Private credit’s growth has for many institutional investors effectively raised the minimum tranche size in which they will invest, and this may create a unique opportunity for direct lenders hunting…
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The Bottom Line: Borrowers and issuers have been engaging in “Liability Management Transactions” with increasing frequency since the onset of the pandemic in 2020. This includes both more established types…
First-lien debt recovery prospect expectations have deteriorated for broadly syndicated (BSL) and middle market (MM) US corporate issuers, Fitch says in a new report. Recovery ratings fell within Fitch’s BSL…
Thames Water’s funding negotiations falter amid regulatory pushback. Negotiations to smooth the injection of a touted £500 mn equity injection, the first step in a more comprehensive funding package for…
Rite Aid has reached key agreements with stakeholders, advancing its “Rite 2.0” restructuring plan. Rite Aid counsel from Kirkland & Ellis announced to Judge Michael Kaplan of the Bankruptcy…
Our reporters examine the impact of Altice France’s aggressive new stance. Altice France‘s bonds have continued to slide this morning after the sell-off prompted by yesterday’s investor call, as…
Overview In large cap syndicated leveraged loans, there are often changes made to the credit agreement after the initial draft is posted for lender review purportedly based on lender feedback….
The following is an excerpt from today’s report from LFI partner publication CreditSights, titled “Makes Me Wonder: Prior HY Cycle Tights vs. Now,” with a graphical representation. The report is available in full…
Debt backing DISH Network was significantly lower in high-volume trading this morning after EchoStar announced that it has transferred some of DISH's wireless spectrum licenses to a newly formed subsidiary and engaged...
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LFI partner publications CreditSights and Covenant Review today authored a joint report to describe the Dish/EchoStar transaction announced today, discuss what might be the next steps and explain how Dish may have been able to execute...
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