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There is no crock of equity gold at the end of the rainbow
Creditors can and will be bumped down the pecking order at the time when it matters most
Restructuring takes step towards conclusion
Public markets have proven to be often just as illiquid, leading to a convergence in approach
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CLO managers hold majority of the French grocer’s €1.4bn term loan B
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Ineos Enterprises relaunches TLB after pulling it post-Credit Suisse, but only for refinancing
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Andrew Powderly joins in London from ICBC
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Merlin Entertainment, Hotelbeds and CCP Lux join amend-and-extend parade
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CH Guenther pays a narrower OID as euro market becomes more competitive against the dollar