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Debtwire Expands Product Offering With Launch of Debtwire Middle Market(April 10, 2012)
NEW YORK, NY -- (Marketwire) -- 04/10/12 -- Debtwire, the leading provider of real-time intelligence, analysis and data on the distressed debt, leveraged finance and asset-backed markets around the world, today announced that it is expanding its coverage of middle market situations with the launch of Debtwire Middle Market (DW Middle Market). DW Middle Market will fall under the Debtwire North America coverage area but will be offered as a separate product to subscribers.
DW Middle Market will focus on high yield and unrated stressed, distressed and bankrupt companies that have funded debt of USD $150 million or less. Currently there are approximately 55 companies and growing -- both public and private -- that fit into the DW Middle Market criteria of coverage. These companies span across all sectors, including retail, media, oil & gas, and transportation. A secondary, post-launch initiative will focus on the undercovered space of primary loans for the middle market.
"After several months of BETA testing, we are extremely excited to be officially launching the DW Middle Market product," said Jonathan Reed, Managing Director of Debtwire. "When we initially began researching product expansion in 2010 our objective was to listen to what Debtwire's subscribers wanted. It was clear to us that many current and potential subscribers were looking for smaller situation coverage with the same high-quality reporting that Debtwire is known for. DW Middle Market will allow us to offer a larger scope of news stories while at the same time achieving a broader subscription base."
"The middle market represents a unique journalistic opportunity to bring stellar reporting to an underserved demographic," said Jonathan Berke, Editor of DW Middle Market. "There is so much attention focused on the larger situations in the marketplace that oftentimes the less financially significant stories get overlooked. DW Middle Market is committed to providing actionable information regarding the smaller companies to our subscribers. We look forward to establishing ourselves as a go-to source for middle market distressed situations."
Launched in 2003 by The Mergermarket Group, Debtwire is the only intelligence service that researches and reports on corporate debt situations before credit ratings are downgraded. The team at Debtwire is comprised of financial journalists and credit analysts, with considerable experience in trading, law, and investment banking. They are based around the globe, tracking and reporting on industry sectors in real-time. Our coverage is global, with separate products covering North America, Europe, CEEMEA, Asia-Pacific, Latin America, ABS and Municipals markets. For more information regarding Debtwire visit www.debtwire.com.
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