Archive - JunkBondInvestor

Cascades Inc. ($CAS): BB-Rated, But for How Long?

Bear Island still ramping, leverage still stuck, margins still capped.

1 hr ago

High Yield Weekly Market Minutes: When Markets Work While You're Not Watching (July 7, 2025)

July 4th Week Delivers +0.46% Gains: The Flow Machine Doesn't Take Vacations

Jul 7

Xerox Holdings ($XRX): The Office Dinosaur's Last Stand

A "reinvention" program can't hide the fact that nobody prints anymore

Jul 3

How to Actually Make Money in Bankruptcy: Lessons from Joe Sarachek

Claims trading, structured payouts, and why most investors get it wrong.

Jul 2

June 2025

High Yield Market Weekly Minutes: Strong Performance Across All Ratings as Supply Gets Absorbed (June 30, 2025)

A Brief Recap of Last Week's High Yield Market Performance

Jun 30

Unisys Corporation ($UIS): The IT Services Pivot That Isn't Pivoting

Unisys bought time with a refinancing but the real problems haven’t changed.

Jun 27

High Yield Market Weekly Minutes: Spreads Hit 299bps as June Volume Explodes (June 23, 2025)

Primary Volume Hits $9bn in Holiday Week as Market Momentum Continues

Jun 23

Array Technologies ($ARRY): Subsidized, Second-Tier, and Still Standing

The 2028 converts trade at 77. No rating. No coupon. No audience.

Jun 20

High Yield Market Weekly Minutes: Reality Bites Back As $13bn Week Turns Into $3bn Whimper (June 16, 2025)

High Yield Issuance Craters While Secondary Markets Hold Steady

Jun 16

Victoria’s Secret ($VSCO): Bonds Trade Wide for a Reason

Tariffs, fashion risk, and digital fragility cloud the outlook—but the capital structure can take the hit

Jun 13

High Yield Market Minutes: Record Supply Meets Tighter Spreads (June 9, 2025)

Spreads Tighten 15bps Despite Busiest Week in 12 Months

Jun 9

Mativ Holdings Inc ($MATV): Merger Hangover and 5x Leverage

The SAS segment works. FAM is a mess. And the bondholders are doing the math.

Jun 6

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