The energy sector will lead U.S. high yield default volume for the third consecutive month following Weatherford International Public Ltd's bankruptcy, according to the latest High Yield Default Insight report from Fitch Ratings.The July trailing...
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July 15, 2019, 08:45 AM
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Petrobras signed a revolving credit facility (RCF) in the amount of US$ 4.35 billion with a syndicate of 17 banks, with maturity in March 2023. Through the instrument, the company may make withdrawals from the line until the month prior to...
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March 09, 2018, 06:59 AM
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Bonanza Creek Energy, Inc. and certain subsidiaries today announced that they had filed voluntary petitions under Chapter 11 of the United States Bankruptcy Code in the Bankruptcy Court for the District of Delaware to pursue a prepackaged plan of...
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January 06, 2017, 07:25 AM
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BDO Consulting, a division of BDO USA, announced the appointment of Basil Karampelas as Managing Director in the firm’s Business Restructuring and Turnaround Services practice. Karampelas brings more than 25 years of experience in corporate...
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August 10, 2016, 07:06 AM
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Guggenheim Securities, the investment banking and capital markets division of Guggenheim Partners, announced that Joel Foote will join the firm as a senior managing director in the Energy group. Foote will focus on advising companies in the oil & gas...
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June 08, 2016, 07:24 AM
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The trailing 12-month (TTM) energy default rate is expected to finish February above 9% while the exploration and production (E&P) rate will surpass 14%, as continued declines in commodity prices are helping to push U.S. high-yield bond issuers in...
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February 22, 2016, 07:33 AM
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Tiger Capital Group and Liquidity Services announced the launch of a partnership geared toward helping insolvency and turnaround professionals ramp up their services to the turbulent oil and gas market, as well as directly assist companies seeking to...
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February 16, 2016, 07:46 AM
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Recent leveraged loan price volatility presents increased risks and opportunities for CLO managers, Fitch Ratings says. Managers in volatile markets are challenged to make credit calls that may significantly affect long-term performance for CLO...
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December 29, 2015, 07:33 AM
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Energy and metals/mining defaults continued unabated midway through the fourth quarter, placing continued pressure on the U.S. high yield default rate, according to Fitch Ratings. Five energy companies either completed distressed debt exchanges...
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November 16, 2015, 07:42 AM
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KPMG Corporate Finance has added a team of professionals from Ewing Bemiss & Company, a middle market boutique investment bank that provides transaction advisory services to companies in the energy, power and utilities sectors. The Ewing team has...
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August 18, 2015, 07:22 AM
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TD Securities U.S. announced a significant expansion to its Houston office, hiring a select team of employees that will increase its coverage of the U.S. energy sector. TD Securities also recently acquired a credit portfolio consisting of loan...
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July 16, 2015, 07:26 AM
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To help Houston companies balance slumping energy prices and the city’s fast growth, Wells Fargo & Company has named company veteran Brendon Riley to its Houston Commercial Banking leadership team as senior vice president.In his new role, Riley is...
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March 19, 2015, 07:58 AM
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Second-lien energy loans account for 23% of the total outstanding $40 billion, the highest percentage of any sector and well above the 8% overall market figure at the end of 2014, according to Fitch Ratings.The high price of oil and, importantly, the...
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February 04, 2015, 07:23 AM
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AlixPartners, the global business-advisory firm, announced that Fernando Oliveros has joined the firm's Enterprise Improvement group as a managing director. Oliveros brings deep international experience in the telecommunications, media and technology...
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October 17, 2014, 07:23 AM
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Tennenbaum Capital Partners (TCP) announced the opening of a new office in San Francisco. The office expands Tennenbaum's platform and also adds significant expertise in the energy technology sector. The San Francisco office will be led by Head of...
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July 16, 2014, 06:42 AM
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PetroShale announced the new corporate structure of PetroShale (US), Inc., the execution of a new three year revolving credit facility with Independent Bank of Dallas, Texas, and the execution of a new one year revolving credit facility with the Todd...
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August 06, 2013, 03:19 PM
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