Dividend-Driven Deals Find Receptive Investors

Sheahan, Matthew
August 2010
High Yield Report;8/30/2010, Vol. 21 Issue 35, p21
The article examines the return of junk bonds and leveraged loans used for financing dividend payments to the loan and bond markets. According to analysts, dividend deals are expected to continue but current deals do not indicate the return to bubble-era credit investment. Robert Grien, head of the finance and restructuring advisory group at TM Capital, pointed out the ability of lenders to distinguish an overlevered company and dividend recapitalization.


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