Is distressed debt an old-fashioned notion?

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Traditional cycles may be a thing of the past – what matters is having the skills to take advantage of challenging situations.

To say there’s no such thing as distressed debt any more perhaps suggests the kind of over-optimism associated with the claim that first emerged in the dotcom era that companies no longer needed to be making money to justify sky-high valuations. But, at our PDI Debt Week last week, Ivelina Green, founder and chief investment officer of Pearlstone Alternative, questioned whether the word “distressed” was becoming increasingly outdated.