Some debt offerings find ways to double earnings projections.

Foiled deal shows that the retail industry is toxic to creditors.

Foiled deal shows that the retail industry is toxic to creditors.

Three-quarters of new loans are now defined as "covenant-lite."

Three-quarters of new loans are now defined as "covenant-lite."

Surge in underwriting reflects companies moves to reprice and issue loans ahead of additional Fed rate hikes.

Surge in underwriting reflects companies moves to reprice and issue loans ahead of additional Fed rate hikes.

Crackdown could cut loan issuance by up to $80B in 2015.