LevFin InsightsBankruptcy JOANN unanimous confirmation support slices debt by half with DIP lenders in majority control Related Documents: Chapter 11 plan Disclosure statement JOANN鈥檚聽chapter 11 plan聽was confirmed today in the Delaware…Alivia BrownApril 28, 2024
LevFin InsightsSpecial Situations 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聽CEO Thierry Beaudemoulin said on today's FY 2023 results call that adverse market conditions in…Alivia BrownApril 28, 2024
草莓流氓视频Special Situations Altice France: Screens Painted Red by SFR Executive Summary Never much trusted by the HY market, Patrick Drahi鈥檚 Altice team plumbed new…Alivia BrownMarch 22, 2024
LevFin InsightsSpecial Situations Enviva bankruptcy plan allows for $1bn in debt post-emergence; bonds rally more than 10 points 鈥 Quick Take Related Documents: RSA Motion for Post-petition Financing Declaration of Glenn Nunziata Enviva鈥檚 chapter 11 filing…Alivia BrownMarch 15, 2024
LevFin InsightsSpecial Situations Spirit Airlines 鈥楾riple Dip鈥 Analysis Situation Overview:聽Spirit Airlines鈥櫬爎ecently blocked merger with JetBlue, together with聽ongoing cash burn has set the ultra…Alivia BrownMarch 15, 2024
LevFin Insights US/EMEA Special Situations: Loparex launches coercive exchange offer to left-out lenders; ad hoc group commits to new money portion of super-priority loan Industrial liner maker聽Loparex聽is in the market with a聽coercive exchange offer targeting left-out creditors after the…Alivia BrownMarch 8, 2024
LevFin Insights US Private Credit: Bowflex files for bankruptcy with $25mn DIP from SLR Credit Solutions Bowflex聽filed a chapter 11 petition in the New Jersey bankruptcy courts with a $25mn DIP…Alivia BrownMarch 8, 2024
Covenant Review CR TrendLines Topical Report: New-Issue Private Credit Terms Trended Sideways in 2023; Cov-Lite Share Falls Covenant protections for new-issue private credit loans (PCs) flatlined in 2023 compared with 2022 even…Alivia BrownFebruary 15, 2024
Blog Introducing CoreScores: Your Comprehensive Credit Quality Compass In our quest to continuously innovate and provide insightful tools for the fixed income market,…Alivia BrownFebruary 13, 2024
LevFin InsightsSpecial Situations US/EMEA Special Situations: McDermott’s marathon Restructuring Plan hearing starts in High Court, with Reficar pushing back on $1.3bn claim wipe-out; liquidity problems an issue as advisory bill tops $150mn A bid by engineering giant聽McDermott International聽to avoid paying ~$2bn in arbitration claims via a UK…Alivia BrownFebruary 9, 2024