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Debtwire
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Credit Exchange with Lisa Lee
Not everything in private credit is rosy – Goldman Sachs’ James Reynolds
While private credit broadly has showcased resilience and strength, “under the surface, not everything is as rosy,” according to James Reynolds, global co-head of private credit at Goldman Sachs. Reynolds spoke with Lisa Lee, managing director at Creditflux and editor-at-large at Debtwire, at this year’s Debtwire Private Credit Forum Europe in London on 17 June.Goldman has started tracking the debt-to-equity swaps in the industry because LPs around the world wanted to know what is really happening. Since 2017, the European direct lending market has seen around 120 debt-to-equity swaps across the industry – and interestingly, around half that number have occ...
2025-06-21
29 min
Debtwired!
Weil’s Justin Lee weighs in on LMEs amid market uncertainty
In this episode of the Debtwire podcast, Justin Lee, partner at Weil, Gotshal & Manges, joins Melina Chalkia, Debtwire’s primary market reporter for North America, to unpack the evolving landscape of liability management exercises. Justin Lee is the co-head of Weil’s banking and finance practice and global head of liability management and strategic capital solutions. His practice involves advising institutional lenders, direct lenders, asset managers and corporate borrowers on all types of financing transactions. Lee has worked on high profile deals for companies like Clarios Global, Hertz, Krispy Kreme and Dye & Durham. With 2024 dubbed the...
2025-05-15
21 min
The Muni Lowdown
Stadium Securitizations
On the latest episode of the Debtwire Municipals Muni Lowdown podcast, Managing Editor Paul Greaves talks with the Head of Securitized Products Research and Strategy at Academy Securities, Dr. Stav Gaon, about stadium securitizations. Debtwire ABS Editorial Director Eric Homer and Reporter Kunal Kamal also join the podcast.Dr. Gaon provides an overview of asset-backed securities (ABS) and how they typically work.The discussion shifts to Dr. Gaon highlighting the growing interest in sports securitizations. The dialogue segues into Dr. Gaon explaining how stadium financing is different than other types of...
2025-04-24
19 min
The Muni Lowdown
Power Play
On the latest episode of the Debtwire Municipals Muni Lowdown podcast, Managing Editor Paul Greaves speaks with Debtwire North America Credit Analyst John Sinna on the latest developments with Hawaiian Electric and Edison International.The podcast covers the situations in the aftermath of wildfires for Hawaiian Electric and Edison International by “comparing and contrasting” where things stand by delving into five (5) topics.The first topic discussed is how governance has been handled in each situation. John discusses the actions taken by Hawaii Governor Josh Green and Los Angeles Mayor Karen Bass.The second topi...
2025-02-26
19 min
Debtwired!
Lloyds & Oaktree's Strategic Edge in Sponsor-Backed Lending
In this episode, Debtwire's Amelia Weitzman is joined by Nael Khatoun, an MD and portfolio manager within Oaktree’s European private credit strategy. We dive into the newly formed partnership between Oaktree Capital and Lloyds Bank, a strategic alliance aiming to redefine private credit solutions in the UK’s highly competitive market. Our guest discusses how this collaboration is already creating valuable opportunities by blending Lloyds' market expertise with Oaktree’s capital strategies, delivering faster, more flexible financing options for clients in a tightening credit environment. We also explore key market risks, including elevated interest rates, the rising influence of ret...
2024-10-31
07 min
The Muni Lowdown
Hawaiian Electric – One Year Later
On the latest episode of the Debtwire Municipals Muni Lowdown podcast, Managing Editor Paul Greaves speaks with Debtwire North America Analyst John Sinna, about the latest developments with Hawaiian Electric Industries, Inc.The podcast begins with John providing a summary of the key events that have occurred in the past year.John then highlights the key issues that remain unresolved as of September 2024.The conversation shifts to a discussion of the global settlement that was announced by Hawaii Governor Josh Green approximately a month ago. Currently, the insurance companies are holdouts to this...
2024-09-05
17 min
Debtwired!
1H24 Court and Legal Round Up
In this episode, Hossein Dabiri, Head of Court Reporting at Debtwire EMEA and Dawn Grocock, Senior Legal Analyst at Debtwire Europe, recap some of the key legal and court developments from the first half of the year.
2024-07-25
20 min
The Muni Lowdown
Puerto Rico's Restructuring - Is It Enough?
On the latest episode of the Debtwire Municipals Muni Lowdown podcast, Javier Balmaceda of the Center on Budget and Policy Priorities (CBPP) discusses with our team his perspective on Puerto Rico’s ongoing eight-year restructuring effort.To kick off the podcast, Javier provides his personal and professional background and its relevance to his current role at CBPP and in understanding Puerto Rico’s economic and financial situation.The conversation turns to a discussion amongst the podcast participants (Paul Greaves, moderator and managing editor of Debtwire Municipals; Greg Clark, head of muni research; and Simone Baribeau, repo...
2023-07-13
31 min
The Muni Lowdown
Chester’s (PA) Chapter 9 Clash
On the latest episode of the Debtwire Municipals Muni Lowdown podcast, Managing Editor Paul Greaves speaks with Paul Gunther, legal analyst for Debtwire and Greg Clark, head of municipal research, about the Chapter 9 filing of Chester, PA.For decades, the City of Chester has experienced incremental credit deterioration that eventually led to a Chapter 9 filing in November 2022.On this podcast, Greg Clark details the economic, fiscal, and political landscape that led to this bankruptcy filing including the city’s movement into state oversight (1995) and the eventual the naming of a receiver, Michael Doweary, in 2020....
2023-05-11
35 min
Alvarez & Marsal Conversation With
A Discussion with Debtwire: The Auto Industry at a Crossroad
From supply chain challenges to the seismic shift away from internal combustion engines to the industry’s ability to find capital to support the auto tech revolution, Alvarez & Marsal’s Chuck Moore and Rick Kozole discuss the greatest period of change in the automotive industry in the past 100 years on a podcast hosted by Reshmi Basu of Debtwire.
2021-06-12
41 min
ABS in Mind
Home equity investments find traction with homeowners, investors
#mortgages #rmbs #debtwire #housing #investing
2021-04-08
30 min
Middle Market
Compass Point analyst talks how BDC managers navigated through volatile 2020
In the latest episode of Debtwire's Middle Market Podcast, Casey Alexander, senior vice president and analyst at Compass Point Research & Trading, joined reporters Catherine Perloff and Bill Weisbrod to share insight on the business development company (BDC) sector's volatile trajectory in 2020. The VanEck Vectors BDC Index dropped to its lowest level since the ETF's launch in 2013 at the onset of the COVID-19 pandemic in March 2020, only to swiftly regain both equity and book value over the course of the year. Alexander discussed how BDCs were able to weather 2020 without major threats to their own liquidity and that of their borrowers...
2021-03-31
27 min
ABS in Mind
State of play in securitized credit
#Debtwire, #Debtwire ABS, #securitization, #mortgages, #ABS, #RMBS, # CMBS
2021-02-11
35 min
Middle Market
Portman Ridge CEO talks recent acquisitions and the landscape for BDC consolidation
Debtwire Middle Market reporters Catherine Perloff and Bill Weisbrod spoke with Portman Ridge Finance Corporation CEO Ted Goldthorpe. Goldthorpe discusses the BDC’s recent deals, including the acquisition of Garrison Capital, which closed in October, and the merger with Harvest Capital Credit Corp, which was announced in December. Goldthorpe also discusses the landscape for BDC acquisitions more broadly and its impact on the middle market and asset managers. Disclaimer: Portman Ridge is an affiliate of BC Partners, which owns a minority stake in Acuris.
2021-02-03
20 min
The Muni Lowdown
Muni Lowdown: State of Play – Puerto Rico House Speaker Rafael Hernandez
Debtwire Municipals' San Juan-based reporter Eva Llorens speaks to newly-appointed Puerto Rico House Speaker Rafael Hernandez on his thoughts on the Financial Oversight and Management Board, the Puerto Rico Electric Power Authority and the new legislature.Yong Lim, the Debtwire Municipals desk editor, is the moderator of the podcast.The Muni Lowdown is a weekly podcast recapping the previous week's significant news developments in the municipal bond market.For comments or questions contact paul.greaves@acuris.com
2021-01-15
12 min
Middle Market
The year in review for private credit
For the year’s final edition of Debtwire's Middle Market Podcast, Debtwire Middle Market Senior Reporter Bill Weisbrod spoke with HPS Investment Partners Managing Director Grishma Parekh and Goodwin Procter Partner Kristopher Ring to review the year that was in the world of private credit. They talked about where that area of the debt market stands at present, compared to the uncertainty of earlier in the year, as well as expectations for next year.
2020-12-24
22 min
Middle Market
COVID-19: The impact of COVID-19 on mid-market holiday sales with RSM Senior Retail Analyst Christopher Shaker
Debtwire Middle Market reporter Giovanna Azevedo spoke with Christopher Shaker, Senior Retail Analyst at RSM, about the impact of the COVID-19 pandemic on holiday shopping partners, as social distancing guidelines and uncertainty surrounding the virus continue to upend the mid-market retail industry.
2020-12-21
13 min
The Muni Lowdown
Muni Lowdown: State of Play – Tom Kozlik
Debtwire Municipals' Desk Editor Yong Lim interviews Tom Kozlik, Head of Strategy and Credit at Hilltop Securities Inc. He gives us his take on possible stimulus scenarios for state and local governments. We also touch upon his thoughts on Federal Reserve policies, Biden administration economic appointees and possible future downgrades in the muni market. Yong Lim, the Debtwire Municipals desk editor, is the moderator of the podcast. The Muni Lowdown is a weekly podcast recapping the previous week's significant news developments in the municipal bond market. For comments or questions contact paul.greaves@acuris.com
2020-12-09
37 min
The Muni Lowdown
Muni Lowdown: Forward looking FOMB
Debtwire Municipals Puerto Rico-based reporter Eva Llorens discusses the Financial Oversight and Management Board (FOMB) offer to creditors, approved 20 November, that will serve as a basis for negotiations toward a new plan of adjustment for the central government. Yong Lim, the Debtwire Municipals desk editor, is the moderator of the podcast. The Muni Lowdown is a weekly podcast recapping the previous week's significant news developments in the municipal bond market. For comments or questions contact paul.greaves@acuris.com
2020-12-01
09 min
The Muni Lowdown
Muni Lowdown: Disclosure divulgence
Triet Nguyen, VP of Strategic Data Operations at DPC DATA Inc. talks about disclosure in the muni market and how it has evolved. He also examines how disclosure impacts bond pricing and valuation. Debtwire Municipals Caitlin Devitt and Greg Clark round out the discussion group. Yong Lim, the Debtwire Municipals desk editor, is the moderator of the podcast. The Muni Lowdown is a weekly podcast recapping the previous week's significant news developments in the municipal bond market. For comments or questions contact paul.greaves@acuris.com
2020-11-20
35 min
The Muni Lowdown
Muni Lowdown: Brightline bust
Brightline Holdings LLC’s USD 2.4bn Brightline West high-speed train bond offering, which the company days ago yanked off the market, was derailed by its massive size and the project’s speculative nature, according to three portfolio managers. Debtwire Municipal reporters Caitlin Devitt and Kathie O'Donnell do a post-mortem on the failed deal. Related video: https://acuris.wistia.com/medias/y0yhom5qc5 Yong Lim, the Debtwire Municipals desk editor, is the moderator of the podcast. The Muni Lowdown is a weekly podcast recapping the previous week's significant news developments in the municipal bond market. For comments or questions contact paul...
2020-11-11
17 min
The Muni Lowdown
Muni Lowdown: Gubernatorial gleaning
Debtwire Municipals' reporters and analysts discuss the upcoming ballot referendums and gubernatorial elections in key states and municipalities. Yong Lim, the Debtwire Municipals desk editor, is the moderator of the podcast. The Muni Lowdown is a weekly podcast recapping the previous week's significant news developments in the municipal bond market. For comments or questions contact paul.greaves@acuris.com
2020-11-02
27 min
The Muni Lowdown
Muni Lowdown: Gary Hall – State of Play
Debtwire Municipals' Desk Editor Yong Lim interviews Gary Hall, who is a Partner with Siebert Williams Shank & Co., LLC (the nation's largest minority-owned investment bank). He gives us his take on possible stimulus scenarios for state and local governments. We also touch upon his experiences working in Chicago under Mayor Richard M. Daley's administration and how that city will handle a USD 1bn deficit. Lastly, Gary gives us his thoughts on the municipal market as past Chairman of the Municipal Securities Rulemaking Board. Yong Lim, the Debtwire Municipals desk editor, is the moderator of the podcast. The Muni Lowdown is...
2020-10-26
25 min
The Muni Lowdown
Muni Lowdown: Detroit Rock City
The City of Detroit paid high yield prices to borrow last week when it came to market on its own credit for only the second time since its 2014 bankruptcy, reported Debtwire Municipals Caitlin Devitt. The Debtwire Municipals Mass Transit Capital Funding Tracker highlights infrastructure financing plans of the ten largest US mass transit systems. It also includes information from these borrowers’ most recent capital budgets, passenger trends, and federal funds received under provisions of the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Debtwire Municipals Head of Research Greg Clark discusses the report. Yong Lim, the Debtwire Municipals desk editor, is...
2020-10-20
18 min
Middle Market
COVID-19: Mid-market lending & lender response to distressed deals w/Monroe CEO Ted Koenig
Debtwire Middle Market reporters Giovanna Azevedo and Catherine Perloff spoke with Ted Koenig, President and CEO of Monroe Capital, about the current state of the middle market lending space and how lenders are responding to distressed deals and the uptick in M&A financing. They also discuss government COVID relief programs and what we should expect going forward.
2020-10-19
16 min
The Muni Lowdown
Muni Lowdown: Back to the drawing Board
The Puerto Rico Financial Oversight and Management Board (FOMB) appointment of Justin Peterson, managing partner of the Washington DC lobbying firm DCI Group, will result in a conservative majority at the FOMB, in which none of its members reside in the US territory, commonwealth and private officials told Debtwire Municipals' Eva Llorens. See related video: https://www.linkedin.com/posts/debtwire_puertorico-activity-6722224528514273280-qlRY/ New York City’s (NYC) borrowing costs have inched upward during retail sales of its USD 1.1bn general obligation (GO) bonds, with spreads for the GOs jumping roughly 10bps above the benchmark rate since the last time th...
2020-10-13
16 min
The Muni Lowdown
Muni Lowdown: Pulp fiction
Columbia Pulp LLC, a struggling Washington State-based straw recycling plant, needs at least USD 83m in fresh capital and two years before it can start to pay back bondholders, according to a consultant’s report for bondholders. Debtwire Municipals' Caitlin Devitt discusses the situation. See related video - https://www.linkedin.com/posts/debtwire_munis-municipalbonds-recycling-activity-6719721706954616833-JdJ6/ In an interview with Debtwire Municipals' Eva Llorens, Puerto Rico gubernatorial candidate Pedro Pierluisi of the New Progressive Party said he will personally deal with all matters related to Puerto Rico’s bankruptcy and did not dismiss the possibility of restarting from scratch the pend...
2020-10-06
20 min
The Muni Lowdown
Muni Lowdown: Bloomington blues
The City of Bloomington, MN, home to Mall of America, wants to know whether owner Triple Five - which also owns the American Dream entertainment and retail complex in New Jersey — expects to be able to pay second-half property taxes when they are due in October after missing first-half property taxes that were due 15 May. Debtwire Municipals' Kathie O’Donnell and Debtwire ABS’s Maura Sadovi discuss the latest on the retail behemoth. Yong Lim, the Debtwire Municipals desk editor, is the moderator of the podcast. The Muni Lowdown is a weekly podcast recapping the previous week's significant news developments in the...
2020-09-29
15 min
The Muni Lowdown
Muni Lowdown: Eye on Data
Debtwire Municipals Research team of Greg Clark and Anthia Ma discuss the latest product update which is called Eye on Data, which gives a visual snapshot of a highlighted sector or trend. Yong Lim, the Debtwire Municipals desk editor, is the moderator of the podcast. The Muni Lowdown is a weekly podcast recapping the previous week's significant news developments in the municipal bond market. For comments or questions contact paul.greaves@acuris.com
2020-09-22
07 min
The Muni Lowdown
Muni Lowdown: Las Vegas Monorail misfortune
Las Vegas Monorail filed for Chapter 11 protections in Nevada bankruptcy court last week to clear the way for its sale to the Las Vegas Convention and Visitors Authority, saying service disruptions from COVID-19 have left it without enough cash to continue operating beyond 30 November. Debtwire’s Senior Legal Analyst, Sarah Foss and Debtwire Municipals’ Chuck Stanley discuss the legal and financial ramifications. Yong Lim, the Debtwire Municipals desk editor, is the moderator of the podcast. The Muni Lowdown is a weekly podcast recapping the previous week's significant news developments in the municipal bond market. For comments or questions contact paul.grea...
2020-09-15
12 min
The Muni Lowdown
Muni Lowdown: Boarding Brightline
Florida's Brightline Trains is increasingly challenged, said three portfolio managers and an analyst, as the South Florida rail remains offline after five months and has ended its marketing deal with Virgin Enterprises. Debtwire Municipals’ Simone Baribeau gets us on track with the details. Debtwire Municipals' Eye on Puerto Rico captures principal and interest defaults, draws on reserve funds, and similar events for every Puerto Rico obligor for which we have data. Head of Research Greg Clark discusses the research report. Yong Lim, the Debtwire Municipals desk editor, is the moderator of the podcast. The Muni Lowdown is a weekly podcast re...
2020-09-09
15 min
The Muni Lowdown
Muni Lowdown: MTA maelstrom
New York’s Metropolitan Transportation Authority (MTA) is poised to make “draconian” measures to bridge a pandemic-driven USD 12bn budget gap that could throw the agency into bankruptcy without federal intervention, MTA officials said during an emergency board meeting. Debtwire Municipals' Chuck Stanley discusses the scenario. The bankrupt Puerto Rico Electric Power Authority's potential agreement with the US Federal Emergency Management Authority, which could make billions of federal dollars available to rebuild the island's ailing power grid, is still very much up in the air, Efran Paredes, the utility's new executive director, said in an interview with Debtwire Municipals' Eva Lloren...
2020-09-01
17 min
Middle Market
BDC Outlook after 2Q earnings with Fitch analyst
Fitch Ratings analyst Chelsea Richardson joins Debtwire Middle Market senior reporter Bill Weisbrod to talk about the Business Development Company (BDC) industry with second quarter earnings in the book. They discuss BDC asset quality, fund level leverage and other BDC portfolio matters.
2020-08-31
19 min
The Muni Lowdown
Muni Lowdown: Pricing services proponents
Pricing services veteran JR Rieger discusses with Debtwire reporters Caitlin Devitt and Kathie O'Donnell how he and two other industry vets are forming a trade association to standardize how municipal bonds in the often-illiquid secondary market are valued. Evaluating and pricing muni bonds is “becoming more of a science, as it should be, and less of an art,” said Rieger, who publishes the Rieger Report LLC and previously worked in S&P’s pricing and index services. Rieger said the association, named for now the Global Association of Securities Pricing Analysts, will be aimed at pricing services vendors as well as pri...
2020-08-27
39 min
The Muni Lowdown
Muni Lowdown: Raising Arizona
Two weeks after it failed to clear the market, an Arizona Industrial Development Authority unrated financing for a sports facility returned, trimmed down and featuring enhanced terms to entice skittish investors. Debtwire Municipals Caitlin Devitt gives us the details. The Chicago Board of Education plans to issue bonds for Chicago Public Schools (CPS) in the next few months, said the district’s chief financial officer. Debtwire's Patrick Ferguson tells us the situation. The State of Illinois is not ready to say whether it will appeal a recent court decision that revives a lawsuit seeking to void USD 14.3bn of the st...
2020-08-18
22 min
The Muni Lowdown
Hawaii heaven
A State of Hawaii taxable general obligation (GO) bond deal was upsized to USD 995m from USD 900m amid investor demand, with spreads in the 10-year maturity tightening by roughly 15bps from price guidance circulating this week. Debtwire Municipals’ reporters Eva Llorens and Kathie O’Donnell discuss the deal. Yong Lim, the Debtwire Municipals desk editor, is the moderator of the podcast. The Muni Lowdown is a weekly podcast recapping the previous week's significant news developments in the municipal bond market. For comments or questions contact paul.greaves@acuris.com
2020-08-07
13 min
The Muni Lowdown
Muni Lowdown: Harbor holdings headache
Nuveen’s High Yield Municipal Bond Fund’s and Intermediate Duration Municipal Bond Fund’s top holdings are Energy Harbor Corp, the power company at the heart of a scandal in Ohio that saw its stocks drop by more than 20% last week. Nuveen holds at least 35% of the energy company’s indirect equity and also sits on its board of directors. Douglas Johnston, a Nuveen managing director and senior research analyst, is one of eight board members, according to the company. Debtwire Municipals’ reporters Caitlin Devitt and Patrick Ferguson investigate the situation. Yong Lim, the Debtwire Municipals desk editor, is the modera...
2020-07-28
14 min
ABS in Mind
Navigating the pandemic: Commercial real estate losses past and future expectations.
For this episode, host Al Yoon and Debtwire Assistant Editor Maura Sadovi welcome Jen Ripper and John Swarr, investment specialists at Penn Mutual Asset Management. We discuss just how bad commercial and residential mortgage losses could be, and where it’s safe to invest ahead of the fallout. While historical CMBS losses have been low, Penn Mutual’s actions speak loudly: It’s sticking with “up in quality” bonds with lots of credit support.
2020-07-24
31 min
The Muni Lowdown
Muni Lowdown: PREPA’s puzzling plan
The fiscal plan for the Puerto Rico Electric Power Authority (PREPA), released by Puerto Rico’s Financial Oversight and Management Board (FOMB) on 29 June, does little to advance the restructuring or to provide useful information about it. The plan’s “debt sustainability analysis”, for instance, accounts for only one-half page of the 89-page document. Debtwire Municipals' Head of Research Greg Clark gives us his take on the fiscal plans. Municipalities that filed for Chapter 9 bankruptcy protections in the years following the Great Recession tended to see improved public safety outcomes, compared with similarly situated jurisdictions, a trend that could have wider im...
2020-07-21
18 min
The Muni Lowdown
Muni Lowdown: Puerto Rico’s plight
In the primary market, The Regents of the University of California brought USD 2.6bn of AA-rated general revenue bonds via joint senior managers JPMorgan and Wells Fargo Securities. The deal included USD 790m of tax-exempt 2020 Series BE bonds. Debtwire Municipals' Kathie O'Donnell breaks down the deal for us. On 30 June, the FOMB released the commonwealth’s final budget for FY21 (ends 30 June 2021). Because both FOMB and the commonwealth lack recent audited or unaudited financial statements that serve as a baseline in compiling a budget, the document is of dubious value to investors and other parties. Debtwire Municipals' Head of Research Greg Clark g...
2020-07-14
16 min
The Muni Lowdown
Muni Lowdown: Fiscal finality - Update (July 7, 2020)
Puerto Rico’s Financial Oversight and Management Board (FOMB) last week announced it has certified 2020 fiscal plans for three of the territory’s highways, water and power authorities and submitted revenue forecasts for a number of entities under its jurisdiction. Debtwire Municipals Eva Llorens explains the current situation. Preston Hollow Capital LLC (PHC), in its second round of litigation with competitor Nuveen LLC, has asked a Delaware Superior Court for a partial summary judgment in its favor over defamation claims. Debtwire's Caitlin Devitt brings us up to date on this legal saga. Yong Lim, the Debtwire Municipals desk editor, is the...
2020-07-07
22 min
The Muni Lowdown
Muni Lowdown: Pricing perplexity
A Florida-based senior living project with a technical default and a chunk of subordinate bonds that are valued higher than the senior debt illustrates the sometimes-opaque nature of municipal bond pricing, several market participants say. Debtwire Municipals’ Maria Amante, Caitlin Devitt and Kathie O’Donnell discuss the specifics of this trend. In our latest research report, Debtwire Municipals evaluates near-term prospects for the New York Metropolitan Transportation Authority’s (MTA’s) transportation revenue bonds and the Triborough Bridge and Tunnel Authority’s (TBTA’s) general revenue bonds. These are the two most important financing vehicles for the MTA, with USD 30.2bn and USD 8...
2020-06-30
24 min
Middle Market
COVID-19: The Evolution of midmarket leveraged lending during the coronavirus pandemic
Debtwire Middle Market reporters Bill Weisbrod and Catherine Perloff spoke with Todd Koretzky a partner in Allen & Overy’s leveraged finance group about how direct lending deals have changed from the frothy pre-pandemic market and how they’ve evolved as the virus’s economic impact comes into sharper relief. They also discuss how the downturn will affect firms’ individual strategies and the private credit industry as a whole.
2020-06-29
30 min
The Muni Lowdown
Muni Lowdown: American Airlines anomaly
American Airlines brought to market a USD 360m deal in tax-exempt airport facility revenue bonds that was oversubscribed from USD 100m at 5.5-5.6% yield, amid the most challenging times for the airline industry in recent memory, to finance a terminal expansion at New York’s John F. Kennedy (JFK) airport. Debtwire Municipals Chuck Stanley discusses the bond sale. Colleges and universities are unlikely to file for bankruptcy anytime soon as a result of the coronavirus (COVID-19) pandemic – if anything, out-of-court restructurings are a far more likely outcome for some institutions, presenters commented during a webinar presented by Orrick and The Bond...
2020-06-23
19 min
The Muni Lowdown
Muni Lowdown: Chicago’s conundrum
The City of Chicago faces a USD 1.5bn gap through FY21 and is pinning its hopes on the federal government to plug the shortfall, top finance officials said. Debtwire Municipals Caitlin Devitt discusses the city's precarious situation. JEA filed a lawsuit against former CEO Aaron Zahn alleging he made false and misleading statements that marred the utility in a public scandal, according to court documents. Debtwire's Patrick Ferguson gives us the latest on the ongoing saga. Yong Lim, the Debtwire Municipals desk editor, is the moderator of the podcast. The Muni Lowdown is a weekly podcast recapping the previous week's...
2020-06-17
17 min
ABS in Mind
The Structured Finance Association guides ABS markets out of the chaos of the past few months
For this episode, host Al Yoon and Debtwire ABS Managing Editor John Wilen host SFA CEO Michael Bright, who lays down his priorities for keeping the ABS markets functioning, with integrity. We provide an update on the phase-out of Libor.
2020-06-16
28 min
The Muni Lowdown
Muni Lowdown: MTA Mind the gap
New York’s Metropolitan Transportation Authority (MTA) has seen its various revenue streams eviscerated by the new coronavirus (COVID-19) outbreak, but bondholders tell Debtwire Municipals that the essential nature of the authority’s services to the New York City region make it too important to fail, even for a State of New York that is itself stretched to the limits by the crisis. Chuck Stanley discusses the nation’s largest public transit authority. Massachusetts hospitals are showing risk factors for coronavirus (COVID-19) related financial distress, according to a Debtwire Municipals’ analysis of pre-pandemic operating results. Simone Baribeau looks at the financia...
2020-06-09
19 min
The Muni Lowdown
Muni Lowdown: Fiscal finality - June 2, 2020
The Puerto Rico Financial Oversight and Management Board (FOMB) approved its version of the commonwealth fiscal plan, requiring the government to implement structural reforms to grow the economy as it puts a one-year pause on government right-sizing, but questions about the fate of the debt restructuring were left unanswered. Debtwire Municipals Eva Llorens discusses the implications. With very limited price discovery, high yield muni bond investors wait. The market is still adjusting. Debtwire's Kathie O'Donnell explores the situation. Yong Lim, the Debtwire Municipals desk editor, is the moderator of the podcast. The Muni Lowdown is a weekly podcast recapping the...
2020-06-02
24 min
The Muni Lowdown
Muni Lowdown: COVID-19 Cause and effect
US state agencies are ready to build infrastructure once the economy normalizes again after the coronavirus (COVID-19) pandemic, but many are likely to veer away from light rails and toll roads as the foundation of their plans. When procurements are initiated again, sources say it will make sense to invite private financing via a public-private partnerships (P3) to bridge the gap in funding and it is availability-based payment structures that may be necessary to mitigate some of the revenue loss for the private sector during the pandemic. Inframation's Abigail Miller and Debtwire's Caitlin Devitt discuss this financing vehicle. Fairfield, Alabama...
2020-05-26
25 min
The Muni Lowdown
Muni Lowdown: Florida fallout
Midtown Campus Properties LLC, the owner of a Gainesville, Florida student housing project under construction near the University of Florida, filed for Chapter 11 bankruptcy protection on 8 May in the US Bankruptcy Court for the Southern District of Florida. Debtwire’s Maria Amante discusses the fallout. The Federal Reserve is establishing a USD 500bn municipal liquidity facility to bolster state and local cash flow during the new coronavirus (COVID-19) pandemic. Debtwire’s Caitlin Devitt explains the Fed’s motive on this. Yong Lim, the Debtwire Municipals desk editor, is the moderator of the podcast. The Muni Lowdown is a weekly podcast recapp...
2020-05-19
22 min
The Muni Lowdown
Muni Lowdown: Houston, we have a problem
Houston’s economy has been hit by a rout in oil and natural gas prices, as employment levels in the energy sector are poised to sink. Debtwire Municipals reporter Patrick Ferguson looks at this city in Texas. Yong Lim, the Debtwire Municipals desk editor, is the moderator of the podcast. The Muni Lowdown is a weekly podcast recapping the previous week's significant news developments in the municipal bond market. For comments or questions contact paul.greaves@acuris.com Puerto Rico’s 78 municipalities will be left without cash reserves from May to July and 15 smaller cities will lose 25% of their budget next...
2020-05-13
16 min
The Muni Lowdown
Muni Lowdown: Mall of America meltdown -2020
Triple Five’s Mall of America — which backs a USD 1.4bn Mall of America loan — is in debt relief talks with lenders. The Minnesota property’s troubles could snowball because it cross-collateralizes the New Jersey American Dream Mall property’s loan. Debtwire Municipals' Kathie O’Donnell and Debtwire ABS’ Maura Sadovi discuss the latest on the retail behemoth. Buckingham Senior Living is asking bondholders to extend a long-term forbearance agreement set to expire on 30 June. The Texas continuing care retirement community (CCRC) fell short of forbearance covenants for operating revenues and independent living occupancy in February and March. Debtwire Municipals’ Chuck Stanley wi...
2020-05-05
24 min
The Muni Lowdown
Muni Lowdown: Banal bankruptcy
Debtwire Municipals' Kathie O’Donnell discusses market sources that have said Florida Development Finance Corporation bonds issued for the Brightline rail line as well as bonds related to the American Dream entertainment and retail project in New Jersey, have traded at surprisingly resilient levels despite the coronavirus pandemic. Debtwire's Head of Municipal Research Greg Clark and Caitlin Devitt talk how if Congress carves a legal path to permitting sovereign states to seek bankruptcy protection based on comments from US Senator Mitch McConnell (R-KY), the political path would be blocked by fights over federal control and pension cuts, according to four mu...
2020-04-29
27 min
The Muni Lowdown
Muni Lowdown: CCRC calamity
Debtwire Municipals' Chuck Stanley discusses how for Continuing Care Retirement Communities (CCRC) that are highly reliant on new residents for liquidity, a prolonged interruption in marketing activity could result in quickly deteriorating cash situations. Debtwire's Head of Municipal Research Greg Clark talks about some important credit characteristics of private colleges and universities rated by S&P Global Ratings in the BBB range (i.e. BBB+, BBB, and BBB-), given this credit environment. He will also introduce the Debtwire Municipals ratings tracker which presents all municipal bond rating actions taken by Moody’s, S&P Global Ratings and Fitch over the pa...
2020-04-22
20 min
The Muni Lowdown
Muni Lowdown: Protons, Puerto Rico and Preston Hollow-Nuveen
Debtwire Municipals' Caitlin Devitt discusses Preston Hollow Capital LLC’s legal campaign against Nuveen LLC that will continue, with the firm seeking monetary damages and possibly a fresh antitrust claim, after a Delaware Chancery Court judge last week found Nuveen guilty of unlawfully interfering with PHC’s business relationship. She also talks about the Provision Cares Proton Therapy Centers for Knoxville and Nashville, Tennessee which asked bondholders to approve a three-month forbearance on payments to give them time to negotiate a debt restructuring. Debtwire's Eva Llorens looks at how Puerto Rico is expected to lose USD 1.2bn in tourism revenues in 2...
2020-04-15
28 min
The Muni Lowdown
Muni Lowdown: Pandemic problems
Debtwire Municipals' Kathie O’Donnell discusses an issue involving municipal mutual funds inflows which have become concentrated among a handful of big firms. When they need to sell, the buyer universe is limited to other big fund players who are also facing redemptions. Debtwire's Maria Amante talks about a private student housing development on the University of Oklahoma's campus which is determining how to address refunds to tenants as the school sends students off campus to protect against the spread of coronavirus. Yong Lim, the Debtwire Municipals desk editor, is the moderator of the podcast. The Muni Lowdown is a we...
2020-04-07
15 min
The Muni Lowdown
Muni Lowdown: Stimulus scenarios
Debtwire Municipals reporter Chuck Stanley discusses the massive USD 2trn stimulus package passed by Congress last week with an emphasis on provisions that could affect the muni market. Debtwire reporter Caitlin Devitt looks back at the topsy-turvy week in municipal bond trading. Yields were down by record numbers last week after climbing by record numbers the week before. The recovery was due largely to the Federal Reserve’s moves to bolster the short end of the market by including munis in its liquidity programs. Yong Lim, the Debtwire Municipals desk editor, is the moderator of the podcast. The Muni Lowdown is...
2020-03-31
20 min
ABS in Mind
ABS in Mind: RMBS trading causes chaos; M&A preps for deals; SMB sceptical on relief plans, ep. 14
In this episode, Debtwire ABS descusses the RMBS trading frenzy of the past weeks. In addition, we provide an update on the M&A deal pipeline and where investors are seeing near-term opportunities. We end the episode with a discussion around the small business lending sector, arguably one of the first lending sectors to be hit due to the global pandemic.
2020-03-27
31 min
The Muni Lowdown
Muni Lowdown: NYC MTA bailout bomb
Debtwire Municipals Head of Municipal Research Greg Clark and reporter Chuck Stanley discuss New York's Metropolitan Transportation Authority (MTA) which is asking Congress for over USD 4bn in immediate assistance as ridership plummets due to the coronavirus (COVID-19) Yong Lim, the Debtwire Municipals desk editor, is the moderator of the podcast. The Muni Lowdown is a weekly podcast recapping the previous week's significant news developments in the municipal bond market. For comments or questions contact paul.greaves@acuris.com
2020-03-25
15 min
The Muni Lowdown
2020-03-17-MUNI LOWDOWN - American Nightmare
Debtwire Municipals Head of Municipal Research Greg Clark and Senior Reporter Kathleen O'Donnell discuss how holders of bonds sold for the American Dream retail and entertainment project in New Jersey’s Meadowlands were looking forward to Thursday 19 March, when the mall’s first retail stores and the DreamWorks Water Park were supposed to open. Yong Lim, the Debtwire Municipals desk editor, is the moderator of the podcast. The Muni Lowdown is a weekly podcast recapping the previous week's significant news developments in the municipal bond market. For comments or questions contact paul.greaves@acuris.com
2020-03-17
19 min
ABS in Mind
ABS in Mind: ESG faces new test in slowing economy; hotel and retail vulnerable in CMBS, episode 13
In this episode, Debtwire ABS hosts Sharadiya Dasgupta, a consultant for Flat Rock Global, to provide an update on ESG lending. In addition, the team provides an overview of the challenges ahead for hotel and retail values in the wake of the store closures and travel disruptions due to the coronavirus.
2020-03-16
34 min
The Muni Lowdown
Muni Lowdown: Coronavirus Concerns
Debtwire Municipals reporters Caitlin Devitt, Simone Baribeau, Maria Amante and Patrick Ferguson discuss how states and territories are bracing for revenue hits and volatility as the coronavirus spreads throughout the country. Yong Lim, the Debtwire Municipals desk editor, is the moderator of the podcast. The Muni Lowdown is a weekly podcast recapping the previous week's significant news developments in the municipal bond market. For comments or questions contact paul.greaves@acuris.com
2020-03-10
24 min
The Muni Lowdown
Muni Lowdown: Up in smoke
Debtwire Municipals reporter Patrick Ferguson looks at a pair of bills in the North Carolina and South Carolina state legislatures could fundamentally change the states’ electricity markets. Debtwire's Maria Amante discusses in a market hungry for paper and yield, how the USD 5.23bn refinancing of the Buckeye Tobacco Settlement Financing Authority’s debt is an opportunity to satisfy those cravings. Finally, DC-based Debtwire’s Chuck Stanley looks at the Ports of Los Angeles (POLA) and Long Beach (POLB) and how they are showing indications of significant declines in freight volume, as the effects of the coronavirus outbreak in China add to mou...
2020-03-03
19 min
The Muni Lowdown
Muni Lowdown: Lights! Camera! Action!
Debtwire Municipals reporter Caitlin Devitt looks at an Illinois lawsuit seeking to void USD 14.3bn of the state’s general obligation bonds that was filed too late, failed to name bondholders as a party, and misreads the Constitution, the state argued in a 14 February brief filed with the state appellate court. Debtwire's Maria Amante discusses the USD 100m debt issuance to fund the Academy of Motion Picture Arts and Sciences museum in Los Angeles which is leaving some market participants cynical about the project’s essentiality given the use of tax-exempt financing. Finally, San Juan-based Debtwire’s Eva Llorens looks at the...
2020-02-25
22 min
The Muni Lowdown
Muni Lowdown: Schools out!
Debtwire reporter Caitlin Devitt looks at two charter schools in Arizona, American Leadership Academy and Odyssey. The former spent more than expected this year while the latter expects to see a small boost in funding next year. Caitlin also talks about Ohio-based Better Housing Foundation which filed for Chapter 11 protection for one of their housing portfolios. Debtwire's Patrick Ferguson discusses the latest on South Carolina Public Service Authority (Santee Cooper) with bids in to purchase the public utility as well as the settlement over assets at the defunct VC Summer nuclear project. Yong Lim, the Debtwire Municipals desk editor, is...
2020-02-18
18 min
ABS in Mind
ABS in Mind: Toorak CEO on fix & flip; Simon’s M&A strategy; debt and distress in cannabiz, ep. 11
In this episode, Debtwire ABS hosts John Beacham, CEO of Toorak Capital Partners, to provide an update on fix and flip lending. In addition, the team provides an overview of Simon Group’s “contrarian” strategy in the retail space. Also, we give a sneak-peak of an upcoming story on challenges in cannabis debt investments.
2020-02-13
23 min
The Muni Lowdown
Muni Lowdown: Garbage in, garbage out
Debtwire reporter Simone Baribeau looks at Aemerge Redpak, California’s only medical waste treatment facility which shut down last year because the state continued to allow haulers to take medical waste out of the state even when there was a local option. Debtwire's Eva Llorens discusses the new Puerto Rico general obligation bond deal with the Financial Oversight and Management Board (FOMB). Debtwire's Head of Municipal Research Greg Clark breaks down the London Economics International analysis regarding the future of the Puerto Rico Electric Power Authority (PREPA). Yong Lim, the Debtwire Municipals desk editor, is the moderator of the podcast. Th...
2020-02-11
26 min
The Muni Lowdown
Muni Lowdown: Crazy train
Debtwire reporter Simone Baribeau looks at Florida’s Virgin Trains 2019 ridership which were short from a 2017 projection Debtwire's Chuck Stanley discusses the New York Metropolitan Transportation Authority’s plans on bringing USD 8.2bn debt in FY20. He also talks about the US Congressional Budget Office and their report on transportation and water infrastructure public private partnerships. Yong Lim, the Debtwire Municipals desk editor, is the moderator of the podcast. The Muni Lowdown is a weekly podcast recapping the previous week's significant news developments in the municipal bond market For comments or questions contact paul.greaves@acuris.com
2020-02-04
16 min
ABS in Mind
ABS in Mind: Non-QM on pace for 10x growth; new issuers, tokenized deals in WBS, ep. 10
In this episode, Debtwire ABS hosts Brent Houston, co-founder of non-QM lender ALTRA Mortgage Capital, for a discussion around the recent trends in the non-QM sector. In addition, Nelson Chu, CEO of the digital securitization platform Cadence, gives us a rundown on the inaugural rated tokenized whole business ABS transaction. The team also discusses top trends in the traditional WBS space.
2020-01-31
31 min
The Muni Lowdown
Muni Lowdown: Locked out
Debtwire's Associate Courts Editor Maria Chutchian talks about Thomas Health System seeking Chapter 11 protection which it blames in part on low federal reimbursements among others. Debtwire Head of Municipal Research Greg Clark discusses Chicago and their Sales Tax Securitization Corp. bond issue in a research analysis report. Debtwire reporter Simone Baribeau looks at the US Virgin Islands and the attempt to unlock itself out from the market since 2016. Yong Lim, the Debtwire Municipals desk editor, is the moderator of the podcast. The Muni Lowdown is a weekly podcast recapping the previous week's significant news developments in the municipal bond market ...
2020-01-21
17 min
ABS in Mind
ABS in Mind: Election risks in CMBS, more ‘bespoke’ structures and growth in CRE CLOs, Ep. 9
For this episode of ABS in Mind, Debtwire ABS hosts Richard Jones, a partner and co-chair of Dechert LLP's global finance and real estate practice group, to provide an update on the CRE and CMBS sectors, including emerging funding structures, election risks and tech disruption.
2020-01-17
30 min
The Muni Lowdown
Muni Lowdown - 2020 Rolls On
Debtwire Municipals reporter Kathie O'Donnell talks about the latest on the New Jersey-based American Dream's retail leasing space status and PILOT payments. Debtwire reporter Caitlin Devitt discusses the arduous task that Judge Sam Glasscock has on rendering a penalty on the Preston Hollow/Nuveen landmark court case. Debtwire reporter Eva Llorens details the Puerto Rico Electric Power Authority’s proposed restructuring support agreement. Debtwire reporter Patrick Ferguson brings us up to date on the latest on the ongoing fiasco with privatization efforts at JEA. For comments or questions contact paul.greaves@acuris.com
2020-01-14
22 min
The Muni Lowdown
Debtwire Munis Top 5 of 2019
Debtwire Municipals reporters discuss the top five stories that gained traction with our readers in 2019. Kyle Younker discusses the Pacific Gas & Electric (PG&E) bankruptcy filing, Caitlin Devitt talks about the opioid litigation and the Nuveen/Preston Hollow lawsuit. Eva Llorens gives us the tumultuous year in the Puerto Rico bankruptcy situation, and Kathie O’Donnell focuses on the long-awaited opening of the American Dream retail and entertainment complex in New Jersey. For comments or questions contact paul.greaves@acuris.com
2019-12-27
36 min
ABS in Mind
ABS in Mind: CRTs stabilize; subprime auto ABS tight, MPL to widen; blockchain rationalization, Ep 8
For Episode 8 of ABS in Mind, Debtwire ABS hosts Mark Fontanilla, founder of the CRTx indexes. In addition, John Mizzi of Bond.One provides an update on the state of blockchain tech utilization in ABS markets. Next, the team outlines trends to watch in subprime auto and marketplace lending ABS in 2020.
2019-12-20
28 min
The Muni Lowdown
Muni Lowdown - Hospitals, Chicago, Prepa penny
Debtwire Municipals reporter Caitlin Devitt discusses Chicago Mayor Lori Lightfoot’s (D) plan to refinance up to USD 1.5bn of general obligation (GO) bonds to help close the FY20 shortfall. Debtwire reporter Simone Baribeau talks about which unprofitable hospitals made up four of the six hospitals under Debtwire Municipals' Hospital Watch. Debtwire reporter Eva Llorens details Puerto Rico Electric Power Authority's (PREPA) proposed restructuring support agreement (RSA) that faced a setback when the Puerto Rico Energy Bureau denied a petition to reduce base rates by 1 cent per kilowatt hour so that a settlement charge, required by the RSA, could be in...
2019-12-10
21 min
ABS in Mind
ABS in Mind: Equity backing to lending fintechs raises concerns; non-QM sky is still blue, ep. 7
For Episode 7 of ABS in Mind the Debtwire ABS team hosts Dushyant Shahrawat, director at Rosenblatt Securities' fintech investment banking group to chat about equity investment trends in the online lending and fintech space overall. Next, Perry Rahbar, CEO of dv01 talks about the major trends and outlook for the burgeoning non-QM sector.
2019-11-25
32 min
The Muni Lowdown
Muni Lowdown - Power play
Pacific Gas & Electric faces a June 2020 deadline to exit bankruptcy. Debtwire Municipals Maria Amante tells us the latest on the investor-owned utility in California. Head of Municipal Research Greg Clark gives us his take on large urban school districts in a research analysis report. JEA and the Municipal Electric Authority of Georgia continue their legal battle associated with the Vogtle nuclear project. Debtwire Municipals Patrick Ferguson explains the latest in this legal skirmish.
2019-11-19
21 min
ABS in Mind
ABS in Mind: Dynamic’s new MPL fund, CMBS & spiking retail bankruptcies, Fannie’s new CRT deal, ep 6
In the sixth episode of ABS in Mind, the Debtwire ABS team hosts Mike Li, portfolio manager with Dynamic Credit, to explore opportunities in less-established corners of marketplace lending. The team also discusses first Fannie Mae CRT deal backed by multifamily loans, as well as provides and update on CMBS investors and mall owners in the midst of an ongoing retail apocalypse.
2019-11-08
32 min
The Muni Lowdown
Muni Lowdown - Frauds - Chicago - Puerto - Rico - 2019 10 29
Not one but two frauds happened in muni financing transactions. Debtwire Municipals Simone Baribeau gives us the story. Chicago-based reporter Caitlin Devitt discusses the city’s budget and their plans to close a huge deficit. San Juan-based reporter Eva Llorens gives us the latest on what is going on in the commonwealth with a myriad of court cases. https://www.debtwire.com/intelligence/view/prime-2928709
2019-10-31
24 min
ABS in Mind
ABS in Mind: New structures, AI in consumer ABS; Vantage’s NCSLT battle; trends in aircraft ABS ep 5
In this episode of ABS in Mind, the Debtwire ABS team hosts Gal Krubiner, CEO of Pagaya Asset Management, to explore the new funding structures in the unsecured consumer sector, as well as touch on the role of AI in active loan selection. The episode also features a discussion around the potential consequences of the Vantage-NCSLT litigation for the broader ABS industry, if Vantage walks out a winner. Lastly, we look at the aircraft ABS sector, including growth trends, downturn concerns and the 737 Max grounding issue.
2019-10-24
29 min
The Muni Lowdown
Muni Lowdown: PROMESA, pickets and pensions
If New Jersey and other pension-pressured states look for federal help during a possible upcoming recession, the Manhattan Institute’s Steven Malanga sees just one option: a special bankruptcy provision like the one created for Puerto Rico. Debtwire Municipals Kathie O'Donnell breaks it down. Members of the Chicago Teachers Union (CTU) are on the picket line while the district is preparing to raise short-term debt. Debtwire Municipals Patrick Ferguson gives us the latest as the district and union leaders have failed to come up with a new labor agreement. With interest rates at historic lows, the municipal bond market is se...
2019-10-22
17 min
The Muni Lowdown
Muni Lowdown: Troubled Trio
Bondholders of a troubled student housing facility on the University of Oklahoma’s main campus have gone restricted to advance workout negotiations with management in a story penned by Debtwire's Maria Amante. Debtwire reporter Caitlin Devitt discusses how California’s charter schools may face a tougher time winning renewals and expanding under a pair of new regulations signed into law on 3 October by Governor Gavin Newsom (D). The National Law Enforcement Museum joins the ranks of municipal market projects - Bronx Parking and the National Sports Museum also come to mind – that failed soon after bonds to finance them were sold...
2019-10-18
20 min
ABS in Mind
ABS in Mind: C-PACE broadening; student loan regulation; CMBX6 & Forever 21 bankruptcy, ep4
In this week’s episode, the Debtwire ABS team hosts ING’s Sandeep Srinath to discuss the growing popularity C-PACE. We also touch on the regulatory chaos that haunts the student loan sector following the Corinthian collapse, as well as the long and short debate in the CMBX space.
2019-10-11
26 min
The Muni Lowdown
Muni Lowdown - A reasonable proposal
Debtwire Investigations set out to explore the legal mechanics that allow advisors to charge Puerto Rico hundreds of millions of dollars in fees to reduce its approximately USD 70bn debt load. We discuss an article penned by Debtwire's Associate Courts Editor, Maria Chutchian, on a review of the cost of the Puerto Rico bankruptcy case so far and a breakdown of fees reaped by the dozens of law firms and advisors involved in the numerous proceedings. Yong Lim, the Debtwire Municipals desk editor, is the moderator of the podcast. The Muni Lowdown is a weekly podcast recapping the previous week's ...
2019-10-10
16 min
ABS in Mind
ABS in Mind: LatAm fintechs, NY rent regulation and reperforming mortgages
ABS in Mind, the new podcast series from Debtwire ABS, presents listeners with the most top-of-mind issues in the asset backed markets, from real estate to fintech.
2019-08-28
17 min
ABS in Mind
ABS: New fintech Arival eyes US banking license; wants to serve crypto businesses
In this episode of Debtwire ABS podcast, Jeremy Berger and Igor Pesin discuss Arival bank’s plans in the US, their fundraising efforts and plans for global expansion. The bank will target ‘abnormal’ customers, including businesses in the cryptocurrency sector, tech startups, freelancers and micro businesses, which have limited to no access to traditional banking services.
2019-08-19
20 min
Middle Market
Debtwire Middle Market: King & Spalding lawyer delves into distress in pharma
Debtwire Middle Market: King & Spalding lawyer delves into distress in pharma by Debtwire Radio
2019-07-03
24 min
ABS in Mind
Debtwire ABS: Funding Circle’s Martinez on US ABS plans, LendingClub partnership, and more
In this episode of Debtwire ABS podcast, reporter Diana Asatryan and Funding Circle’s Bernardo Martinez discuss the lender’s ABS plans in the US, its recent partnership with LendingClub and the state of the small business lending sector overall.
2019-06-20
14 min
ABS in Mind
Debtwire ABS: TransUnion sees opportunity in lending to delinquent borrowers
In this episode of the Debtwire ABS podcast, ABS reporters Diana Asatryan and Larissa Padden discuss the latest study by TransUnion, which found that in some instances providing an additional personal loan to delinquent consumers could help them become current on their debt. They are joined by TransUnion’s Kristen Bataillon and Matt Komos, who also provide an overview on the current state of consumer health.
2019-05-08
22 min
Middle Market
Middle Market Podcast: Janney MD examines Alcentra’s decision to launch strategic review
Middle Market Podcast: Janney MD examines Alcentra’s decision to launch strategic review by Debtwire Radio
2019-04-24
18 min
ABS in Mind
Debtwire ABS podcast: Exploring investment opportunities in C-PACE
Description: In this episode of the Debtwire ABS podcast, ABS reporters Diana Asatryan and Larissa Padden provide an overview of the growing landscape of the Commercial Property Assessed Clean Energy (C-PACE) funding and discuss potential investment opportunities in the sector. They are joined by some of the most active players in the sector, including Alexandra Cooley, COO of Greenworks Lending, Sandeep Srinath, director of ING’s structured solutions group and Mansoor Ghori, co-founder and managing director of Petros PACE Finance.
2019-03-28
38 min
Middle Market
Middle Market Podcast: FTI Retail Maven Pulls Out Crystal Ball For Holiday Sale
Middle Market Podcast: FTI Retail Maven Pulls Out Crystal Ball For Holiday Sale by Debtwire Radio
2018-12-26
14 min
ABS in Mind
Debtwire ABS podcast: Blockchain in capital markets and structured finance
Mariana Gomez de la Villa, global program manager of Distributed Ledger Technology at ING, and Charles Moore, CEO of Global Debt Registry, join the Debtwire ABS team to discuss current and future blockchain use cases in capital markets and structured finance.
2018-12-04
37 min
Middle Market
Middle Market Podcast: Covenants, or lack of, in loan deals
Middle Market Podcast: Covenants, or lack of, in loan deals by Debtwire Radio
2018-11-14
18 min
Middle Market
Middle Market Podcast: Healthcare banker turns focus to insolvency within skilled nursing
Middle Market Podcast: Healthcare banker turns focus to insolvency within skilled nursing by Debtwire Radio
2018-10-02
25 min
Middle Market
MIDDLE MARKET PODCAST: Lincoln co-head on trade war and M&A impact
MIDDLE MARKET PODCAST: Lincoln co-head on trade war and M&A impact by Debtwire Radio
2018-08-21
20 min
Middle Market
Middle Market Podcast July
Middle Market Podcast July by Debtwire Radio
2018-07-10
20 min
Middle Market
Middle Market Podcast: Restructuring partner talks distress in casual dining
Middle Market Podcast: Restructuring partner talks distress in casual dining by Debtwire Radio
2018-06-14
29 min
Middle Market
Middle Market Podcast: Real estate investor Brad Thomas turns focus to retail REITs
Middle Market Podcast: Real estate investor Brad Thomas turns focus to retail REITs by Debtwire Radio
2018-04-02
27 min
The Muni Lowdown
Debtwire Municast ‘Altered States’ – Distressed States In Focus
Debtwire Municast ‘Altered States’ – Distressed States In Focus by Debtwire Radio
2017-12-07
49 min