likelihood of restructuring and financial distress in the next 12 months -Cov-lite debt packages have given borrowers breathing...more

MD&A disclosure in volatile times

Current macroeconomic and geopolitical uncertainty may make it difficult for companies to know how to tackle their Management’s Discussion and Analysis of Financial Condition and Results of Operations ("MD&A") disclosure. In...more

Liability management opportunities for mining & metals companies during a downturn

Mining & metals companies can take advantage of low prices in the leveraged finance markets to manage their liabilities amid the expected recession. The current economic environment creates opportunities for the mining &...more

Rising inflation represents risks and opportunities for leveraged finance markets

For the first time in years, inflation is on the radar for high yield bond and leveraged loan lenders and borrowers—but how might it impact markets? A sustained period of low interest rates and abundant liquidity have been...more

Market reset could trigger restructurings in 2021

HEADLINES - In March 2020, credit insurer Euler Hermes forecast a 43% increase in insolvencies in the UK in 2021, as well as a 26% uptick in France and 12% in Germany. - By December 2020, ratings agency S&P was...more

Lenders calm despite fallen angel risks

Although COVID-19 lockdowns have seen high-profile companies lose their investment grade status, lenders have continued to support these credits. COVID-19’s impact on earnings has seen companies across the United States...more

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