Corporate Borrowing & Debt

Corporate debt markets are feeling the effects of the new tax law.

Congratulations to Herc Rentals—winner of the 2018 Gold Alexander Hamilton Award in Treasury Transformation!

Company aims to boost liquidity and pay for rising programming costs. Investors continue to buy its debt, expecting growth in subscriber base to eventually turn cash flows positive.

New system launching this year will compete with platform used by BofAML, Citi, and JPMorgan Chase.

Acquisitions, FX market dynamics, cash repatriation, and rising interest rates are making debt more expensive for U.S. companies.

Surge in U.S. dollar LIBOR is making funding more expensive for some borrowers outside the United States.