Executive Summary of Today’s FOMC Announcement The Announcement As expected, no change to the overnight rate or Quantitative Easing Programs The Fed continues to project their next rate hike for 2023 The central bankers specifically remind the market that they will be content to let inflation run above 2% for sometime in order to allow […]

On Friday, Canada’s largest chain of movie theatres brought $250mm of 5y bonds to market with a coupon of 7.5%.  This financing should provide a bridge until theatre re-openings, offering Cineplex 12-18 months of operating liquidity. The Backstory. After suffering declining attendance for several years, in December 2019, Cineplex shareholders were offered some salvation when […]