Ridgefield, CT -- February 11th 2008 -- Xtract Research LLC, www.xtractresearch.com ,  is pleased to announce the official launching of its Credit Agreement Service as a follow on to its widely used Indenture Service.  

This service provides access to a highly organized database of Credit Agreements, Amendments, Cross Collateral Agreements and other public loan documents. Xtract’s analysts bookmark critical key terms of the loans, key covenants, default events, leverage ratios, liens, pledge agreements and more, to provide easy navigation and fast analysis. In addition, users have the ability to add notes, highlights or bookmarks to the document as well as upload additional documents to create their own virtual proprietary database. The investor can focus on the value added analytical process, not on searching for documents. Xtract’s Indenture service is widely used by institutional investors in the fixed income markets, particularly convertible bonds.

“As the credit crisis contagion has spread from subprime and seized the corporate debt markets, access to key documents and the ability to efficiently navigate them is critical,”  said Michael Knox, the founder of Xtract Research and a former High Yield and Convertible hedge fund manager. “This is not a time when people can get away with not doing the work and not reviewing these critical documents.” he added.

Xtract Research also captures amendments and supplemental indentures critical to timely credit analysis. It is the amendment that often erodes or enhances investor protections.

Nervous corporate investors are re-examining investments made in LBO debt, covenant-lite 2nd liens, leveraged loans and high yield debt. Savvy investors examine indentures and credit agreements, the legal governing documents of their investments, to avoid the disasters that befell the mortgage backed market and certain areas of the loan market. “Recent events have driven home the point that the devil is in the detail when doing credit research” said Michael Murphy, Xtract’s Head of Global Sales. It has never been more important to have the ability to quickly access and navigate critical corporate documents.
 
About Xtract Research

Xtract Research is a privately owned company that was formed for the purpose of streamlining the process of accessing and navigating critical investment documents, such as bond indentures, supplemental indentures and bank loan documents, for institutional investors.  Its services empower analysts, traders and portfolio managers with the tools necessary to quickly and efficiently navigate these key documents critical to the investment process.  Its clients include many of the world’s largest hedge funds and investment banking firms in the United States and Europe.

CONTACT:  Michael D Murphy, Global Head of Sales  203 599 1000 This email address is being protected from spam bots, you need Javascript enabled to view it

Website:  www.xtractresearch.com

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