Junk Bond Investors Are Squeezing Companies for Better Terms
Investors are seizing what may be a fleeting opportunity to negotiate better terms when buying high-yield debt, turning the tables on borrowers for the first time in years.
By Abhinav Ramnarayan, Katherine Schwartz · Bloomberg Markets
Investors are seizing what may be a fleeting opportunity to negotiate better terms when buying high-yield debt, turning the tables on borrowers for the first time in years.