Non-Distressed Debt
Non-Distressed debt includes first lien bank debt, unsecured corporate debt which the firm believes will be serviced without restructuring, and structured credit products. These highly complex products often involve analyses of multiple layers of securitization and are not well understood by many investors. C12’s expertise in these products allows the firm to identify attractive relative-value situations where securities can be mispriced significantly. The firm’s opportunistic approach and experienced team enable C12 to delve deeply and quickly into areas of the credit markets which are under pressure or suddenly present interesting opportunities.