Debt Archives - CFO

GE Commits to Cutting Debt By 35% Within 3 Years

GE Commits to Cutting Debt By 35% Within 3 Years

The U.S. industrial conglomerate provided more clarity on its debt plans to soothe investor nerves, sending shares up.

By Lauren Muskett | March 18, 2021

Johnson & Johnson Borrows $7.5B to Fund Its Purchase Of Momenta

Mergers & Acquisitions

Johnson & Johnson Borrows $7.5B to Fund Its Purchase Of Momenta

S&P Global Ratings said that the company’s adjusted debt to a measure of earnings is at a 15-year high.

By Vincent Ryan | August 21, 2020

SOX 404 Exemption Pushes Small Companies to Incur Debt: Study

Credit & Capital

SOX 404 Exemption Pushes Small Companies to Incur Debt: Study

To avoid the auditor attestation required by SOX 404, small companies often incur debt instead of selling stock, a new study finds.

By Vincent Ryan | April 14, 2020

Puerto Rico Reaches Deal Over $35B in Debt

Credit & Capital

Puerto Rico Reaches Deal Over $35B in Debt

The deal with supporting creditors “will reduce the amount of Commonwealth-related bonds outstanding to less than $12 billion.”

By Lauren Muskett | June 18, 2019

Kroger to Contribute up to $1B to Pension Plan

Retirement Plans

Kroger to Contribute up to $1B to Pension Plan

The contribution will "significantly address" the underfunding of the plan, which, as of Dec. 31, had a funding ratio of 75.8%.

By Matthew Heller | July 17, 2017

Moody’s Downgrade Highlights China Fears

Global Business

Moody’s Downgrade Highlights China Fears

The rating agency says China's "financial strength will erode somewhat over the coming years" as a result of excessive economy-wide debt.

By Matthew Heller | May 24, 2017

Emerging Markets Drive Debt to Record High

Global Business

Emerging Markets Drive Debt to Record High

Global debt grew to $215 trillion, or 325% of global GDP, in 2016, with EM countries' debt more than tripling to $56 trillion over the past decade.

By Matthew Heller | April 4, 2017

Household Debt Continues Slow Climb

Household Debt Continues Slow Climb

U.S. consumers continue to enlarge their balance sheets with automobile and credit card loans, as well as mortgages.

By Vincent Ryan | August 10, 2016

S&P Signals Downgrade in U.K. Credit Rating

S&P Signals Downgrade in U.K. Credit Rating

The "Brexit" will deter investment in the U.K.'s economy and put its financial sector at a competitive disadvantage, S&P predicts.

By Matthew Heller | June 24, 2016

Assuring Lenders an Affiliate Transaction Is Fair

Risk Management

Assuring Lenders an Affiliate Transaction Is Fair

Doing a deal with an affiliate? Existing lenders or debtholders will require assurances that the transaction is carried out in arm’s-length fashion.

By David Turf | May 10, 2016

Venoco Files Chapter 11 Due to Oil Price Slump

Venoco Files Chapter 11 Due to Oil Price Slump

The Denver company says the declining price of oil and the closure of a key pipeline "continue to be serious problems."

By Katie Kuehner-Hebert | March 18, 2016

Aspect Software Files Bankruptcy to Cut Debt Load

Aspect Software Files Bankruptcy to Cut Debt Load

The call-center software company plans to execute a restructuring that would eliminate $320 million in debt and equitize another $60 million.

By Matthew Heller | March 10, 2016

Fitch Warns of Anheuser-Busch Debt Downgrade

Fitch Warns of Anheuser-Busch Debt Downgrade

The ratings agency says the brewer's bonds could be downgraded to junk if it acquires SABMiller with debt only.

By Katie Kuehner-Hebert | September 18, 2015

Industry Downturn Sinks Dry Bulk Shipper

Industry Downturn Sinks Dry Bulk Shipper

Global Maritime Investments has filed Chapter 11 bankruptcy due to decade-low charter rates for its ships.

By Matthew Heller | September 16, 2015

Junk-Rated Defaults Seen Continuing at Low Rate

Junk-Rated Defaults Seen Continuing at Low Rate

Still, given the fall in energy prices, Moody's expects the speculative-grade default rate to rise to 3.1% in 2016.

By Matthew Heller | May 4, 2015