Corporate Borrowing & Debt

News  

Wall Street Warning to Corporate America: Get Cash While You Can

Davide Scigliuzzo |

Banks are encouraging companies at every level of credit rating to consider issuing bonds now, before economic conditions get worse.

News  

Climate Risks May Reduce Ability to Obtain Loans

Silla Brush |

New European Union guidelines instruct banks to consider environmental impacts and climate change when making lending decisions.

Best Practices  

How to Ride High on the Loan-Modification Wave

Meg Waters |

The success of a borrower’s proposal for a loan waiver or amendment will depend on how easy it is for the lender to say yes.

Best Practices  

7 Workstreams for Loan Modifications

Reuben Daniels |

News  

A Shrewd Bond Maneuver

Paula Seligson |

How Royal Caribbean created a liquidity lifeline despite a ratings downgrade and an uncertain future.

Best Practices  

Search for Solutions as the Tsunami Approaches

Meg Waters |

Companies that may require a loan modification in the next few months should be looking, right now, at exactly what covenant relief they will need, and what concessions lenders may demand in exchange.

News  

Junk Bond Yields Exceed 10%

Molly Smith & Hannah Benjamin |

Sellers desperate for funding swallow double-digit costs around the world.

News  

Banks Tightened Loan Standards as Virus Spread

Christopher Condon |

By April 3, borrowing was already more difficult, as demand for cash increased and companies’ internally generated cash flows shrunk.

Analysis  

A Tsunami of Loan Modifications Is on the Horizon

Meg Waters |

Most companies are past the decision of whether to draw on their bank facilities, but an even bigger challenge looms straight ahead.

News  

Wall Street Seizes on Corporate Loan Binge to Dictate New Terms

Paula Seligson |

Lenders are suddenly raising prices and placing anti–cash-hoarding stipulations, interest-rate floors, and mandatory prepayment clauses into new loans, even with investment-grade borrowers.