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
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
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
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
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