As tends to be the case with residential real estate companies, quarterly movements are smaller than for other corporates. Like-for-like rental growth came in
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Following Moody’s, Fitch has now also downgraded Stonegate to CCC+. The bonds yield over 10% and so reflect the ratings, but we agree with the
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Carlyle’s £280m Loan at VGL Midco, a holding Company outside the restricted Group of The Very Group, matures in November 2025, and with no
Read MoreCerba and other medical laboratory groups experienced a decline in bond prices following a wider circulation of a report released by the
Read MoreArdagh has over 75% support from the PIK holders and over 90% from the SSN and SUN holders. The PIK holders could force a court
Read MoreWe’re proud to support our community and collaborate with reporters on the names we cover — always careful to keep key findings exclusive to our clients.
Sarria’s quote is reproduced below as featured in Bloomberg's EMEA Distressed Daily, 8th of August:
”The company’s Spanish division alone would be enough to pay off its debt, according to Wolfgang Felix, founder of credit research firm Sarria.”
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We were very pleased with the strong attendance at our latest Live Discussion – thank you for joining us!
It was great to see your engagement throughout the session. We even ran slightly over time to make sure we addressed as many of your questions as possible.
Below is a summary of the Q&A. Please contact us if you have any more questions.
Read MoreWe’re proud to support our community and collaborate with reporters on the names we cover — always careful to keep key findings exclusive to our clients.
Sarria’s quote is reproduced below as featured in Bloomberg's EMEA Distressed Daily, 8th of August:
”The company’s Spanish division alone would be enough to pay off its debt, according to Wolfgang Felix, founder of credit research firm Sarria.”
Read More(Wolfgang on behalf of Tomas) The company disclosed that over 97% of holders of the 2026 notes are supporting the amendments. Since these
Read MoreThe AGM approved the issuance of €480m of convertible bonds; there are no plans yet to issue these bonds, but it is conceivable that part
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Iceland’s Q1 results were broadly in line with expectations, particularly given the guidance provided with the recent financial year 2025 results. A slightly
Read MoreGraanul provided an update on the consent solicitation process, as over 75% of existing noteholders have acceded to the Amend and Extend agreement. The early
Read MoreLiberty wants to split network assets from customers to boost multiples; Telefonica doesn’t. We expect Telefonica to want to take
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Live Discussion is now available on Mobico’s page.
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Tullow remains without a clear strategic direction, with the first half results offering little additional clarity. Jubilee production came
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We have sold our 2% position in the KP SSNs yesterday for 91.25c/€. It is August, and our January thesis of a satisfactory refinancing of the
Read MoreThe sale of Assurimo to Odealim, another entity owned by TA Associates, promises to be very good news for bondholders. The deal, which mirrors the
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Press reports have the PIK holders appointing White & Case to advise on accepting the restructuring plan put forward by the Ardagh Group. The Ardagh HoldCo PIKs are in a
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