Distressed Creditors Play Nice; Telecoms in Focus
The Credit Edge by Bloomberg Intelligence
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Carvanna Aaron's Debt Restructuring
Carvanna Aaron announced a debt restructuring alongside their earnings last week. The company wrote down about $1.2 billion in debt, which is great. Extended maturities, deferred some interest payments, and tightened some covenants. And they're doing a new equity raise.
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