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Retail & Consumer. Qstream-powered solutions for every sales environment and business challenge. Our approach is simple: Deliver best-in-class automotive education and performance improvement solutions that go beyond just building skills and increase knowledge. Our initiatives inspire action, passion and commitment to improve performance and better champion your brand. Learn about AMCI. Chameleon 2.0 eLearning plays on any device, contains multiple languages from a single course version and integrate...
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Comments on Credit: Jarden Compares Loan and Bond Costs
http://commentsoncredit.blogspot.com/2010/01/jarden-compares-loan-and-bond-costs.html
What current events tell us about credit risk, and vice versa. Tuesday, January 26, 2010. Jarden Compares Loan and Bond Costs. August 2009: "Amend and Extend". In August 2009, the company extended the maturity of $600 million of Term B loans ("TLBs") from January 2012 to January 2015 through the creation of a "Term B4" tranche. This new tranche was priced at LIBOR 3.25%. The remaining $724 million of term loans remain due through 2012. January 2010: Senior Subordinated Notes. So which is cheaper? The loa...
commentsoncredit.blogspot.com
Comments on Credit: August 2009
http://commentsoncredit.blogspot.com/2009_08_01_archive.html
What current events tell us about credit risk, and vice versa. Tuesday, August 11, 2009. How to Increase Loan Returns: LIBOR Floors and OID. High Credit Spreads Match High Credit Risk. Lower LIBOR is Good News for Borrowers . But Loan Investors Still Get Paid. LIBOR Floor: Borrower and lender agree that the basis for the loan will be THE GREATER OF actual LIBOR (currently under 0.50%) or the agreed upon floor. Floors in the market today range between 2% and 3%. Original Issue Discount (OID): The loan is ...
commentsoncredit.blogspot.com
Comments on Credit: October 2009
http://commentsoncredit.blogspot.com/2009_10_01_archive.html
What current events tell us about credit risk, and vice versa. Thursday, October 29, 2009. Using Subordination to Define Intercreditor Priority. The November 2009 issue of. The RMA Journal, The Journal of Enterprise Risk Management. Includes an article entitled "Using Subordination to Define Intercreditor Priority" by Ron Carleton and Tim Delaney of Financial Training Partners. Is published by the Risk Management Association. Financial Training Partners, visit www.fintrain.com/publications. Covenant reli...
commentsoncredit.blogspot.com
Comments on Credit: Off-Balance-Sheet Debt at BT Group
http://commentsoncredit.blogspot.com/2009/11/off-balance-sheet-debt-at-bt-group.html
What current events tell us about credit risk, and vice versa. Thursday, November 5, 2009. Off-Balance-Sheet Debt at BT Group. The heavy burden of hidden debt. BT Group, plc, is one of the world’s largest telecommunications companies. Since the telecom crash in 2001, it’s been struggling with operating, management, and reporting problems. You can add financial problems to the list as well. What explains the difference between BTs reported leverage and its adjusted leverage? 8226; Allow the holder to dema...
commentsoncredit.blogspot.com
Comments on Credit: November 2009
http://commentsoncredit.blogspot.com/2009_11_01_archive.html
What current events tell us about credit risk, and vice versa. Wednesday, November 18, 2009. There are lots of measures of liquidity. The classics are the current ratio and the quick ratio, but they've fallen out of favor because they don't include cash flow, a critical component of liquidity. Cash burn is too recent to be classic, even though it's been around for a while. But it's limited to on-balance-sheet sources of liquidity. Thursday, November 5, 2009. Off-Balance-Sheet Debt at BT Group. Look beyon...
commentsoncredit.blogspot.com
Comments on Credit: July 2009
http://commentsoncredit.blogspot.com/2009_07_01_archive.html
What current events tell us about credit risk, and vice versa. Monday, July 27, 2009. MBAs Need Credit Training. The job market for recent MBA graduates has changed dramatically. A recent article in. MBA Jobs: For Some, a Waiting Game. Described how some firms are delaying start dates for MBA hires. Job offers, and even interviews, are hard to get. Shifting Job Prospects for Finance Majors. Bringing the Credit Training Program to Campus. Wednesday, July 22, 2009. Jim Collins lists five stages of corporat...
commentsoncredit.blogspot.com
Comments on Credit: Lehman Brothers v Morgan Stanley
http://commentsoncredit.blogspot.com/2009/12/lehman-brothers-v-morgan-stanley.html
What current events tell us about credit risk, and vice versa. Tuesday, December 29, 2009. Lehman Brothers v Morgan Stanley. We hope everyone is having happy holidays. Last time, we defended Lehman Brothers from Andrew Ross Sorkin’s attack in Too Big to Fail. We’ve stolen some time from the seasonal festivities to take another look at the numbers, and we still feel there’s a strong case to be made for the way Lehman Brothers managed its finances right before its fall. In Sorkin’s account, Lehman Br...
commentsoncredit.blogspot.com
Comments on Credit: Lehman Did Everything Right
http://commentsoncredit.blogspot.com/2009/12/lehman-did-everything-right.html
What current events tell us about credit risk, and vice versa. Wednesday, December 9, 2009. Lehman Did Everything Right. Except convince anyone it was doing anything right at all. In his new book Too Big to Fail. Andrew Ross Sorkin portrays the firm’s fall as a tale of arrogance, blindness, stupidity, complacency, and greed – nearly every vice but gluttony and lust. But the numbers don’t bear that out: Lehman reacted decisively to the problems it was facing. As a percent of total funding. By the end of A...