Illegal Activity
none
Blackmail
none
Date
2018-01-03
Document Type
report
Model
gemini-2.0-flash-001
Processed
2026-02-07T18:41
Summary
This document is a credit analysis report from Deutsche Bank Securities Inc. regarding DJO Global's bonds. It rates the 8.125% 2nd Lien bonds as a 'Buy' and the 10.75% 3rd lien bonds as a 'Hold', citing potential risks and rewards based on DJO's strategic plan and market conditions.
Metadata
- Subject
- HY Corporate Credit, HY Multi Sector.Media. Cable & Satellite, DJO Global f(£NMC) 3.125% 2nd Liens
- Sender
- —
- Recipients
- —
- Document ID
- DB-SDNY-0086670, SDNY_GM_00232854
- Date
- 2018-01-03
Relationships 1
| Entity 1 | Relationship | Entity 2 | Description |
|---|---|---|---|
| DJO Global | Financial Analysis | Deutsche Bank Securities Inc. | Deutsche Bank Securities Inc. is providing a credit rating and analysis of DJO Global's bonds. |
Notable Quotes 2
We rate the 8.125% 2nd Lien bonds Buy and the 10.75% 3rd lien bonds Hold.
We believe a Yield to Most Likely (YTML) of 18.03% on the 8.125% bonds is attractive for risk at the 2nd lien level.
Financial Information
Amounts:3.125%8.125%10.75%18.03%94.510.03%S813.1 mm
Assets:
- DJO Global's 3.125% 2nd Liens
- 8.125% 2nd Lien bonds
- 10.75% 3rd lien bonds
Transactions:
- Analysis of DJO Global's 3.125% 2nd Liens
- Rating of 8.125% 2nd Lien bonds as Buy
- Rating of 10.75% 3rd lien bonds as Hold
- Discussion of Yield to Most Likely (YTML) of 18.03% on the 8.125% bonds
- Discussion of Yield to Worst (YTW) of 10.03% on the 2nd lien bonds at an offer price of 94.5
- Expectation that DJO would refinance all of its bank and bond at the same time towards the end of 2018
- Discussion of DJO's NOLs (federal NOLs were S813.1 mm at 12/31/16)
Raw Analysis JSON
click to expand
Themes
Financial transactions/money flowBusiness dealings
Organizations 4
HY Corporate CreditHY Multi Sector.Media. Cable & SatelliteDJO GlobalDeutsche Bank Securities Inc.
Text Analysis
- Tone
- Professional
- Purpose
- To provide a credit rating and analysis of DJO Global's bonds.
- Significance
- The document provides an investment recommendation for DJO Global's bonds, highlighting both the potential risks and rewards.
File Info
- File Name
- EFTA01385386.txt
- Dataset
- dataset_10
- Type
- Text
- Model
- gemini-2.0-flash-001
- Processed
- 2026-02-07T18:41:11.992360
- DOJ Source
- View on DOJ