CreditSights News & Blog

EMEA Special Situations: Negotiations between Altice France and its creditors could put the group back on a stable footing with leverage at or below ~4.5x, says CreditSights LevFin Insights

EMEA Special Situations: Negotiations between Altice France and its creditors could put the group back on a stable footing with leverage at or below ~4.5x, says CreditSights

Negotiations between Altice France and its creditors are "a positive thing" that could put the telecoms business…

Nora FancsalszkyArticle published date: September 19, 2024

US Bankruptcy: Incora bondholders claim tortious interference over 2022 uptier deal; Black Rock, J.P. Morgan respond LevFin Insights

US Bankruptcy: Incora bondholders claim tortious interference over 2022 uptier deal; Black Rock, J.P. Morgan respond

Related documents: Bondholder Brief Defendant Brief Incora 2024/2026 minority bondholders have filed a brief in support…

Nora FancsalszkyArticle published date: September 19, 2024

US Secondary: Medical Properties Trust bonds, equity jump after settlement with Steward LevFin Insights

US Secondary: Medical Properties Trust bonds, equity jump after settlement with Steward

Bonds backing Medical Properties Trust were up this morning after the REIT reached an interim settlement deal…

Nora FancsalszkyArticle published date: September 12, 2024

US Secondary: DISH, Hughes bonds rally on report of DISH lawsuit settlement talks, possible 2024 bond maturity extension LevFin Insights

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 LevFin Insights

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 LevFin Insights

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 LevFin Insights

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 LevFin Insights

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 LevFin InsightsPrivate Credit

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 LevFin InsightsSpecial Situations

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 LevFin InsightsSpecial Situations

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

SVB Financial Reveals IRS Tax Liability of $650mn, Signaling More Delays LevFin InsightsSpecial Situations

SVB Financial Reveals IRS Tax Liability of $650mn, Signaling More Delays

SVB Financial filed a notice of developments detailing an amended proof of claim by the IRS.…

Siobhan HodsonArticle published date: June 11, 2024

US Special Situations: Del Monte launches exchange, new money TL; premium treatment allotted to ad hoc group LevFin InsightsSpecial Situations

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

CreditSights Dashboards: Revolutionize Your Investment Analysis Blog

CreditSights Dashboards: Revolutionize Your Investment Analysis

At CreditSights, we are constantly striving to enhance our offerings and provide our clients with…

Siobhan HodsonArticle published date: August 9, 2024

US Weekly: Bull Steepened into a Bearish Market Special SituationsStrategy

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 LevFin InsightsSpecial Situations

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 LevFin InsightsSpecial Situations

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 LevFin InsightsSpecial Situations

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 LevFin InsightsSpecial Situations

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 CreditSightsSpecial Situations

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