Entries tagged "credit"
The once-chilly bond market in Canada has thawed to the point that new issues since March 1 have exceeded those of the same period in 2008.
If a major U.S. bank is nationalized, it could trigger credit default swaps and create a "meltdown" bigger than the fallout of Lehman Brothers Holdings Inc.
The capacity to offer credit to consumers will be a differentiating factor and can mean survival for many retailers, explains Ron Greenspan of FTI Consulting Inc.
Though overall deal volume may have fallen off a cliff, transactions are getting done. In this edition of Inside The Deal, Dominick DeChiara, chair of the private equity practice at Nixon Peabody LLP, says some PE firms are using alternative deal structures in the absence of credit. He tells The Deal's Suzanne Stevens that he's seen an increase in the use of seller notes, earnouts and rollover percentages. See the video after the break or download it on iTunes. - Maria Woehr...
Covenant-lite deals may help companies avoid bankruptcy in tough times; too bad there aren't many of them. ...
