J. Crew High Yield Bond, Leveraged Loan Suffer In Secondary After Co. Opts To Repay Debt In Kind |
| November 07, 2015 | November 2015 Bond Updates |
|
Debt backing J. Crew Group has been under pressure all week since the company at the outset of the week elected the PIK option on its toggle bonds. The 7.75%/8.5% senior PIK toggle notes due 2019 at issue have slumped to 33/35 this week, from 37/38, according to sources. |
| View more at: http://www.forbes.com/sites/spleverage/2015/11/06/j-crew-high-yield-bond-leveraged-loan-suffer-in-secondary-after-co-opts-to-repay-debt-in-kind/ |
| Related News |