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| A monthly eNewsletter on leveraged finance | November 2008 |
In this issue
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The
credit crisis isn't the only crunch distressed companies face. As
corporate restructuring timelines accelerate, debtors tackle a time
crunch to accomplish in weeks what normally takes place over several
months, or even years, in a traditional Chapter 11 corporate
restructuring. Companies and their professionals should follow these
five general principles to more easily navigate through increasingly
compressed time frames. | |||||||||||||||
| Market Minute – State of the Distressed Debt Market | Distressed Debt | |||||||||||||||
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Exclusive Standard & Poor's LCD
Commentary In a 30-minute webinar, Steve Miller of Standard & Poor’s LCD presents his unique perspective on the state of the distressed leveraged debt market including default trends and recovery predictions.  Watch webinar | |||||||||||||||
| Done Deals | Recent Transactions | |||||||||||||||
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Co-Lead Arranger • $195,000,000 • Cash
Flow Credit Facility Based in Minneapolis, Minn., Bellisio is a major manufacturer of frozen foods. The company is named after the familial home of founder Jeno Paulucci, in Bellisio Solfare, Italy. Bellisio's products are sold throughout the U.S. and worldwide under brands including Michelina’s, Lean Gourmet, Budget Gourmet, Howlin’ Coyote and Joy of Cooking. The $195 million cash flow credit facility will be used for recapitalization and ongoing working capital needs.  Read more | |||||||||||||||
| Capital Comic | © Randy Glasbergen | |||||||||||||||
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| Indices Watch | Trend Statistics | |||||||||||||||
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All
Five Indicators in CEO Confidence Index Plummet to Record
Lows Learn why the CEO Confidence Index plummeted 42.3 points to a record low of 58.2 points in a Chief Executive magazine polling of 309 business executives following the approval of the government bailout plan. Learn More |
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Fed
Loan Officer Survey: Banks Tighten Lending Read the results of the latest Fed survey that confirms banks are putting an ever-tighter squeeze on credit lines and loans to companies. Learn More |
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Restructuring
Pros Expect Credit Freeze to Thaw Slowly Find out when critical capital will return to the market according to 35 opinion leaders who took part in a Turnaround Management Association poll. Learn More |
| Find financing now at http://www.gelending.com/ | |
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Copyright © 2008 GE Commercial Finance. All rights reserved. “GE,” “General Electric Company,” “General Electric,” the GE Logo, and various other marks and logos used in this publication are registered trademarks, trade names and service marks of General Electric Company. You may reprint or forward this newsletter to others provided that it is reproduced or distributed in its entirety, including this disclaimer. For all other uses please contact Jeffrey Wilson. This publication provides general information and should not be used or taken as business, financial, tax, accounting, legal or other advice, or relied upon in substitution for the exercise of your independent judgment. For your specific situation or where otherwise required, expert advice should be sought. The views expressed in these articles reflect those of the authors and contributors and not necessarily the views of GE Corporate Lending or any of its affiliates (together, “GE”). Although GE believes that the information contained in this publication has been obtained from and is based upon sources GE believes to be reliable, GE does not guarantee its accuracy and it may be incomplete or condensed. GE makes no representation or warranties of any kind whatsoever in respect of such information. GE accepts no liability of any kind for loss arising from the use of the material presented in this publication.