AMERICAS DISTRESS DAILY: Troubled Debt Rises on Tariff Concerns

Distressed debtis rising as investors grow more concerned about the economic fallout from trade tariffs. The total amount of bonds and loans in the global distressed debt tracker increased 2% to $493 billion in the week ended March 21.

• The biggest companies adding to the global distressed debt pile included US-based car rental firm Hertz, French health care firm Colisee Group, and Luxembourg-based telecommunications company Altice International.

In Other News:

• Bankrupt brand manager Franchise Group Inc.’s first-lien lenders sued the company’s second-lien lenders, arguing the lower-tiered group violated an intercreditor deal by seeking a $158 million priority payout.
• Sunac ...