Junk Bond Investors Are Squeezing Companies for Better Terms
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Branded cotton laces in a pair of sneakers at a Golden Goose store.Investors are seizing what may be a fleeting opportunity to negotiate better terms when buying high-yield debt, turning the tables on borrowers for the first time in years.Companies that have sold junk bonds in the past month, including Bubble Wrap-maker Sealed Air Corp., luxury sneaker brand Golden Goose Group SpA, and telecommunications firm TDC Brands, have all conceded to demands for stronger legal protections for creditors.