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"Private equity firms’ lawyers get creative." Financial Times, August 14, 2017.
"LPC: CLO market makes room for Libor alternative." Reuters, August 10, 2017.
"Apollo pushing tough terms in ClubCorp bond: report." Nasdaq, August 9, 2017.
"Tesla's Gigafactory Is Out of Reach for Its New Lenders." Bloomberg, August 9, 2017.
"Kraft Heinz serves up short-dated floaters." Reuters, August 7, 2017.
"This Is an Outrage, Junk Market Says. Everyone Buys Anyway." Bloomberg, August 1, 2017.
"Mixed outcome in junk for covenant advocates." Nasdaq, July 28, 2017.
"What Will Libor Phase-Out Mean for Floating-Rate Securities?" Barron's, July 28, 2017.
"IFR SNAPSHOT: AT&T finally makes the call." Nasdaq, July 27, 2017.
"Covenants questioned on second junk bond in two days - IFR." Reuters, July 25, 2017
"IFR SNAPSHOT-Spreads keep grinding tighter as earnings delight." Nasdaq, July 25, 2017.
"UPDATE: Covenant Review warns on issuer-friendly Vivint bond." Nasdaq, July 25, 2017.
"Diversey removes controversial covenant from bond sale." Financial Times, July 21, 2017.
"Europe's Junk-Bond Boom Triggers Alarm as Safety Nets Weakened." Bloomberg, July 17, 2017.
"Asia Junk Bond Buyers Accept Weaker Protection as Sales Rise." Bloomberg, June 22, 2017.
"Nordstrom bonds widen on privatization concerns." Nasdaq, June 8, 2017.
"Junk bond investors win rare victory over covenants." Financial Times, June 8, 2017.
"Investors cry foul at aggressive clause in euro high-yield sale." Financial Times, June 7, 2017.
"VWR seen unlikely to contribute much to financing acquisition by Avantor Performance Materials." Prospect News, May 5, 2017.
"Covenant backlash prompts Covey Park to amend bond." Financial Times, April 27, 2017.
"iHeartMedia creditors move to block debt restructuring: sources." Reuters, April 21, 2017.
"A New Twist in iHeartMedia’s Debt Struggles." Dealbook, March 24, 2017.
"Neiman Marcus bondholders left guessing." Reuters, March 17, 2017
"Covenant Review enjoys the limelight." International Financing Review, March 4, 2017
"Virgin Media bond exchange leaves dollar holders out in the cold." Nasdaq, February 13, 2017
"Covenant Worsening May Be at ‘Inflection Point,’ Adam Cohen Says." Distressions, January 17, 2017
"Investors fight back on aggressive covenant terms." Reuters, January 13, 2017.
"Bond Covenants and Skeptic Skepticism." Bloomberg, January 12, 2017.
"Issuers drop aggressive bond terms as investors balk." StreetInsider, January 11, 2017.
"Bond-Buyer Rebellion Spreads Against Effort to Weaken Protection." Bloomberg Quint, January 11, 2017.
"Brazil's Fibria drops controversial covenant language" Reuters, January 11, 2017
"Distressed retailers scour loan fine print for debt tactics." Standard Examiner, December 20, 2016.
"Lenders Can Only Watch as Covenant-Lite Debt Strips Influence." Bloomberg, September 27, 2016.
"Claire’s Misses Debt Payment as Lender Balks at Bond Swap" Bloomberg, September 16, 2016
"OHL bonds allow for more than 1bn dividends: Covenant Review" Reuters, August 12, 2016
"Covenant Review warns on Mydentist bond's 'new and aggressive' clause." Reuters, July 22, 2016.
"‘Egregious’ Mydentist Bond Clauses Criticized by Covenant Review." Bloomberg, July 22, 2016
"European high-yield's standards slip as pace picks up" Reuters, June 13, 2016
"The Disastrous Loan Deal That Shows Wall Street Still Has a Wild West" Bloomberg, July 16, 2015
"Claire's Stores may need creativity to beat debt load" The Deal, July 15, 2015
"Covenant Review Acquires CapitalStructure" PR Newswire, May 20, 2015
"When Everyone Sees What The Best Bond Lawyers See" Above the Law, April 22, 2015
"Murray Pays Price For Coal Woes" Reuters, April 10, 2015
"Forest Oil Loophole Lures Second Energy Firm to Skip Bond Payout" Bloomberg, April 10, 2015
"Junk Bond Investors Get Primed at the Oil Pump" Wall Street Journal, March 10, 2015
"Risk-on mood prevails even as Presidio falters" Reuters, January 30, 2015
"Junk-rated Energy Companies Scramble For Financing." Reuters, January 16, 2015
"Investors Wary as Energy Sector Grows in High-Yield Bonds." Reuters, October 7, 2014.
Leeds Equity Partners Closes on Investment in Covenant Review
"Quicksilver Faces Cascade of Maturities: Distressed Debt." Bloomberg, July 25, 2014.
"Bond Buyers Skip Fine Print as Low Rates Sow Complacency." Bloomberg, May 23, 2014.
"Caesars Makes 'And' Four-Letter Word to Lenders: Distressed Debt." Bloomberg, May 12, 2014.
"Aurelius Draws Traders’ Support in NII Battle: Corporate Finance." Bloomberg Businessweek, March 12, 2014.
"Safeway LBO Puts Spotlight on Need for Bond Protection." Reuters, March 7, 2014.
"How Fed Policy Enriches Private Equity, if not Workers." Reuters, December 6, 2013.
"Debt Swap by Singaporean Company Sparks Anger." Wall Street Journal, December 5, 2013.
"New Boom in Subprime Loans, for Smaller Businesses." Dealbook, November 26, 2013.
"Brazil's Eike Batista, Onetime The World's 7th Richest, Is No Longer A Billionaire." Forbes, September 2, 2013.
"Another Victory For Activism: Oil States Announces Spin-Off, Jana's Rosenstein and David Einhorn Rejoice." Forbes, July 30, 2013.
"Time Warner Cable bid creates downgrade risk." The Bangor Daily News, July 5, 2013.
"Billionaire Batista’s Off-Book OGX Liabilities Revealed." Bloomberg, May 8, 2013.
"How the Sellside Sees the Buyside???" As published in the LSTA 2013 Loan Market Chronicle, April 2013.
Have You Sold the Bonds Yet? (Covenant Review video on cnbc.com).
"Inmet Bondholders Raise Question of Covenant Breach in Takeover." Bloomberg, June 27, 2013.
"Apollo Tyres to Assume New Debt for Cooper Deal." The Wall Street Journal, June 14, 2013.
"Suntech Must Make Friday Debt Payment, Bondholders Say" Bloomberg, March 12, 2013.
"Chesapeake battles with bank over $1.3 billion bond redemption." Tulsa World, March 12, 2013.
"Covenant Arbitrage Exploited in High-Yield Bonds: Credit Markets." Bloomberg, March 7, 2013.
"J.C. Penney Can Raise Billions Under Revised Credit Line." Bloomberg, February 22, 2013.
"Rexnord Split Seen Tempting Watts to Honeywell: Real M&A." Bloomberg, February 21, 2013.
"Buffett’s Ketchup Fancy Plies Heinz With Junk: Corporate Finance." The Washington Post, February 21, 2013.
"JC Penney bonds, CDS shrug off default notice." Reuters, February 5, 2013.
"Junk bonds drawing more investors despite the risks." Los Angeles Times, December 13, 2012.
"McClatchy Raises $910 Million in 1st Bond Sale Since 2010." Bloomberg.com, December 3, 2012.
"Junk Bonds Grow More Popular and Turn Even Riskier." New York Times, October 28, 2012.
"Icahn's Thwarted Plan for Dynegy." Wall Street Journal, September 30, 2012.
"Malone’s Starz Sells Bonds Lacking Protection: Corporate Finance." Bloomberg, September 10, 2012.
"Apollo’s Affinion Risks Default as Cash Ebbs: Corporate Finance." Bloomberg, August 31, 2012.
"Best Buy Poison Put Elusive in Schulze Offer: Corporate Finance." Bloomberg, August 29, 2012.
"Energy Future Paves Way for Unit’s Bankruptcy: Corporate Finance." Bloomberg, August 16, 2012.
"Risk Builds as Junk Bonds Boom." DealBook, New York Times, August 15, 2012.
"The One Thing Best Buy Did Right." Forbes.com, August 10, 2012.
"NRG Bondholders Reject Ratings Firms on GenOn: Corporate Finance." Bloomberg.com, July 30, 2012.
"OSG seeks more liquidity amid downgrade." Reuters.com, dated July 20, 2012.
"News Corp.’s Print Loss Is Bondholders’ Gain." Bloomberg Businessweek, June 29, 2012.
"Sharks circle McClendon's Chesapeake." Reuters.com, May 14, 2012.
"Vivendi moves to reassure bondholders." Financial Times, April 27, 2012.
"Oncor Bonds Show Energy Future Contagion Risk." Business Week, April 18, 2012.
"Chesapeake Energy Bond’s Call Option Can Limit Investor Gains." BusinessWeek.com, February 21, 2012.
"Caesars selling properties to raise $500 million." New York Post, February 9, 2012.
"Corzine Key Man Bonds Default Before Coupon." Bloomberg Businessweek, November 1, 2011.
"Kinetic Deal Shows 'Junk' Energy Waning." Wall Street Journal, October 20, 2011.
"Spokeswoman: Jeld-Wen not facing bankruptcy." Herald and News, September 6, 2011.
"Oregon's Jeld-Wen faces potential bankruptcy after plan to sell bonds fails." OregonLive.com, September 3, 2011.
"Bank of America breakup may loom." Crains New York, August 21, 2011.
"Wall St. Stunned by Corzine’s Obama Covenant." Bloomberg, August 3, 2011.
"Corzine’s Obama Covenant in MF Global Offering Stuns Wall Street." Bloomberg Businessweek, August 2, 2011.
"Warner Music Group Plans Modest Restructuring Under Access Ownership." Billboard.biz, July 25, 2011.
"Warner debt may prevent EMI deal." NY Post, July 19, 2011.
"Covenant Review critical of CCS’s financing plans." Financial Post, June 23, 2011.
"Firms Tip Scales Back in Favor of Stocks." Wall Street Journal, April 15, 2011.
"AT&T, Deutsche Telekom Risk Spreads Diverge." NASDAQ, March 28, 2011.
"American Renal’s Pay-in-Kind Debt Offer Heralds 2008 Excess." Bloomberg, March 1, 2011.
"Opti Investors Want Data." Financial Post, February 19, 2011.
"KKR’s TXU Buyout Facing 91% Odds of Default." BusinessWeek.com, January 19, 2011.
"Junk Bond Investors Are Demanding Borrowers Tighten Safeguards." Bloomberg.com, November 23, 2010.
"Loans get loose." New York Post, November 11, 2010.
"The Return of Credit-Market Craziness?" The Wall Street Journal, November 6, 2010.
"Exco Resources Bonds Tumble Most Since Issuance After CEO Proposes Buyout." Bloomberg.com, November 1, 2010.
"Cracking the Code (Part Two)." On the Left, October 11, 2010.
"Texas Utility to Take $4 Billion Charge." Wall Street Journal, October 8, 2010.
"Cracking the Code (Part One)." On the Left, October 4, 2010.
"BP Plans $3.5 Billion Bond Sale, First Since Spill." Bloomberg, September 28, 2010.
"The Final Cut: Icahn to Profit From Blockbuster's Failure." New York Post, September 24, 2010.
"Anadarko Debtors Forgive Spill as Bond Frenzy Intensifies: Credit Markets." Bloomberg, August 10, 2010.
"Chicago Parking Meters' Bond Sale Shelved Amid Covenant Spat." Wall Street Journal, July 23, 2010.
"EFH exchanges may clear way for Oncor spinoff." Reuters, July 22, 2010.
"KKR's debt-swap cashout." New York Post, July 17, 2010.
"Anadarko tells BP it won't help pay for oil spill." Associated Press, July 9, 2010.
"Market Volatility Affects Bank Lending, LBO Transactions." Dow Jones, July 8, 2010.
"Leon Black Loses to Carl Icahn as Apollo Sets New Credit Terms." Bloomberg, July 7, 2010.
"BP considering debt financing options." Reuters, June 17, 2010.
"When Banks Don't Trust Banks." Business Week, May 27, 2010.
"Junk Bonds Sell With Weakest Creditor Protection Since 2007." Bloomberg, May 18, 2010.
"Yield Junkies Return to Bond Market." Wall Street Journal, January 19, 2010.
"Manchester United Owners Said to Use Team to Pay Debt." Bloomberg.com, January 15, 2010.
"Clear Channel Triples Note Sale After Lender Dispute." Bloomberg, December 18, 2009.
"Clear Channel Outdoor May Sell Junk Bonds, Covenant Review Says." Bloomberg, December 4, 2009.
"CIT Bond Exchange May ‘Burn’ Investors, Analyst Says." Bloomberg, October 22, 2009.
"Liz Claiborne Hires Turnaround Firm Alvarez & Marsal." Wall Street Journal, September 4, 2009.
"Fool Me Once, Shame on the Covenants." Leveraged Finance News, July 1, 2009.
"Not So Fast, Mr. President." Forbes, June 8, 2009.
"GM Bondholders Fight Back." CNN Money, May 21, 2009.
"Chrysler Seen as Shot Over Bow for GM Creditors." Reuters, May 1, 2009
"GM Bondholders Propose Counteroffer, Seek Majority Stake." USA Today, May 1, 2009
"Covenant Could Threaten New Gannett Bonds." Credit Investment News, April 27, 2009
"Ch-Ch-Changes, Turn and Face the Lenders." Bank Loan Report Vol. 24, No. 16, April 20, 2009
"More Debt Exchanges Loom as Buyout Debt Comes Due." Reuters, April 17, 2009
"MGM Mirage Said to Offer Casinos as Loan Collateral." Bloomberg, March 16, 2009.
"GE: Bringing Good Bonds to Life." Barron's, March 16, 2009.
"Harrah’s Owners Said to Hedge Against Bankruptcy." Bloomberg, March 13, 2009.
"Dow Chemical: The Clock and the $15.3 Billion Deal." Wall Street Journal, March 9, 2009.
"CLOs Take A Hard Look At Amendments." Bank Loan Report, March 6, 2009.
"NXP Offers Bond Exchange to Reduce Debt." Reuters, March 3, 2009
"NXP’s $6 Billion Debt Plan Is ‘Plausible,’ Covenant Review Says." Bloomberg, February 26, 2009.
"Falling Prices Crimp Credit For Many Companies." Reuters, February 20, 2009
"Dow Takes Boo-Hoo Approach in Suit." TheStreet.com, February 11, 2009.
"Dow Faces Uphill Court Battle Versus Rohm." Reuters, February 4, 2009
"Neiman Papers Over Its Bondholders." Forbes, January 13, 2009
"Bondholders Get Big Payout From Chevy Chase Bank Sale." Washington Business Journal, December 19, 2008.
"GMAC Bond Exchange Flop Threatens Bank Bid." Reuters, December 10, 2008
"Icahn Sues Leon Black’s Realogy Over Debt Exchange." Bloomberg, December 2, 2008.
"GMAC May Seek `Significant' Capital in Banking Effort." Bloomberg, October 30, 2008.
"Target Is Studying Real-Estate Proposals From Ackman." October 28, 2008.
"Strapped Firms Swap Bonds." Financial Week, August 25, 2008.
"Playing Chicken With Countrywide Paper." Forbes, August 8, 2008
"For Banks, a $300 Billion Hangover." Barron's, August 27, 2007
"LBO Bridge Financings: Hard Commitments, Hard Choices, and Cheap Options." August 14, 2007.
"LBO Bridge Financings: Additional Questions and Answers." August 16, 2007.
Clear Channel Communications - The May 17, 2007 Second Amended and Restated Commitment Letter
This is the commitment letter between the various banks and sponsor entities to finance the Clear Channel acquisition.
"The Not-So-Secured Side of Second Liens." High Yield Report, January 29, 2007.
"A Review of Covenant Trends in 2006." Leverage World, December 8, 2006.