FOMC Quick Take May 2024
Executive Summary: The Fed held its policy rate steady at 5.25-5.50%, as widely expected. The market…
Siobhan HodsonMay 3, 2024
JOANN unanimous confirmation support slices debt by half with DIP lenders in majority control
Related Documents: Chapter 11 plan Disclosure statement JOANN’s chapter 11 plan was confirmed today in the Delaware…
Siobhan HodsonApril 28, 2024
Adler set for restructuring round two as German real estate downturn lasts longer than expected; hopes to complete BCP stake sale by year-end
Adler CEO Thierry Beaudemoulin said on today's FY 2023 results call that adverse market conditions in…
Siobhan HodsonApril 28, 2024
Smaller Syndicated Loans Coming Due May Provide Fertile Ground for Direct Lenders’ Dealflow
Private credit’s growth has for many institutional investors effectively raised the minimum tranche size in…
Siobhan HodsonApril 19, 2024
Liability Management Transactions: Quarterly Update Through Q1 2024
The Bottom Line: Borrowers and issuers have been engaging in “Liability Management Transactions” with increasing…
Siobhan HodsonApril 19, 2024
First-Lien Debt Recovery Prospects Deteriorate for Broadly Syndicated and Middle Market Issuers, Fitch Says
First-lien debt recovery prospect expectations have deteriorated for broadly syndicated (BSL) and middle market (MM)…
Siobhan HodsonApril 12, 2024
Thames Water (Kemble): Uncharted Waters
Thames Water's funding negotiations falter amid regulatory pushback. Negotiations to smooth the injection of a…
Siobhan HodsonApril 5, 2024
RiteAid Strikes Deal with McKesson and DOJ, Paving Way for Rite Aid 2.0
Rite Aid has reached key agreements with stakeholders, advancing its "Rite 2.0" restructuring plan. …
Siobhan HodsonMarch 29, 2024
Altice France: Screens Painted Red by SFR
Executive Summary Never much trusted by the HY market, Patrick Drahi’s Altice team plumbed new…
Siobhan HodsonMarch 22, 2024
US/EMEA Insight: Floored by Altice’s new stance and with ‘trust broken’, lenders hunt for clarity on borrower’s deleveraging plans
Lenders in Europe were left horrified by Altice France’s change in stance this week, after the…
Siobhan HodsonMarch 22, 2024