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Mallinckrodt to Issue $650m of First Lien Senior Secured Notes
Mallinckrodt agreed on Friday to principal, non-binding terms with certain purchasers to issue $650 million in new first lien senior secured notes.
Credit Brief: Selling Junk and Buying ABS; Growing Distress
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Bombardier’s 2028 Unsecured Notes Set New Low, Yield Pierces 11%
Spurned Latam Air Creditors Decry ‘Extreme’ Lender Fratricide
Bausch Health Bonds Drop More Despite Management Assurances (1)
US Leveraged Loan Default Rate to Hit 1.5% by End 2022: Fitch
The US institutional leveraged loan default rate stands at just 0.50% year-to-date despite the slight pickup over the past six weeks, but it’s expected to increase as higher interest rates, inflation and weaker growth take their toll, Fitch Ratings said in a
Puerto Rico’s Oversight Board Praises ‘Watershed’ Tax-Swap Plan
Puerto Rico’s federally appointed oversight board praised local officials for hammering out a deal with the US Treasury that’s expected to bring stability and certainty to local corporations and manufacturers, and guarantee the flow of more than $1 billion in tax revenue