The winter of 2009 posed challenges to a very levered supplier of textbooks Cengage Learning and professional materials that had been carved out of Thomson-Reuters through a 2007 LBO. Its pricing ability hadn't only de-escalated, but its benchmark bonds had dove to a degree that in common years would indicate a value that was distressed.
Though paired with these difficulties arrived an opportunity to lessen debt amid dislocations in the high yield and leveraged loan markets. In this case students study stuff for example debt retrieval analysis and Cengage's capital structure to generate a pitchbook urging whether the company should pursue debt repurchases, a debt-for-debt exchange, or keep its current position.
Taking Advantage of Market Opportunities in the Credit Crisis Cengage Learning case study solution
PUBLICATION DATE: September 07, 2011 PRODUCT #: CU38-PDF-ENG
This is just an excerpt. This case is about FINANCE & ACCOUNTING
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