Junk-bond trader Michael Milken was indicted in an insider-trading investigation but pleaded guilty to other charges.
Moody's Investors Service and Fitch Ratings each downgraded Kodak's debt deeper into junk-bond territory this week.
This firm went bust in 1991, when the market value of its junk-bond portfolio collapsed.
Some junk-bond funds may be worth a lot less than they seem to be.
When the junk-bond market subsequently recovered, Executive Life's former policyholders saw none of the benefit.
Treasury bonds are finally outperforming stocks, but there is a minor panic in the junk- bond sector.
He was perfectly positioned by the 1980s to make serious money and headlines as a junk-bond-fueled hostile takeover artist.
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Late in the 1980s an American junk-bond borrower could shout its incapacity to service its debts from the rooftops.
In July came a stinging insult:EDS' debt rating was downgraded to junk-bond levels.
Capital markets have ballooned: think, for example, of the development of the junk-bond and asset-backed market in the 1980s.
Junk-bond defaults have fallen from a peak of 10.5% of all issuers in the year to March 2002, to 2.3%.
SAB, in late April saw credit-rating firms, including HR Ratings and Moody's Investors Service, downgrade the company further into junk-bond territory.
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One is LeapFrog, a start-up financed by Michael Milken, a former junk-bond financier and jailbird, and Larry Ellison, the boss of Oracle.
Debt has dropped to 3.5 times operating income from 7.2 times back in 1996, enough to support the firm's Bbb junk-bond rating.
Junk-bond prices fell and commodities such as copper and oil also dropped.
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Since subordinated debt has less protection than senior, secured debt in bankruptcy proceedings, Triangle is able to charge higher, junk-bond rates to borrowers.
Supporting this view is the fact that new issuance in the junk-bond market has more or less ceased, regardless of the terms offered.
The winds of change swept Lyondell back to the credit markets this week though, with one of the largest junk-bond deals this year.
Mr Lee helped create an Asian junk-bond market from scratch, and Peregrine built a reputation for its skill at raising cash for fast-growing companies.
Ironically for a conference bearing the name of the father of junk-bond market, the Milken jamboree was overflowing with financiers expressing concern about cheap debt.
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The bank made a cash offer for the junk-bond portfolio and arranged for a new insurance company, Aurora, to take over Executive Life's insurance contracts.
In recent months, the decline of the junk-bond market has accelerated.
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The resurrection in stocks since March of 2009 corresponded with a momentous junk-bond rally, too, prompting investors take a more skeptical view of high-yield corporate debt.
Junk-bond spreads are still 100 basis points wider than they were at the beginning of the year, which suggests that risk aversion is about more than carmakers.
Financing is cheap on loans used to finance leverage buyouts: The average yield in the junk-bond market is at its lowest level since October 2007, falling to 8.7%.
Should European interest rates start to rise, investors may switch back to less risky government bond markets particularly as higher interest rates tend to put heavily indebted junk-bond issuers under stress.
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Mr Pitt succeeded then in shifting the focus of a far-reaching probe into insider trading away from his client and on to Michael Milken, the founding father of the junk-bond market.
Already the world's biggest babysitter, ABC is now the number two player in the U.S., second only to Knowledge Universe Education, cofounded by former junk-bond king Michael Milken and his brother, Lowell.
If Sands can convince Wall Street that his is a growth story, the stock could rise enough to make an equity offering feasible and enable him to pay off a chunk of his junk-bond debt.
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