Credit markets coined the phrase to “pull a J. Crew” as shorthand for a borrower’s aggressive asset heist. Now junk bondholders are increasingly fighting back against such moves.
Credit markets coined the phrase to “pull a J. Crew” as shorthand for a borrower’s aggressive asset heist. Now junk bondholders are increasingly fighting back against such moves.
Vivid Seats Inc.’s debt sank further into distressed territory after the ticket reseller reported earnings that missed estimates and guided for even weaker results this year.
Vivid Seats Inc.’s debt sank further into distressed territory after the ticket reseller reported earnings that missed estimates and guided for even weaker results this year.
The Vivid Seats logo on a laptop arranged in New York, US, on Thursday, June 13, 2024. Shares of Vivid Seats Inc., a competitor to StubHub which went public via a merger with a blank-check company in 2021, have declined about 60% since its listing. Photographer: Gabby Jones/Bloomberg
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