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Article: Fitch Evaluates Refinancing Options for Leveraged U.S. Companies.
- Article from:
- Business Wire
- Article date:
- October 29, 2009
CopyrightCOPYRIGHT 2009 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CHICAGO -- Fitch Ratings today released a special report that examines the implications of the debt-fueled buy-out boom of several years ago. According to Fitch, an unprecedented amount of leveraged loan and high yield bond debt will come due in the next five years. Many, if not all, of the U.S. companies that issued such debt have seen deteriorating operations while the credit markets remain selective. Furthermore, maturity concentration ensures that many companies will be vying for lenders' dollars and attention over the next several years. As described in the report 'Refinancing the Buy-Out Boom: Profiles of Select Leveraged Credits', several companies have already ...