The Examiners: Adam Levitin on the Outlook for Corporate Restructuri...

03/26/14

The Examiners: Adam Levitin on the Outlook for Corporate Restructuring
Wall Street Journal (blog)
Second, and more important, interest rates drive the bankruptcy-filing cycle. When rates are low, there is institutional investor demand for high-yield debt because of a need to meet investment hurdles. For example, a pension fund might need to make an ...

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