European Liability Management 2025 Year in Review: European LMTs Have Landed
Aggressive liability management tactics have officially arrived in Europe. This year-in-review explores how 2025 became a watershed moment for creditor-on-creditor violence, with marquee deals like Selecta, Victoria, and Altice showcasing priming maneuvers that left minority holders blindsided. From antitrust challenges to distressed disposals, discover the bold restructuring tactics reshaping European debt markets and why 2026 promises even more fireworks.
Cooperation Agreements & Antitrust: Webinar Recap
On January 13, 2026, CreditSights hosted a special webinar and podcast entitled “Cooperation Agreements and Antitrust: The Next Major Battle.” The panel explored how creditor cooperation agreements function in out-of-court restructurings and their emergence as a response to liability management transactions
(uptiers, drop-downs, double-dips, etc.). The panel then did a deep dive into two headline antitrust lawsuits—Optimum Communications (f/k/a Altice USA) and Selecta.
2026 Euro Special Sits: Some Are More Equal
European restructuring enters a new era where creditors dominate, governments push back, and emergency equity injections have vanished, according to the latest market analysis.
Levered Lines Podcast: Restructuring Plans – Reasons to be Cheerful as we head into 2026
Listen to LFI’s deep dive into the Thames case and into how RPs may develop next year in its latest Levered Lines podcast, with guests Tim Newey from Slaughter and May, Professor Sarah Paterson, and South Square’s Ryan Perkins.
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Explore a curated selection of in‑depth analyses from Covenant Review, CreditSights and LevFin Insights, covering major trends in European LMT structures, creditor dynamics and litigation developments.
Worst, Better, Best: EBITDA Adjustments – The Scope of Projected Synergies
Worst, Better, Best: EBITDA Adjustments – The Scope of Projected Synergies
CR TrendLines Topical Report: Software New-Issue BSL Covenant Terms: Until the Past 6 Months Looser than the Broader Market
CR TrendLines Topical Report: Software New-Issue BSL Covenant Terms: Until the Past 6 Months Looser than the Broader Market
LILAPR: Thoughts on Secured Lender Lawsuit
LILAPR: Thoughts on Secured Lender Lawsuit
CR TrendLines Topical Report: More Lender-Friendly Flex in March Pushed BSL Spreads Wider and Terms Tighter
CR TrendLines Topical Report: More Lender-Friendly Flex in March Pushed BSL Spreads Wider and Terms Tighter
Market Alert: LMT Risk in the Software Sector
Market Alert: LMT Risk in the Software Sector
DISH Network: Initial Impressions on the RSA
DISH Network: Initial Impressions on the RSA
Xerox: Can Xerox Structure Another JV LME with Lexmark IP under its Credit Agreement and Outstanding Bonds?
Xerox: Can Xerox Structure Another JV LME with Lexmark IP under its Credit Agreement and Outstanding Bonds?
Xerox: Frequently Asked Questions on Potential LMEs under its Secured Bonds
Xerox: Frequently Asked Questions on Potential LMEs under its Secured Bonds
Xerox: How Did Xerox Consummate the Joint Venture Financing Under the Terms of its Existing Term Loan Facility?
Xerox: How Did Xerox Consummate the Joint Venture Financing Under the Terms of its Existing Term Loan Facility?
“Stonegate Blocker” Ropes In Asset Sale LMTs
“Stonegate Blocker” Ropes In Asset Sale LMTs
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