Links
Helping Out the Banks
In his recent sector report, John Parker of Jefferies highlighted a trend that began last year and continues today. Borrowers continue to replace bank debt with a combination of bank debt and high yield bonds. With these transactions, the banks benefit from reduced exposure, higher pricing and fees, while borrowers meet their liquidity needs albeit at a cost. High yield, as we have preached, is now becoming a staple of the balance sheet.
This is only an excerpt of Helping Out the Banks
Content is restricted to subscribers. To continue reading please Log-In or view our subscription options.
Related Archive Files
Tags: · American Commercial Lines, Blackrock Kelso Capital Corp, J.P. Morgan, Jefferies, John Parker, KRG MTH Blocker Inc., Marquette Transportation Company, Marquette Transportation Holdings Inc., Wachovia, Wells Fargo
Leave a Reply
You must be logged in to post a comment.
The Official Guide To Marine Finance Providers
Shipping Index
