Feb 2026 Special Situations Research Highlights

Feb 2026 Special Situations Research Highlights

Jory M. Eisenberg, CFA, FRM: Senior Analyst, Special Situations - CreditSights
Winnie Cisar: Global Head of Strategy - CreditSights
Eric Axon, CFA: Co-Head of High Yield, Head of Healthcare - CreditSights
Davis Hebert, CFA: Co-Head HY Research, Head of Telecom/Media - CreditSights
Joshua Kramer: Senior Analyst, Special Situations - CreditSights
Peter Sakon, CFA: Senior Analyst, Special Situations - CreditSights
Nick Williams: Senior Analyst, Special Situations - CreditSights
Mark Lightner, Esq.: Head of Special Situations Legal Research - CreditSights
Ahsan Shaikh: Analyst - CreditSights
Hunter Martin, CFA: Head of Media/Cable - CreditSights

2 March 2026

Download the Full Report to gain insights on:
  • How special situations themes are evolving across documentation disputes, restructurings, and creditor negotiations.
  • What recent liability management activity signals for capital structure positioning and recovery expectations.
  • Which market stresses are reshaping investor focus across leveraged loans and high yield credits.
  • How select event-driven credits are developing across legal outcomes, tenders, and strategic transactions.
  • What to watch in active Chapter proceedings, including plan dynamics and debtor-in-possession considerations.

Executive Summary

CreditSights launched a monthly U.S. special situations review highlighting the most topical recent research. It offers a curated snapshot for event-driven and distressed investors across key credits and themes.

This inaugural edition broadens scope to include earlier topical reports alongside the latest highlights. Links guide readers to underlying notes and related company pages across products.

Coverage distills takeaways from documentation and litigation-driven outcomes shaping creditor rights. It also tracks how covenant language and court decisions can influence deal flexibility.

Liability management activity remains a core focus, including refinancing structures and potential collateral shifts. Situations like AMC and Xerox illustrate how capital structure engineering can evolve quickly.

Active Chapter processes and recovery-focused updates round out the report, including plan and DIP considerations. However, the review is intentionally selective and not a comprehensive market recap.

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