Shows
The Octus DownloadEP 12 | Trains, Credit Scores & Coldplay ConfusionThis week, Jason Sanjana and Kevin Eckhardt dive into the financial and legal mess behind Brightline, the private high-speed rail system that’s taken on billions in debt while becoming the deadliest passenger train in America. They explore Fortress’s role, Florida’s rail history, and why local governments are now being asked to help foot the bill (00:36).
Then it’s Buy Now Pay Later’s move into credit scoring (16:00), and the frustrating double standard between how consumers and companies are treated when it comes to debt. Why does using Klarna lower your score while corporate defaults are reward...2025-07-3145 minThe Octus DownloadEP 11 | Del Monte in the Can, Consumer Spending’s Tapped & The IP Is Out of IdeasThis week on The Octus Download, Jason and Kevin start with the bankruptcy of the week Del Monte (01:06) a 138-year-old brand now reduced to DIP fights Honorable Judge Michael B. Kaplan, and a TikTok-fueled wave of canned-fruit nostalgia. They unpack the LME-to-Chapter 11 pipeline and how the case became a referendum on DIP fees, minority lender fights, and the illusion of urgency in modern restructurings. Then Octus Head of Credit Research Mark Fischer joins to break down the latest consumer spending data (15:00) why people are buying one Labubo and nothing else, why couches and pet care are quietly collapsing, and...2025-07-1550 minThe Octus DownloadEP 10 | Social Security, Chicken Sandwiches & $10B Lakers MathJason Sanjana and Kevin Eckhart kick off with the three words haunting every American retirement plan: Social Security shortfall. They unpack the insolvency date, demographic headwinds, trillion-dollar investment fantasies, and why Twitter’s sovereign wealth fund bros need to chill [01:30]. Then it’s a check-in on bankruptcy’s greatest hits — Purdue, Stoli, Hooters, and Red Lobster — and how restructuring isn’t the end, it’s just a second act in crab-stuffed limbo [20:26].
Next: the definitive showdown on fried chicken economics. Wendy’s vs. Chick-fil-A vs. the nostalgic train wreck that is Burger King’s original chicken sandwich [27:45]. Why brand loyalty...2025-07-0246 minThe Octus DownloadEP 09 | Wildfires, Yale’s $6B Exit & the Emotional Therapy of StickHedge funds are clashing with California regulators over wildfire subrogation claims and the fallout could reshape how distressed assets interact with public recovery funds. Jason and Kevin unpack the PG&E playbook, state-level backlash, and who’s really getting paid (01:30). Then Yale’s $6B endowment unwind takes center stage, as the Ivy League titan quietly tests the secondaries market with Project Gatsby, raising questions about long-term conviction and short-term liquidity (13:20). Kent and Julian return (25:15) to explain why Clear Lake’s sponsor tactics are showing up across multiple LMEs and what the data tells us about repeat offenders, CLO constraints, and cre...2025-06-1956 minThe Octus DownloadEP 08 | Klarna Bought the Groceries, Saks Lost the Plot, TikTok Called a RecessionThis week’s economy? Klarna-fried. Retail? Collapsing in real time. Streaming? Somehow deep. Let’s go.
[00:57] Buy Now, Cry Later The Klarna-core economy is here. Jason and Kevin unpack how buy-now-pay-later went from sneakers to cereal—and what that says about consumer debt, regulators, and late-stage capitalism. [07:56] Debt Securitization & Swedish Financial Trust How Klarna’s securitized burrito model mirrors the U.S. Treasury—and why nobody’s ready for what happens when the music stops. [13:06] Saks Is in Trouble Octus Senior Distressed Debt Analyst Krishan Sutharshana joins to explain Saks' collapsing bond prices, vendor pullouts, and whether 3G’s debt-fue...2025-06-0344 minThe Octus DownloadEP 07 | Bourbon Is Aging Poorly, Bayer’s In Trouble, and The Pope Might Be a Sox Fan(01:11) Bayer is back in the headlines, and not for aspirin. Jason and Kevin dive into the $11 billion Roundup litigation mess, Monsanto’s haunting legacy, and the legal gymnastics happening in courts (and potentially Chapter 15). (12:13) Then it’s bourbon time. Patrick Mohan joins to talk about the collapse of Kentucky Owl, bourbon’s overinflated valuation, and why the industry might be aging out of relevance. Tax issues, oak risk, and a distillery theme park. It’s a lot. (27:47) Let Me Explain: LMEs returns. Kent Collier and Julian Bulaon break down how Hertz is rewriting the LME rulebook with a sophisticated revolver...2025-05-241h 02The Octus DownloadEP 05 | Coachella on Installments, Tariff Tumult, and My Friends and NeighborsThis week on The Octus Download, Jason Sanjana and Kevin Eckhardt tackle the financial storm building around tariffs and why they’re breaking more than just trade. At (00:57), they dig into how tariffs are freezing capital markets, stalling M&A activity, and forcing companies to shelve sale processes. By (06:00), Jason lays out why the current moment feels more like 2007 than 2008, backed by a war story from the Lehman era. At (11:00), Kevin proposes a bold strategy: using Chapter 11 as a pricing reset. By (13:00), they’re deep in the weeds of EBITDA rewrites, tariff add-backs, and the brutal math of restructuring when...2025-04-2247 minThe Octus DownloadEP 04 | Tariffs, LMEs, Hooters & White Lotus Walk Into a MarketIn Episode 4 of The Octus Download, hosts Jason Sanjana and Kevin Eckhardt tackle a volatile week in credit markets, corporate scandals, and cultural reflections.
They begin with a breakdown of the unexpected ruling in the Johnson & Johnson talc case, before analyzing the financial restructuring behind Hooters’ bankruptcy and the executive pay scandal brewing at Macy’s. Market volatility sets the backdrop for these events, raising questions about investor confidence and business model sustainability.
The core of the episode features “Let Me Explain: LMEs”, a deep dive into liability management transactions led by Octus Founder & CEO Kent Col...2025-04-0852 minThe Octus DownloadEP01 | Trumps $3T Shock, Bankrupt Brands & The Luka Dončić “Fraud” Theory—What It All MeansWelcome to the debut episode of The Octus Download, where we break down the biggest credit market stories, cut through the financial noise, and keep things refreshingly real. In this episode, we dive straight into the Trump administration’s shocking $3 trillion federal funding freeze (5:00) and its chaotic impact on Medicaid, state budgets, and the broader financial markets (7:06). We analyze how restructuring professionals are already bracing for the ripple effects (9:42) and discuss the latest bankruptcy shake-up. Liberated Brands’ sudden collapse and its connection to Volcom, Quiksilver, and the legacy of liability management exercises (18:51). Plus, a wild theory: was the Luka Donč...2025-02-2739 min
Welcome to the Arena from ICR – Conversations with Today's Innovators & Business LeadersKent Collier, Founder & CEO, Octus – Prioritizing Progress: How Octus built a market leader in credit intelligence by filtering out the noiseSummary: Getting ahead begins with a sharp focus on recognizing problems and finding better solutions than anyone else. But staying ahead requires something more: the ability to adapt, evolve, and lead as the stakes grow. Today’s guest didn’t just solve a problem; he built a system so indispensable it’s reshaped how an entire industry operates. Kent Collier is the Founder and CEO of Octus (formerly Reorg), a credit intelligence and data provider for the world's leading buy-side firms, investment banks, law firms, and advisory firms. Kent's experience as a research...2025-02-1928 min
Marketing on MarsFrom ReOrg to Octus: A $200MM Marketing PlaybookIn Episode 105, Jeff Winter, CMO of Octus (formerly ReOrg), brings the heat–literally! We talk about rebranding a $200MM company, the evolution of modern marketing, and the power of account-based marketing (ABM), all while taking hot sauce shots.🌶️🔥
From his journey at IBM and SAP to leading four CMO roles, Jeff shares his perspective on building impactful marketing strategies, balancing precision and creativity, and making bold moves in the $3 trillion bond market.
Key Moments:
00:00 - Intro
03:27 - 1st Shot of Hot Sauce
04:43 - Jeff Winter’s Career Journey
07:24 - Oc...2024-12-201h 10
Octus RadioUBS’ Amir Vardi on Rate Cuts, CLO Outlook, and Market VolatilityThis week on The Reorg Primary View, Amir Vardi, managing director and head of structured credit for the credit investments group at UBS Asset Management (formerly Credit Suisse Asset Management) joins Reorg’s Hugh Minch to discuss the outlook for the CLO market in the face of a more challenging macroeconomic environment.
Vardi discusses the impact of the Federal Reserve’s projected September interest rate cut on CLOs, the cause and implications of the volatility seen in early August, the outlook for defaults and liability management exercises in underlying loan portfolios, as well as competition between the syndicated loan and priv...2024-08-2643 minOctus RadioJim Schaeffer on Market Volatility, Dividends & Liability ManagementThis week on The Reorg Primary View, Reorg's Katherine Schwartz speaks to Jim Schaeffer of Aegon Asset Management, where Jim is the global head of leveraged finance and serves as a portfolio manager for the various leveraged finance strategies. They discuss the recent volatility in markets, how anticipated rate changes might affect the market and M&A, the recent trend of dividend recaps, liability management exercises and their effect on the secondary loan market and much more.
And, as always, we bring you our weekly summary of interesting developments in the restructuring world as well as a preview of what’s...2024-08-1937 min
Octus RadioInsights into European Direct Lending with Patrick OttersbachJoin Oscar Laurikka, Deputy Head of Private Credit and Deal Origination at Reorg, as he sits down with Patrick Ottersbach, Head of Macquarie Capital Private Credit in Europe, to delve into the intricacies of European direct lending. In this episode, Patrick talks about the history and evolution of direct lending at Macquarie, the importance of a flexible investment strategy and their rationale for selectively making investments in covenant-lite debt instruments. This insightful conversation is a must-listen for anyone interested in the forces shaping European credit markets, brought to you exclusively by the Reorg Podcast.
For more information on our latest...2024-08-1322 minOctus RadioMohammed Murad of PT Asset Management: H1’24 High-Yield Munis, Deal Criteria, H2’24 OpportunitiesThis week on The Reorg Primary View, Reorg's Hoa Nguyen speaks with Mohammed Murad, director of municipal credit research at PT Asset Management about high-yield muni performance in the first half of 2024 and what to expect in the upcoming months. Hoa and Mohammed also discuss criteria for an attractive healthcare or industrial development deal and where high-yield muni investors can look for opportunities in the second half of the year.
And, as always, we bring you our weekly summary of interesting developments in the restructuring world as well as a preview of what’s on tap for this week.
For mo...2024-08-1232 minOctus RadioSunPower's Chapter 11 Rumors, MultiPlan's Strategic Moves, and Steward Health's Hospital ClosuresThis week SunPower Corp. is preparing to file chapter 11 to pursue in-court asset sales, Steward Health plans to close two Massachusetts hospitals in the absence of viable bids, MultiPlan is working with Guggenheim Securities to explore balance sheet options because of mounting legal battles, and other interesting developments in the restructuring world. And, as always, a preview of what’s on tap for this week.
We’re taking a brief recess from our weekly interview segment, but we’ll be back next week with more premium content.
For more information on our latest events and webinars, visit
reorg.com/resources/events...2024-08-0509 minOctus RadioJavier Garibay Discusses Navigating Unique Challenges of M&A and Commercial Bankruptcy in MexicoThis week on The Reorg Primary View, Javier Garibay, a senior associate at Mayer Brown in Mexico City specializing in M&A and restructuring, talks with Reorg's Maria Abreu about the challenges in restructuring Mexican companies that have issued bonds governed by U.S. law and are navigating commercial bankruptcy in Mexico, as well as strategies for bondholders to safeguard their interests before and during the bankruptcy process.
And as always, we also bring you our weekly summary of interesting developments in the restructuring world as well as a preview of what’s on tap for this week.
For more in...2024-07-2935 minOctus RadioNavigating Credit Market Storms: Alex Belgrade on Covid, LIBOR, and AlticeThis week on The Reorg Primary View, Alex Belgrade, managing partner at Valitana, joins Reorg’s Hugh Minch to discuss how CLO managers and tranche investors have reacted to periods of volatility in the credit markets. Belgrade discusses strategies that involve a combination of information asymmetry and quick reaction time, with particular focus on the start of the Covid-19 pandemic, the LIBOR to SOFR transition and the downgrade of Altice to triple-C earlier this year.
And as always, we also bring you our weekly summary of interesting developments in the restructuring world as well as a preview of what’s on t...2024-07-2226 minOctus RadioInsights into European Direct Lending with Mike DennisJoin us for an exclusive interview with Mike Dennis, the co-head of European Credit at Ares, which manages nearly €70 billion in assets. In this episode, Mike shares his insights on the current state of the direct lending market, the impact of syndicated loans, fundraising challenges, and emerging trends in private credit. Listen to gain valuable perspectives on how private credit continues to evolve and shape the financial landscape.
For more information on our latest events and webinars, visit
reorg.com/resources/events-and-webinars/
Sign up for our weekly newsletter, Reorg on the Record: reorg.com/resources/reorg-on-the-record
We’re looking for feed...2024-07-1622 minOctus RadioInsights with Jeremy Burton of PineBridge InvestmentsThis week on The Reorg Primary View, host Katherine Schwartz sits down with Jeremy Burton, a portfolio manager on the leveraged finance team at PineBridge. Together, they delve into the current mood of the high-yield and leveraged loan markets this summer. Key topics include the impact of the upcoming election on new-money issuance, the rise of liability management exercises, and the effects of dividend recaps. Burton, who manages both high-yield bond and leveraged loan portfolios, provides valuable insights into the nuances between these two markets and current investor appetites.
Additionally, we bring you our weekly summary of notable developments in...2024-07-1531 minOctus RadioMastering Post-Reorg Boards with Jon Weber & Breaking Down the Purdue Pharma RulingThis week, Jon F. Weber speaks with Reorg’s Jason Sanjana about how post-reorganization boards of directors differ from boards in other contexts and can be vital to a successful reorganization. Weber helps creditors manage operationally intensive investments and recently published an article on optimizing board searches, which we discuss.
And as always, we also bring you our weekly summary of interesting developments in the restructuring world as well as a preview of what’s on tap for this week. Last week included a number of major court decisions, most notably the Supreme Court’s decision in Purdue Pharma, which found...2024-07-0132 min
Octus RadioFisker Bankruptcy, Hertz Debt Raise, Robertshaw-Invesco Ruling, Boies Joins Jones DefenseLast week’s highlights include Fisker’s chapter 11 filing, Hertz’s $1 billion debt raise, a ruling in the Invesco/Robertshaw dispute over “required lender” status and David Boies joining former bankruptcy judge David R. Jones’ defense team. And, as always, we provide a preview of what’s on tap for this week.
We’re taking a brief recess from our weekly interview segment this week but will be back next week with more premium content.
For more information on our latest events and webinars, visit
reorg.com/resources/events-and-webinars/
Sign up for our weekly newsletter, Reorg on the Record: reorg.com/resources/re...2024-06-2409 minOctus RadioGregory Makoff on NY Sovereign Debt LegislationThis week on The Reorg Primary View, Gregory Makoff, senior fellow at the Mossavar-Rahmani Center for Business and Government at the Harvard Kennedy School and author of Default: The Landmark Court Battle Over Argentina’s $100 Billion Debt Restructuring, talks with Reorg’s Simon Schatzberg about his view on recent proposed legislation governing sovereign debt in New York state.
And as always, we also bring you our weekly summary of interesting developments in the restructuring world as well as a preview of what’s on tap for this week.
For more information on our latest events and webinars, visit
reorg.com/resour...2024-06-1722 minOctus RadioC Street’s Jon Henes: Insights into Corporate Communications in RestructuringIn this episode of The Primary View, senior reporter Geoff Burrows sits down with Jon Henes, CEO of C Street Advisory Group, to discuss the crucial role of corporate communications firms in the restructuring world. They explore C Street's rapid expansion, the intricacies of managing communications for liability management transactions, and the impact of AI innovations on strategic communications. Additionally, the episode includes a weekly summary of key developments in the restructuring sector and a preview of what's ahead. Tune in for an insightful conversation and the latest industry updates.
For more information on our latest events and webinars, visit...2024-06-1033 minOctus RadioFoundever AI Risks; Zenith Analysis; European Sustainability-Linked DebtWelcome to the EMEA Core Credit Weekly podcast by Reorg. This episode covers:
The risks U.S. call center operator Foundever faces from AI advancements
An analysis of vehicle outsourcing firm Zenith
Recent changes in European sustainability-linked loans and bonds
We value your feedback to help us improve the podcast experience. Please take a moment to complete this short survey and let us know how we’re doing.
Credits mentioned in this episode include Foundever and Zenith
For more information on our latest events and webinars, visit
reorg.com/resources/events-and-webinars/
Sign up for our weekly newsletter, Reorg on the Re...2024-06-0414 minOctus RadioState Tax Cuts with William Glasgall and CLO Market Outlook with Dagmara MichalczukIn this special double feature, Reorg senior reporter Hoa Nguyen sits down with William Glasgall of the Volcker Alliance to discuss post-pandemic state tax cuts. Glasgall delves into the risks of budget shortfalls and the evolving tax policy landscape in a volatile year.
Next, Dagmara Michalczuk, co-chief investment officer at Tetragon Credit Partners, joins Reorg’s Hugh Minch to explore the technical dynamics of the CLO market. Michalczuk shares insights on the supply/demand imbalance, tighter liability spreads, and forecasts for the second half of 2024, along with the fundraising landscape for CLO equity.
Plus, don’t miss our weekly summary of k...2024-06-0351 minOctus RadioDirect Lending in Europe: A Growing ForceJoin Maryna Irkliyenko, Head of Deal Origination and Private Credit at Reorg, as she delves into the dynamic world of European direct lending in this exclusive series, "The Future of European Direct Lending." In this episode, Maryna is joined by Anthony Fobel, founder and CEO of Arcmont, a leading European private debt asset management firm with nearly 30 billion in AUM. They explore the origins, growth, and future of direct lending in Europe, discussing the market's evolution, key trends, and the forces driving its expansion. With insights from a pioneer in the industry, listeners will gain a comprehensive understanding of why...2024-05-2543 minOctus RadioReorg Primary View: Columbia Threadneedle’s Ray & Shaifer on Leveraged Loans vs. Private CreditThis week on The Primary View, Columbia Threadneedle’s Stanton Ray, head of the US loan platform and senior portfolio manager, and Mary Shaifer, head of CLO business development, join Reorg’s Hugh Minch to discuss the trends impacting private credit and leveraged loans, as well as similarities and differences between the two asset classes amid rapid spread compression.
And, as always, we also bring you our weekly summary of interesting developments in the restructuring world as well as a preview of what’s on tap for this week.
We're looking for feedback to improve the podcast experience! Please share your t...2024-05-2033 min
Octus RadioConversations With Reorg: Deep Dive Interview with Freshfields’ Restructuring Expert for McdermottIn the latest installment of our Coversation with Reorg series, Reorg’s Legal Director, Shan Qureshi, interviews Freshfields' restructuring expert, Michael Broeders, about his role in McDermott’s WHOA this year.
We're looking for feedback to improve the podcast experience! Please share your thoughts here: www.research.net/r/Reorg_podcast_survey
For more information on our latest events and webinars: reorg.com/resources/events-and-webinars/
Sign up to our weekly newsletter Reorg on the Record: reorg.com/resources/reorg-on-the-record/2024-05-1639 minOctus RadioEMEA Core Credit Weekly: Debt Collector Roundup, iQera, Intrum, DomusVi, LottomaticaEach episode of Reorg's weekly EMEA Core Credit podcast series features detailed discussions on issues and companies across the credit lifecycle. This week’s podcast includes discussions on:
The latest key developments in the debt collector sector including iQera’s consent solicitation, Intrum’s looming maturities and DoValue’s upcoming earnings;
The potential for French care home operator DomusVi to refinance its 2026 maturities after the group reported results for 2023; and
Italian gaming operator Lottomatica’s refinancing deal.
Reorg is always looking for feedback to help us improve the Podcast experience. Please take a moment to complete this short survey and let us kno...2024-05-1514 minOctus RadioSteward Health Chapter 11; Mobileum Restructuring; FTX Payment PlanWe’re taking a brief recess from our primary view interview series this week but will be back next week with our regularly scheduled dose of industry-leading discussions on leveraged finance and more.
As always, we also bring you our weekly summary of interesting developments in the restructuring world as well as a preview of what’s on tap for this week.
We're taking a brief recess from our Primary View interview series this week, but we'll be back next week with more industry-leading discussions on leveraged finance and more.
Meanwhile, enjoy our weekly summary of interesting developments in the rest...2024-05-1311 minOctus RadioRAINY Leaders Talk AAPI Community Building with Harvard ZhangTo celebrate Asian American & Pacific Islander Heritage Month, Reorg’s Harvard Zhang leads a panel discussion with Larry Wee a partner at Milbank, Jingzhi Dai ‘JD’, a managing director at Jefferies, Alex Xiao, an associate at Gibson Dunn and David Samikkannu, a director at AlixPartners speak, where they discuss why they set up a networking group called Restructuring Asians in New York, or RAINY, how they got to where they are professionally, and what can be done to advance the careers of minorities.
Those that identify as AAPI in the leveraged finance, distressed debt and restructuring industries and are interested in joi...2024-05-061h 02Octus RadioKloeckner Refinancing, Petrofac Debt, and Market HighlightsEach episode of Reorg's weekly EMEA Core Credit podcast series features detailed discussions on issues and companies across the credit lifecycle. This week’s podcast includes discussions on:
The challenges facing plastics packaging group Kloeckner Pentaplast ahead of its planned refinancing;
The latest developments at oil and gas firm Petrofac following its market update earlier this week; and
The primary market, with a roundup of action that’s taken place since last week.
Reorg is always looking for feedback to help us improve the podcast experience. Please take a moment to complete this short survey and let us know how we’r...2024-04-3013 minOctus Radio2U's Potential Bankruptcy, Third Circuit on Sanofi’s Royalty Claims, Jane Street Drops InjunctionWe’re taking a brief recess from the primary view interview series this week but will be back next week with our regularly scheduled dose of industry leading discussions on leveraged finance and more. As always, we also bring you our weekly summary of interesting developments in the restructuring world as well as a preview of what’s on tap for this week.
We're looking for feedback to improve the podcast experience! Please share your thoughts here: www.research.net/r/Reorg_podcast_survey
For more information on our latest events and webinars: reorg.com/resources/events-and-webinars/
Sign up to our...2024-04-3007 minOctus RadioHeimstaden Bostad’s Planned Equity Raise; OQ Chemicals Update; Primary Market HighlightsEach episode of Reorg's weekly EMEA Core Credit podcast series features detailed discussions on issues and companies across the credit lifecycle. This week’s podcast includes discussions on:
-The challenges facing Heimstaden Bostad, ahead of its first-quarter earnings release;
-A rally in German chemicals producer’s OQ Chemicals’ term loans; and
-The primary market, with a roundup of action that’s taken place since last week.
We're looking for feedback to improve the podcast experience! Please share your thoughts here: www.research.net/r/Reorg_podcast_survey
For more information on our latest events and webinars: reorg.com/resources/events-and-webinars/
Sign up...2024-04-2310 minOctus RadioMichelle Handy of First Eagle Discusses Middle Market Direct Lending TrendsThis week on The Primary View, Seth Brumby, Deputy Managing Editor at Reorg sits down with Michelle Handy, a senior managing director and chief investment officer at First Eagle, to discuss direct lending in the middle market, the evolution of deal terms in light of expanding private credit, and her expectations for increased deal volume and a rate cut in the back half of the year.
We're looking for feedback to improve the podcast experience! Please share your thoughts here: www.research.net/r/Reorg_podcast_survey
For more information on our latest events and webinars: reorg.com/resources/events-and-webinars/
...2024-04-2222 minOctus RadioDavid of MacKay Shields Talks High Yield Municipal Bonds and Redemption of Building America BondsThis week, Seth Brumby, deputy managing editor at Reorg, speaks with David Dowden, a managing director at MacKay Shields, about the outperformance of high yield municipal bonds in the first quarter, the redemption of Building America Bonds and the overall evolution of taxable bonds for municipal investors.2024-04-1523 minOctus RadioIntrum Restructuring; OQ Chemicals Refi; Primary Market HighlightsEach episode of Reorg's weekly EMEA Core Credit podcast series features detailed discussions on issues and companies across the credit lifecycle. This week’s podcast includes discussions on:
The latest developments regarding Swedish debt collector Intrum’s restructuring;
OQ Chemicals’ own refinancing risks, after its parent company withdrew planned equity support; and
The primary market, with a roundup of action that’s taken place since last week.
Reorg is always looking for feedback to help us improve the podcast experience. Please take a moment to complete this short survey and let us know how we’re doing.
We're looking for feedback t...2024-04-0912 minOctus RadioInvestcorp’s Tom Shandell Discusses All Things CLOThis week, Tom Shandell, head of US broadly syndicated loans and CLOs at Investcorp Credit Management, joins Reorg’s Hugh Minch to discuss triple-C concentrations in CLO portfolios following the Altice France downgrade. Shandell discusses which CLOs risk failing an overcollateralization test this quarter and shares his views on which other credits are concerning amid a rise in lender on lender violence in workout situations.2024-04-0838 minOctus RadioFTI’s Cynthia Romano Talks US Economic Resilience, Unique Restructuring Challenges and MoreThis week, Reorg’s Dia Gill Joins Cynthia Romano, senior managing director at FTI, for a broad ranging discussion that includes the economy’s resilience in the face of dire predictions, unique restructuring challenges facing the health care, commercial real estate and cannabis industries, recent trends in liability management and how FTI is working to diversify its portfolio of service offerings.
Due to the Easter Holiday, we’re taking a short hiatus from our weekly summary of new developments in the restructuring world and our week ahead preview. Our full featured podcast will be back next week.
We're looking for feedba...2024-04-0119 minOctus RadioReorg Special Podcast: Altice France - Creditors Mobilize as Drahi Tries to Wield the StickListen now: https://go.reorg-research.com/reorg-special-podcast-altice-france
Altice France’s attempt to fix its capital structure through potential discounted buybacks is threatening to spiral out of control. The slide in the group’s unsecured bonds on the back of management’s likely intentionally bearish investor call galvanized investors into organizing, with two groups forming, raising the potential for creditor-on-creditor violence.
In the podcast, we discussed the market reaction after last week's earnings call and Reorg’s view on management’s guidance and Altice France’s valuation. We also explain how asset drop-downs are permitted under the terms of the bonds and the impl...2024-03-2701 minOctus RadioAndrzej Skiba, RBC Global Asset Management, on Dynamics in the 2024 Leveraged Finance Market.This week, Reorg's senior primary market reporter Michael Haley speaks with Andrzej Skiba, managing director and head of US fixed income at RBC Global Asset Management, about what dynamics will impact the leveraged finance market in 2024. The episode includes Skiba's views on how healthy market conditions will hold up for the rest of the year for leveraged loans and high-yield bonds as well as what will happen with defaults moving forward.
We're looking for feedback to improve the podcast experience! Please share your thoughts here: www.research.net/r/Reorg_podcast_survey
For more information on our latest events and...2024-03-2526 minOctus RadioBNP Paribas’ Laleh Bashirrad Discusses the Mood of the Leveraged Loan MarketThis week, Laleh Bashirrad, managing director of BNP Paribas’ leveraged syndicate desk, joins Reorg’s Katherine Schwartz to discuss the mood of the market, including the M&A pipeline, the LBO market and the ongoing rivalry between private credit and broadly syndicated loans.
We're looking for feedback to improve the podcast experience! Please share your thoughts here: www.research.net/r/Reorg_podcast_survey
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#leveragedfinance #highyield #restructuring #performingcredit #distresseddebt #debtrestructuring #leveragedloans2024-03-1927 minOctus RadioEgypt’s Sovereign Debt; Europe’s Care Homes Sector Challenges; Primary Market HighlightsRelevant Reports:
EMEA Primary Market Wrap 2023: https://go.reorg-research.com/emea-primary-market-2023-full-year-wrap
Each episode of Reorg's weekly EMEA Core Credit podcast series features detailed discussions on issues and companies across the credit lifecycle. This week’s podcast includes discussions on:
-Egypt’s local-currency sovereign debt instruments after last week’s rate hike;
-Europe’s care homes sector after a challenging 2023 for operators; and
-The primary market, with a roundup of action that’s taken place since last week.
We're looking for feedback to improve the podcast experience! Please share your thoughts here: www.research.net/r/Reorg_podcast_survey
For more infor...2024-03-1214 minOctus RadioGreg Hardiman of 17Capital Discusses Growth and Use Cases of Net Asset Value LendingThis week, Seth Brumby, deputy managing editor at Reorg joins Greg Hardiman, a managing director at 17Capital, for a discussion about the growth and use cases for net asset value, or NAV lending. Seth and Greg discuss the evolution of NAV lending, its relationship to other forms of fund financing and how it can improve overall private equity realizations.
If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial
We're looking for feedback to improve the podcast experience! Please share your thoughts here: www.research.net/r/Reorg_podcast_survey
For more information on our latest...2024-03-1234 minOctus RadioAggregate High Court Ruling; Seqens Earnings Under the Microscope; Primary HighlightsEach episode of Reorg's weekly EMEA Core Credit podcast series features detailed discussions on issues and companies across the credit lifecycle. This week’s podcast includes discussions on:
-The latest results from French specialty chemical producer Seqens;
-The English High Court declines to sanction Aggregate’s latest restructuring plan; and
-The primary market, with a roundup of action that’s taken place since last week.
If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial
We're looking for feedback to improve the podcast experience! Please share your thoughts here: www.research.net/r/Reorg_podcast_survey
For mo...2024-03-0511 minOctus RadioThe Reorg Primary View: Nuveen’s Himani Trivedi Discusses the Outlook for CLO Equity InvestingThis week on the Reorg Primary View, Himani Trivedi, head of structured credit at Nuveen, joins Reorg’s Hugh Minch for a deep dive on investing in CLO equity. Trivedi discusses how CLO equity correlates with other asset classes within the leveraged finance universe and how different profiles of equity will perform in a range of future macroeconomic scenarios.
And as always, we also bring you our weekly summary of interesting developments in the restructuring world as well as a preview of what’s on tap for this week.
If you are not a Reorg subscriber, request access here: go.reor...2024-03-0434 minOctus RadioEgypt’s Sovereign Debt Situation; GHD Underperformance; Primary Market HighlightsRelevant Reports:
European Sustainability Linked Bonds and Loans Wrap - https://go.reorg-research.com/european-sustainability-linked-bonds-and-loan-wrap-2023
Each episode of Reorg's weekly EMEA Core Credit podcast series features detailed discussions on issues and companies across the credit lifecycle. This week’s podcast includes discussions on:
-Underperforming German nursing home care provider GHD;
-The likelihood of an Egyptian sovereign default; and
-The primary market, with a roundup of action that’s taken place since last week.
If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial
We're looking for feedback to improve the podcast experience! Please share your thoughts here...2024-02-2714 minOctus RadioHornblower Chapter 11, Rite Aid's ‘Toggle’ Plan, Supreme Court: Syndicated Loans Not 'Securities'This week on The Reorg Primary View, Hornblower files chapter 11 with RSA providing for $300 million senior DIP, $285 million junior DIP and $345 million rights offering, U.S. Supreme Court declines to consider request from Millennium Health lender claim trustee to review August 2023 ruling from the U.S. Court of Appeals for the Second Circuit that syndicated loans qualify as securities under federal and state laws and Rite Aid debtors file an amended plan with “toggle” allowing a pivot to a sale transaction.
If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial
We're looking for feedback to impr...2024-02-2609 minOctus RadioInter Milan’s Loan Talks; McDermott Sanction Trial Update; Primary Market HighlightsRelevant Reports:
EMEA Leveraged Loans Wrap 2023: https://go.reorg-research.com/reorg-emea-leveraged-loans-wrap-2023
EMEA High-Yield Bonds Wrap 2023: https://go.reorg-research.com/european-high-yield-bonds-wrap-2023
Each episode of Reorg's weekly EMEA Core Credit podcast series features detailed discussions on issues and companies across the credit lifecycle. This week’s podcast includes discussions on:
-Italian football club Inter, as owner Suning Group looks to extend its loan with Oaktree;
-McDermott’s ongoing restructuring process; and
-The primary market, with a roundup of action that’s taken place since last week.
If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial
We're looking for fe...2024-02-2011 minOctus RadioIntrum Slides Into Distress; Ardagh Upcoming Maturities; Altice’s Deleveraging Push; PrimaryRelevant Reports:
-EMEA Leveraged Loans Wrap: https://go.reorg-research.com/reorg-emea-leveraged-loans-wrap-2023
-EMEA High Yield Bonds Wrap: https://go.reorg-research.com/european-high-yield-bonds-wrap-2023
Each episode of Reorg's weekly EMEA Core Credit podcast series features detailed discussions on issues and companies across the credit lifecycle. This week’s podcast includes discussions on:
-Swedish debt collector Intrum, as its notes continue to slide downwards;
-Ardagh Group and its own looming debt maturities;
-The latest developments in Altice’s ongoing deleveraging plans; and
-The primary market, with a roundup of action that’s taken place since last week.
If you are not a Reorg subscriber, reques...2024-02-1419 minOctus RadioLúcio Feijó Lopes Discusses Investment Opportunity in Brazil’s Distressed Debt MarketThis week on The Reorg Primary View, Lúcio Feijó Lopes, the founding partner of Feijó Lopes Advogados, a premier corporate law firm that specializes in capital markets, M&As, trade finance, project finance and corporate governance, talks with Reorg's Maria Abreu about the opportunities awaiting foreign investors in Brazil's distressed debt market, highlighting why the current market conditions present an optimal moment for investment.
If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial
We're looking for feedback to improve the podcast experience! Please share your thoughts here: www.research.net/r/Reorg_podcast_survey
For...2024-02-1347 min
Octus RadioExpert Views - Unpacking the Adler Court Victory - A New Rulebook for Part 26A.In the latest entry in Reorg’s Expert Views series, Industry Experts Mandip Englund, Partner at law firm Fried Frank and Jo Hewitt, Managing Director at Alvarez and Marsal join Reorg's Legal Director, Shan Qureshi to dissect the Court of Appeal Judgment overturning the sanction of Adler’s Restructuring Plan and consider what this means for the future of the restructuring & insolvency industry.
If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial
We're looking for feedback to improve the podcast experience! Please share your thoughts here: www.research.net/r/Reorg_podcast_survey
For more info...2024-02-0629 minOctus RadioHarris Associates’ Adam Abbas Talks Leveraged Finance Market ToneThis week, Reorg’s senior primary market reporter Michael Haley spoke with Harris Associates’ Adam Abbas, who is the head of fixed income at the firm, about the tone of the leveraged finance market so far in 2024 as well as what other other factors will impact the primary market. The episode includes Abbas’ thoughts on how the anticipated rate cuts by the Fed this year will impact corporate issuance as well as how private credit has rivaled the broadly syndicated loan market recently.
And, as always, we also bring you our weekly summary of interesting developments in the restructuring world as wel...2024-02-0527 minOctus RadioIsabel Marant’s Bond Slides; Hurtigruten, United Group RefinanceRelevant Reports:
European Direct Lender Rankings FY23: https://go.reorg-research.com/reorg-european-direct-lender-rankings
2023 CEEMEA Credit Wrap: https://go.reorg-research.com/ceemea-credit-wrap-2023
Each episode of Reorg's weekly EMEA Core Credit podcast series features detailed discussions on issues and companies across the credit lifecycle. This week’s podcast includes discussions on:
-Why French luxury fashion retailer Isabel Marant’s senior secured notes caught the attention of hedge funds.
-And Norwegian cruise ship operator Hurtigruten is working to refinance its €285 million senior secured notes due 2025 with a new private debt instrument.
-European telecoms provider United Group recently tapped the primary market to refinance existing debt.
...2024-01-3011 minOctus RadioMorgan Stanley Private Credit’s Ashwin Krishnan Talks Opportunistic Strategies, Outlook for 2024This week on The Reorg Primary View, Ashwin Krishnan, co-head of North America Private Credit and head of opportunistic credit at Morgan Stanley joins Reorg’s Catarina Moura for a discussion on the outlook for opportunistic private credit in 2024 and investment strategies that span a spectrum of opportunities between performing and distressed credits.
And as always, we also bring you our weekly summary of interesting developments in the restructuring world as well as a preview of what’s on tap for this week.
If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial
We're looking for feed...2024-01-2924 minOctus RadioAtalian Refinancing; Adler’s Restructuring Plan Hits a Snag; Primary WrapRelevant Reports:
European Direct Lender Rankings FY23: https://go.reorg-research.com/reorg-european-direct-lender-rankings
Each episode of Reorg's weekly EMEA Core Credit podcast series features detailed discussions on issues and companies across the credit lifecycle. This week’s podcast includes discussions on:
-Atalian’s recently announced refinancing plan;
-Adler’s planned restructuring process; and
-Reorg’s 2023 EMEA primary market wrap.
If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial
We're looking for feedback to improve the podcast experience! Please share your thoughts here: www.research.net/r/Reorg_podcast_survey
For more information on our latest events and webi...2024-01-2414 minOctus RadioWade Weems Discusses Business Challenges of Navigating Venezuela’s Complex Sanctions and MoreThis week, Wade Weems, a partner at McGovern Weems, a business defense law firm that helps executives, corporate boards, company founders and entrepreneurs manage regulatory risk and government action, speaks with Reorg's Maria Abreu about the complexities of navigating Venezuela's ever-changing sanctions landscape and legal strategies for businesses navigating these developments.
And as always, we also bring you our weekly summary of interesting developments in the restructuring world as well as a preview of what’s on tap for this week.
f you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial
We're looking for feedback to im...2024-01-2235 minOctus Radio2023 European High Yield Bonds Wrap; EMEA Schemes and Part 26A; SBB in Focus; Primary HighlightsRelevant Reports:
EMEA Schemes/26A Wrap 2023: https://go.reorg-research.com/emea-schemes-26a-wrap-2023 ⚖️
EMEA Restructuring Wrap 2023: https://go.reorg-research.com/emea-restructuring-wrap-2023 📈
Gaming Sector Review: https://go.reorg-research.com/gaming-sector-review-2023 📊
Each episode of Reorg's weekly EMEA Core Credit podcast series features detailed discussions on issues and companies across the credit lifecycle. This week’s podcast includes discussions on:
-Reorg’s 2023 European High Yield Bonds Wrap and EMEA Schemes and Part 26A Wrap;
-Swedish landlord SBB’s mounting liquidity concerns; and
-The primary market, with a roundup of action that’s taken place this week.
If you are not a Reorg subscriber, request access here: go.re...2024-01-1621 minOctus RadioBarings’ Mike Best Discusses 2024’s Primary Outlook2024 has already started with scores of refinancings and repricings in the syndicated market. But what does the rest of the year entail? Barings’ Mike Best joins the Reorg Primary View to discuss how new issuance in 2024 will differ from last year’s, what will drive issuance to start the year, how private credit and syndicated capital are coexisting and more.
And as always, we also bring you our weekly summary of interesting developments in the restructuring world as well as a preview of what’s on tap for this week.
If you are not a Reorg subscriber, request access here: go.reo...2024-01-1625 minOctus RadioGlobal Gaming Sector Review; The Rise of Continuation Funds; Primary HighlightsRelevant Reports:
Gaming Sector Review: https://go.reorg-research.com/gaming-sector-review-2023 📊
EMEA Restructuring Wrap 2023: https://go.reorg-research.com/emea-restructuring-wrap-2023 📈
Each episode of Reorg's weekly EMEA Core Credit podcast series features detailed discussions on issues and companies across the credit lifecycle. This week’s podcast includes discussions on:
-Reorg’s inaugural review of the global gaming sector;
-The primary market, with a roundup of action that’s taken place so far in 2024; and
-The rising use of continuation funds in private credit.
If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial
We're looking for feedback to improve the podcast...2024-01-0912 minOctus RadioAlice Cheng of Janney Montgomery Scott Discusses the Outlook for Municipal Market in 2024This week, to kick off the new year, Reorg’s municipals reporter Hoa Nguyen joins Alice Cheng, vice president of the capital markets group at Janney Montgomery Scott, for a discussion about the 2024 outlook for the municipal market, the bright spots across sectors as well as signs for concerns as pandemic relief funds begin to sunset in the new year.
If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial
We're looking for feedback to improve the podcast experience! Please share your thoughts here: www.research.net/r/Reorg_podcast_survey
For more information on our la...2024-01-0834 minOctus RadioGlobal Auto Industry Overview; Challenges Facing Germany’s GHD; PrimaryEach episode of Reorg's weekly EMEA Core Credit podcast series features detailed discussions on issues and companies across the credit lifecycle. This week’s podcast includes discussions on:
-Reorg’s newly launched Global Auto Sector Quarterly;
-Challenges facing German homecare provider GHD ahead of its 2026 maturities; and
-The primary market, with a roundup of action that’s taken place since last week.
If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial
We're looking for feedback to improve the podcast experience! Please share your thoughts here: www.research.net/r/Reorg_podcast_survey
For more information on our...2023-12-1917 minOctus RadioTom Kozlik of Hilltop Securities Discusses The Municipal Primary Market With ReorgThis week, Marvis Gutierrez speaks to Tom Kozlik, Head of Public Policy and Municipal Strategy at Hilltop Securities, about performance of the municipal primary market in 2023 and his forecast for issuance in 2024.
If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial
We're looking for feedback to improve the podcast experience! Please share your thoughts here: www.research.net/r/Reorg_podcast_survey
For more information on our latest events and webinars: reorg.com/resources/events-and-webinars/
Sign up to our weekly newsletter Reorg on the Record: reorg.com/resources/reorg-on-the-record/
#leveragedfinance #highyield #restructuring #performingcredit #distresseddebt #debtrestructuring...2023-12-1830 minOctus RadioSynlab’s New 2031s Sponsor-Friendly Flexibilities; Debt Collector Sector Review; Primary HighlightsEach episode of Reorg's weekly EMEA Core Credit podcast series features detailed discussions on issues and companies across the credit lifecycle. This week’s podcast includes discussions on:
-Our primary analysis of German medical diagnostics provider Synlab, which is marketing fixed rate senior secured notes due Jan. 31, 2031 to back its acquisition by Cinven;
-Reorg’s review into the debt collector sector, examining a business model under strain due to rising funding costs and fewer discounted portfolios for sale by banks; and
-The primary market, with a roundup of what’s taken place since last week.
If you are not a Reorg...2023-12-1213 minOctus RadioInterview on Purdue Pharma Argument at U.S. Supreme CourtThis week’s interview is a collaboration between the Harvard Law School Bankruptcy Roundtable and Reorg. Professor William Organek (Baruch College’s Zicklin School of Business), Professor Ralph Brubaker (University of Illinois College of Law) and Professor Anthony Casey (University of Chicago Law School) speak with Reorg’s Karen Leung about the Purdue Pharma appeal. Our guests discuss the Dec. 4 oral argument at the U.S. Supreme Court and the legality of nonconsensual nondebtor releases.
And as always, we also bring you our weekly summary of interesting developments in the restructuring world as well as a preview of what’s on tap f...2023-12-111h 45Octus Radio2023 Restructuring Wrap; Petrofac Looks to Boost Balance Sheet; Primary HighlightsEach episode of Reorg's weekly EMEA Core Credit podcast series features detailed discussions on issues and companies across the credit lifecycle. This week’s podcast includes discussions on:
-Key Restructuring Trends of 2023, in comparison with 2022, using data from Reorg’s own Restructuring Database;
-United Arab Emirates-based oil and gas contractor Petrofac, which is examining strategic and financial options to strengthen its balance sheet; and
-The primary market, with a roundup of what’s taken place since last week.
If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial
We're looking for feedback to improve the podcast experi...2023-12-0518 minOctus RadioKatie Binns of Morningstar Talks Leveraged Loan Performance And Outlook With Reorg’s Michael HaleyKatie Binns, director of fixed income and multi-asset indexes at Morningstar, discusses the performance of US leveraged loans in the past year with Reorg’s Michael Haley as well as her outlook on the year ahead for the asset class.2023-12-0421 minOctus RadioItalian Telcos Open Fiber, Eolo Struggle; J. Crew Blocker Trends; Primary HighlightsEach episode of Reorg's weekly EMEA Core Credit podcast series features detailed discussions on issues and companies across the credit lifecycle. This week’s podcast includes discussions on:
-Why Italian Telecom companies Open Fiber and Eolo are gaining the attention of distressed investors and restructuring advisors;
-J.Crew Blocker Trends in European high-yield bonds;
-The primary market, with a roundup of action that’s taken place since last week.
If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial
We're looking for feedback to improve the podcast experience! Please share your thoughts here: www.research.net/r/Re...2023-11-2813 minOctus RadioReorg Radio Expert View: Conversation with Oaktree’s Aman KumarExpert View Series: Reorg Senior Private Credit Reporter Lucía Camblor speaks to Oaktree’s managing director, Aman Kumar, about direct lending in the life science sector, public-to-private transaction opportunities and Oaktree’s own private credit strategy.
If you are not a Reorg subscriber, request access here: https://go.reorg-research.com/Podcast-Trial2023-11-2229 minOctus RadioWeakening Airline Financials; Rite Aid Seller Financing; PREIT Mulls Chapter 11The latest installment of the weekly review features Rite Aid’s move to “self-finance” MedImpact’s $575 million stalking horse bid, Reorg’s analysis of challenging conditions for regional airlines, Pennsylvania Real Estate Investment Trust’s looming $1 billion maturity and the latest news in the conflicts-of-interest scandal tied to former bankruptcy judge David R. Jones.
As always, we also bring you a preview of what’s on tap for this week.
Reorg is always looking for feedback to help us improve the podcast experience. Please take a moment to complete this short survey and let us know how we’re doing. https://www.rese...2023-11-2010 minOctus RadioLipton Teas and Infusion; Arxada Developments; Primary HighlightsEach episode of Reorg's weekly EMEA Core Credit podcast series features detailed discussions on issues and companies across the credit lifecycle. This week’s podcast includes discussions on:
Recent developments at Arxada, as the Swiss chemicals company’s notes trade at distressed levels;
Global tea business Lipton Teas and Infusion, formerly known as Ekaterra;
The primary market, with a roundup of action that’s taken place since last week.
If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial
We're looking for feedback to improve the podcast experience! Please share your thoughts here: www.research.net/r/Reor...2023-11-1410 minOctus RadioEduardo Ordóñez Bueso of BankInvest Talks Argentina Debt and Elections with Reorg’s Simon SchatzbergEduardo Ordóñez Bueso, an emerging markets debt portfolio manager at BankInvest in Copenhagen, discusses the outlook for Argentina's sovereign debt and the upcoming presidential elections on Nov. 19 with Reorg's Simon Schatzberg.
If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial
We're looking for feedback to improve the podcast experience! Please share your thoughts here: www.research.net/r/Reorg_podcast_survey
For more information on our latest events and webinars: reorg.com/resources/events-and-webinars/
Sign up to our weekly newsletter Reorg on the Record: reorg.com/resources/reorg-on-the-record/
#leveragedfinance #highyield #restructuring #performingcredit #distresseddebt #debtrestructuring #le...2023-11-1322 minOctus RadioSigna Development; Distress in the Private Credit Market; Primary HighlightsEach episode of Reorg's weekly EMEA Core Credit podcast series features detailed discussions on issues and companies across the credit lifecycle. This week’s podcast includes discussions on:
-Austrian real estate company Signa Development, as the company faces liquidity issues;
-Reorg’s newly-launched Direct Lending Stress Monitor; and
-The primary market, with a roundup of action that’s taken place since last week.
If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial
We're looking for feedback to improve the podcast experience! Please share your thoughts here: www.research.net/r/Reorg_podcast_survey
For more inform...2023-11-0711 minOctus RadioBenefit Street Partners’ President Rich Byrne Talks High Interest Rates, Retail Investors In PCThis week on The Reorg Primary View, Richard Byrne, president of Benefit Street Partners, talks about how the current high interest rate environment creates both headwinds and tailwinds for private credit with Reorg’s Catarina Moura. Amid a boom in private credit, Byrne also discusses how retail investors fit into the asset class.2023-11-0625 minOctus RadioLondon Credit Seminar Preview; Oriflame Developments; Primary HighlightsEach episode of Reorg's weekly EMEA Core Credit podcast series features detailed discussions on issues and companies across the credit lifecycle. This week’s podcast includes discussions on:
-Reorg’s London Credit Seminar, taking place this Thursday, Nov. 2;
-Swedish cosmetics group Oriflame and its plans to stem ongoing decline;
-The primary market, with a roundup of action that’s taken place since last week.
If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial
We're looking for feedback to improve the podcast experience! Please share your thoughts here: www.research.net/r/Reorg_podcast_survey
For more i...2023-10-3110 minOctus RadioBank of Oklahoma Financial’s Chris Maloney Talks 5% 10-Year Treasury YieldChristopher Maloney, mortgage strategist at Bank of Oklahoma Financial, discusses the surge in Treasury yields, Jerome Powell’s challenges and achievements as Chairman of the Fed, “higher for longer” interest rates and the outlook for housing and consumer demand with Reorg’s James Holloway.
If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial
We're looking for feedback to improve the podcast experience! Please share your thoughts here: www.research.net/r/Reorg_podcast_survey
For more information on our latest events and webinars: reorg.com/resources/events-and-webinars/
Sign up to our weekly newsletter Reorg on the Reco...2023-10-3023 minOctus RadioThe ‘New Normal’ for the Primary Market; Atos Priming ConcernsEach episode of Reorg's weekly EMEA Core Credit podcast series features detailed discussions on issues and companies across the credit lifecycle. This week’s podcast includes discussions on:
-Bondholder priming concerns surrounding French IT firm Atos;
-The “new normal” in the primary market and other trends, ahead of Reorg’s Nov. 2 London Credit Seminar; and
-A roundup of the latest primary action that’s taken place since last week.
If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial
We're looking for feedback to improve the podcast experience! Please share your thoughts here: www.research.net/r/Reorg_po...2023-10-2412 minOctus RadioPIMCO’s David Forgash Talks Leveraged Finance And Primary Market Outlook With Reorg’s Michael HaleyThis week, Reorg’s senior primary market reporter Michael Haley spoke to PIMCO managing director David Forgash, who leads the firm’s leveraged finance business, about his outlook on the market looking ahead into 2024. The episode includes David’s thoughts on what the future looks like for the leveraged finance market as well as what market participants can expect in the high-yield primary amidst higher interest rates.
And, as always, we bring you our weekly summary of interesting developments in the restructuring world as well as a preview of what’s on tap for next week.
If you are not a Reorg...2023-10-2418 minOctus RadioEuropean Private Credit; Cash-Burning OGF; IMF-World Bank Annual Meetings; Primary HighlightsEach episode of Reorg's weekly EMEA Core Credit podcast series features detailed discussions on issues and companies across the credit lifecycle. This week’s podcast includes discussions on:
-Reorg’s European private credit breakfast event, which took place last week at London’s Biltmore Hotel;
-French funeral services group OGF, ahead of what could be a challenging refinancing next year;
-Key takeaways from last week’s World Bank-IMF annual meetings; and
-The primary market, with a roundup of action that’s taken place since last week.
If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial
We're look...2023-10-1715 minOctus RadioAlfonso Ugarte and Sebastian Leyton Talk Explain Challenges in Chile’s Renewable Energy SectorAlfonso Ugarte an expert in M&As, bankruptcy and structured and distressed financing for Cuatrecasas and Sebastian Leyton, head of the energy practice of Cuatrecasas and former head the legal division of the Chilean energy enforcement agency, discuss with Reorg’s Maria Abreu the financial troubles plaguing the Chilean renewable energy industry.
Alfonso and Sebastian provide context on why some renewable energy producers receive zero payment for their electricity production and shed light on the government's approach to reform, regulatory changes, and the potential impact on investor confidence.
And, as always, we bring you our weekly summary of interesting developments in...2023-10-1626 minOctus RadioAccell Group’s Bike Stock Woes, Demire Bondholders Hire Advisors, Primary Market HighlightsEach episode of Reorg's weekly EMEA Core Credit podcast series features detailed discussions on issues and companies across the credit lifecycle. This week’s podcast includes discussions on:
-Dutch bicycle group Accell, and its recent issues with bicycle inventories;
-German commercial real estate company Demire, recent bondholder movements and its upcoming 2024 debt maturities;
-The primary market, with a roundup of action that has taken place since last week.
If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial
We're looking for feedback to improve the podcast experience! Please share your thoughts here: www.research.net/r/Re...2023-10-1008 minOctus RadioEdward Altman and Wei Wang Talk Zombie Companies With Reorg’s Gaurav SharmaRenowned bankruptcy guru and NYU Professor Ed Altman and esteemed Queens University finance professor Wei Wang discuss with Reorg’s Gaurav Sharma their research on the worldwide surge in zombie companies. Ed and Wei discuss the various factors behind the phenomenon, including lenient monetary policies, and the development of global corporate bond markets.
And, as always, we bring you our weekly summary of interesting developments in the restructuring world as well as a preview of what’s on the docket for next week.
If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial
We're looking for feed...2023-10-0940 minOctus RadioTom Tailor Upcoming Maturities; DTEK’s Consent Solicitation Challenged; Primary HighlightsEach episode of Reorg's weekly EMEA Core Credit podcast series features detailed discussions on issues and companies across the credit lifecycle. This week’s podcast includes discussions on:
-German retailer Tom Tailor, following reports the company appointed Rothschild to advise on options to deal with its 2024 debt maturities;
-Ukrainian energy company DTEK Energy, which is facing a challenge to a recent consent solicitation; and
-The primary market, with a roundup of action that’s taken place since last week.
If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial
We're looking for feedback to improve the podc...2023-10-0310 minOctus RadioMatt Fabian of Municipal Market Analytics Talks Climate Change Impact on Credit QualityThis week, Reorg’s municipals reporter Hoa Nguyen spoke to Matt Fabian, partner at Municipal Market Analytics about the potential impact of climate change on credit quality in the municipal market, following the Maui wildfires and the subsequent lawsuits involving Hawaiian Electric Industries.
And, as always, we bring you our weekly summary of interesting developments in the restructuring world as well as a preview of what’s on the docket for next week.
Alos, on October 12, Reorg’s Tejs Broberg, Jeff Kramer, Julian Bulaon and Ben Sauer will beat this year’s Annual LSTA Conference. For more information please visit Reorg.co...2023-10-0328 minOctus RadioFunds, Advisors Monitor Oriflame Over Liquidity Concerns; IPEM Conference Takeaways; PrimaryEach episode of Reorg's weekly EMEA Core Credit podcast series features detailed discussions on issues and companies across the credit lifecycle. This week’s podcast includes discussions on:
-Swedish-Swiss beauty product business Oriflame, which has attracted the attention of advisors and investors after its liquidity position deteriorated following a weak first-half performance.
-Key takeaways from the IPEM conference in Paris last week, where attendees discussed how inflation and high rates have limited M&A transactions.
-In the primary market this past week issuers have been keen to take advantage of good market conditions and pent-up demand from investors to tighten pr...2023-09-2610 minOctus RadioIdeal Standard Reap Benefit of Sharing the Upside; PGS, TGS Merger; Primary HighlightsEach episode of Reorg's weekly EMEA Core Credit podcast series features detailed discussions on issues and companies across the credit lifecycle. This week’s podcast includes discussions on:
-Belgian bathroom products manufacturer Ideal Standard’s recently completed Exchange Offer, Consent Solicitation and Scheme Solicitation;
-The merger of Norwegian seismic exploration companies PGS and TGS, which will trigger a change of control under PGS’s 13.5% 2027 bonds, giving creditors a put option at 101.
-Key highlights from the primary market, where pricing tightens on strong credits as rising supply seeks to meet pent up investor demand, while challenging deals falter.
If you are not a...2023-09-2015 minOctus RadioIdeal Standard Reap Benefit of Sharing the Upside; PGS, TGS Merger; Primary HighlightsEach episode of Reorg's weekly EMEA Core Credit podcast series features detailed discussions on issues and companies across the credit lifecycle. This week’s podcast includes discussions on:
Belgian bathroom products manufacturer Ideal Standard’s recently completed Exchange Offer, Consent Solicitation and Scheme Solicitation;
The merger of Norwegian seismic exploration companies PGS and TGS, which will trigger a change of control under PGS’s 13.5% 2027 bonds, giving creditors a put option at 101.
Key highlights from the primary market, where pricing tightens on strong credits as rising supply seeks to meet pent up investor demand, while challenging deals falter.
Reorg is always lookin...2023-09-2015 minOctus RadioDouble Dose: LSTA's Ganz on SEC Funds Regs, Schwartz on Real Estate TrendsThis week we’ve got a double-dose of our primary view interview segment.
First, Elliot Ganz Head of Advocacy at the Loan Syndications and Trading Association joins Deputy Managing Editor at Reorg, Kevin Eckhardt, to discuss the private funds industries recent petition to the the Fifth Circuit to invalidate the SEC’s recently adopted regulations of private fund advisers the Second Circuit’s recent opinion affirming a May 2020 district court decision holding that notes issued under a $1.798 billion syndicated leveraged loan to Millennium Health do not qualify as “securities”.
Also, Reorg’s Patrick Fitzgerald speaks with Belinda Schwartz, executive chair and the head...2023-09-1954 minOctus RadioBC Partners Prepares Aenova Sale; Banijay Price Talk; Primary HighlightsEach episode of Reorg's weekly EMEA Core Credit podcast series features detailed discussions on issues and companies across the credit lifecycle. This week’s podcast includes discussions on:
The primary market, with a round-up of action that’s taken place since last week;
-Highlights of our analysis on French TV production company
-Banijay’s €910 million-equivalent dual-tranche senior secured notes offering this week; and
-BC Partners’ plan to sell its German pharmaceutical business Aenova on the back of strong year-to-date trading.
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We're looking for feedback to improve the podcas...2023-09-1213 minOctus RadioParty City; PROMESA Oversight Board’s Second PREPA; Refinancings and RestructuringsThis week’s episode includes recaps of Party City’s plan confirmation hearing, the PROMESA oversight board’s second settlement with PREPA bondholders in connection with PREPA’s third amended plan of adjustment and the Boardriders settlement. Also, updates on refinancings and near term restructurings from Trinseo, McDermott International, Cornerstone Chemical and EyeCare Partners.
And, as always, a preview of what’s on the docket for this week.
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We're looking for feedback to improve the podcast experience! Please share your thoughts here: www.research.net/r/Reorg_podc...2023-09-1208 minOctus RadioCelsa’s Creditor-Led Restructuring Plan; Snooze Drag Provisions in A&E Transaction; Primary PipelineEach episode of Reorg's weekly EMEA Core Credit podcast series features detailed discussions on issues and companies across the credit lifecycle. This week’s podcast includes discussions on:
-Spanish steel company Celsa, whose creditor-led restructuring plan was approved yesterday, Sept. 4;
-“Snooze Drag” provisions in amend-and-extend transactions; and
-The primary deal pipeline and what to expect from the market as we head into Autumn.
**Have your say** Please share your views on the outlook for the dynamic #privatecredit markets in Europe: https://ow.ly/ett150PHseA 💡
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We're loo...2023-09-0509 minOctus RadioTalkTalk Upcoming Maturities; Celsa Restructuring Plan; Direct Lenders' Post-Summer ExpectationsEach episode of Reorg's weekly EMEA Core Credit podcast series features detailed discussions on issues and companies across the credit lifecycle. This week’s podcast includes discussions on:
-Spanish steel company Celsa’s restructuring plan, and why it matters;
-U.K. telecoms group TalkTalk, its upcoming maturities and what its options are; and
-Direct lenders, and what their expectations are heading into the post-summer period.
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For...2023-08-2913 minOctus RadioSecond Circuit Ruling on Syndicated Leveraged Loans, Diamond Sport Fraudulent Transfer ComplaintThis week’s episode includes recaps of last week’s Second Circuit ruling that $1.798 billion in syndicated leveraged loans to Millennium Health do not constitute “securities” covered by state and federal securities laws, Diamond Sports Group’s previously sealed fraudulent transfer complaint against two JPMorgan entities and near-term restructurings in Mallinckrodt, Audacy, SmileDirectClub and Party City.
And, as always, a preview of what’s on the docket for this week.
If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial
We're looking for feedback to improve the podcast experience! Please share your thoughts here: www.research.net/r/Reorg...2023-08-2908 minOctus RadioKernel to Reduce Debt; Altice Sees Limited Impact From Troubles in Portugal; UK High Street DeclineEach episode of Reorg's weekly EMEA Core Credit podcast series features detailed discussions on issues and companies across the credit lifecycle. This week’s podcast includes discussions on:
-Ukrainian commodity producer Kernel, as it looks to reduce debt following an assessment of war-related damages to its assets;
-Telecom operator Altice, amid negative headlines surrounding the group’s Portuguese subsidiary; and
-The worsening decline of the U.K. high street, including a specific look at homeware retailer Wilko.
If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial
We're looking for feedback to improve the podcast experience! Plea...2023-08-2215 minOctus RadioHawaiian Electric, Spirit AeroSystems, Yellow Corp DIP, Stalking Horse, FTX, GenesisThis week’s episode includes recaps of new coverage names Hawaiian Electric and Spirit AeroSystems, In-Court Action in Yellow Corp, FTX and Diamond Sports and potential restructurings from Mallinckrodt, Pure Fishing, Cano Health and Tenneco.
And, as always, Reorg’s Kate Thomas presents a preview of what’s to come.
If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial
We're looking for feedback to improve the podcast experience! Please share your thoughts here: www.research.net/r/Reorg_podcast_survey
For more information on our latest events and webinars: reorg.com/resources/events-and-webinars/
Sign up to our...2023-08-2210 minOctus RadioWittur First Lien Lockups; Lebanese Central Bank Governor Salameh Disguised Losses; A&E InsightsEach episode of Reorg's weekly EMEA Core Credit podcast series features detailed discussions on issues and companies across the credit lifecycle. This week’s podcast includes discussions on:
-Lycra’s “quasi drop-down” transaction and what it means for liability management transactions in Europe;
-Telecom operator Altice looks to slash €4 billion of debt in 12 months; and
-The potential sale of German pharmaceutical group Stada
If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial
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For more informatio...2023-08-1518 minOctus RadioFranklin Templeton’s Reema Agarwal Discusses Primary Issuance and Rate HikesIf you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial
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#highyield #leveragedfinance2023-08-1422 minOctus RadioLycra’s Quasi Drop-Down Pops Back Up; Altice Aims to Slash €4B of Debt; Stada’s Potential SaleEach episode of Reorg's weekly EMEA Core Credit podcast series features detailed discussions on issues and companies across the credit lifecycle. This week’s podcast includes discussions on:
-Lycra’s “quasi drop-down” transaction and what it means for liability management transactions in Europe;
-Telecom operator Altice looks to slash €4 billion of debt in 12 months; and
-The potential sale of German pharmaceutical group Stada
If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial
We're looking for feedback to improve the podcast experience! Please share your thoughts here: www.research.net/r/Reorg_podcast_survey
For more informatio...2023-08-0816 minOctus RadioLumen, Audacy; LTL Management ‘Texas two-step’; FTX; Bausch Health, DISH NetworkThis week’s Primary View podcast is taking a brief recess from our weekly interview segment, but will be back soon with more premium content. But, as always, we feature our weekly review coverage, and a preview of what’s coming next week.
If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial
We're looking for feedback to improve the podcast experience! Please share your thoughts here: www.research.net/r/Reorg_podcast_survey
For more information on our latest events and webinars: reorg.com/resources/events-and-webinars/
Sign up to our weekly newsletter Reorg on the Reco...2023-08-0810 min