In This Issue:
- Executive Summary
- Methodology
- Definitions
- Categories of Analysis
- High-Yield Bond Study:
..Call Protection
..Change of Control Portability
..Debt
..Restricted Payments/Investments
..Liens
..Affiliate Transactions
..Asset Sales
..Merger Covenant
..Registration Rights
..Covenant Suspension/Fall Away
..Collateral
..Events of Default
- Excerpt from Executive Summary:
Welcome to the fourth edition of Proskauer’s Global High-Yield Bond Study, our analysis of market terms for high-yield bond offerings. Using data from our extensive proprietary database of high-yield deals, the study covers 1,236 deals closed globally in 2011–2014 that meet our selection criteria. In this edition, we examine trends in the 2012–2014 period. We categorize deals by geography, deal size, industry, credit rating and whether they are backed by private equity sponsors.
Please see full publication below for more information.