Leading provider of actionable intelligence and research on the leveraged finance, distressed debt, corporate restructuring and CDS markets.

www.debtwire.com

Overview

Debtwire North America offers unparalleled coverage of companies in the High Yield, Distressed Debt and Leveraged Loan arenas, leading the market and mainstream media with its real-time updates on capital raises, ongoing restructurings and post-restructuring situations.This actionable intelligence enables professionals in the investment, trading and advisory communities to stay ahead of competitors and uncover new business opportunities.

THe DebTwire DiffereNceBecause Debtwire’s editorial approach is credit-specific rather than market-wide, our intelligence provides clients with practically applicable, first-mover news on companies in flux.

Our team of financial journalists and analysts is regularly ahead of the market in identifying Stressed, Distressed, Chapter 11, and Post-Restructuring companies and products—from large liquid credits to below-the-radar, middle-market deals.

As a result, Debtwire subscribers are often the first to know about key situations and issues in the High Yield, Distressed Debt, Leveraged Loan and Restructuring markets.

ON THe GO, ALwAYs cONNecTeDAll of Debtwire’s unrivalled intelligence can be delivered in customizable e-mail and mobile device alerts in real time or according to a client’s desired frequency. Because the alerts are tailored to each recipient’s company, sector and/or geographic preferences, they keep clients up to date on their markets of interest without bombarding their inboxes.

UNpArALLeLeD repOrTiNGDebtwire’s expert fixed income journalists analyze every relevant situation in the High Yield, Distressed Debt, Leveraged Loan and Restructuring markets to identify the most pertinent issues and deliver exclusive insight from highly reliable, informed industry sources. Clients receive market-critical intelligence on all key credit situations at an early enough stage to take action.

Areas of coverage include covenant compliance and amendments, debt refinancing, restructuring and inter-creditor negotiations, CDS changes, committee formation, advisory mandates, earnings updates, primary issuance, secondary market trading, regulatory and litigation.

cUsTOm-seArcH HisTOricAL DeALsDebtwire complements this coverage with a comprehensive restructuring Deals Database that dates back to 2005 and tracks restructurings with at least $150 million in debt from the day of filing. Clients can easily tailor their searches according to Debtor Details, Industry, Deal Type, Deal Financials, etc.

ON THe pULse Of GLObAL mArkeTsIn addition to Debtwire’s proprietary news, more than 3,000 global media sources are monitored daily by a team of multilingual financial reporters who analyze and translate the most relevant news, ensuring clients are fully informed about key issues and events before the market opens.

Debtwire is an invaluable resource that provides timely reporting and enables me to not only keep up on news regarding my clients but also generate new business leads.”

- Manager, Marotta Gund Budd & Dzera, LLC

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ANALYTics HiGHLiGHTs

follow the distress cycle of individual companies from the earliest signs of stress to emergence from restructuring

Keep abreast of major corporate events that affect liquidity and capital structure with our personalized e-mail and mobile device alerts

Utilize in-depth corporate balance sheets, tear sheets, company comparable analyses and other analytical tools to quickly learn the details of a company’s situation

Gain access to a wide range of financial instruments, in addition to covenants, bond and other debt documentation where available

Understand restructuring trends and the real issues impacting corporate credit

Access proprietary data that delivers unique insight on the restructuring environment and corporate credit, from the largest issuers of DIP loans to in-depth reports on the leveraged loan market

Stay on top of live work-outs with detailed Timetables updated in real time

Utilize our legal, financial and restructuring advisor profiles and fee information to efficiently leverage relationships in a specific restructuring situation

HOw DebTwire HeLps…

The investment/Trading communityLegal & financial Advisors and

restructuring & Turnaround practitioners

pe, investment banks, Leveraged finance & Law firms

• Stay ahead of competitors with Debtwire’s real-time delivery of potential windfalls and crucial risk management insight

• Learn about credits in distress before your competitors

• Uncover new business opportunities and gain foresight into a company’s restructuring strategy/value opportunities

• Benefit from focused, tailored alerts on specific companies, sectors and geographies that allow you to adjust incoming content to match any investment strategy

• Stay ahead of the market in identifying potential opportunities for restructuring and refinancing mandates

• Be the first to learn about potential refinancing and DIP loan opportunities

• Uncover new investment opportunities and gain insights across the corporate credit spectrum with our unrivalled editorial presence and market-moving intelligence

• Access the details of creditor groups and other advisors already involved

• Access proprietary intelligence on origination, structuring, pricing and competitor information for primary debt issuance (high yield bonds and leveraged loans)

Set up your customizable e-mail and mobile device alerts here

Type in a company to search for related intelligence, debt documents, balance sheets, work-out timetables and other proprietary financial analysis

Bond and other debt documentation can be downloaded where available

Debtwire.com: The Debtwire online interface is structured to follow the same evolutionary stages as a maturing credit. Each stage is assigned specific universe criteria.

5. Post RestRuctuRing:

Any company that has been restructured during the last two years. We track these situations looking for capital markets and M&A activity

6. timetable:

Database of upcoming credit events searchable by industry, country, event type, universe and month

7. miDDle maRket

Debtwire Middle Market covers high-yield/unrated, stressed, distressed and bankrupt public and private companies in the U.S. and Canada with funded debt of USD 150m or less. Modeled after Debtwire’s online interface, the Middle Market database is also divided into the same evolutionary stages of a maturing credit, providing credit-specific actionable intelligence, potential and past M&A analysis, access to in-depth corporate documents and other analytical tools

8. PRimaRy issuance:

Primary Issuance tracks new high yield bond and syndicated leveraged loan deals above USD 150m beginning in July 2009. The data only includes USD denominated debt for companies domiciled in North America, with speculative grade ratings from both S&P and Moody’s. The information is derived from a combination of Debtwire reporting, U.S. Securities and Exchange Commission documents and company press releases

9. leVeRageD loan/HigH yielD:

Issuers rating < Moody’s Baa3/ S&P’s BBB-, capital structure contains at least USD 300m of loans or USD 200m of bonds, minimum 4x total leverage

10. Debt matuRity:

Taken from our Balance Sheet analysis, a list of all significant (>$100m) debt maturities during the next 18 months from the universe of Stressed through Post Restructuring companies (does not include all High Yield)

1. stResseD Debt:

Yielding < Barclays HY+ 200bps subject to technical and macroeconomic conditions, asset valuation, liquidity runway, credit metrics

2. DistResseD Debt:

Yielding ≥ Barclays HY+ 200bps subject to technical and macroeconomic conditions, asset valuation, liquidity runway, credit metrics

3. PRe-RestRuctuRing:

1. Appointment of financial/restructuring advisors in view of restructuring

2. Commencing negotiations with creditors3. Interest / Amortization / Maturity payment

default (with the exception of extension of grace period by Trustee)

4. Declaration of Event of Default (technical or otherwise)

4. cH11-RestRuctuRing:

Bankrupt / Insolvent or discounted exchange terms agreed in principle

Perform a phrase or keyword search to filter through Debtwire’s intelligence and find exactly what you’re looking for

w w w . d e b t w i r e . c o m

Debtwire has become an indispensable part of the entire department’s daily routine. Rather than simply “Google” a credit and then cross-filter information of uncertain accuracy from numerous sources, Debtwire is the one-stop service we use. Debtwire’s coverage of active Chapter 11 bankruptcy cases is also critical when getting up-to-speed in a short amount of time is required. Debtwire is a valuable tool for all professionals working in the distressed space.”

- Partner, Quinn Emanuel Urquhart & Sullivan, LLPte

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intelligence interface: Become an expert on any situation with instant access to market-leading news, important deal relationships, tear sheets, balance documents and a backlog of related intelligence.

Opportunities go live on Debtwire.com throughout the day, each with an exact time stamp, to keep clients up-to-date on the latest developments

Click on a headline for instant access to the full article and other related proprietary intelligence offerings

One-click access to tear sheets, balance documents, etc., provides the complete story on any company

A relationships box identifies all relevant issuer, advisory and other relationships, in addition to related intelligence for each

Each opportunity is also categorized by related Topic(s), which appear under the Current Issues glossary on the homepage

with the largest network of dedicated financial journalists based in 65 locations throughout the world, Debtwire is the most comprehensive provider of actionable intelligence and research on fixed income markets across the globe.

Debtwire’s team is comprised of highly specialized fixed income journalists and analysts with backgrounds in credit analysis, trading, law, investment banking and industry.

Our customizable real-time alerts ensure clients receive Debtwire’s market-leading news before the competition and ahead of situations that may impact liquidity or capital structure.

for further information, please visit us at:

www.debtwire.com

www.debtwire.com11 West 19th Street, 2nd FloorNew York, NY 10011USA

t: +1 212 686 5277f: +1 212 686-2664sales.us@debtwire.com

80 StrandLondon, WC2R 0RLUnited Kingdom

t: +44 (0)20 7059 6188f: +44 (0)20 7059 6101sales@debtwire.com

Suite 2401-3Grand Millennium Plaza181 Queen’s Road, CentralHong Kong

t: +852 2158 9700f: +852 2158 9701sales.asia@debtwire.com

Part of The Mergermarket Group