Updated

Updated · Bloomberg · Jun 3

GoldenTree's Tananbaum Flags Distressed Credit Openings in Telecom, Software After 40 Years

Updated

Updated · Bloomberg · Jun 3

GoldenTree's Tananbaum Flags Distressed Credit Openings in Telecom, Software After 40 Years

1 articles · Updated · Bloomberg · Jun 3

GoldenTree founder Steven Tananbaum said distressed-credit opportunities are emerging in telecom and software, especially where capital structures look mispriced.
Debt-equity valuation gaps are driving the setup: some companies' shares have sunk while their debt has held up far better, creating openings across the capital structure.
Comcast, Charter Communications and Cable One were among the names he highlighted as sectors to watch for those mismatches.
Tananbaum tied the opportunities to fundamental business-model pressure in cable and software, suggesting stress is becoming structural rather than purely cyclical.

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