Industry Summits
Fridson sees U.S. corporate default wave ebbing
NEW YORK (Reuters) - U.S. corporate bond defaults are falling because more companies are able to refinance with high-yield debt, and that trend should continue, Martin Fridson, chief executive of Fridson Investment Advisors, said on Thursday. Full Article
Obama auto plan stopped global auto collapse: exec
NEW YORK (Reuters) - The global auto industry would have collapsed if the U.S. government had not provided taxpayer-backed financing for automakers General Motors and Chrysler, according to the chief executive officer of Motors Liquidation Co . Full Article
Moelis execs say companies 'kicking the can'
NEW YORK (Reuters) - Strong demand for high-yield corporate bonds is helping companies buy their way out of potential financing problems for a couple of years, but that will raise their costs eventually, top restructuring bankers at Moelis & Co said on Thursday. Full Article
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Quotes from Reuters Restructuring Summit
NEW YORK (Reuters) - Here is a selection of quotes from Reuters Restructuring Summit in New York on October 1. Full Article
U.S. restructuring wave to come over 18 months: GE
NEW YORK (Reuters) - An "avalanche" of large U.S. businesses will need to be restructured over the next 12 to18 months, said Rob McMahon, head of General Electric Corp's Restructuring Finance Group. Full Article
Bargain-hunters eye real estate: Barclays
NEW YORK (Reuters) - More investors are likely to move capital into real estate over the next couple of years to scoop up bargains even as the distress that has long plagued residential real estate broadens and takes hold in the commercial sector, a top restructuring expert said. Full Article
Too many distressed mortgage REIT IPOs: experts
NEW YORK (Reuters) - The newest real estate investment trusts have not fared as well as the year's first few such IPOs, discouraging further entries into the business of raising money publicly to buy distressed mortgages. Full Article
CIT collapse would be a mess, turnaround pros say
NEW YORK (Reuters) - If struggling U.S. commercial lender CIT Group Inc were to collapse it would be a "drastic mistake" as the small businesses that rely on it would have few alternate sources of funding, turnaround experts said at the Reuters Restructuring Summit this week. Full Article
Barclays' banker says DIP returns down
NEW YORK (Reuters) - Returns on debtor-in-possession financing have come down to around 10 to 12 percent, the top restructuring and finance executive at Barclays Plc's Barclays Capital unit said on Thursday. Full Article
Private equity seeks creative distressed deals
NEW YORK (Reuters) - Private equity firms are viewing the so-called "loan-to-own" strategy as problematic and are seeking more creative ways to buy distressed assets, a partner of boutique advisory firm Perella Weinberg Partners said on Wednesday. Full Article
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