Entries tagged "debt funding"
With all the talk of scrambling banks, out-of-luck debtors and barren credit markets, one would think that a company securing even $100 million in debtor-in-possession financing should consider itself lucky. And yet for Lyondell Chemical Co., that $100 million was just icing on the cake....
It is well known to football fans that the Dallas Cowboys have been having a hard time on the field this season, starting off with a 5-and-4 record at the midpoint of the National Football League's season, but now it may also be facing another tough opponent off the field -- the credit crisis. ...
Moody's Investors Service was the first of the three major credit ratings agencies to downgrade commercial lender CIT Group Inc. below A-level, dropping its senior unsecured rating to Baa1 from A3 late Thursday evening. Moody's main concerns relate to the risk associated with CIT's mortgage portfolio....
A Wednesday morning panel at The Deal's Fifth Annual Private Capital Symposium examined the opportunities emerging in the distressed investing marketplace. Richard Shinder, a director at Goldman Sachs Special Situations Group, spoke about the important changes that came out of covenant-lite debt terms. ...
