She will help Miller Buckfire become an even more formidable leader in advising highly leveraged companies
Leveraged lending jumped 49 per cent to $140 billion as riskier, more indebted leveraged companies
focused on amending and extending existing loans and refinancing them in the high-yield bond market when possible.
TMK remains one of the most leveraged companies
in the Russian metals & mining universe, and we expect 2011E LTM net debt/EBITDA of 3.
While many of these highly leveraged companies
have generated free cash flow through the downturn, these companies will remain dependant on external sources of capital, requiring refinancing/negotiating with lenders.
Putnam Capital Spectrum Fund and Putnam Equity Spectrum Fund will both be managed by veteran portfolio manager David Glancy, who joined Putnam earlier this year after two decades of specialising in industries of leveraged companies
at Andover Capital and Fidelity Investments.
While equity markets around the world have experienced a tumultuous quarter, Sharia investors continue to be shielded to some extent by the exclusion from their portfolios of financial stocks and other highly leveraged companies
, which do not satisfy the strict compliance criteria associated with Islamic law,"said Standard & Poor's Index Services vice president Alka Banerjee.
The action reflects Moody's concern that ''Daiei's recovery of earnings in the retail business will be further restrained while Japanese banks' support toward highly leveraged companies
will be weakening after Mycal Corp.
Much of the firming to date has been selective and directed toward companies perceived to face an uncertain future in the new economic environment and to leveraged companies
that are vulnerable to a period of slowing sales and profits.
Highly leveraged companies
, whether profitable or not, will be affected the most by this provision.
A recent survey by Kohlberg Kravis & Roberts, a major force in the LBO movement, indicates tax revenues are not diminished by highly leveraged companies
He added that despite this, highly leveraged companies
and oil based stocks performed better on Tuesday.
Conclusion: The ongoing rise in external debt suggests that the debt market continues to reopen for Russian companies, which is positive for the Russian market in general and highly leveraged companies