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Date | Document Type |
Title
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Issuer/Entity
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28 Mar 2024
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Sector In-Depth
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High-Yield Bond Covenants – North America: As risks ease, big investor protection gains in 2023 will prove short-lived
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27 Mar 2024
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Covenant Quality Assessment
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Station Casinos LLC: Covenant Quality Post-Sale Snapshot: $500m 6.625% Senior Notes due 2032
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Station Casinos LLC
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27 Mar 2024
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Sector In-Depth
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High Yield Bond Covenants – EMEA: Covenants improved a little in 2023, but issuers maintain key flexibilities
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26 Mar 2024
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Covenant Quality Assessment
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EVOCA S.p.A.: Covenant Quality Pre-Sale Snapshot: €550m Senior Secured Floating Rate Notes due 2029
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EVOCA S.p.A.
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25 Mar 2024
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Covenant Quality Assessment
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Eutelsat SA: Covenant Quality Pre-Sale Snapshot: €600m _% Senior Notes due 2029
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Eutelsat SA
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25 Mar 2024
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Covenant Quality Assessment
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Neopharmed Gentili S.p.A.: Covenant Quality Pre-Sale Snapshot: €750m Senior Secured Notes: _% due 2030 / Floating Rate Notes due 2030
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Neopharmed Gentili S.p.A.
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22 Mar 2024
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Covenant Quality Assessment
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Reno De Medici S.p.A.: Covenant Quality Pre-Sale Snapshot: €590m Floating Rate Sustainability-Linked Senior Secured Notes due 2029
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Reno De Medici S.p.A.
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19 Mar 2024
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Covenant Quality Assessment
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CT Investment GmbH: Covenant Quality Pre-Sale Snapshot: €470m _._% Senior Secured Notes due 2030
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CT Investment GmbH
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18 Mar 2024
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Covenant Quality Assessment
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AAR CORP.: Covenant Quality Post-Sale Snapshot: $550m 6.750% Senior Notes due 2029
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AAR CORP.
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18 Mar 2024
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Covenant Quality Assessment
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Progroup AG: Covenant Quality Pre-Sale Snapshot: €750m (in aggregate) Senior Secured Notes _% due 2029/ _% due 2031
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Progroup AG
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18 Mar 2024
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Covenant Quality Assessment
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Allied Universal Holdco LLC: Covenant Quality Post-Sale Snapshot: $1,000m 7.875% Senior Secured Notes due 2031
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Allied Universal Holdco LLC
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15 Mar 2024
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Covenant Quality Assessment
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VICI Properties L.P.: Covenant Quality Post-Sale Snapshot: $550m 5.750% Senior Notes due 2034/$500m 6.125% Senior Notes due 2054
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VICI Properties L.P.
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15 Mar 2024
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Covenant Quality Assessment
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Prairie Acquiror LP: Covenant Quality Post-Sale Snapshot: $400m 9% Senior Secured Notes due 2029
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Prairie Acquiror LP
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15 Mar 2024
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Covenant Quality Assessment
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NGL Energy Operating LLC and NGL Energy Finance Corp.: Covenant Quality Post-Sale Snapshot: Senior Secured Notes - $900m 8.125% due 2029 / $1,300m 8.375% due 2032
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NGL Energy Fina... NGL Energy Oper... NGL Energy Part...
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14 Mar 2024
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Covenant Quality Assessment
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Clear Channel Outdoor Holdings, Inc.: Covenant Quality Post-Sale Snapshot: $865m 7.875% Senior Secured Notes due 2030
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Clear Channel Outdoor Holdings, Inc.
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12 Mar 2024
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Covenant Quality Assessment
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Chobani, LLC: Covenant Quality Post-Sale Snapshot: $500m 7.625% Senior Notes due 2029
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Chobani Finance... Chobani, LLC
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12 Mar 2024
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Covenant Quality Assessment
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Cleveland-Cliffs Inc.: Covenant Quality Post-Sale Snapshot: $825m 7.000% Senior Guaranteed Notes due 2032
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Cleveland-Cliffs Inc.
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11 Mar 2024
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Covenant Quality Assessment
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Aston Martin Capital Holdings Limited: Covenant Quality Pre-Sale Snapshot: £1,140m equivalent: $_m / £_m _% Senior Secured Notes due 2029
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Aston Martin Capital Holdings Limited
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08 Mar 2024
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Covenant Quality Assessment
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Builders FirstSource, Inc.: Covenant Quality Post-Sale Snapshot: $1,000m 6.375% Senior Notes due 2034
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Builders FirstSource, Inc.
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07 Mar 2024
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Covenant Quality Assessment
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Royal Caribbean Cruises Ltd.: Covenant Quality Post-Sale Snapshot: $1,250m 6.250% Senior Notes due 2032
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Royal Caribbean Cruises Ltd.
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06 Mar 2024
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Covenant Quality Assessment
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EQM Midstream Partners, LP: Covenant Quality Post-Sale Snapshot: $600m 6.375% Senior Notes due 2029
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EQM Midstream Partners, LP
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06 Mar 2024
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Covenant Quality Assessment
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Champions Financing, Inc.: Covenant Quality Post-Sale Snapshot: $600m 8.75% Senior Secured Notes due 2029
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Champions Financing, Inc.
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05 Mar 2024
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Covenant Quality Assessment
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KeHE Distributors, LLC: Covenant Quality Post-Sale Snapshot: $750m 9.000% Senior Secured Notes due 2029
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KeHE Distributors, LLC
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05 Mar 2024
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Covenant Quality Assessment
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Hillenbrand, Inc.: Covenant Quality Post-Sale Snapshot: $500m 6.2500% Senior Notes due 2029
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Hillenbrand, Inc.
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05 Mar 2024
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Sector In-Depth
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Leveraged Loan Covenants – EMEA: Quantifiable covenant capacity decreased in 2023 as borrowers refinanced
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05 Mar 2024
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Covenant Quality Assessment
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CNX Resources Corporation: Covenant Quality Post-Sale Snapshot: $400m 7.250% Senior Notes due 2032
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CNX Resources Corporation
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04 Mar 2024
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Covenant Quality Assessment
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Amer Sports Company: Covenant Quality Post-Sale Snapshot: $800m 6.750% Senior Secured Notes due 2031
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Amer Sports Company
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01 Mar 2024
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Covenant Quality Assessment
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Sally Holdings LLC: Covenant Quality Post-Sale Snapshot: $600m 6.75% Senior Notes due 2032
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Sally Beauty Ho... Sally Capital, ... Sally Holdings ...
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29 Feb 2024
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Covenant Quality Assessment
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Artera Services, LLC: Covenant Quality Post-Sale Snapshot: $600m 8.500% Senior Secured First Priority Notes due 2031
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Artera Services, LLC
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29 Feb 2024
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Covenant Quality Assessment
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FORVIA S.E.: Covenant Quality Pre-Sale Snapshot: €800m Senior Notes consisting of _._% due 2029 and _._% due 2031
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FORVIA SE
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