Halcon Resources Corp. almost ran into trouble with its banks in June 2013. And again in March 2014. And in February 2015. Each time, the shale driller came close to violating debt limits set by its lenders, endangering a credit line that provided as much as $1.05 billion in much-needed cash. Each time, Halcon’s banks, […]
If a company has too much debt and too little income, it’s going to struggle to pay its bills, regardless of when its bonds come due. This is a lesson that investors are learning as distressed U.S. bonds suffer their worst performance since 2008. The notes have plunged 7.5 percent so far this year and […]
Spanish-language broadcaster Univision Holdings Inc. launched the process for an initial public offering by filing Thursday with the Securities and Exchange Commission. The New York-based company filed for an IPO of up to $100 million. That figure, used to calculate registration fees, is likely to change. Univision will trade under ticker symbol “UVN,” though the […]