Corporate Borrowing & Debt

In its third time since April tapping the market, Apple is taking advantage of cheap borrowing costs to return more cash to shareholders.

The numbers are not unexpected, after corporate borrowing growth—T&R research shows a big swing in the proportion of companies that are net borrowers.

For the past couple of weeks, debt issuances have backed up in anticipation of tomorrow's high-stakes Georgia Senate vote.

Many fret that capital is being routed to businesses that will underinvest in growth for years, even if they recover enough to fully pay the interest on their debt.

In selecting firms to underwrite its debt offering, the insurer looked only at "diverse" businesses.

Junk-rated companies are taking advantage of low rates in preparation for a prospective "Covid Winter."

Vaccine hope fuels rally.

Restructurings become more difficult as creditors seek not to keep the company going, but to enhance their own returns.