Magnetar Scours $600 Billion Stressed Debt Pile for Bond, Loan Value
Magnetar Capital is scouring a $600 billion pile of troubled corporate bonds and loans for value as much of the debt comes due. “Yesterday’s buyout boom is today’s credit opportunity,” Austin Camporin...
24 Sep 53min
Lumen’s CFO Looks Ahead After ‘Moonshot’ Debt Deal That Worked
Lumen Technologies is reducing leverage and reinventing itself as an AI play after completing one of the biggest-ever out-of-court debt restructurings. “We had to keep as many winners as possible if w...
17 Sep 46min
Hedge Fund Andromeda Warns of ‘Titanic’ Debt Disaster as Yields Soar
High global government yields are a growing threat to corporate debt markets, according to London-based hedge fund Andromeda Capital Management. “You either have to let long-term yields go up — and wi...
10 Sep 54min
Columbia Threadneedle Scans AI Debt Rush for Alpha Opportunity
Columbia Threadneedle is looking to outperform by buying into the flood of debt from companies building artificial intelligence infrastructure. “It’s really the best place to try to find some volatili...
3 Sep 49min
‘Things Are Going to Get Crazier’: AI Debt Deluge Recalls 2007 Risks
Massive borrowing by artificial intelligence companies — some of it to fund their own customers — risks inflating a technology-sector bubble, according to Seaport Research Partners. “Things are going ...
27 Aug 53min
BMO Slashes Junk Debt Holdings as Geopolitical, Economic Risks Spread
BMO Asset Management, which oversees almost C$300 billion ($218 billion), has cut its junk-bond holdings and moved into safer parts of credit as geopolitical and macroeconomic pressures mount. “We lov...
20 Aug 52min
LBO Debt Coming Due Is Next Big Test for Credit Markets, Says ICG
Companies need to move fast to refinance leveraged-buyout debt coming due over the next few years, according to ICG. “Folks should start getting ahead of it because the traffic jam may be more the iss...
13 Aug 45min
Investors Keeping Score on 'Bad PIK', Benefit Street Partners' Kumar Says
Investors are increasingly wary of lenders who dish out so-called bad PIK, or payment-in-kind interest, to help struggling portfolio companies avoid default, according to Anant Kumar, global investmen...
6 Aug 53min
