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--Lew Dickey, Cumulus Media ceo and chairman, about his company's decision to purchase Susquehanna Radio in anticipation of industry consolidation.
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Loan portfolio managers who operate sideline credit derivative portfolios are desperate to find ways to tackle red ink in their profit-and-loss.
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Repricings are feeling the weight of investor pushback. Last week Deutsche Bank and Credit Suisse were forced to rework Warner Chilcott after investors balked at a 50 basis points cut.
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Two borrowers will receive financing under one deal to back Cumulus Media Partner's $1.2 billion acquisition of Susquehanna Radio.
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This chart, provided by Citigroup Global Markets, tracks bid-ask prices for par credit facilities that trade in the secondary market.
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Rotech Healthcare's bonds plummeted 11 points to 92 after the company said its revenues could be hurt by a new Medicare reimbursement rate for a drug called budesonide, an ingredient in Rhinocort Aqua nasal spray.
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General Growth Properties tried to reprice its $2 billion of bank debt directly with investors without the help of its banks.
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The following charts show the top five advancers and decliners in terms of % moves in the loan, bond and credit default swap markets for the previous week.
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Tim Collins, director in equity derivatives at Merrill Lynch in New York, has left the firm.
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LRI Luxembourg, a subsidiary of German commercial bank Landesbank Rheinland Pfalz, has invested in a series of synthetic notes and will also manage the underlying reference portfolio.
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Farzin Pourmokhtar, head of product management at The Royal Bank of Scotland in London, has quit the firm after nine months.
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U.K. regulators may require the disclosure of equity derivatives positions in corporations in addition to the current cash position disclosure requirement.