Capital Structure

Efforts to exchange bonds and loans slow to gain traction Bankruptcy filing could wipe out equity for PE sponsors Bain, THL second largest lenders to the company By Shasha Dai, CapitalStructure A bankruptcy filing by iHeartMedia Inc is not yet a certainty even though efforts by the radio and advertising company to exchange its current loans and […]

Two natural-gas fired power plants hire Jefferies to explore options Weakness in ERCOT wholesale power market Lenders include Ares, GSO, H.I.G. Whitehorse By Jamie Mason, CapitalStructure A pair of natural-gas-fueled power plants backed by private equity firm Panda Power Funds are seeking to refinance their debt together, said two sources with direct knowledge of the […]

First-lien lender group hires Houlihan Lokey Payless is backed by Blum Capital and Golden Gate Capital Golden Gate also owns position in second-lien debt: source By Lisa Allen, CapitalStructure Restructuring at low-priced shoe retailer Payless Inc is getting expedited with first-lien lenders to the company organizing and hiring financial and legal advisors. The lenders have formed […]