Obbligazioni societarie HIGH YIELD e oltre, verso frontiere inesplorate - Vol. 2

The Lebanese government agreed on Friday to raise the tax on interest payments to 10% from 7% for three years as part of the draft 2019 budget, the information minister said. Reuters
 
Along with an earnings report out now after an earlier postponement, Weatherford (NYSE:WFT) says in its 10-Q filing that it expects to file for Chapter 11 bankruptcy.
Shares are down 12.5% after hours.
It's hoping to reach a deal with noteholders for a prepackaged plan, it says; the plan calls for two debtor-in-possession facilities: a revolver of up to $750M and a loan facility of up to $1B backstopped by consenting noteholders.
Cash flow was negatively impacted by a number of factors, the company says, including an uncertain oil price environment, weak energy sector conditions mainly in Canada, season and weather-related disruptions and an unfavorable forex impact in Argentina.
 



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Tesla Inc. 'B-' Issuer Credit Rating Affirmed Following Capital Raise; New Debt Also Rated 'B-'; Outlook Negative
  • 10-May-2019 17:23 EDT
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  • Table of Contents
  • Tesla Inc. has raised over $2.7 billion through the issuance of about $860 million of common stock and $1.84 billion in 2.00% convertible senior notes due May 15, 2024.
  • We have affirmed our 'B-' issuer credit rating on Tesla, following the proposed offering, to reflect its improved liquidity.
  • We are assigning our 'B-' issue-level rating and '3' recovery rating to the new 2.00% convertible senior notes.
  • The negative outlook reflects risks related to weaker than expected demand, ongoing profitability challenges, and the company's lack of free cash flow over the next 12-24 months. These factors, combined with persistently rising financial commitments, could make Tesla's financial position unsustainable.
 

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