Completed distressed and bankruptcy restructuring activity totaled $22 billion in the first quarter of the year, which marks a 6.8% decline from the same period in 2013, according to Thomson Reuters. The number of completed transactions totaled 52, a 49.5 percent reduction from Q1 2013.
U.S. distressed and bankruptcy deal activity totaled $4.5 billion in the first quarter, a 26.2 percent decreased from the same period last year. There were 22 restructuring transactions announced in Q1, a 51.1% drop from the previous year. The materials sector was the leading distressed sector in the U.S. in Q1 with a 66% share of the domestic restructuring market.