CreditSights analysts agreed that NiSource’s minority interest sale “compares favorably” to similar vertically integrated utility stake sales and is a “credit-positive deal” with proceeds going toward capex funding and the…
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CreditSights utility analyst Andy DeVries said in a June 12 research note that a maximum payout of $1.6 billion projected by the PacifiCorp plaintiffs’ lawyers before the trial would be…
“It was an outrageously complex transaction,” said Evan DuFaux, a special situations analyst at CreditSights. But he also called it “effectively a prepackaged bankruptcy, with senior creditors taking control of…
Calling Glencore’s debt investment as “eleventh-hour reprieve”, analysts say the group will be able to tide over the ongoing crisis. “We remain aware of refinancing risk on VRL’s $4.1-billion debts…
“The risk of a run on a leading life insurer is remote,” said Josh Esterov of research-firm CreditSights.
With DISH needing additional capital and debt maturities next year, we need to see a major step change in the level of cash burn to get comfortable with the wireless…
Pat Luby, CreditSights senior municipal strategist, discusses the divergence between muni mutual funds and muni ETF flows with Vonnie Quinn and Romaine Bostick on “Bloomberg Markets: The Close.”
Above all, NRG diverted cash that could have been paid out to shareholders to instead pay a huge multiple for Vivint: 33 times expected free cash flow in 2023, according…
Analysts at CreditSights said May 15 that the decision was a “clear setback but not a final blow to a deal going through.” They noted that the “consensus has been…
Bankers initially pitched the bonds to investors at a range of Treasurys plus 145 basis points, according to CreditSights. Lower spreads mean investors receive less compensation.