(Reuters) - The company had been forced to increase the interest rate
on its LBO loan twice last week. ServiceMaster is one of a
growing list of highly leveraged so-called covenant-light deals
which had been forced to improve terms as investors began to
reassess credit risk.
Creditors are also resisting payment-in-kind notes that
allow companies to defer interest payments in favor of issuing
more debt.
Read more at Reuters.com Bonds News
on its LBO loan twice last week. ServiceMaster is one of a
growing list of highly leveraged so-called covenant-light deals
which had been forced to improve terms as investors began to
reassess credit risk.
Creditors are also resisting payment-in-kind notes that
allow companies to defer interest payments in favor of issuing
more debt.
Read more at Reuters.com Bonds News
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