U.S. Liability Management Transactions: Quarterly Update Through Q2 2026 and Primer

Bausch Health: Can BHC Execute a Drop Down Transaction to Refinance BHC First Lien Bonds?

Serta: The Text Giveth, and the Text Taketh Away

Hertz: Do the Indentures and the Credit Agreement Permit Uptiering the 2026s into Second-Lien Debt?

European Liability Management: Aston Martin Shareholders Prime the Bonds

European Liability Management Transactions: Quarterly Update Through Q1 2026 and Primer

State of the Market: The Prevalence (or Lack Thereof) of Xerox Blockers

Market Alert: Synthetic Unrestricted Subsidiaries in U.S. Loan Documents

CR TrendLines Topical Report: Q1 LMT Covenant, Spread Changes Pre- and Post-Transaction, By the Numbers

Market Alert: LMT Risk in the Building Products Sector