According to experts, unless the country's economic growth takes bigger strides, many highly leveraged companies
may continue to battle debt.
Vitrano noted that he, chairman and chief executive officer John Standley, and president and chief operating officer Ken Martindale had experience managing highly leveraged companies
when they came to the drug chain in 2008 from regional grocer Pathmark Stores Inc.
She will help Miller Buckfire become an even more formidable leader in advising highly leveraged companies
Alcentra has substantial experience lending to leveraged companies
in the UK and across Europe through broadly syndicated senior and mezzanine facilities and directly originated senior and mezzanine transactions.
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.
As the next phase pans out, less leveraged companies
will be less dependent on bank finance and should have more robust balance sheets; an attractive proposition in the search for value.
As a result, I anticipate a rotation away from the stocks of highly leveraged companies
with weaker balance sheets, to stocks of well-run businesses who can grow cash flow and earnings.
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.
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.
TMA members also see debt default rates increasing in the near term for underperforming, highly leveraged companies
Two of the most highly leveraged companies
in the industry are Gannett Co.