The Vault · 2026-03-27 14:57:00 · Bloomberg Markets
A significant divergence is unfolding in the US high-yield debt market. Leveraged loans are on track to outperform junk bonds this month by the widest margin since 2023, signaling a sharp shift in risk appetite and financing strategies among corporate borrowers. This performance gap, the largest in two and a half years...
The Vault · 2026-03-30 22:56:53 · Bloomberg Markets
A $500 million leveraged loan for Mativ Holdings Inc. has been sold to investors at one of the year's steepest discounts, a clear signal of mounting pressure in the high-yield debt market. The transaction, led by JPMorgan Chase & Co., underscores a rapid cooling of investor demand for risky corporate debt as market vol...
The Vault · 2026-04-02 12:57:20 · Bloomberg Markets
The last line of defense for investors in risky corporate loans is being systematically dismantled in the rush to win deals. According to a stark analysis from Moody's Ratings, lenders are aggressively relaxing protective covenants—the contractual rules that give investors early warning and recourse when a borrower's f...
The Vault · 2026-04-09 22:39:53 · Bloomberg Markets
Mercer International Inc. has triggered a sharp selloff in its bonds with a controversial maneuver to strip away standard lender protections. The struggling pulp producer is seeking to remove covenants that require equal treatment for all creditors, a foundational principle in corporate debt markets. This move would gr...
The Vault · 2026-04-16 19:22:49 · Bloomberg Markets
The Brazilian conglomerate J&F, controlled by billionaires Joesley and Wesley Batista, has entered the US high-yield debt market for the first time. This debut junk-bond offering is a critical move to refinance existing debt, signaling a strategic pivot to international capital markets under intense financial scrutiny....
The Vault · 2026-04-18 19:52:29 · Bloomberg Markets
Credit markets are pivoting sharply, with investors shedding the safe-haven assets they've clung to since February and aggressively moving into riskier debt. This decisive shift hinges on a single, high-stakes wager: that the fragile truce between the US and Iran will hold, allowing markets to move past the immediate s...
The Vault · 2026-04-20 13:52:57 · Bloomberg Markets
The relentless demand for artificial intelligence infrastructure is pushing data center developers back into the high-risk, high-yield debt market. This marks a significant acceleration in borrowing to fund the massive capital expenditures required for AI compute power, signaling that the initial wave of issuance is no...
The Vault · 2026-04-21 14:22:40 · Bloomberg Markets
Core Scientific Inc. is tapping the high-yield debt market for a massive $3.3 billion, signaling a new phase of aggressive capital raising to fund the voracious infrastructure demands of artificial intelligence. This move places the company squarely within a growing wave of speculative-grade borrowers betting that inve...
The Vault · 2026-04-21 15:22:45 · Bloomberg Markets
A stark divergence is unfolding in the US high-yield debt market. While investors are embracing risk elsewhere, they are actively avoiding the most troubled segment of junk bonds. The primary source of this fear is not a looming recession, but the potential for artificial intelligence to fundamentally disrupt the busin...
The Vault · 2026-04-21 22:22:37 · Decrypt
Core Scientific is making a massive, high-stakes financial move to fund its strategic shift away from Bitcoin mining. The company, which has been transitioning into a data center operator, announced plans to offer a staggering $3.3 billion in speculative-grade debt. This junk-bond sale represents a critical financing e...
The Vault · 2026-04-29 14:54:17 · Bloomberg Markets
A data center developer has launched a $999 million junk bond offering for a project leased to a SoftBank Group Corp. subsidiary, marking one of the largest high-yield issuances targeting artificial-intelligence infrastructure and serving as a barometer for investor appetite in the sector. The deal follows a string of ...
The Vault · 2026-04-30 11:24:08 · Bloomberg Markets
Shapoorji Pallonji Group, one of India's largest conglomerates, is actively pursuing high-yield bond financing from BlackRock and JPMorgan Chase & Co., according to sources familiar with the matter. The move signals an aggressive push to access capital markets even as the group has secured relief on existing debt oblig...
The Vault · 2026-05-08 12:54:44 · Bloomberg Markets
A growing number of private equity sponsors are turning to the European junk debt market to fund distributions to themselves, as prolonged market volatility driven by geopolitical tensions and technological uncertainty narrows traditional exit routes. The practice—known in industry circles as dividend recapitalization—...