Dorothy Ma

Carlyle Group Inc. has lost more than $100 million on a loan it provided to now-bankrupt Roomba maker iRobot Corp., according to an estimate based on filings and court papers.

(Bloomberg) -- Private equity-owned companies borrowed $94 billion in leveraged loans and high-yield bonds in the US to fund their own payouts last

(Bloomberg) -- Private equity-owned companies borrowed $94 billion in leveraged loans and high-yield bonds in the US to fund their own payouts last year, increasing risk to the businesses, according to an analysis by Moody’s Ratings.The transactions, called dividend recapitalizations, have gained popularity among private equity firms who are looking for ways to cash in on their investments. Exits have become more difficult because economic uncertainty has slowed acquisition activity and the mark

Deutsche Bank AG’s US distressed products group more than doubled its net profits in the first quarter, partly driven by shorting a basket of software companies debts, according to people familiar with the matter.

Die US-Sparte für Distressed-Produkte der Deutschen Bank hat ihren Nettogewinn im ersten Quartal mehr als verdoppelt. Ein wesentlicher Treiber waren Wetten gegen Anleihen von Softwareunternehmen, wie mit der Angelegenheit vertraute Personen sagten.

Centerbridge Partners-backed KIK Custom Products reported a 50% drop in fourth quarter earnings compared to a year earlier, in part as production facility inefficiencies resulted in lower volumes and higher costs for the maker of household cleaning products.

Freedom Forever, a once thriving residential solar installer, joins a growing list of bankruptcies as distress in the US clean energy sector deepens under an unfriendly Trump administration and hopes for buyouts fade.

Direct lenders including Blackstone Inc. and KKR & Co. are set to take control of struggling dental business Affordable Care and slash about 70% of the debt as part of a restructuring agreement, according to a person familiar with the matter.

About a quarter of companies that go through a distressed exchange event end up in so-called “hard defaults” such as bankruptcy or a missed payment, according to a Moody’s Analytics report.

Surging memory costs are pushing action-camera maker GoPro Inc. to the brink. The company, founded by Nicholas Woodman, warned of risks to its ability to continue as a going concern and is seeking financing to avert a default, according to a latest filing.