LevFin Insights

US Special Situations: ABI Views from the Bench – Conference Takeaways

LevFin Lens – CBO Q&A with Shenkman Capital’s Lerner and Barrow

US Bankruptcy: Third-party releases watchlist for a post-Purdue world

US/EMEA Special Situations: Altice France’s shorter-dated debt climbs on reports Altice is in talks with funds about raising new debt

US Special Situations: Distressed CRE conference takeaways

US Bankruptcy: Incora bondholders claim tortious interference over 2022 uptier deal; Black Rock, J.P. Morgan respond

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

US Secondary: Medical Properties Trust bonds, equity jump after settlement with Steward

US Secondary: DISH, Hughes bonds rally on report of DISH lawsuit settlement talks, possible 2024 bond maturity extension

US Special Situations: Carestream Dental secures eleventh hour direct lending deal to address 2024 1L debt; 2L holders take control of equity

US Special Situations: Lions Gate bondholder files lawsuit over May 2024 debt exchange in NY Supreme Court

US Special Situations: Multiplan motion to dismiss in Adventist case tabled; judge sets date to appoint leadership in MDL

US Insight: M&A/LBO loan volume set to accelerate this autumn as forward calendar hits $39bn

EMEA Insights: ‘Freebie baskets’ gain foothold in private credit contracts as sponsors seek further debt flexibility

Bayer/Monsanto: Big Win; Potential Circuit Split

EMEA Press: Altice proposes to buy back debt at 60% to 70% of its value