This Case is about COSTS

PUBLICATION DATE: September 07, 2011 PRODUCT #: CU38-PDF-ENG

Taking Advantage of Market Opportunities in the Credit Crisis Cengage Learning case solution

The the winter of the year 2009 presented disputes for an extremely levered supplier of textbooks Cengage Learning and professional materials that was carved out of Thomson Reuters through a 2007 LBO. Its pricing ability had not only de-escalated, but its standard bonds had dropped to a degree that in normal years would suggest a value that was distressed. However paired with these issues arrived a chance to lessen debt amid dislocations in the high yield and leveraged loan markets. In this instance pupils study stuff including the capital structure and debt retrieval evaluation of Cengage to produce a pitchbook urging whether the firm should pursue debt repurchases, a debt-for-debt exchange, or keep its present position.

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