Press
Introducing Covenant Review Documentation Scores for U.S. Institutional Loans
"Getting ready for 2019 triennial valuations." Professional Pensions, November 2, 2018.
"Banks shrug off regulators’ leveraged loan warnings." Reuters, November 2, 2018
"Fed Fires Warning Shot at Wall Street's Riskier Loan Deals." Bloomberg, October 25, 2018.
"Fox Bondholders Are Pushing Back on Disney’s Exchange Offer." Bloomberg, October 12, 2018.
"Tesla surges after analyst says he doesn't see it needing to raise more cash (TSLA)." Yahoo Finance, October 9, 2018.
"US loan market unprepared for Libor transition." Reuters, October 5, 2018.
"REFILE-EMEA syndicated lending robust at US$680bn this year." Reuters, October 1, 2018.
"Now There’s Another Land Mine for Junk-Bond Investors." Barron's, September 28, 2018.
"Leveraged-Loan Buyers Clamor for Crumbs in Hot Market." Bloomberg, September 28, 2018.
"KKR takes Blackstone's lead on Envision junk bond." International Financing Review, September 25, 2018
"Tesla (NASDAQ:TSLA) Need Lots More Cash, What is Going to Happen?" Live Trading News, September 24, 2018.
"Envision’s $5.05 billion loan marks jumbo buyout trio." euronews, September 20, 2018.
"The Junk Bond Market Looks Like a Runaway Train." Bloomberg, September 21, 2018.
"What the Biggest Leveraged Buyout of 2018 Says About the Credit Boom." Barrons, September 19, 2018.
"The Year’s Biggest Buyout Could Make Life Tough for Investors." Bloomberg, September 20, 2018.
"Neiman Marcus junk bonds rocked by spin-off." Nasdaq, September 19, 2018.
"Just How Wildly Exuberant is the Junk-Credit Market?" Wolf Street, September 18, 2018.
"Investors reach for yield instead of brakes." International Financing Review, September 18, 2018.
"Giant Debt Offer Shows Appetite for Low-Rated Companies." Wall Street Journal, September 18, 2018.
"Wall Street's convinced Tesla will need to raise more cash, and has some theories about how and when that may happen." Business Insider, September 18, 2018.
"U.S. investors take initiative on Refinitiv." Reuters, September 14, 2018.
"Blackstone’s Thomson Reuters Payday May Come at Cost to Lenders." Wall Street Journal, September 13, 2018.
"Biggest Buyout Financings Steamroll Over Investor Safeguards." Bloomberg, September 12, 2018.
"Blackstone's $5.5 bln bond inverts debt hierarchy." Nasdaq, September 13, 2018.
"Ten Bonds With Prices Higher Than Tesla's." Nasdaq, September 10, 2018.
"Covenant Review slams Refinitiv junk bond terms." Reuters, September 10, 2018.
"Blackstone wants credit now for future Thomson Reuters cost cuts." Gulf Times, September 7, 2018.
"WeWork Has a Hefty Yield and a Red Flag." Barrons, August 31, 2018.
"Change of control: How would Tesla's creditors fare in a LoLBO?" Financial Times, August 9, 2018.
"WFS, Ceva unshaken by trade noise." Nasdaq, July 27, 2018.
"Bondholders Want to Keep What They Didn't Know They Wanted." Bloomberg, July 24, 2018.
"Bondholders Tire of Losing Out When Funding Failed Acquisitions." Bloomberg, July 23, 2018.
"Safeway Holders Scuffle With Albertsons Over 2015 Default Claim." Bloomberg, July 23, 2018.
"The digitalization of Asia’s treasury operations." The Asset, July 13, 2018.
"High-Yield Borrowers Play Catch Up After Pre-Summer Window Opens." Bloomberg, July 12, 2018.
"Leeds Equity wraps up Fulcrum exit." PitchBook, July 12, 2018.
"Titans of Junk: Behind the Debt Binge That Now Threatens Markets." Bloomberg, July 11, 2018.
"Adjusted Ebitda Masks Higher Leverage on Buyout Loans." Reuters, July 6, 2018.
"PetSmart's covenant mystery." Financial Times, June 26, 2018.
"PetSmart Lenders Seek Edge After Citi Quits Loan Agent Role." Bloomberg, June 22, 2018.
"Blackstone sweetens terms on Cirsa buyout bond." International Financing Review, June 21, 2018.
"Tensions rise as private equity-backed companies push limits." Reuters, June 15, 2018.
"Wall Street Bankers Pile Leverage Onto Riskiest U.S. Buyouts." Credit Union Times, June 15, 2018.
"In Retailer Bankruptcies, Private Equity Comes Under Fire." Bloomberg, June 8, 2018.
"Salt becomes latest to shelve high-yield bond sale." Financial Times, June 8, 2018.
"Chewy worries don't dent PetSmart bond rally." International Financing Review, June 4, 2018.
"Fitch Branches Out More From Ratings, Buys Data Provider." The Wall Street Journal, May 31, 2018.
"Bonds plunge in Barclay brothers-controlled Shop Direct." Financial Times, May 24, 2018.
"Some of the worst covenants that we’ve ever seen." Financial Times, May 22, 2018.
"Private Equity Wins as Banks’ Leveraged Buyout Fears Dwindle." Bloomberg, May 18, 2018.
"Law firms in focus as leveraged loan docs deteriorate." Reuters, May 18, 2018
"Tesla’s Fundraising Options Get Thornier." The Wall Street Journal, May 13, 2018.
"Revlon Bonds, Stock Take Hit After Quarterly Results." The Wall Street Journal, May 11, 2018.
"U.S. junk bond investors push back on loose terms." Reuters, May 11, 2018.
"Sprint seeks rainy day protection with bond changes." International Financing Review, May 10, 2018.
"Valeant to Borrow $5.315 Billion to Refinance Maturities." Bloomberg, May 10, 2018.
"Financial reporting relativism is running deeper and deeper." Financial Times, May 4, 2018.
"Watch Out: Junk Bonds Are Getting Junkier," The Wall Street Journal, May 3, 2018.
"Investors tighten loan documents with J Crew blocker." Reuters, May 3, 2018.
"WeWork is Banking on Enterprise Clients as it Pays a High Price for Growth." AllWork, May 3, 2018.
"WeWork bond loses appeal days after debut." Financial Times, May 2, 2018.
"WeWork Accounts for Consciousness." Bloomberg, April 27, 2018.
"WeWork's staggering growth has run up an $18 billion rent bill." Quartz at Work, April 26, 2018.
"WeWork Boosts Junk-Bond Deal to $702 Million in Debut Sale." Bloomberg, April 25, 2018.
"Next Up For Tesla Inc (TSLA) CEO: Solar City Debt Concerns." StockNews, April 9, 2018.
"SolarCity becomes a cash burn for Tesla after Model 3 bottlenecks." Business Standard, April 7, 2018.
"Tesla Has a Problem, and It’s Not the Model 3." Bloomberg, April 6, 2018.
"Coty Debt Deal Shows Investors Burned by J. Crew Are Now Awake." Bloomberg, April 5, 2018.
"Gigafactory on the block if Tesla gets into trouble." Financial Times, March 28, 2018.
"Now you see it, now you don't: the Incredible Shrinking Bond Guarantee!" Financial Times, March 15, 2018.
"Sprint to Sell Up to $3.94 Billion of Spectrum-Backed Bonds." Bloomberg, March 12, 2018
"Lloyd Blankfein Won't Run Goldman Forever." Bloomberg, March 12, 2018
"All's fair in love and proxy fights?" Financial Times, March 9, 2018
"Equinix closes books on first bond this year." Nasdaq, February 28, 2018.
"More high-yield-lite deals expected." Reuters, February 26, 2018.
"Wynn Resorts Asks Bondholders to Shield It as Founders Fight." Bloomberg, February 23, 2018
"Revlon Creditors Brace for Perelman Pulling a J.Crew-Style Deal." Bloomberg, January 24, 2018.
"Aurelius and Windstream's Game of Debt Chess Heads to Court." Bloomberg, December 14, 2017.
"Hedge Fund and Rural Phone Company Face Off in Court Over Debt Drama." Bloomberg, December 13, 2017.
"Swissport takes more heat over loan extension to HNA." Financial Times, December 13, 2017.
"PetSmart Lenders Are Worried About a Chewy.com Spinoff." Bloomberg, December 7, 2017.
"Beware the Trapdoor as Borrowers Retreat in Europe Loans Faceoff." Bloomberg, December 5, 2017.
"The Incredible Shrinking Bond Covenant." Institutional Investor, November 17, 2017.
"Goldman Sachs draws ire over Verisure bond deal." Financial Times, November 9, 2017.
"Hellman & Friedman put Verisure’s bondholders on the spot." Financial Times, November 6, 2017.
"UPDATE 1-B2Holding docs stretch HY boundaries." Reuters, November 2, 2017
"Any Way You Slice It: Is Valeant a Safer Bet Following Debt Offering, Asset Sales?" Barron's, October 30, 2017.
"Netflix prices its largest bond ever." IFR, dated October 23, 2017.
"One of Wall Street's Favorite Metrics Is Now Getting Mocked." Bloomberg, October 20, 2017.
"LPC: JDA seeks to leave options open when choosing borrowing benchmark." Reuters, October 16, 2017.
"Independent voices stand up to bond issuers." Reuters, October 12, 2017.
"Junk rally makes some investors nervous." Times of India, October 10, 2017.
"Windstream: Inherently Unpredictable." Seeking Alpha, October 10, 2017.
"Goldman Sachs imagines Libor substitute: itself." Times of India, October 3, 2017.
"Jonah Energy removes controversial bond provision." Nasdaq, September 28, 2017.
"What’s Up With Windstream?" Barron's, September 27, 2017.
"Safety Becomes Stigma as Leveraged Loans Cut Out Covenants." Bloomberg, September 22, 2017.
"Aggressive term in Stada bond sale causes outcry." Financial Times, September 20, 2017.
"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.