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0 -0.00340425531914886 0.00851063829787246 0.0119148936170213 0.0228510638297873 0.017872340425532 0.0443659574468085 0.0425531914893617
Stock impact report

US credit whale is already bailing out levered companies [MSN Money]

Surgery Partners, Inc. (SGRY) 
Last surgery partners, inc. earnings: 3/5 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: ir.surgerypartners.com/investor-overview
Company Research Source: MSN Money
Long before the coronavirus pandemic would bring busins to a standstill all across America, Surgery Partners Inc., a sprawling network of outpatit clinics, already had its share of financial problems.Load ErrorThis was no secret on Wall Street. Surgery Partners’s majority owner, the buyout firm Bain Capital, had loaded so much debt onto the company’s books that wh it wt to the market last year to refinance maturing bonds, invtors demanded a 0% intert rate to compsate them for the risk. The debt was rated CCC, or eight levels below invtmt grade.Ev a moderate downturn, it was understood, was going to raise existtial qutions about the company. So by late March, with the economic effects of the outbreak in full force, frantic invtors braced for default, pushing the price of those bonds below 55 cts on the dollar.But th the Federal Rerve did something it had never done before. It pledged to buy risky corporate debt as part of its emergcy financing package for the economy. The move was so a Show less Read more
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