Reorg Radio cover image

Reorg Radio

Insights with Jeremy Burton of PineBridge Investments

Jul 15, 2024
31:27
Snipd AI
Jeremy Burton, a portfolio manager on the leveraged finance team at PineBridge Investments, shares his expertise on the high-yield and leveraged loan markets. They discuss how the upcoming election may affect new-money issuance and the rise of liability management exercises. Burton also explores the nuances between high-yield bonds and leveraged loans, shedding light on current investor appetites. Additionally, he delves into the impacts of recent bankruptcy cases and the ongoing developments in corporate restructuring.
Read more

Podcast summary created with Snipd AI

Quick takeaways

  • The strong sentiment in high-yield markets signals a growing appetite for new issues amid rising yields and post-Independence Day expectations.
  • The rise of liability management exercises reflects a shift in restructuring strategies, prompting investors to adapt to evolving corporate tactics.

Deep dives

Market Sentiment and Activity

The current sentiment in the leveraged finance market remains strong, particularly in the high yield segment. There is a growing appetite for new issues as market participants seek opportunities beyond re-pricing and refinancing activities. As earnings season approaches, expectations are that more new issuance will emerge, which could invigorate the market after a quiet stretch around the Independence Day holiday. Overall, the need for increased market activity remains pivotal for participants looking to capitalize on promising credit opportunities.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode