PDL BioPharma is reinventing itself as a healthcare-focused finance company through a two-pronged strategy, investing in royalty streams and providing high-yield financing
life science companies with near-term product launches.
Private-equity backed M&A, which typically relies heavily on high-yield financing
, is down 22 percent from Q2 2011.
As liquidity from traditional sources dries up, owners and investors will turn to high-yield financing
organizations as viable sources for capital.
Its high-yield financing
in 1992 and 1993 clearly exhibited the weakness of the company, sporting coupons at 11 3/4 and 12 percent.
she is the senior person on three-to-five person teams structuring LBOs (leveraged buyouts) and high-yield financing
deals ranging from $100 million to $1 billion.
Considerable evidence has been developed on the role of high-yield financing
As the definitive guide to trends and the leading participants in the market, the Syndicated Lending Handbook 2004 includes an exclusive assessment of developments in 2003 looking forward to 2004, and recent research into the project finance CDO, high-yield financing
and the LSTA's trade data study.
Ultimately, high-yield financing
can enable borrowers to move their projects forward to the point of qualifying for conventional financing, often closing within a week or two.
4 billion High-Yield Financing
Package Donaldson, Lufkin & Jenrette; Wasserstein Perella Securities, Inc.
Savvy high-yield financing
firms are comfortable meeting these types of challenges.
Earlier in his career, he worked in M&A and high-yield financing
at Wasserstein Perella & Co.
4 million shares to Primary Network shareholders, will assume approximately $76 million of net debt, a portion of which will be swapped for additional high-yield bonds to be issued under Mpower's recent high-yield financing
indenture, and will account for this transaction as a purchase.