About $9 billion of debt fell to distressed levels last week, marking three straight weeks of substantial expansion for the pile of troubled debt outstanding.
- The heap of dollar-denominated corporate bonds and loans in the Americas trading at distressed levels rose to $155 billion on Friday, about a 6% increase from $146.1 billion a week earlier, according to data compiled by Bloomberg.
- U.S. bankruptcy courts saw just one new large case last week
Christian Care Centers Inc. , which operates three senior-living campuses in the Dallas-area and has about $50 million of municipal bond debt,filed for Chapter 11 ...
Learn more about Bloomberg Law or Log In to keep reading:
Learn About Bloomberg Law
AI-powered legal analytics, workflow tools and premium legal & business news.
Already a subscriber?
Log in to keep reading or access research tools.