Distressed opportunities are emerging in sectors facing fundamental business-model challenges, including software and cable, with some of the most compelling situations arising from mismatches between debt and equity valuations, according to GoldenTree Asset Management founder Steven Tananbaum.
Distressed opportunities are emerging in sectors facing fundamental business-model challenges, including software and cable, with some of the most compelling situations arising from mismatches between debt and equity valuations, according to GoldenTree Asset Management founder Steven Tananbaum.
Steve Tananbaum, founder and chief investment officer of GoldenTree Asset Management LP, during the Bloomberg Global Credit Forum in New York, US, on Wednesday, June 3, 2026. The event gathers some of the industry's most influential voices to explore where debt markets go from here.
The Aspen Group, the owner of one of the largest dental care chains in the US, is exploring tapping outside investors to tackle the maturities of roughly $3 billion of loans due next year amid weaker earnings, according to people familiar with the matter.
The Aspen Group, the owner of one of the largest dental care chains in the US, is exploring tapping outside investors to tackle the maturities of roughly $3 billion of loans due next year amid weaker earnings, according to people familiar with the matter.
IMAGE DISTRIBUTED FOR ASPEN DENTAL - The Aspen Dental team provides free care to veterans and their families during the Aspen Dental 7th Annual Day of Service, on Saturday, Nov. 6, 2021, in Loganville, Ga. (Ben Rollins/AP Images for Aspen Dental)
A debt package for the auto paint and finishing division of European chemicals firm BASF SE drew demand of over three times the deal’s size, as investor interest in the troubled sector starts to revive after months in the doldrums.
A debt package for the auto paint and finishing division of European chemicals firm BASF SE drew demand of over three times the deal’s size, as investor interest in the troubled sector starts to revive after months in the doldrums.
Investors are seizing what may be a fleeting opportunity to negotiate better terms when buying high-yield debt, turning the tables on borrowers for the first time in years.
Investors are seizing what may be a fleeting opportunity to negotiate better terms when buying high-yield debt, turning the tables on borrowers for the first time in years.
Branded cotton laces in a pair of sneakers at a Golden Goose store.
Investors, worried about artificial intelligence disrupting software companies, are skirting the most-troubled US junk debt even as they embrace risk in other markets.
Investors, worried about artificial intelligence disrupting software companies, are skirting the most-troubled US junk debt even as they embrace risk in other markets.
Relaxing covenant requirements to win competitors in the race to fund deals is leaving sub-investment grade loan investors without their last line of defense, according to an analysis by Moody’s Ratings.
Relaxing covenant requirements to win competitors in the race to fund deals is leaving sub-investment grade loan investors without their last line of defense, according to an analysis by Moody’s Ratings.
Banks led by JPMorgan Chase & Co. changed the terms of their $7.2 billion debt offering to fund the buyout of Sealed Air Corp., in a bid to break a stalemate with investors who have balked at some of the deal’s provisions.
Banks led by JPMorgan Chase & Co. changed the terms of their $7.2 billion debt offering to fund the buyout of Sealed Air Corp., in a bid to break a stalemate with investors who have balked at some of the deal’s provisions.
Banks led by JPMorgan Chase & Co. have sweetened the pricing for a $7.2 billion debt deal to fund Clayton, Dubilier & Rice’s takeover of Bubble Wrap maker Sealed Air Corp. amid investor pushback.
Banks led by JPMorgan Chase & Co. have sweetened the pricing for a $7.2 billion debt deal to fund Clayton, Dubilier & Rice’s takeover of Bubble Wrap maker Sealed Air Corp. amid investor pushback.
Signage stands outside JP Morgan Chase & Co. headquarters in New York.
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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