US Bankruptcy Tracker: Distressed Debt Drops Below $200 Billion

Three large companies filed for bankruptcy in the US last week, while data compiled by Bloomberg show the amount of distressed debt in the Americas dropped below $200 billion for the first time since January.

• Last week’s large bankruptcy filings included wood pellet maker Enviva and Florida shopping center developer Celebration Pointe, according to court papers
• About $197.3 billion of dollar-denominated corporate bonds and loans in the Americas traded at distressed levels in the week ended Friday, a fourth-straight decrease
  • To view historical distressed debt data, click the chart below

• The following is a breakout of distressed debt ...