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Debt Exchange
Latest Headlines
Latest Headlines
Icahn growls at CIT board
Recall that CIT sweetened the terms of proposed debt exchange offer to help the company reduce its debt and pave the way for a restructuring. Bondholders have until Oct. 29 to vote.
One big-name bondholder is already voicing his objections. Carl Icahn, who is apparently one of the lenders' big
Perspective on the private equity bloodbath
It's not news that the private equity industry has been battered by the credit crisis. TheDeal.com puts some perspective to the carnage; it notes S&P data showing that 218 companies with private equity and venture capital funding filed for Chapter 11 protection in 2008, up 86 percent from
