Junk-Bond Buyers Said to Seek Cheat Sheets in Sale DocumentsBy
Group to ask lawyers to summarize key covenants for them
Slumping high-yield debt demand may give buyers more sway
High-yield bond investors are fed up with poring through hundreds of pages of sale documents looking for potential problems that could come back to bite them.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.