June’s High Yield Bonds in Review – Xtract Research
In a new special report, Xtract Research reviews a few noteworthy provisions from June’s high yield bonds. Q2 2021 hedge fund letters, conferences and more Highlights Of June's High Yield BondsHighlights from the report include: The builder basket in PRA Health’s new notes builds in the following way: 50% of CNI since the first day of the FQ in which the Issue Date occurs, plus other typical amounts, plus a starter amount, plus declined asset sale proceeds, plus subordinated debt repayments. Back in 2019 several issuers attempted to use a leverage no worse test for investments, which would hav...