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In the wake of the pulled IPO of The We Company (f/k/a as WeWork Companies, Inc.) the company’s ability to incur debt is of interest. In its S-1/A for the IPO, WeWork contemplated a new bank facility, to be entered into concurrently with the equity offering. That facility would have provided $2B of....

3Q 2019 European Leveraged Insights Report highlights key trends in the leveraged loan and high-yield bond markets. Appetite for leveraged loans and high yield bonds remains strong. The appetite for leveraged loans and high yield bonds remains robust. On the bond side, there have been inflows....

3Q19 US Leveraged Insights report highlights key trends in the leveraged loan and high yield bond markets.   Institutional loan issuance down sharply YoY, but new money deal flow holds up better.   Institutional loan issuance climbed to USD 131bn in 3Q19 but the new money portion slipped....

Debtwire Par has partnered with its sister product Mergermarket to produce an original and comprehensive overview of US buyout and LBO financing trends, including extensive advisory league tables for more insight into industry players.   Among the main trends in the first half of 2019: Private....

Delta Merlin Dunia Textile's (DMDT) USD 300m bonds plummeted about 70 points last week, to the 30s, in reaction to Debtwire's 15 July report that parent Duniatex appointed AJCapital Advisory as a financial advisor for a possible debt restructuring and that a yarn spinning sister company missed an interest....

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Far-Eastern Shipping Co. (FESCO), the Russian integrated rail, port, and logistics operator with the majority of its operations in Russia’s Far East is still in talks to finalise its restructuring with residual ruble denominated debt holders. Market conditions have improved and trading volumes increased....

Lumileds’ revenue continued to weaken in 1Q19, falling approximately 31% yearover- year (YoY), to USD 318m from USD 459m. The company’s top line has softened for several consecutive quarters, largely driven by lower demand from its core automotive and smartphone customers. Historically, the automotive....

Public, or municipally-owned, electric utilities serve fewer customers in the US than do investor-owned utilities but many urban and rural areas in the southern and western US rely on these entities for electric service. By par amount of new issuance, public power bond issues were the 12th largest sector....