Zero Hedge

Nortel already decided to pull the plug and set Lazard's plan for weekly trips to the slumdens of Toronto in motion.

Next on Deck are the following (di)stressed companies with coupon payments due today (this is not an exhaustive list):

AbitibiBowater - 15.5% Notes due 7/15/2015 and 10.6% Notes due 1/15/2011
Allis-Chalmers - 9.0% Notes due 1/15/2014
Ames True Temper - FRNs due 1/15/2012
Atlantic Broadband - 9.375% Notes due 1/15/2014
Charter Communications - 11.125% Notes due 1/15/2011 and 13.5% Notes due 1/15/2011
City of Kiev (Not Holding our Breath on This One) - 8.625% Notes due 7/15/2011
Clear Channel (CCU) - 4.5% Notes due 1/15/2010 and 5.750% Notes due 1/15/2013
Dillards - 6.625% Notes due 1/15/2018 and 7.75% Notes due 7/15/2026
Eurofresh - 11.5% Notes due 1/15/2013 and 14.5% Notes due 1/15/2014
Evergreen Solar - 4% Convertible Notes due 7/15/2013
Hovnanian - 6.5% Notes due 1/15/2014
HRPT Properties - 6.5% Notes due 1/15/2013
KKR Financial - 7% Convertible Notes due 7/15/2012
Kraton Polymers - 8.125% Notes due 1/15/2014
Levi's - 9.75% Notes due 1/15/2015
Linens N Things (Ooops, not holding breath here either) - FRNs due 1/15/2014
Macy's - 4.8% Notes due 7/15/2009; 5.75% Notes due 7/15/2014; 7.875% Notes due 7/15/2015; 7.45% Notes due 7/15/2017; 6.650% Notes due 7/15/2024; 6.790% Notes due 7/15/2027; 6.9% Notes due 1/15/2032; 6.7% Notes due 7/15/2034
Nexstar Communications - 7.0% Notes due 1/15/2014
Noranda Aluminum - 7.250% Notes due 7/15/2012
Nova Chemicals - 6.5% Notes due 1/15/2012
Primus Telecom - 8.0% Notes due 1/15/2014
Reckson Operating - 5.150% Notes due 1/15/2011
RH Donnelley - 6.875% Notes due 1/15/2013; 8.875% Notes due 1/15/2016
Sensata Tech - 11.25% Notes due 1/15/2014
Simmons (no breath holding here) - 7.875% Notes due 1/15/2014
Six Flags - 12.25% Notes due 7/15/2016
Stone Container (Smurfit) - 7.375% Notes due 7/15/2014
Trina Solar - 4% Convertible Notes due 7/15/2013
Univision - 7.875% Notes due 7/15/2011
Vought Aircraft - 8.0% Notes due 7/15/2011
Young Broadcasting - 8.75% Notes due 1/15/2014

We say at least 30% of these guys file. Either way it will be a busy day for back offices everywhere as fund flows (or lack thereof) are processed. We will keep a close eye out and will let you know in the next day or two just how the carnage plays out. Sphere: Related Content

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