US HY vs. Lev Loan Fundamentals Comparison (4Q23)
Executive Summary: We provide an update to our US HY vs Leveraged Loan comparison for…
Sara LawalMay 10, 2024
US/EMEA Special Situations: Medical Properties Trust – Risk Primer
Medical Properties Trust’s largest tenant, Steward Health Care, filed for chapter 11 bankruptcy protection in Houston…
Sara LawalMay 10, 2024
Altice USA Debt Tumbles as Management Hints at Potential LME, Creditor Group Swells
Altice USA’s debt faltered after management comments on this morning’s Q1’24 earnings call heightened concerns…
Siobhan HodsonMay 3, 2024
FOMC Quick Take May 2024
Executive Summary: The Fed held its policy rate steady at 5.25-5.50%, as widely expected. The market…
Siobhan HodsonMay 3, 2024
JOANN unanimous confirmation support slices debt by half with DIP lenders in majority control
Related Documents: Chapter 11 plan Disclosure statement JOANN’s chapter 11 plan was confirmed today in the Delaware…
Siobhan HodsonApril 28, 2024
Adler set for restructuring round two as German real estate downturn lasts longer than expected; hopes to complete BCP stake sale by year-end
Adler CEO Thierry Beaudemoulin said on today's FY 2023 results call that adverse market conditions in…
Siobhan HodsonApril 28, 2024
LSTA-DealCatalyst Private Credit Conference: 26North’s Brendan McGovern discusses investor constituencies, growth of asset class
LevFin Insights is working with the organizers of Private Credit Industry Conference on Direct Lending and Middle…
Sara LawalApril 24, 2024
Smaller Syndicated Loans Coming Due May Provide Fertile Ground for Direct Lenders’ Dealflow
Private credit’s growth has for many institutional investors effectively raised the minimum tranche size in…
Siobhan HodsonApril 19, 2024
Liability Management Transactions: Quarterly Update Through Q1 2024
The Bottom Line: Borrowers and issuers have been engaging in “Liability Management Transactions” with increasing…
Siobhan HodsonApril 19, 2024
First-Lien Debt Recovery Prospects Deteriorate for Broadly Syndicated and Middle Market Issuers, Fitch Says
First-lien debt recovery prospect expectations have deteriorated for broadly syndicated (BSL) and middle market (MM)…
Siobhan HodsonApril 12, 2024