The Distressed Debt Report - August 14, 2007

But Spreads May Remain Wide

The head of fixed income investment for Baring Asset Management foresees the availability of credit for middle market corporate borrowers improving in weeks rather than months. But the money will return at much wider spreads than what the markets offered in the first half of this year. Full Story

Middle Market Could Benefit by Completing Big Buyouts

Big private equity firms are having trouble completing large leveraged buyouts. But that hasn’t necessarily chilled the prospects for middle market private equity firms to win ancillary business from large LBOs. Full Story

Middle market lenders are feeling the pinch from the meltdown of the collateralized loan obligation market. Full Story

• Prepackaged Bankruptcies May Grow More Common
• Allied Executives Say They Can Take Market Share
• Icahn Goes Public on the Fast Track
• NewStar Holds Back CLO Offering
• Market Turmoil Forces RadNet to Postpone $445M Refinancing
• Wachovia Provides $400M Warehouse Facility for Monroe Capital
• Hirings & Firings