Hints and tips:
...Past liability management scenarios presented at JPMorgan’s high-yield and leveraged finance event this week included those of Bausch Health and Dish/EchoStar....
...That facility became unavailable after F45’s falling share price tripped the Fortress facility’s covenants....
...Other, more stressed, companies drew on their lines in anticipation of falling foul of covenants, which would allow lenders to cut off cash....
...ND/EBITDA in line with covenants, FCF significantly ahead due to short-term benefits....
...Verily will split the cost of care with local health system partners Premier Health and Kettering Health Network....
...(New Yorker) Debt slice NPC International, the world’s largest Pizza Hut franchisee, has plunged further into distress as its debt levels inch closer to breaching the company’s loan covenants....
...- FT AlphavillePetSmart's covenant mystery - FT Alphaville...
...Growing volumes of euro-denominated “covenant light” loans have now aroused the interest of European regulators, who are increasing their monitoring of lenders’ behaviour....
...Talvivaara’s share price closed the week 29.9 per cent down as investors feared the company could breach covenants on a €100m revolving loan....
...“We believe consumer health could be a new ‘pot of gold’ for Reckitt in terms of the potential for top-line and margin growth,” said Andrew Wood....
...People familiar with the matter said the PPD purchase would involve about $2bn in loans and junk bonds but added that moderate leverage levels and a reasonable covenant package should help generate investor...
...Jack’s next scheduled court appearance is August 17, a year after starting his rehab programme....
...breaching bank covenants....
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