SFR: Drahi Counter-Proposal Edges Closer to Deal
Executive Summary We maintain our Buy recommendation on the lower priced SFRFP '29 SSNs, and…
Nora FancsalszkyOctober 18, 2024
EMEA Special Situations: Intrum pre-pack chapter 11 follows months of talks with dissenting bondholders, who remain opposed to deal; first US court hearing scheduled for November 17 and confirmation hearing December 20
Intrum is pushing through its recap deal with a pre-packaged chapter 11 after months of talks…
Nora FancsalszkyOctober 18, 2024
US Bankruptcy: Accuride files for chapter 11 with $30mn DIP financing – Press Release
LIVONIA, Mich., Oct. 9, 2024 /PRNewswire/ -- Accuride today announced its intention to restructure its North American…
Nora FancsalszkyOctober 11, 2024
US Special Situations: ABI Views from the Bench – Conference Takeaways
LFI’s Special Situations team attended ABI’s Views from the Bench conference in Washington DC last Friday, where…
Siobhan HodsonOctober 4, 2024
US Bankruptcy: Third-party releases watchlist for a post-Purdue world
The Supreme Court’s recent Purdue Pharma decision has significantly impacted how bankruptcy courts address third-party releases in…
Nora FancsalszkySeptember 27, 2024
US/EMEA Special Situations: Altice France’s shorter-dated debt climbs on reports Altice is in talks with funds about raising new debt
Debt backing Altice France was mixed this afternoon, with its shorter-dated debt climbing and its longer-dated notes…
Nora FancsalszkySeptember 27, 2024
US Special Situations: Distressed CRE conference takeaways
LFI’s Special Situations team attended last week’s IMN Distressed CRE Forum in New York featuring a range of speakers…
Sara LawalSeptember 25, 2024
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 FancsalszkySeptember 20, 2024
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 FancsalszkySeptember 20, 2024
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 FancsalszkySeptember 13, 2024