Kevin Kingsbury
US Credit Editor at Bloomberg News
A US Credit editor for @markets and @business. Back in NY after 7 years in Hong Kong. On the lookout for the next burst bubble. I speak for me.
Articles
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1 week ago |
news.bloomberglaw.com | Kevin Kingsbury
US leveraged-loan funds had their biggest-ever weekly outflow as investors reacted to President Donald Trump’s tariff policies. An estimated $6.5 billion was pulled from the funds in the week ended Wednesday, according to data from LSEG Lipper. Investors yanked cash as prices on the risky debt hit their lowest since mid-2023. The previous record outflow of $3.6 billion was set in December 2018.
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1 month ago |
news.bloombergtax.com | Kevin Kingsbury
Brightspeed is seeking additional funding from investors to expand its fiber optic network, with plans to seek $1.25 billion to $2.25 billion in fresh financing, according to people familiar with the matter. The company may structure as much as $575 million of that as a private placement while other portions could involve the fiber securitization market.
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1 month ago |
news.bloomberglaw.com | Kevin Kingsbury
Brightspeed is seeking additional funding from investors to expand its fiber optic network, with plans to seek $1.25 billion to $2.25 billion in fresh financing, according to people familiar with the matter. The company may structure as much as $575 million of that as a private placement while other portions could involve the fiber securitization market.
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1 month ago |
news.bloomberglaw.com | Kevin Kingsbury
Sunnova Energy is preparing for negotiations with its creditors to address its troubled capital structure, as Oaktree Capital Management has been buying up debt in the solar panel provider. Oaktree has accumulated around $400 million of the company’s debt, giving it a significant role in the discussions, according to people familiar with the matter.
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1 month ago |
news.bloombergtax.com | Kevin Kingsbury
Purdue Pharma has filed a new Chapter 11 plan with a New York bankruptcy court, pledging it will give creditors more than $7.4 billion of cash to compensate victims of the opioid crisis. A new public benefit company will be created after Purdue is dissolved and its assets transferred. The Sackler family, which owns Purdue, will no longer have ownership interest or a role with the new firm.
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It might only be one deal, but at least the US high-grade corporate bond market has a bit of issuance today. $PAYX https://t.co/BzEPuYtz32 via @markets
Just another sleepy Friday.... https://t.co/pegpPtuapI via @markets
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