Tuesday, Mar 16, 2010
Wave of bankruptcies
NYT: Corporate Debt Coming Due May Squeeze Credit
Private equity firms and many nonfinancial companies were able to borrow on easy terms until the credit crisis hit in 2007, but not until 2012 does the long-delayed reckoning begin for a series of leveraged buyouts and other deals that preceded the crisis ... From $21 billion due this year, junk bonds are set to mature at a rate of $155 billion in 2012, $212 billion in 2013 and $338 billion in 2014.
Posted by mken @ 06:44 PM (363 views) Add Comment
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