Avenue Capital's Marc Lasry Sees a Phenomenal Buying Opportunity in Energy

Senior-secured debt creates opening for patient investor

Author's Avatar
Oct 13, 2015
Article's Main Image

Hedge Fund star Marc Lasry thinks that the senior-secured debt of North American energy producers presents an incredible opportunity today.

Lasry points to the fact that this debt is trading at 40 cents to 50 cents on the dollar.

Debt that previously yielded 7% or 8% is now yielding closer to 16%.

He believes this is a great opportunity for the patient investor.