Investors turn risk-on for some junk debt but not all
Investors are showing more willingenss to dip their toes into junk-rated bonds.
Siobhan HodsonNovember 10, 2023
U.S. Bankruptcy: WeWork Nets First Day Approval, Seeks to Protect Customer Identities; Landlords Attempt to Depose CEO
WeWork won interim approval from Judge John Sherwood of the New Jersey Bankruptcy Court for all…
Siobhan HodsonNovember 10, 2023
Lumen: Updated Views on TSA
This report contains a summary of the pending LME transactions, its impact (if the transactions…
Siobhan HodsonNovember 9, 2023
U.S. Trendlines: New-Issue Private Credit Covenants Strengthen in YTD, with Cov-Lite Share Down
Covenant protections for new-issue private credit loans (PCs) have improved in 2023 amid tighter lending…
Siobhan HodsonNovember 9, 2023
WeWork’s multibillion rescue couldn’t save it from office bust
Costly leases proved too much even after the coworking firm secured debt relief.
Siobhan HodsonNovember 6, 2023
Deutsche Bank sweetens deal to seal zombie bond tweaks
Investors voted to alter the rate used to calculate coupon payments to the SOFR.
Siobhan HodsonNovember 6, 2023
WeWork landlords could see steep losses on any rejected leases in bankruptcy
Filing for bankruptcy may allow WeWork to cherry pick office leases.
Siobhan HodsonNovember 6, 2023
New Swiss rules set to spur $20 billion junior bond overhaul
Insurance companies in Switzerland are set to repay billions in mostly discounted old-style bonds.
Siobhan HodsonNovember 6, 2023
U.S. Bankruptcy: Secured Creditor Lavvan Appeals Amyris DIP to District Court
Amyris secured creditor Lavvan has appealed to the U.S. District Court for the District of Delaware…
Siobhan HodsonNovember 2, 2023
U.S. Special Situations: SVP Lenders Tap Counsel
SVP Worldwide’s term loan lenders have been consulting with counsel from Paul Hastings amid concerns the…
Siobhan HodsonNovember 2, 2023