Corporate loans signed when rates were low are increasingly hitting a wall as they come due, according to H.I.G Bayside. “There’s a level of discount in these stressed credits that we haven’t seen for a number of years,” Jackson Craig, who co-heads the credit-focused arm of H.I.G. Capital, tells Bloomberg News’ James Crombie and Bloomberg Intelligence’s Tim Riminton in this episode of the Credit Edge podcast. “The dislocations that are occurring and the discounts that original lenders are willing to take to shed troubled assets has grown,” says Craig, who focuses on distressed debt. They also discuss private credit defaults, trouble in the chemicals sector, forced selling by collateralized loan obligations and how liability management is adding pressure.

<p>Corporate loans signed when rates were low are increasingly hitting a wall as they come due, according to H.I.G Bayside. &ldquo;There&rsquo;s a level of discount in these stressed credits that we haven&rsquo;t seen for a number of years,&rdquo; Jackson Craig, who co-heads the credit-focused arm of H.I.G. Capital, tells Bloomberg News&rsquo; James Crombie and Bloomberg Intelligence&rsquo;s Tim Riminton in this episode of the Credit Edge podcast. &ldquo;The dislocations that are occurring and the discounts that original lenders are willing to take to shed troubled assets has grown,&rdquo; says Craig, who focuses on distressed debt. They also discuss private credit defaults, trouble in the chemicals sector, forced selling by collateralized loan obligations and how liability management is adding pressure.</p>

The Credit Edge reviews the top credit news of the week and looks at the week ahead, with in-depth research of the most important corporate sectors, trends and themes. Analysis of specific corporate bonds and credit default swaps is backed by Bloomberg Intelligence's robust data sets and indexes.

<p>The Credit Edge reviews the top credit news of the week and looks at the week ahead, with in-depth research of the most important corporate sectors, trends and themes. Analysis of specific corporate bonds and credit default swaps is backed by Bloomberg Intelligence's robust data sets and indexes.</p>

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Distressed Buyer H.I.G. Sees Most Loan Distress in Years (Podcast)

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