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US Secondary: DISH, Hughes bonds rally on report of DISH lawsuit settlement talks, possible 2024 bond maturity extension
Trading in DISH DBS gained steam this afternoon, with bonds across the capital structure moving higher following…
Sara LawalArticle published date: September 5, 2024
US Special Situations: Carestream Dental secures eleventh hour direct lending deal to address 2024 1L debt; 2L holders take control of equity
Carestream Dental recently locked in last-minute financing from direct lender General Atlantic Credit to help address its $489mn first-lien…
Sara LawalArticle published date: September 3, 2024
US Special Situations: Lions Gate bondholder files lawsuit over May 2024 debt exchange in NY Supreme Court
Related document: Complaint Lions Gate bondholder CPP Investments has filed a lawsuit in the New York…
Sara LawalArticle published date: August 29, 2024
US Special Situations: Multiplan motion to dismiss in Adventist case tabled; judge sets date to appoint leadership in MDL
A ruling on Multiplan’s motion to dismiss in the Adventist Health case, filed in December of last year, faces further delays…
Sara LawalArticle published date: August 29, 2024
US Insight: M&A/LBO loan volume set to accelerate this autumn as forward calendar hits $39bn
With M&A/LBO activity accelerating over the past couple of months, the leveraged loan forward calendar…
Siobhan HodsonArticle published date: August 16, 2024
EMEA Insights: ‘Freebie baskets’ gain foothold in private credit contracts as sponsors seek further debt flexibility
Europe’s private equity sponsors want private credit lenders to give them greater flexibility to increase…
Siobhan HodsonArticle published date: August 23, 2024
Bayer/Monsanto: Big Win; Potential Circuit Split
Executive Summary On August 15, 2024, the U.S. Court of Appeals for the Third Circuit…
Mary-Jo MachelArticle published date: August 16, 2024
EMEA Press: Altice proposes to buy back debt at 60% to 70% of its value
Faced with 200 Altice creditors that have joined forces to bring pressure to the debt…
Mary-Jo MachelArticle published date: August 16, 2024
US Special Situations: Del Monte launches exchange, new money TL; premium treatment allotted to ad hoc group
Del Monte launched its long-awaited financing deal to its broader group of lenders over the weekend,…
Sara LawalArticle published date: August 5, 2024
US Weekly: Bull Steepened into a Bearish Market
Executive Summary Treasury Markets: Treasury yields declined materially across the bull steepened curve following dovish…
Sara LawalArticle published date: August 5, 2024
US Bankruptcy: Express chapter 11 plan proposes to pay unsecured creditors 10%-15%, secured claims in full
Related documents: Chapter 11 Plan Disclosure Statement Express has filed its chapter 11 plan and accompanying…
Sara LawalArticle published date: August 1, 2024
US Secondary: WW bonds collapse as Q2 earnings disappoint, outlook for FY 2024 softens
WW International (aka Weight Watchers) debt fell yesterday leading into today’s Q2 2024 earnings report and…
Sara LawalArticle published date: August 1, 2024
US Bankruptcy: Red Lobster judge approves disclosure statement; rules on third-party opt-out provision
Related documents: Disclosure Statement UST Objection Red Lobster gained conditional approval from the Middle District…
Siobhan HodsonArticle published date: July 26, 2024
US Special Situations: Belk completes deleveraging transaction – Press Release
Press release: CHARLOTTE, N.C.--(BUSINESS WIRE)--Belk, Inc. (“Belk” or the “Company”), a privately-owned department store with nearly…
Siobhan HodsonArticle published date: July 23, 2024
Monsanto/Bayer: Aspirin Is No Cure for Purdue
Executive Summary We have previously discussed that Monsanto has considered using the Texas Two-Step liability…
Sara LawalArticle published date: July 18, 2024
US Bankruptcy: Chicken Soup for the Soul Converts to Chapter 7 Amid Insufficient Funds
Chicken Soup for the Soul (CSSE) converted its chapter 11 case to a chapter 7 liquidation…
Siobhan HodsonArticle published date: July 11, 2024
Department Stores: More for Macy’s, NMG Sells Out
Fireworks, hot dogs, flags, private department store deals? The news/chatter calendar was surprisingly active on…
Siobhan HodsonArticle published date: July 5, 2024
US Bankruptcy: Chicken Soup for the Soul first-day bankruptcy hearing delayed amid payroll delinquency and creditor disputes
Chicken Soup for the Soul Entertainment Inc. (CSSE), the parent company of Redbox, was directed by…
Siobhan HodsonArticle published date: July 1, 2024
SCOTUS Opens Floodgates to Regulatory Litigation?
Executive Summary On June 28, 2024, the U.S. Supreme Court overruled its 1984 landmark decision…
Siobhan HodsonArticle published date: July 1, 2024
U.S. Supreme Court Rejects Third-Party Releases
Executive Summary On June 27, 2024, the Supreme Court held, in an appeal arising out…
Sara LawalArticle published date: June 28, 2024
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