US IG & Leveraged Finance 2H24/1H25 Outlook
Executive Summary With our 2H24/1H25 outlook, we are maintaining our Market Weight allocation to US…
Sara LawalJune 28, 2024
Hertz: Warrant Litigation Explained
Executive Summary On June 14, 2024, holders of certain warrants issued by Hertz commenced litigation…
Sara LawalJune 21, 2024
EMEA Special Situations: Adler AGPS bondholders approve recap amendments, ‘far surpassing’ 75% support threshold for each series
Adler's second-lien bondholders have voted for the restructuring amendments, meaning it should be able to…
Sara LawalJune 21, 2024
US Special Situations: Sinclair debt jumps after Chatham Asset Management sends letter calling for traditional refinancing efforts
Debt backing Sinclair is up in secondary trading today after Chatham Asset Management sent a public letter to CEO…
Sara LawalJune 7, 2024
US Bankruptcy: Diamond Sports extends confirmation to July; MLB, NBA skeptical of viable path forward
Diamond Sports announced at a status conference today in the Southern District of Texas Bankruptcy Court…
Sara LawalJune 7, 2024
US Bankruptcy: WeWork confirms chapter 11 plan with unanimous creditor support; Cupar Grimmond acquiring majority control
Related documents: Chapter 11 Plan WeWork secured confirmation of its chapter 11 plan today in the…
Sara LawalMay 31, 2024
US Weekly: Fading the Fed
Executive Summary Treasury Markets: The Treasury curve bear flattened as the 2Y rose 12 bp…
Sara LawalMay 31, 2024
US Bankruptcy: Red Lobster granted access to DIP; “endless shrimp” promotion to be investigated for mismanagement
Related documents: First-day declaration – Jonathon Tibus Red Lobster secured access to $40mn of its $100mn new…
Sara LawalMay 24, 2024
Strategy: Stress Testing US HY Interest Coverage
Executive Summary With the US leveraged finance markets firmly back in business, we provide an…
Sara LawalMay 24, 2024
Golden Seahorse: Reinstatement & Default Interest
Executive Summary This note discusses a pending appeal arising out of the Golden Seahorse LLC…
Sara LawalMay 17, 2024