Provisions From January’s High Yield Bonds
It’s hard to keep up with all the new issuance, let alone the terms in those deals that could be detrimental to one’s investment. In a new report Xtract Research highlights provisions from January’s high yield bonds which may give many investors pause. Q4 2020 hedge fund letters, conferences and more Provisions You Need to Know From January’s High Yield BondsHighlights from the report include: Truck Hero’s Senior Notes contain no restriction on reclassifying outstanding Term Loan borrowings ($1.55B) out of the credit facility basket when it can meet the ratios. NGL issued notes that in one res...