Distressed debt & bankruptcy review / league table

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Completed distressed debt and bankruptcy restructuring activity totaled US$76.7 billion during the first nine months of 2015, a 48% decrease from the first nine months of 2014.

The number of completed deals also saw a significant decrease, with 164 deals during the first nine months of 2015 compared to the 234 during the same period last year. The two largest completed transactions during the first nine months of 2015 were the US$14.6 billion debt restructuring of Dubai World and the US$6 billion debt restructuring of ITR Concession Co LLC.

US completed deal activity totaled US$26.1 billion during the first nine months of 2015, a 30% decrease compared to the first nine months of 2014. There were 52 restructuring transactions completed in the US during the first nine months of the year, 23 fewer deals than the same period last year. The Industrials sector accounted for 35% of the US debt restructuring market, followed by Telecommunications, with a 20% share.

EMEA completed distressed debt restructuring deal volume totaled US$46.5 billion during the first nine months of 2015, marking a 51% descrease in activity compared to the first nine months of 2014. Industrials led all sectors in EMEA, with 46% of total completed EMEA distressed debt restructuring deal volume.

Asia Pacific (including Japan) completed deal volumes during the first nine months of 2015 reached US$2.8 billion from 37 deals, down 80% from the same period last year. High Tecnhology was the most active sector, capturing 67% of the market, followed by Industrials and Energy & Power, accounting for 21% and 12% of the market, respectively.

Worldwide Completed Restructuring (DR1) First Nine Months 2015: Thomson Reuters

Source: Thomson Reuters

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