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Realogy Hit With Lawsuit Over Debt Exchange

December 3, 2008 – An investment firm headed by activist investor Carl Icahn has filed a lawsuit against Realogy to stop a debt exchange. The move is part of a broader battle between issuers and bondholders...

Oaktree Raises $2.2B For Distressed Fund

December 3, 2008 – Oaktree Capital Management has raised almost $2.2 billion for a new distressed debt fund, according to the Los Angeles Times.

ING Trims Lev Finance Team In Asia

December 2, 2008 – Feeling the pinch of reduced business opportunities, Dutch financial services firm ING has cut the size of its leveraged finance team in Asia...

• Pilgrim's Pride Files For Chapter 11
• "No Deal" Volume Nearly Equals Deal Volume
• Restructuring Heavyweight Leaves Goldman

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Sovereign Wealth Funds Invade Lev Finance Shores

December 1, 2008 – If Paul Revere were a leveraged loan or bond salesman, he'd probably say forget about the British (they're already here) and call out, 'The entire world is coming!' ...

Markets Enter Era Of Private Equity Defaults

December 1, 2008 – As defaults rise, the portion of defaulting companies owned by private equity firms has increased substantially. And market observers expect it to increase further next year, as such companies will face...

HY Players Just Thankful To Survive

December 1, 2008 – Investors in the high yield market last week were happy to still be working, and were looking forward to a long Thanksgiving weekend away from watching credit markets tumble...

A Raging Bull In Private Equity?

December 1, 2008 – It's a cliche traders love: buy low, sell high. For a two-year stretch starting in mid-2005, however, many private equity pros argued that great returns could be had through buying high as long as...

Firms Pick Up Structured/Distressed Pros

December 1, 2008 – The fallout in the ABS and MBS markets has triggered the development of a new trend: structured finance professionals lending their expertise to asset management shops...

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