Corporate Borrowing & Debt

The success of a borrower's proposal for a loan waiver or amendment will depend on how easy it is for the lender to say yes.

How Royal Caribbean created a liquidity lifeline despite a ratings downgrade and an uncertain future.

Companies that may require a loan modification in the next few months should be looking, right now, at exactly what covenant relief they will need, and what concessions lenders may demand in exchange.

Sellers desperate for funding swallow double-digit costs around the world.

By April 3, borrowing was already more difficult, as demand for cash increased and companies' internally generated cash flows shrunk.

Most companies are past the decision of whether to draw on their bank facilities, but an even bigger challenge looms straight ahead.

Lenders are suddenly raising prices and placing anti–cash-hoarding stipulations, interest-rate floors, and mandatory prepayment clauses into new loans, even with investment-grade borrowers.