Despite the uncertainty and volatility brought on by the pandemic, the capital markets have remained healthier than anticipated.
Terms are becoming more stringent on the financing deals that are closing amid the COVID-19 crisis.
California Pizza Kitchen Inc. had to cancel an auction to sell itself this week after no buyers bid for the company.
One of the world’s largest hotel owners hired Rothschild & Co. to lead talks with its 19 lenders and evaluate options.
The transaction is being referred to as a “resecuritization” in deal documents seen by Bloomberg.