Quantcast

Deal covenants frustrate bondholders

According to market sources, shortsighted criteria written into the documentation of franchise deal Global Franchise Trust 1998-1 is holding up the progress of a loan workout. Apparently, the servicer is unable to go forth with a settlement without obtaining consent from 100% of the investors.

"It's hard to get...

To continue reading, log in, register or subscribe below.Calendars are available to registered users of The Bond Buyer web site.
Please log in below with the credentials you established at the time of your subscription or when you set up a free trial. If you have never set up an account with The Bond Buyer, please click the "Free trial" link below to set up your account.

Already a subscriber? Log in here.

Please note you must now log in with your email address and password.

 

Upcoming Events

Already a subscriber? Log in here
Please note you must now log in with your email address and password.