Overview Leading provider of actionable intelligence and research on the leveraged finance, distressed debt, corporate restructuring and CDS markets.

Transcription

1 Overview Leading provider of actionable intelligence and research on the leveraged finance, distressed debt, corporate restructuring and CDS markets.

2 Debtwire North America offers unparalleled coverage of companies in the High Yield, Distressed Debt and Leveraged Loan arenas, leading the market and mainstream media with its real-time updates on capital raises, ongoing restructurings and post-restructuring situations. This actionable intelligence enables professionals in the investment, trading and advisory communities to stay ahead of competitors and uncover new business opportunities. The Debtwire Difference Because Debtwire s editorial approach is credit-specific rather than market-wide, our intelligence provides clients with practically applicable, first-mover news on companies in flux. Our team of financial journalists and analysts is regularly ahead of the market in identifying Stressed, Distressed, Chapter 11, and Post-Restructuring companies and products from large liquid credits to below-the-radar, middle-market deals. As a result, Debtwire subscribers are often the first to know about key situations and issues in the High Yield, Distressed Debt, Leveraged Loan and Restructuring markets. On the Go, Always Connected All of Debtwire s unrivalled intelligence can be delivered in customizable and mobile device alerts in real time or according to a client s desired frequency. Because the alerts are tailored to each recipient s company, sector and/or geographic preferences, they keep clients up to date on their markets of interest without bombarding their inboxes. Unparalleled Reporting Debtwire s expert fixed income journalists analyze every relevant situation in the High Yield, Distressed Debt, Leveraged Loan and Restructuring markets to identify the most pertinent issues and deliver exclusive insight from highly reliable, informed industry sources. Clients receive market-critical intelligence on all key credit situations at an early enough stage to take action. Areas of coverage include covenant compliance and amendments, debt refinancing, restructuring and inter-creditor negotiations, CDS changes, committee formation, advisory mandates, earnings updates, primary issuance, secondary market trading, regulatory and litigation. Custom-Search Historical Deals Debtwire complements this coverage with a comprehensive restructuring Deals Database that dates back to 2005 and tracks restructurings with at least $150 million in debt from the day of filing. Clients can easily tailor their searches according to Debtor Details, Industry, Deal Type, Deal Financials, etc. On the Pulse of Global Markets In addition to Debtwire s proprietary news, more than 3,000 global media sources are monitored daily by a team of multilingual financial reporters who analyze and translate the most relevant news, ensuring clients are fully informed about key issues and events before the market opens.

3 testimonial Debtwire is an invaluable resource that provides timely reporting and enables me to not only keep up on news regarding my clients but also generate new business leads. - Manager, Marotta Gund Budd & Dzera, LLC Analytics Highlights Follow the distress cycle of individual companies from the earliest signs of stress to emergence from restructuring Keep abreast of major corporate events that affect liquidity and capital structure with our personalized and mobile device alerts Utilize in-depth corporate balance sheets, tear sheets, company comparable analyses and other analytical tools to quickly learn the details of a company s situation Gain access to a wide range of financial instruments, in addition to covenants, bond and other debt documentation where available Understand restructuring trends and the real issues impacting corporate credit Access proprietary data that delivers unique insight on the restructuring environment and corporate credit, from the largest issuers of DIP loans to in-depth reports on the leveraged loan market Stay on top of live work-outs with detailed Timetables updated in real time Utilize our legal, financial and restructuring advisor profiles and fee information to efficiently leverage relationships in a specific restructuring situation How Debtwire Helps The Investment/Trading Community Stay ahead of competitors with Debtwire s real-time delivery of potential windfalls and crucial risk management insight Benefit from focused, tailored alerts on specific companies, sectors and geographies that allow you to adjust incoming content to match any investment strategy Uncover new investment opportunities and gain insights across the corporate credit spectrum with our unrivalled editorial presence and market-moving intelligence Legal & Financial Advisors and Restructuring & Turnaround Practitioners Learn about credits in distress before your competitors Stay ahead of the market in identifying potential opportunities for restructuring and refinancing mandates Access the details of creditor groups and other advisors already involved PE, Investment Banks, Leveraged Finance & Law Firms Uncover new business opportunities and gain foresight into a company s restructuring strategy/value opportunities Be the first to learn about potential refinancing and DIP loan opportunities Access proprietary intelligence on origination, structuring, pricing and competitor information for primary debt issuance (high yield bonds and leveraged loans)

4 Debtwire.com: The Debtwire online interface is structured to follow the same evolutionary stages as a maturing credit. Each stage is assigned specific universe criteria. 1. Stressed Debt: Yielding < Barclays HY+ 200bps subject to technical and macroeconomic conditions, asset valuation, liquidity runway, credit metrics 2. distressed Debt: Yielding Barclays HY+ 200bps subject to technical and macroeconomic conditions, asset valuation, liquidity runway, credit metrics 3. Pre-Restructuring: 1. Appointment of financial/restructuring advisors in view of restructuring 2. Commencing negotiations with creditors 3. Interest / Amortization / Maturity payment default (with the exception of extension of grace period by Trustee) 4. Declaration of Event of Default (technical or otherwise) 4. CH11-Restructuring: Bankrupt / Insolvent or discounted exchange terms agreed in principle Set up your customizable and mobile device alerts here Post Restructuring: Any company that has been restructured during the last two years. We track these situations looking for capital markets and M&A activity 6. timetable: Database of upcoming credit events searchable by industry, country, event type, universe and month 7. Middle Market Debtwire Middle Market covers high-yield/ unrated, stressed, distressed and bankrupt public and private companies in the U.S. and Canada with funded debt of USD 150m or less. Modeled after Debtwire s online interface, the Middle Market database is also divided into the same evolutionary stages of a maturing credit, providing credit-specific actionable intelligence, potential and past M&A analysis, access to in-depth corporate documents and other analytical tools 8. Primary Issuance: Primary Issuance tracks new high yield bond and syndicated leveraged loan deals above USD 150m beginning in July The data only includes USD denominated debt for companies domiciled in North America, with speculative grade ratings from both S&P and Moody s. The information is derived from a combination of Debtwire reporting, U.S. Securities and Exchange Commission documents and company press releases 9. LEVERageD LOAN/HIGH yield: Type in a company to search for related intelligence, debt documents, balance sheets, work-out timetables and other proprietary financial analysis testimonial Perform a phrase or keyword search to filter through Debtwire s intelligence and find exactly what you re looking for Bond and other debt documentation can be downloaded where available Debtwire has become an indispensable part of the entire department s daily routine. Rather than simply Google a credit and then cross-filter information of uncertain accuracy from numerous sources, Debtwire is the one-stop service we use. Debtwire s coverage of active Chapter 11 bankruptcy cases is also critical when getting up-to-speed in a short amount of time is required. Debtwire is a valuable tool for all professionals working in the distressed space. - Partner, Quinn Emanuel Urquhart & Sullivan, LLP Issuers rating < Moody s Baa3/ S&P s BBB-, capital structure contains at least USD 300m of loans or USD 200m of bonds, minimum 4x total leverage 10. Debt Maturity: Taken from our Balance Sheet analysis, a list of all significant (>$100m) debt maturities during the next 18 months from the universe of Stressed through Post Restructuring companies (does not include all High Yield)

5 Intelligence Interface: Become an expert on any situation with instant access to marketleading news, important deal relationships, tear sheets, balance documents and a backlog of related intelligence. Each opportunity is also categorized by related Topic(s), which appear under the Current Issues glossary on the homepage Opportunities go live on Debtwire.com throughout the day, each with an exact time stamp, to keep clients up-to-date on the latest developments Click on a headline for instant access to the full article and other related proprietary intelligence offerings One-click access to tear sheets, balance documents, etc., provides the complete story on any company A relationships box identifies all relevant issuer, advisory and other relationships, in addition to related intelligence for each

6 With the largest network of dedicated financial journalists based in 65 locations throughout the world, Debtwire is the most comprehensive provider of actionable intelligence and research on fixed income markets across the globe. Debtwire s team is comprised of highly specialized fixed income journalists and analysts with backgrounds in credit analysis, trading, law, investment banking and industry. Our customizable real-time alerts ensure clients receive Debtwire s market-leading news before the competition and ahead of situations that may impact liquidity or capital structure. For further information, please visit us at:

7 Part of The Mergermarket Group 11 West 19th Street, 2nd Floor New York, NY USA 80 Strand London, WC2R 0RL United Kingdom t: f: t: +44 (0) f: +44 (0) Suite Grand Millennium Plaza 181 Queen s Road, Central Hong Kong t: f: sales.asia@debtwire.com