Executive Summary Never much trusted by the HY market, Patrick Drahi’s Altice team plumbed new depths in laying out the bones of a coercive plot for creditor burden-sharing. Threatening creditors with…
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Related Documents: RSA Motion for Post-petition Financing Declaration of Glenn Nunziata Enviva’s chapter 11 filing in the Bankruptcy Court for the Eastern District of Virginia outlines plans to undertake a balance…
Situation Overview: Spirit Airlines’ recently blocked merger with JetBlue, together with ongoing cash burn has set the ultra low-cost carrier careening toward a liquidity shortfall ahead of more than $1.1bn of debt maturities next year. With…
Industrial liner maker Loparex is in the market with a coercive exchange offer targeting left-out creditors after the company secured commitments from the first-lien ad hoc group to fund a $135mn new money portion of…
Bowflex filed a chapter 11 petition in the New Jersey bankruptcy courts with a $25mn DIP loan from incumbent lender SLR Credit Solutions, which provided the company an initially $30mn loan…
Covenant protections for new–issue private credit loans (PCs) flatlined in 2023 compared with 2022 even as the broadly syndicated market saw tighter terms amid less constructive conditions. On average, the…
In our quest to continuously innovate and provide insightful tools for the fixed income market, we are proud to introduce CoreScores—a sophisticated analytical feature designed by our analysts to enhance…
A bid by engineering giant McDermott International to avoid paying ~$2bn in arbitration claims via a UK Restructuring Plan started at the High Court today, in what is arguably the biggest and…
WeWork provided Judge John Sherwood with an update on its landlord negotiations and notified the court of its tight liquidity situation during a status conference in the New Jersey Bankruptcy Court today. The debtor, advised…
LFI has spoken to a number of leading UK restructuring lawyers to ask what happens next after Adler’s dissenting 2029 bondholders won their appeal in the High Court – which…