American Tire files for Chapter 11 battling industry pressures

American Tire Distributor (ATD) filed for Chapter 11 bankruptcy on Thursday after battling shifts in the tire industry that saw two major manufacturers cut ties with the firm earlier this year.

  • By David Bell
  • 04 Oct 2018

The filing was an outcome that debt investors have been anticipating for some time, with the company’s unsecured high yield bond dropping from as high as 102 in April to 24 on Wednesday.

The company, owned by private equity firms Ares Management and TPG, has $975m of senior ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 16,223.54 81 7.30%
2 Credit Agricole CIB 13,287.71 61 5.98%
3 Deutsche Bank 12,890.62 50 5.80%
4 Goldman Sachs 12,654.10 52 5.70%
5 UniCredit 11,414.29 66 5.14%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 4,861.86 36 7.48%
2 BNP Paribas 4,648.08 55 7.15%
3 Deutsche Bank 4,100.65 41 6.31%
4 JPMorgan 3,756.57 41 5.78%
5 Credit Suisse 3,528.42 38 5.43%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 19,016.51 146 10.22%
2 Goldman Sachs 14,082.73 99 7.57%
3 Credit Suisse 13,243.20 94 7.12%
4 Bank of America Merrill Lynch 12,775.52 117 6.87%
5 Citi 12,347.90 105 6.64%