Myer approached by distressed debt experts, lenders – The Australian Financial Review

Distressed debt experts and investors are approaching Myer offering to help refinance banking facilities as the beleaguered department store retailer moves closer to appointing a new chief executive. Sources close to Myer say boutique financial adviser Houlihan Lokey  which helped restructure about $500 million of debt at South African retailer Edcon in 2016 and is advising lenders to heavily indebted US department…

American Financial Benefits Center on the Benefits of Debt on the Economy and IDRs on Federal Student Loan … – PR Newswire (press release)

EMERYVILLE, Calif., April 17, 2018 /PRNewswire/ — Debt is often considered a bad word, often in personal finances. However, debt can help the economy grow. For example, car loans put money into the car industry, which benefits all the workers in the auto supply chain. Credit card purchases keep food, travel and retail industries going. Student loans…