Distressed debt & bankruptcy review - first nine months 2017

Thomson Reuters Logo

Completed distressed debt and bankruptcy restructuring activity totaled US$156.4 billion during the first nine months of 2017, a 17% decrease from the same period last year.

There were 204 completed restructuring transactions worldwide, 43 fewer compared to the first nine months of 2016. The two largest completed transactions during the first nine months of 2017 were the US$9.9 billion debt restructuring of Abengoa SA and the US$8.8 billion debt restructuring of Peabody Energy Corp.

US completed deal activity totaled US$70.7 billion during the first nine months of 2017, a 28% decrease compared to the first nine months of 2016. There were 73 restructuring transactions completed in the US during the period, 16 fewer deals than completed during the first nine months of 2016. The Energy & Power sector accounted for 53% of the US debt restructuring market. The Materials sector followed in second, with an 18% share.

EMEA completed distressed debt restructuring deal volume totaled US$81.3 billion during the first nine months of 2017, a 35% increase compared to the same period last year. The Energy & Power sector accounted for 49% of the EMEA debt restructuring market. Industrials followed in second with a 24% share of the market, with Financials following closely in third capturing a 18% share.

Asia Pacific (including Japan) completed deal volumes during the first nine months of 2017 reached US$5.6 billion, a 67% decrease compared to the same period last year. The region saw 37 completed deals during the first nine months of the year, 11 fewer than the first nine months of 2016.

Worldwide completed restructuring (DR1) 3Q 2017: Thomson Reuters

Source: Thomson Reuters

JefferiesAnd the Best Place to Work in the global financial markets 2017 is...

Register for Financial Markets News Alerts