Q1 Distressed Debt & Bankruptcy Review: Thomson Reuters

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Completed Distressed Debt and Bankruptcy Restructuring activity totaled US$22 billion during the first quarter of 2014, a 6.8% decline from the same period last year.

In terms of volume, the number of completed deals decreased by 49.5% to 52 transactions. The largest completed transaction of the quarter was the US$10 billion Dubai Group debt restructuring.

US deal activity totaled US$4.5 billion during the first quarter of 2014, a 26.2% decrease compared to the same period last year. There were 22 restructuring transactions announced in the first quarter of 2014, a 51.1% decrease compared to the previous year. Materials accounted for 66% of the US debt restructuring market.

EMEA distressed debt restructuring deal volume totaled US$16.6 billion in the first three months of 2014, marking a 13.7% increase in activity compared to the first quarter of 2013. Financials was the leading sector with 60% of total completed EMEA distressed debt restructuring deal volume.

Asia Pacific (including Japan) deal volumes during the first quarter of 2014 reached US$1.7 billion, down 71.2% from the same period last year. Materials was the most active sector, capturing 49% of the market, followed by Energy & Power and Industrials, with 39% and 7% market share respectively.

Worldwide Completed Restructuring Q1 2014: Thomson Reuters

Source: Thomson Reuters

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