LevFin Insights

US Special Situations: Del Monte launches exchange, new money TL; premium treatment allotted to ad hoc group

US Bankruptcy: Express chapter 11 plan proposes to pay unsecured creditors 10%-15%, secured claims in full

US Secondary: WW bonds collapse as Q2 earnings disappoint, outlook for FY 2024 softens

US Bankruptcy: Red Lobster judge approves disclosure statement; rules on third-party opt-out provision

US Special Situations: Belk completes deleveraging transaction – Press Release

US Bankruptcy: Chicken Soup for the Soul Converts to Chapter 7 Amid Insufficient Funds

US Bankruptcy: Chicken Soup for the Soul first-day bankruptcy hearing delayed amid payroll delinquency and creditor disputes

EMEA Special Situations: Adler AGPS bondholders approve recap amendments, ‘far surpassing’ 75% support threshold for each series

Interval funds emerge alongside non-traded BDCs as compelling option for retail investors

SVB Financial Reveals IRS Tax Liability of $650mn, Signaling More Delays

PluralSight Raises Preferred Equity, Conducts Drop-Down Liability Management Transaction

US Special Situations: Sinclair debt jumps after Chatham Asset Management sends letter calling for traditional refinancing efforts

US Bankruptcy: Diamond Sports extends confirmation to July; MLB, NBA skeptical of viable path forward

CreditSights Signs Multi-Year Agreement Offering Data, Research and News to Market Leading Pricing Platforms

US Bankruptcy: WeWork confirms chapter 11 plan with unanimous creditor support; Cupar Grimmond acquiring majority control

US Bankruptcy: Red Lobster granted access to DIP; “endless shrimp” promotion to be investigated for mismanagement