Not exact matches
The Medicis deal,
financed through debt, has bumped the company's debt level to more than $ 7 billion, or a 4.2 debt ratio, forcing Moody's to put Valeant's debt — already in
junk bond territory — under review for a downgrade.
Investors holding Detroit's
bonds have already taken a hit as the steady erosion of the city's
finances has slashed the city's credit rating to
junk status.
The following year, Trump
financed his third casino build primarily with
junk bonds in a much - maligned deal that contributed to his eventual business bankruptcy.
Cutbacks in long - term investment also are the product of corporate raids
financed by high - interest
junk bonds.
This law was applied in the 1980s to numerous leveraged buyouts
financed by
junk bonds.
Investors» warm reception for this week's $ 3.5 bln issue looks strange given the island's
junk rating and rocky
finances, not to mention that existing
bonds trade at a big discount.
T - Mobile US Inc. and Sprint Corp. have secured $ 38 billion in committed
financing for their planned merger, which would turn them into the largest U.S.
junk -
bond borrower.
After earning a
Finance MBA from New York University, he spent the 1980s on Wall Street, as a Eurodollar trader, equity analyst and
junk bond analyst.
-- But a look behind the scenes reveals a company burning cash and
financing its production binge with
junk bonds.
Relegation to
junk bond status is a significant event in corporate
finance.
While
bond investors can usually expect to get both the promised interest payments and their principal back at maturity, that isn't a sure thing with so - called
junk bonds, which are issued by companies with shaky
finances.
Triangle was much smaller than National, but it received a lot of help (and
financing) from
junk bond king Michael Milken.
Junk bonds are issued by companies which require a significant amount of
financing such as utility companies.
After he was sent to prison on
finance - related charges, his detractors cited him as the epitome of Wall Street greed during the 1980s, and nicknamed him the
Junk Bond King.