Book: Distressed Debt Analysis Author: Stephen G. Moyer Investing in distressed debt is trying to answer the following questions (among others) : … More
Tag: fixed income
Book Summary: Distress Investing
Book: Distress Investing Author: Marty Whitman & Fernando Diz Key takeaways: Authors state that the book is about buy-and-hold investing in distressing securities … More
Paper Summary: High Yield Covenants, Subordination and Related Topics
This paper was prepared by Cahill, Gordon & Reindel LLP for Merrill Lynch. 1. PRINCIPAL COVENANTS Limitations on Additional Debt Beyond the typical … More
Book Summary: Leveraged Financial Markets
Book: Leveraged Financial Markets Author: William F. Maxwell, Mark R. Shenkman Overview: In 2007, leveraged finance was 8% of total fixed … More
Book Summary: A Pragmatist’s Guide to Leveraged Finance
Book: A Pragmatist’s Guide to Leveraged Finance Author: Robert Kricheff Key takeaways: Basics: YTW and YTM are the same for a … More