US High Yield Year in Review 2020
In a new report, Xtract Research presents a recap of material issues and developments from 2020 high yield bonds. Q4 2020 hedge fund letters, conferences and more Highlights from the report include: We saw only a few express documentary addbacks for COVID-19 related expenses in draft private loans (but not bonds) (an add back for “extraordinary, unusual or nonrecurring Charges, including those in connection with the COVID-19 pandemic and in another an adjustment to CNI for “one-time costs and expenses associated with any epidemic, pandemic or disease outbreak, including COVID-19, up to $10mm p...