high-yield debt

These high-yield debt securities are considered to be instruments of the devil.

Pension, insurance and mutual funds all own high-yield debt.

In certain cases, mainly in the high-yield debt market, there can be a substantial call premium.

In fact, some analysts contend that prices on high-yield debt have fallen to bargain levels, with the average yield at 13 percent.

First, many of those deals depended upon financing through high-yield debt, and the chaos in the financial markets has caused, a flight to quality.

The purchase of Marshall Field's, a department store company, for $1.1 billion in 1990 also added high-yield debt to the company's balance sheet.

Standard & Poor's forecasts defaults on 11 percent of high-yield debt in 2002, as struggling companies burn through their cash.

The alternative is to attack "junk" financing itself, capping the deductibility of interest on high-yield debt.

The issue, along with income from the property sales, will be used to redeem preferred stock as well as pay off high-yield debt.

The collapse of Drexel has drawn the public's attention to over-borrowed companies struggling to service high-yield debts.

Furthermore, Goldman's decision to play only a negligible role in the high-yield debt market initially hampered its ability to win business from cable companies.

In early August, Telegroup prepared a high-yield debt offering of between $225 million and $250 million.

It has also carved out a niche underwriting and trading high-yield debt, so-called junk bonds.

The emergence of a secondary market for high-yield debt provided liquidity and allowed the primary market to expand.

In 2007 the hospital group issued more than $750 million in high-yield debt, the largest junk bond offering by a nonprofit health care concern.

Unregulated institutions (such as high-yield debt issuers) would take over the economically necessary role of financial intermediation.

On Monday, the Century Communications Corporation sold $204 million worth of high-yield debt.

Knoll is shedding certain assets outside its core office furniture business and will use some of the proceeds to repay high-yield debt.

It will provide financing for middle-market leveraged buyout funds and public companies that need money to grow but are too small to secure high-yield debt.

In October, $74 billion of investment grade bonds were issued, as well as $5 billion in high-yield debt.

Caesars expects to raise $200 million in bank borrowings and $800 million from the sale of high-yield debt securities.

But, "We don't know if the package will contain cash, stock, debt or high-yield debt, and in what ratios," one arbitrager said yesterday.

Federated, based in Cincinnati, emerged from bankruptcy last year with an initial public offering that enabled it to prepay $950 million of long-term, high-yield debt.

Gone were his typical rants about the private equity industry's use of high-yield debt - what he used to derisively call "wampum" and "funny money."

In July 2007, turmoil that had been affecting the mortgage markets spilled over into the leveraged finance and high-yield debt markets.