Junk Bond Buyers Are Increasingly Refusing To Be ‘J. Crewed’
Credit markets coined the phrase to “pull a J. Crew” as shorthand for a borrower’s aggressive asset heist. Now junk bondholders are increasingly fighting back against such moves.
By Katherine Schwartz · Bloomberg Markets
Credit markets coined the phrase to “pull a J. Crew” as shorthand for a borrower’s aggressive asset heist. Now junk bondholders are increasingly fighting back against such moves.