Latest news with #junkdebt
Bloomberg
23-07-2025
- Business
- Bloomberg
Digicel Launches $2.7 Billion Junk-Debt Offering for Refinancing
Digicel Group Holdings Ltd. kicked off a $2.7 billion junk-debt sale as it looks to refinance bonds and loans coming due in the next few years. The mobile operator, whose business is mainly focused in the Caribbean and Central America, launched a nearly $2 billion two-part bond offering on Wednesday, as well as a $750 million term loan, according to people with knowledge of the matter, who weren't authorized to speak publicly.
Bloomberg
19-07-2025
- Business
- Bloomberg
Junk Bond Investors Pile Into the Riskiest Debt: Credit Weekly
By and Aaron Weinman Save US junk debt investors are piling into the riskiest bonds even as Jamie Dimon and other prominent market watchers are cautioning that valuations on credit are stretched. Bonds rated in the CCC range have gained 0.75% this month through Thursday, outpacing all other ratings tiers, including investment-grade debt. The highest-rated junk bonds, those in the BB tier, have turned in the worst performance among speculative-grade debt, implying that investors are trading out of the less risky junk bonds and into the securities paying the most yield.
Bloomberg
16-07-2025
- Business
- Bloomberg
Häagen-Dazs Maker Prices Debt for €4.4 Billion Payout to Owners
Froneri International Ltd., the maker of Häagen-Dazs ice cream, is wrapping up commitments for a debt deal to help fund one of the largest shareholder payouts on record, as its private equity co-owner looks to keep its stake in the company for longer. The UK-based manufacturer is close to pricing a €3.9 billion junk debt offering, the proceeds of which will fund a roughly €4.4 billion ($5.1 billion) payout to shareholders Nestlé SA and private equity firm PAI Partners.
Bloomberg
08-05-2025
- Business
- Bloomberg
Bankers Are Bouncing Back to Life as Hunger for Junk Debt Soars
Just weeks after coming to a halt because of Donald Trump's tariff bombshell, the junk-debt market is starting to crank back into gear again. From Italian sneaker brand Golden Goose to German chain Motel One, even some of the raciest types of corporate lending are suddenly back in vogue. A spate of high-yield bond deals kicked off the action at the end of April — and now loan issuers are joining the party.
Bloomberg
07-05-2025
- Business
- Bloomberg
Wall Street Banks Stuck With $6 Billion in Debt Ready to Lure Back Investors
As credit markets thaw and mergers pick back up, Wall Street bankers will get a chance to pitch to investors the nearly $6 billion in buyout-related debt they couldn't sell during April's trade turmoil. More than two dozen banks were stuck with acquisition financing left on their books after failing to find buyers before deals closed — known as 'hung' debt in industry vernacular. The handful of junk deals announced over the past week will be a key test of investor appetite.
