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CreditSights1681 word report
published Nov 30, 2008
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Abstract: RRI stock rallied 44% last week versus a 24% gain for the peer group on speculation cancellation of the new financing was a sign that RRI could be close to selling the whole company.
Brief Excerpt: RRI: Cancels $1B FR/GS Financing; Maintain U/W on Bonds RRI said it will no longer proceed with its previous $1 billion financing that consisted of a $350 million convertible deal and $650 million secured credit facility Management...
Report Type: Company Article
Source: CreditSights Inc
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CreditSightsCreditSights is an independent research platform comprised of a team of analysts with both buy-side and sell-side experience in the U.S. and overseas. CreditSights' research focuses on global corporate and sovereign issuers, which have securities that are actively traded in the corporate bond, credit derivatives and/or equity-linked markets. Sector coverage is broad-based and includes telecom, technology, and media; autos and general industrials; utilities and energy; financial services; commodity cyclicals; retail and consumer products; and aerospace and defense. Emerging markets coverage includes the major Latin American, Asian and Eastern European countries. The focus of CreditSights research is to help investors make decisions by distilling and interpreting significant developments and specific events affecting individual companies, industries, or the securities markets as a whole.
