Special Situations

US Bankruptcy: WeWork notifies court of mounting liquidity woes, provides update on landlord talks

EMEA Special Situations: What next for Adler’s victorious 2029 bondholders?

US Bankruptcy: Incora CFO grilled by Kobre Kim over the LME transaction

US Special Situations: Lumen Technologies debt jumps as markets react to amended TSA with a broader group of creditors

Bestwall: The Texas Two-Step Gets Political

EMEA Insight: Too small for the limelight, too risky for most, Europe’s lower mid-market is wide open for business in 2024

U.S. Secondary: DISH Bonds Plunge in Huge Volume as EchoStar Evaluates Strategic Alternatives and Carves Out Wireless Spectrum Asset Transfer to Subsidiary to Enhance Liquidity Transactions

U.S. Market Commentary: Distressed Exchanges May Be on Tap and New Spectrum-Backed Deal Expected after Substantial Assets Shift in Dish/EchoStar, Says CreditSights/Covenant Review in Joint Research

U.S. Bankruptcy: Incora Judge Braces Parties for Upcoming LME Ruling; Adversary Case, UCC Settlement Stay in Limbo

U.S./EMEA Special Situations: Covis Likely to Face a Second Round of Restructuring, Moody’s Warns in Knocking Rating Down to Caa3 from CaaK

U.S. Special Situations: Robertshaw raises new $218mn first out facility alongside additional $10mn second out facility, S&P notes in downgrade to SD

U.S./EMEA A&E: NEP A&E Puts Unextended Debt Second in Line for Disposal Proceeds; Materially Improves Documentation on Extended Debt

U.S. Special Situations: Michaels Lays Foundation for Potential LME; Same-Store Sales Fall 7% in Q3’23 as EBITDA Beats Expectations–Update

Supreme Court Grapples with Third-Party Releases

Lumen: Updated Views on TSA

U.S. Special Situations: SVP Lenders Tap Counsel