Then there’s this: CreditSights analysts say part of J.C. Penney’s savings—$127 million to $260 million—from getting rid of debt in bankruptcy would be cancelled out by rent owed to investors.
Analysts at CreditSights say that part of J.C. Penney’s interest savings from debt cancellation during bankruptcy will be cancelled out by the rent the retailer will owe investors to keep operating its…
“Despite its entitlement to receive up to $4.9 billion in clearing payments …the company was forced into bankruptcy as its over-levered balance sheet and the financial impact of Covid-19 caused…
“The airlines have been pretty adept at getting deals done, both with the banks and in capital markets,” said Roger King, analyst with CreditSights. United “just pushed this one a little…
But what’s really weighing on American’s bond price is the sheer size of its debt outstanding: More than $50 billion of adjusted debt including underfunded pension obligations, government loans and…
Specifically, it is securing the loans and bonds with slots at airports in New York, Washington, D.C., and London, as well as European and Latin American routes, according to CreditSights. There…
The iShares Muni ETF looks more liquid than muni bonds, however. And that means the broader market probably has farther to fall. Earlier this week Bloomberg’s platform had a record…
Service Properties Trust (SVC): This real-estate investment trust used to be called Hospitality Properties Trust, if that provides any clue for why the company is selling off. It has been diversifying…