Fitch Ratings has examined the implications of the debt-fueled buy-out boom of several years ago and notes that an unprecedented amount of leveraged loan and high yield bond debt will come due in the next five years. Many, if not all, of the U.S. companies that issued such debt have seen deteriorating operations while the credit markets remain selective. Furthermore, maturity concentration ensures that many companies will be vying for lenders’ dollars and attention over the next several years. Fitch’s report describes the various alternatives companies are pursuing to proactively manage the refinancing challenges they may face over the next several years.
Please click on the following links to view Fitch Ratings press release and report [subscription and/or registration may be required]:
Fitch Press Release
Refinancing the Buyout Boom: Profiles of Select Leveraged Credits
Gregg D. Killoren
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