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The Octus Download
The Octus DownloadEP 23 | Saks Bankruptcy, Detroit’s EV Hangover & Bugonia vs. AI SlopSeason 2 is back Jason Sanjana & Kevin Eckhardt open with a quick life update, then the warm up turns into a real world bankrupt brand mishap when Jason gets bamboozled over the break by a distant bankruptcy friend, Party City, and suddenly a normal errand becomes a reminder that nothing is safe (00:03:14). The main event kicks off when the guys move from that moment into the headline story, Saks Bankruptcy, and what happens when luxury tries to operate like a discount chain, vendors stop shipping, and even relationships like Chanel’s start showing up as nine figure problems (00:06:58). They’re join...
2026-01-2945 minThe Octus Download
The Octus DownloadEP 22 | Judge Michael B. Kaplan, Vegas Squeeze & the First Brands ConspiracyIn this season finale of The Octus Download, hosts Jason Sanjana and Kevin Eckhardt are joined by the Honorable Michael B. Kaplan, U.S. Bankruptcy Judge for the District of New Jersey, for a candid look at how bankruptcy actually works from inside the courtroom. After settling the long-running debate over whether Central Jersey exists (00:03:54), Judge Kaplan explains how judges evaluate feasibility in modern Chapter 11 cases (00:05:03), addresses criticism around “Chapter 22” filings like Rite Aid (00:09:44), and discusses why courts are often reluctant to reject aggressive DIP financing outright (00:26:33). He also weighs in on bankruptcy venue, breaking down how companies choose wher...
2025-12-241h 09The Octus Download
The Octus DownloadEP 21 | How Bankruptcy Really Works: Inside the System with Josh SussbergJason Sanjana & Kevin Eckhardt open the episode from the Octus studio (00:00:06) and quickly bring in their guest, Josh Sussberg of Kirkland & Ellis (00:01:04). The conversation begins with Sussberg’s early ambition to become a sports journalist and his time at Syracuse University’s Newhouse School (00:01:55), before an almost accidental pivot into law. By (00:03:47), he explains how rotating through corporate, litigation, and real estate made it clear that bankruptcy was the only practice where the stakes were immediate, the decisions were real, and the work wasn’t just documenting outcomes already decided elsewhere. From (00:05:40) through (00:07:58), Sussberg walks through how bankru...
2025-12-1031 minThe Octus Download
The Octus DownloadEP 20 | Sonder’s Chapter 7 Meltdown, Meta’s Scam Economy & The Pluribus HiveJason Sanjana and Kevin Eckhardt open with Sonder’s spectacular implosion, where a Chapter 7 filing and a broken Marriott integration turned hotel stays into evacuation drills. At (02:45), they unpack why guests were kicked out mid stay, how the deal fell apart, and why travel bankruptcies always hit consumers the hardest. At (12:07), they turn to Meta’s scam economy. Fake celebrity ads, counterfeit products, crypto traps, and a moderation system that quietly profits from the gray zone between “real” and “obviously fake.” Jason and Kevin break down how misinformation spreads, why victims blame themselves, and why Meta would rather price...
2025-11-1945 minThe Octus Download
The Octus DownloadEP 19 | MTV Ridiculousness, Starlink Takes Orbit & The Recession Hot DogJason Sanjana and Kevin Eckhardt open with the bankruptcy of MTV’s Ridiculousness, the show that turned cultural decline into a business model. Thrill Intermediate LLC is in Chapter 11 after fourteen years and forty-six seasons, and Bloomberg’s sloppy redaction reveals Rob Dyrdek earning more than thirty-two million dollars a year. The hosts break down how a show built from recycled clips became a symbol of cultural bankruptcy (04:28). At (11:22), they dig into the case’s real story, a lender control fight rather than a liquidity crisis, with Dyrdek sitting on both sides of the table. Jason and Kevin...
2025-11-0554 minThe Octus Download
The Octus DownloadEP 18 | First Brands’ $2B Vanish, Publishers Clearing House Bankruptcy & Paul Thomas Anderson’s AmericaJason Sanjana and Kevin Eckhardt open with the kind of week that makes “crisis” sound quaint. First Brands’ auto parts empire gets gutted by a refinancing gone sideways, two billion dollars missing, and more double-pledged inventory than a payday loan strip mall. With founder Patrick James shown the door and CRO Charles Morris dragged off the bench (01:58), the pair dissect how nine billion in creditor claims is chasing what might be a three billion dollar business, and what “small f fraud” actually means when the court is holding the shovel. At (02:37), special guest Jared Muroff, Head of Special Si...
2025-10-2150 minThe Octus Download
The Octus DownloadEP 17 | First Brands Collapses, Argentina’s $20B Lifeline, and Why Failure WinsJason Sanjana and Kevin Eckhardt open with the collapse of First Brands (02:26), the autoparts empire that ran on borrowed cash until the music stopped. Once a $6 billion capital structure with 20 acquisitions since 2018, the company unraveled after a failed refinancing, a missing quality-of-earnings report, and an expensive dependence on factoring. Skylar Chen, Senior Reporter at Octus, joins (04:40) to explain how a billion dollars in liquidity vanished in weeks and why a traditional manufacturer ended up looking more like a shadow bank. The conversation turns to Argentina (14:13) and President Javier Milei’s $20 billion lifeline from the U.S. Treasury. Ma...
2025-10-0744 minThe Octus Download
The Octus DownloadEP 16 | Tricolor Collapse, QVC’s TikTok Gamble & Kawhi FalloutJason Sanjana and Kevin Eckhardt open in Dallas with the collapse of Tricolor Auto Group (02:58). Once a major subprime auto lender and used car chain catering to Hispanic communities across the Southwest, Tricolor filed Chapter 7 overnight, shuttering 65 dealerships. Allegations of double-pledged collateral, warehouse loan defaults, and immigration policy headwinds turned a growth story into a sudden liquidation, raising questions about broader risks in the $1.6 trillion U.S. auto loan market. From there (17:44) the spotlight shifts to QVC. Once the late-night shopping staple, the company now leans on TikTok influencers while battling tariffs, cord-cutting, and a billion-dollar deferred...
2025-09-2557 minThe Octus Download
The Octus DownloadEP 14 | Uncle Nearest Fallout, Stoli Valuations, K-Pop Demons and Dad CoreJason Sanjana and Kevin Eckhardt open in Tennessee with Uncle Nearest Premium Whiskey's court-ordered receivership. What began as a celebrated brand story has turned into missing collateral, questionable accounting, and a Martha's Vineyard real estate controversy. Fawn Weaver faces accusations of overstating barrel inventory by $21 million, transferring assets improperly, and violating gag orders through Instagram posts. Patrick Mohan, whiskey correspondent, joins (04:12) to discuss how premium spirits brands navigate financial distress and whether Uncle Nearest can survive its founder's social media strategy. From there (21:27), the conversation shifts to Stoli's rare full-blown cram down fight against Fifth Third Bank...
2025-09-0248 minThe Octus Download
The Octus DownloadEP 13 | Dolphins in Court, Vegas on the Edge, and the MailmanJason Sanjana and Kevin Eckhardt open in Florida with the bankruptcy of the Miami Seaquarium, owned by Mexico-based The Dolphin Company. What began as a typical debt-fueled acquisition has spiraled into one of the most contentious Chapter 11 cases of the year. Former CEO Eduardo Albor is accused of obstructing the current management, withholding company records, defying court orders, and even engineering an armed standoff at corporate headquarters. The case now includes $10K daily sanctions, $3.3 million in damages claims, and a tug-of-war between U.S. bankruptcy court and Mexican civil proceedings. David Zubkis, Legal Analyst at Octus, joins (03:51) to break...
2025-08-1956 minThe Octus Download
The Octus DownloadEP 12 | Brightline 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...
2025-08-0645 minThe Octus Download
The 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...
2025-07-2350 minThe Octus Download
The 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 loya...
2025-07-0946 minThe Octus Download
The 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...
2025-06-2556 minThe Octus Download
The 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-f...
2025-06-1144 minThe Octus Download
The 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...
2025-05-211h 02The Octus Download
The 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 Download
The 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 Download
The 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 minWelcome to the Arena from ICR – Conversations with Today\'s Innovators & Business Leaders
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 minMarketing on Mars
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 10Octus Radio
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 Radio
Octus 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 minOctus Radio
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 Radio
Octus 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 Radio
Octus 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 Radio
Octus 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 Radio
Octus 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 Radio
Octus 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 Radio
Octus 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 Radio
Octus 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 minOctus Radio
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 Radio
Octus 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 Radio
Octus 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 Radio
Octus 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 Radio
Octus 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 Radio
Octus 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 Radio
Octus 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 minOctus Radio
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 Radio
Octus 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 Radio
Octus 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 Radio
Octus 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 Radio
Octus 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 Radio
Octus 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 Radio
Octus 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 Radio
Octus 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 Radio
Octus 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 Radio
Octus 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 Radio
Octus 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 Radio
Octus 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 Radio
Octus 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 Radio
Octus 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 Radio
Octus 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 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 #leveragedloans
2024-03-1927 minOctus Radio
Octus 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 Radio
Octus 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 Radio
Octus 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 Radio
Octus 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 Radio
Octus 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 Radio
Octus 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 Radio
Octus 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 Radio
Octus 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 Radio
Octus 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 minOctus Radio
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 Radio
Octus 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 Radio
Octus 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 Radio
Octus 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 Radio
Octus 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 Radio
Octus 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 Radio
Octus 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 Radio
Octus 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 Radio
Octus 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 Radio
Octus 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 Radio
Octus 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 Radio
Octus 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 Radio
Octus 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 Radio
Octus 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 Radio
Octus 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 Radio
Octus 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 Radio
Octus 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 Radio
Octus 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-Trial
2023-11-2229 minOctus Radio
Octus 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 Radio
Octus 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 Radio
Octus 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 Radio
Octus 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 Radio
Octus 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 Radio
Octus 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 Radio
Octus 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 Radio
Octus 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 Radio
Octus 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 Radio
Octus 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 Radio
Octus 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 Radio
Octus 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 Radio
Octus 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 Radio
Octus 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 Radio
Octus 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 Radio
Octus 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 Radio
Octus 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 Radio
Octus 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 Radio
Octus 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 Radio
Octus 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. If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial We're looking for feedback to improve the podcas...
2023-09-1213 min