LevFin Insights

US Bankruptcy: Diamond Sports announces progress in chapter 11 despite Comcast impasse; MLB, NBA, NHL sound alarm

US/EMEA Special Situations: Medical Properties Trust – Risk Primer

Altice USA Debt Tumbles as Management Hints at Potential LME, Creditor Group Swells

JOANN unanimous confirmation support slices debt by half with DIP lenders in majority control

Adler set for restructuring round two as German real estate downturn lasts longer than expected; hopes to complete BCP stake sale by year-end

LSTA-DealCatalyst Private Credit Conference: 26North’s Brendan McGovern discusses investor constituencies, growth of asset class

Smaller Syndicated Loans Coming Due May Provide Fertile Ground for Direct Lenders’ Dealflow

First-Lien Debt Recovery Prospects Deteriorate for Broadly Syndicated and Middle Market Issuers, Fitch Says

RiteAid Strikes Deal with McKesson and DOJ, Paving Way for Rite Aid 2.0

US/EMEA Insight: Floored by Altice’s new stance and with ‘trust broken’, lenders hunt for clarity on borrower’s deleveraging plans

Enviva bankruptcy plan allows for $1bn in debt post-emergence; bonds rally more than 10 points — Quick Take

Spirit Airlines ‘Triple Dip’ Analysis

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

US Private Credit: Bowflex files for bankruptcy with $25mn DIP from SLR Credit Solutions

U.S. Market Commentary: Spreads in HY Set to Retest Pandemic-Era and Post-GFC Tight of 301bps

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