The Sports Authority Inc. is facing a default or distressed debt exchange as borrowings by the retailer of sporting goods overwhelm its earnings, Moody's Investors Service said.

BING NEWS:
  • Leap defaults on $10M loan linked to stalled housing in San Francisco
    Leap Development has defaulted on a $10 million loan linked to a half-acre lot approved for a 127-unit housing complex in San Francisco’s South of Market.
    05/3/2024 - 8:30 am | View Link
  • Blue Owl Sees Credit Resilience Despite Growing Default Fears
    The co-head of alternative asset manager Blue Owl Capital said private-credit firms are in good shape to withstand a sharp rise in loan defaults, despite fears the young market has yet to be tested by ...
    05/2/2024 - 11:10 am | View Link
  • First loan under Biden’s transit-oriented development push goes to town north of Seattle
    Despite initial hiccups, interest is “growing very fast” for loans, said Build America Bureau executive director Morteza Farajian.
    05/1/2024 - 6:55 am | View Link
  • NYCB loan defaults surge 400% as rent-stabilized buildings bleed
    New York Community Bank on Wednesday reported defaulted loans totaled $800 million in the first quarter — a near 400 percent increase.
    05/1/2024 - 4:51 am | View Link
  • Mass. Gov. Healey weighs ‘different scenarios’ as Steward stares down loan deadline
    "I’ve spoken before about who’s at fault here, and the leadership of Steward," Gov. Maura Healey told business leaders in Boston on Tuesday.
    04/30/2024 - 8:17 am | View Link
  • More

 

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