Corporate Distress Spreads; Energy Junk Is a Haven
The Credit Edge by Bloomberg Intelligence
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The Cost of Financing in the Private Market
The funding cost of companies has increased across the board. If you're going to the private market, how much more are you going to have to pay? Some of these loans are going for 15%. I think there was one company that recently took out a small loan at 20% interest to avoid bankruptcy. It doesn't sound sustainable to me.
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