Now, I saw, upon a time, when he was walking in the fields, that he was, as he was wont, reading in his book, and greatlydistressed in his mind; and, as he read, he burst out, as he had done before, crying, "What shall I do to be saved?"
2019 November 7, “Distressed debt funds are waiting for a downturn”, inThe Economist[2],→ISSN:
Funds that buy “distressed” debt, which typically yields ten percentage points or more over Treasuries, are becoming familiar villains.
2023 May 25, “What properties would Sam Zell invest in next?”, inThe Economist[3],→ISSN:
Sam Zell called himself “the Grave Dancer”, even though, as he explained, his penchant for buyingdistressed assets “wasn’t so much dancing on graves as …raising the dead”.
2023 December 16, “Musk told lenders they would not lose money on Twitter deal”, inFT Weekend, Companies & Markets, page10:
One multibillion-dollar firm that specialises indistressed debt called X's debt “uninvestable”.
