Leveraged Loan Insight & Analysis – 4/18/2016

Exploration and production companies continue to feel the crunch from low oil prices, which began their slide in mid-2014.  While oil prices have rebounded from this year’s February lows, the uplift is facing major headwinds as OPEC members and Russia recently announced they wouldn’t freeze production.  Many companies have filed for bankruptcy and more are expected to default if prices remain at low levels. Many issuers are seeing a reduction in