Filing for bankruptcy may allow WeWork to cherry pick office leases.
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About 1,500 high-grade corporate bonds issued by some household names are currently trading at a discount.
“Congress and President Biden have only a handful of scheduled days in session to come to an agreement to raise or suspend the debt limit,” CreditSights analysts led by Global…
“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…
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.
Meanwhile, U.S. high-yield spreads over comparable Treasurys narrowed 41 basis points to 443 basis points as yields fell to 8.36%, according to the CreditSights note, dated April 17. Last week’s…
Initial price talk was 90 basis points to 150 basis points above the benchmark, according to a CreditSights report, which also noted that iPhones accounted for 52% of Apple’s sales…
Still, CreditSights analyst James Goldstein kept an Underperform rating on Gap following the recent results. Based on the updated guidance, he expects adjusted full-year earnings before interest, taxes, depreciation, and amortization could…
How bad has 2022 been? The investment-grade corporate bond market’s total return was negative-12.3% on the year through April 29, compared with minus-8% for high-yield, negative-12.1% for convertibles and negative-12.9%…
CreditSights analysts pegged Amazon’s cash hoard at about $92 billion, in a Monday client note.