TIME TO CUT?
The quantum of ARCs was $145 billion on September 6, 2024. This is down significantly from a peak over the last year of $382 billion last October, as the market eagerly anticipates interest rate cuts by the Fed at their next meeting September 17-18.
The average level of ARCs over the last twelve months is $217 billion. Liability management transactions continue to be a popular balance sheet strategy for highly leveraged companies, combined with headcount reductions and other
operational improvement measures.
Steven Strom
Managing Director, Odinbrook Global Advisors
Wondering if your business is showing signs of distress? Our recent article, Clouds on the Horizon, shares how companies and their stakeholders can independently assess financial health and detect some common signs of financial stress and distress.
Want to receive email updates when a new ARC report has been posted? Sign up today.