Introducing Covenant Review’s “Deals at a Glance”
Our essential one-page snapshots of key financial insights, provide you with a quick summary of…
Siobhan HodsonFebruary 12, 2024
US/EMEA Special Situations: McDermott’s marathon Restructuring Plan hearing starts in High Court, with Reficar pushing back on $1.3bn claim wipe-out; liquidity problems an issue as advisory bill tops $150mn
A bid by engineering giant McDermott International to avoid paying ~$2bn in arbitration claims via a UK…
Siobhan HodsonFebruary 9, 2024
US Bankruptcy: WeWork notifies court of mounting liquidity woes, provides update on landlord talks
WeWork provided Judge John Sherwood with an update on its landlord negotiations and notified the court of…
Siobhan HodsonFebruary 9, 2024
EMEA Special Situations: What next for Adler’s victorious 2029 bondholders?
LFI has spoken to a number of leading UK restructuring lawyers to ask what happens…
Siobhan HodsonFebruary 2, 2024
US Bankruptcy: Incora CFO grilled by Kobre Kim over the LME transaction
Tensions ran high in the Southern District of Texas courtroom this afternoon as Incora CFO Raymond Carney faced…
Siobhan HodsonFebruary 2, 2024
US Special Situations: Lumen Technologies debt jumps as markets react to amended TSA with a broader group of creditors
Debt backing Lumen Technologies has been active this morning, with its secured debt jumping while its unsecured…
Siobhan HodsonJanuary 26, 2024
Bestwall: The Texas Two-Step Gets Political
Executive Summary This note explores how Bestwall LLC, a Georgia Pacific subsidiary with over 64,000…
Siobhan HodsonJanuary 26, 2024
EMEA Insight: Too small for the limelight, too risky for most, Europe’s lower mid-market is wide open for business in 2024
Direct lenders in Europe’s lower middle market are sitting pretty going into 2024. While their…
Siobhan HodsonJanuary 19, 2024
U.S. Secondary: DISH Bonds Plunge in Huge Volume as EchoStar Evaluates Strategic Alternatives and Carves Out Wireless Spectrum Asset Transfer to Subsidiary to Enhance Liquidity Transactions
Debt backing DISH Network was significantly lower in high-volume trading this morning after EchoStar announced that it…
Siobhan HodsonJanuary 11, 2024
U.S. Market Commentary: Distressed Exchanges May Be on Tap and New Spectrum-Backed Deal Expected after Substantial Assets Shift in Dish/EchoStar, Says CreditSights/Covenant Review in Joint Research
LFI partner publications CreditSights and Covenant Review today authored a joint report to describe the Dish/EchoStar transaction announced today, discuss what…
Siobhan HodsonJanuary 11, 2024