US Bankruptcy: DIP Data Report Q3'26
Jennifer Lappe, JD: Legal Analyst
14 October 2026
- How quarterly DIP financing activity compares with previous periods and signals changing funding conditions.
- What the latest funding mix reveals about new money and roll up structures.
- Why backstop, upfront, exit, and extension fees remain important when assessing DIP pricing.
- How equitization features can reshape repayment structures and creditor outcomes during reorganizations.
- Which recent bankruptcy financings illustrate emerging deal structures across the DIP market.
Executive Summary
Bankruptcy financing activity reflects changing lender participation and debtor funding needs. Deal structures continue evolving across recent cases.
New funding remains an important component of debtor financing packages. However, roll up mechanisms also retain a meaningful presence.
Pricing structures include several fees that influence overall financing economics. These terms can vary considerably between transactions.
Selected facilities introduce distinctive approaches to repayment and restructuring. Meanwhile, equitization can replace traditional cash repayment.
Readers can compare structures, funding mixes, and pricing features across cases. The report supports deeper analysis of developing bankruptcy financing practices.



