high-yield financing

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High-Yield Financing

The act of financing an activity or broader operation through the issue of junk bonds. These bonds have low credit ratings and have comparatively high risk. As a result, the issuer must pay higher interest rates. High-yield financing is used in some takeover situations where the acquiring company is cash poor.

high-yield financing

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The event, which will be held in Luxembourg, will bring together investment fund professionals, bankers corporates and industry practitioners to discuss Sukuk issuance and ways of promoting the Sukuk market as well as the emergence of Islamic high yield financing as an alternative.
Most recently he served as a Director for Credit Suisse where he successfully closed in excess of 30 transactions across North America and Europe, totaling more than $30 billion in capital raised, including the largest high yield financing in history and the largest holding company dividend loan in history.
Emma Capital on the 712 million acquisition by Emma Delta of a controlling stake in Greek gaming monopoly, OPAP, and on the groundbreaking 400 million high yield financing the first known instance where high yield notes were used to finance the purchase of a non-majority stake in a publicly listed company.
6x what the company originally required and the offering had the most favorable pricing that Eschelon has achieved in the past two years of its high yield financing efforts.
The firm has been ranked among the top institutions in mergers and acquisitions advice, equity and equity-related transactions underwriting, high yield financing and corporate debt issuance.
Hughes indicated that, after discussions with his advisors, he has concluded that difficult conditions in the credit markets, in particular the high yield financing market, have made it impracticable to obtain financing for this transaction on reasonably acceptable terms.
He indicated that difficult conditions in the credit markets, in particular the high yield financing market, have delayed, and may require a restructuring of, the planned financing.
Ron Chaimowitz, Chairman and Chief Executive Officer said: "GT's decision to pursue a high yield financing has always been driven by the economics of such an offering.
According to IPC, the two brothers have agreed to vote their shares in favor of the transaction at the shareholders' meeting, which is expected to take place within the first three months of 1998 concurrent with the completion of the high yield financing.
Between 1983 and 1991, he was associated with Merrill Lynch, Chilmark Partners and Criswell Development Company, specializing in high yield financing, financial restructurings and commercial real estate financing.
As the investment bank of choice for growth companies, Montgomery has the opportunity to extend its client services beyond equities and M&A advisory to high yield financing.