Sentences with phrase «deeply distressed companies»

Not exact matches

For example, Overseas Shipholding Group (equity ticker OSG) is a deeply junk rated oil tanker company that has seen its bonds drop from trading around par (par means 100 cents on the dollar when comparing the market price to the face amount of the bonds) to distressed levels between 60 and 70 cents on the dollar.

Around this time the Catholic Church in America had become embroiled in the nastiest of scandals, one that would among other things spend years on prominent display in the country's press, and Richard and his company of fellow Catholics had to have been deeply distressed by it.