S&P Upgrades Extended Stay America (STAY) to 'BB-'; Notes Expected CMBS

Negotiating debt repayment

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S&P Upgrades Extended Stay America (STAY) to 'BB-'; Notes Expected CMBS
The favorable revision of the term loan recovery rating reflects anticipated CMBS debt repayment using proposed notes proceeds. Given that CMBS lenders have a priority claim to ESH Hospitality's collateral value, a reduction in the level of CMBS debt …
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CORRECTED-UPDATE 2-Ukraine's cash-strapped Metinvest seeks breather
(Corrects paragraph 8 to say that Metinvest is seeking waivers on its 2017 and 2018 Eurobonds, not extension). * Seeks debt repayment holiday until January 2016. * Wants to renegotiate debt agreements. * Net profit slumped nearly 60 percent in 2014.
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The Snowball Effect of Debt Repayment
man with large debt You earned your degree, bought a new car, and went through a rough patch financially. Suddenly, you find yourself suffocating under a mountain of debt. According to recent reports, this scenario is becoming more commonplace as we …
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