Latest news:

Voya refinances 2016 vintage
AMMC prices its first new CLO of the year
Barings resets pre-Covid BSL CLO
Sound Point prices second new CLO of 2024
Pinebridge adds first US refi of 2024 to list
New Mountain Capital BDC raises nearly USD 860m
Carlyle resets US BSL CLO from 2017
Swedish manager raises EUR 1.7bn for private credit fund
European BSL CLO Rankings - April 2024
US MM CLO Rankings - April 2024
US BSL CLO Rankings - April 2024
M&G is back with European CLO number two
Aegon prices first European CLO
Onex prices new US BSL deal
Carlyle resets CBAM deal with huge equity injection
Sculptor keeps up its love of refis
Another 2019 vintage deal gets refinanced
Higher interest rates have caused more private credit downgrades, new report says
BlackRock confirms 145bps as the new benchmark for US AAAs
Trinitas prices partial refi of 2020 vintage BSL CLO

Bond holders feel tremors as Global Geophysical shakes

Friday, March 21, 2014

US-based seismic data provider's bond collapse as company announces forbearance agreement with lenders

Comment by: Anonymous. Posted 10 years ago [2014-03-22 14:26:52]

It doesn't look like the firm's capital structure is earthquake-proof. The equity holders in the basement will find the weight of the creditors above come crashing through the ceiling. Erstwhile lenders will be the new equity.

Funds

New Mountain Capital BDC raises nearly USD 860m 18 hours ago
Swedish manager raises EUR 1.7bn for private credit fund 1 day ago
Higher interest rates have caused more private credit downgrades, new report says 2 days ago
Raymond James and Eldridge Industries launch private credit platform 2 days ago
Bain Capital hires North American head of special situations from Brookfield 5 days ago

more stories...