Confidence Through Experience LFI keeps you informed, providing insights on market movers in the leveraged finance space. LevFin Insights has filed a legal challenge to SVB Financial’s motion to seal certain documents pertaining to how it ran its business, reports Teri Buhl.
Bonds have bounced off the lows over the past week, but chairman and controlling shareholder Charlie Ergen has affirmed that the debt market is effectively closed to the company. LevFin Insights provides news and analysis on the credit markets including leveraged loans, high yield bonds, CLOs, middle market loans, and BDCs. LevFin Insights provides news and analysis covering the debt capital markets including leveraged loans, high yield, secondary trading, CLOs, middle market. Lastly, the spectrum-backed bonds (11.75%s issued at DISH Network) are down a more pedestrian 3% in total return, helped by the large coupon and implied low LTV of 35%. 3 LevFin Insights, 'Insight: Investors hone in on CSAsor lack thereofas negative consent amendments roll in' (September 15, 2022). The front-end bonds are down almost 10 pts and trade at 84 dollar price (19% YTW). We provide real-time, detail-oriented news. Lead a financial news team focusing on corporate credit special situations, restructurings, and distressed. Rehired and produced an average of 5-7 real-time reports daily for the Structured Finance Watch service on new issue. LevFin Insights is a dynamic news and information service focused on the leveraged loan and high-yield bond markets.
Its 1L bonds are down 7% to 11% in total return YTD and trade near 14% YTW and the unsecured 2026-2029 DBS notes down near 30% in total return (20-25 pts in dollar price). 420 Lexington Avenue, New York, NY 10170. The market has been unforgiving to companies that need additional debt capital and this has played through for DISH. Investor patience is wearing thin, given DISH’s willingness to go down to the wire on debt maturities and capital needs remain, including for near-term debt maturities, potential spectrum acquisitions and additional wireless spending as it faces another buildout requirement next month (70% of POPs) and again in 2025 (75% of PEAs). Notes) and management shifting its stance on the 800 MHz purchase option from T-Mobile. DISH bonds bounce off the bottom, but company acknowledges market effectively closed. DISH bonds seem to have bottomed out after the company has dealt with a host of challenges this year, including a ransomware attack that has threatened its cash cow pay-TV business, continued subscriber losses and cash burn in its subscale wireless business, a clerical error that canceled certain 600 MHz licenses (that also serve as collateral for the 11.75% Sr.
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