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
Altice France Bonds Continue to Slide as Advisors Size Up Mandate Opportunities; Drahi Burning Bridges with Bond Investors, Says CreditSights
Our reporters examine the impact of Altice France's aggressive new stance. Altice France's bonds…
Siobhan HodsonMarch 21, 2024
Enviva bankruptcy plan allows for $1bn in debt post-emergence; bonds rally more than 10 points — Quick Take
Related Documents: RSA Motion for Post-petition Financing Declaration of Glenn Nunziata Enviva’s chapter 11 filing…
Siobhan HodsonMarch 15, 2024
Spirit Airlines ‘Triple Dip’ Analysis
Situation Overview: Spirit Airlines’ recently blocked merger with JetBlue, together with ongoing cash burn has set the ultra…
Siobhan HodsonMarch 15, 2024
US/EMEA Special Situations: Loparex launches coercive exchange offer to left-out lenders; ad hoc group commits to new money portion of super-priority loan
Industrial liner maker Loparex is in the market with a coercive exchange offer targeting left-out creditors after the…
Siobhan HodsonMarch 8, 2024
US Private Credit: Bowflex files for bankruptcy with $25mn DIP from SLR Credit Solutions
Bowflex filed a chapter 11 petition in the New Jersey bankruptcy courts with a $25mn DIP…
Siobhan HodsonMarch 8, 2024
Market Alert: Beware the One Page Investment Bank Summary of Flex Terms
Overview In large cap syndicated leveraged loans, there are often changes made to the credit…
Siobhan HodsonMarch 1, 2024
U.S. Market Commentary: Spreads in HY Set to Retest Pandemic-Era and Post-GFC Tight of 301bps
The following is an excerpt from today's report from LFI partner publication CreditSights, titled "Makes Me Wonder: Prior…
Siobhan HodsonMarch 1, 2024
CR TrendLines Topical Report: New-Issue Private Credit Terms Trended Sideways in 2023; Cov-Lite Share Falls
Covenant protections for new-issue private credit loans (PCs) flatlined in 2023 compared with 2022 even…
Siobhan HodsonFebruary 15, 2024