CreditSights News & Blog

US Bankruptcy: Ligado Networks blames U.S. government for liquidity woes, seeks $939mn DIP – Quick Takes LevFin InsightsNews Feature

US Bankruptcy: Ligado Networks blames U.S. government for liquidity woes, seeks $939mn DIP – Quick Takes

Related Documents: Declaration of Douglas Smith CEO Motion to Approve DIP Ligado Networks' prearranged chapter 11…

Sara LawalArticle published date: January 6, 2025

US Bankruptcy: JOANN files ‘chapter 22’ bankruptcy in Delaware just eight months after exiting first restructuring; Gordon Brothers to lead auction with liquidating bid News FeatureLevFin Insights

US Bankruptcy: JOANN files ‘chapter 22’ bankruptcy in Delaware just eight months after exiting first restructuring; Gordon Brothers to lead auction with liquidating bid

Related documents:  Petition First day declaration Cash collateral motion Bid procedures motion Eight months after…

Nora FancsalszkyArticle published date: January 15, 2025

US Bankruptcy: Tupperware files chapter 11 plan following Dechert-led group credit bid transaction News FeatureLevFin Insights

US Bankruptcy: Tupperware files chapter 11 plan following Dechert-led group credit bid transaction

Related Documents: Disclosure Statement Chapter 11 Plan Tupperware filed its chapter 11 plan and disclosure statement…

Nora FancsalszkyArticle published date: January 15, 2025

Introducing Covenant Review’s “Deals at a Glance” BlogCompany Announcements

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 HodsonArticle published date: February 12, 2024

Introducing CoreScores: Your Comprehensive Credit Quality Compass BlogCompany Announcements

Introducing CoreScores: Your Comprehensive Credit Quality Compass

In our quest to continuously innovate and provide insightful tools for the fixed income market,…

Siobhan HodsonArticle published date: February 14, 2024

CreditSights’ Co-Head Erin Lyons Honored with Excellence in Research Award at Markets Choice 2024 Women in Finance Awards BlogCompany Announcements

CreditSights’ Co-Head Erin Lyons Honored with Excellence in Research Award at Markets Choice 2024 Women in Finance Awards

We are thrilled to announce that Erin Lyons, Co-Head of CreditSights, has been awarded the…

Siobhan HodsonArticle published date: November 22, 2024

Hertz: Another Instance of Vote Rigging Covenant Review

Hertz: Another Instance of Vote Rigging

Hertz: Another Instance of Vote Rigging: Last week, Hertz was in the market with $500…

Mary-Jo MachelArticle published date: December 12, 2024

SFR: Drahi Counter-Proposal Edges Closer to Deal CreditSights

SFR: Drahi Counter-Proposal Edges Closer to Deal

Executive Summary We maintain our Buy recommendation on the lower priced SFRFP '29 SSNs, and…

Nora FancsalszkyArticle published date: October 14, 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 Special SituationsLevFin Insights

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 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