kvisf Posted May 11, 2011 #1 Share Posted May 11, 2011 The Wall Street Journal had an interesting tidbit in its Market Beat section yesterday: "The Leveraged Commentary & Data people at Standard & Poor’s are tracking several more issuers trolling the market today, including Regent Seven Seas, IPALCO Enterprises and Unit Corp." The article notes that junk bond yields are at an all-time low of 6.66%. There's no explanation why Regent would carry a junk rating, though I suspect it may have something to do with its position as a third-tier subsidiary of Apollo Management via PCH. Putting the bond indebtedness at that level in the corporate structure implies that Apollo perceives distinct value in the Regent brand. Instead of the possible Oceania-fication of Regent that has stirred some angst here, perhaps Oceania will come to be seen as Regent Lite. Why would Regent be thinking of floating a bond issue? Well, if you want to build a new ship, and money's this cheap, why not? Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.