Private Equity
As with other trends and instruments rolled out initially in the US leveraged finance market, toggle notes are now being issued in Europe. The instrument has proved largely uncontroversial in the US in large part because investor confidence has yet to be tested by any issuer evoking their right to defer interest payments. Donal O’Donovan and Joy Ferguson report.
4 min read · 04 June 2007
2 min read · 26 April 2007
With the obvious pushback among leveraged loan investors, the high-yield market could be set for a revival of sorts, as borrowers assess an increased range of debt-financing options. Not only are issuers redeploying covenants in loan agreements, they are also being enticed back into high-yield debt, which had previously lost some volume to the white-hot loan market. Joy Ferguson and Timothy Sifert report.
4 min read · 26 April 2007
1 min read · 01 September 2006
1 min read · 01 September 2006
1 min read · 01 September 2006
2 min read · 01 September 2006
1 min read · 01 September 2006
2 min read · 01 September 2006
