High yield bonds

Leveraged Finance Introduction: Loans, Junk Bonds, and Debt Priority

Book: Corporate Financial Distress, Restructuring, and Bankruptcy
Authors: Edward I. Altman, Edith S. Hotchkiss, Wei Wang
ISBN: 9781119481850


Why Leveraged Finance Matters for Distress

Chapter 2 is where the book gets into the plumbing. If Chapter 1 told you how many companies fail, Chapter 2 explains what kind of debt they were carrying when they did.