Jefferies Financial Group Inc. has become a focal point in financial news as it prepares to raise approximately $600 million in the leveraged capital markets for Gulf Coast Ammonium, a manufacturer of specialty chemicals. This article explores the key aspects of this deal, its impact on the market, and the current situation surrounding high-yield bonds.
CEC Entertainment, known for its Chuck E. Cheese brand, is facing significant difficulties in attracting sufficient demand for its high-yield bonds totaling $660 million. This financing is necessary to refinance debt that is due next year. The leading banks involved in the deal, JPMorgan Chase & Co. and Goldman Sachs Group Inc., have struggled to secure enough investor interest.