The Distressed Debt Report - September 11, 2007

Funds Flounder, Debt Deflates, Attorneys Gear Up

Anticipating that debt devaluations will lead to a growing number of hedge fund liquidations, law firms are gearing up to represent funds and unhappy hedge fund investors. Full Story

Middle Market Seen as Relatively Stable in Turmoil

In a surprising twist of fate, middle-market corporate borrowers could very well find their paths through the current round of debt market volatility a lot smoother than what large caps peddling mega-deals encounter. Full Story

Fear in Mortgage Market Hinders Financing for CLOs

Issuance of collateralized loan obligations, a substantial funding source for the middle market, is expected to remain largely stagnant for the remainder of the year. Full Story

• Debtholders' Liabilities Remain Unclear Despite Enron Ruling
• Citigroup, Goldman to Buy Nellson, Costing Creditors $412M
• KKR Financial Takes Drastic Steps
• Patriot Capital Gets Larger Warehouse Line, Despite Market Turmoil
• Jefferies Banker Denies Former Employer Houlihan’s Allegations