Distressed Creditors Play Nice; Telecoms in Focus

Distressed Creditors Play Nice; Telecoms in F...

bloombergbloomberg

Up next

Seix Fears More Zombie Borrower Distress as Interest Rates Stay High

Pressure on highly-indebted companies will intensify as interest rates remain elevated, according to Seix Investment Advisors. “We have a lot of credit zombies — B3/B minus or CCC rated credits — that still have very weak interest coverage, generating zero free cash flow,” George ...  Show more

 . 44min 22sec
Neuberger Sees More Gain Than Pain in Private Debt Market

Despite all the negative headlines around private credit, Neuberger Berman says direct loans pay a lot more than traded debt and barely make a loss. “We pretty consistently see a 200 basis point differential,” Susan Kasser, the gobal investment management firm’s head of private d ...  Show more

 . 45min 59sec

Recommended Episodes

US Retail Sales Barely Increase in Sign of Consumer Strain
Bloomberg Businessweek

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. Bloomberg News Economics Editor Molly Smith and Bloomberg News Rates Reporter Michael Mackenzie break down news that US retail sales barely rose in May and prior months were revised lower, pointing to greater f ...  Show more

 . 53min 29sec
Minutes Show Officials Rallying Around Higher-for-Longer Rates
Bloomberg Businessweek

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. Bloomberg News International Economics & Policy Correspondent Michael McKee reports on Federal Reserve officials earlier this month coalescing around a desire to hold interest rates higher for longer and “many” ...  Show more

 . 49min 44sec
Return of the covenant light loan, BNP Paribas boss interviewed, Russian ramifications and more Co-op chaos
FT Banking Weekly

Patrick Jenkins is joined by Anne-Sylvaine Chassany, private equity correspondent, for a look at how debt investors are abandoning normal creditor protections and snapping up riskier "cov-lite" loans at a faster rate and in greater proportions than at the peak of the credit bubbl ...  Show more

 . 1min 5sec
VW Latches Onto Rivian in $5 Billion EV Pact to Regain Momentum
Bloomberg Businessweek

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. Bloomberg Technology Co-Host Ed Ludlow reports on Volkswagen plowing $5 billion into a partnership with Rivian Automotive. Bloomberg News Senior Reporter Tom Randall explains why Tesla is poised to lose its six ...  Show more

 . 1h 0min