U.S. Home Refinancings Drop to 18-Year Low
A weekly measurement of refinancing activity showed a 5% decline even though mortgage rates fell for the first time in seven weeks.
Kodak Issues ‘Going Concern’ Warning
The company says its liquidity challenges "raise substantial doubt about Kodak’s ability to continue as a going concern.”
S&P Downgrades Eastman Kodak to ‘CCC’
S&P says there is a material risk Eastman Kodak will be unable to refinance a $395 million outstanding term loan.
Hertz Shares Jump on Private Debt Offering
The stock rises more than 8%, recouping some of the losses it suffered after Hertz reported disappointing first-quarter results.
CMBS Delinquency Rate Rises Again in March
As measured by Trepp, the delinquency rate has increased in 11 of the past 13 months and, at 5.37%, is now 115 basis points higher than a year ago.
The Refinancing from Hell
YRC's controller is glad that a 2014 refinancing didn't fall under 'troubled debt restructuring,' like a 2011 recapitalization did.