Shows
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 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 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 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 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 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 min
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 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 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 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 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 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 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.
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 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.
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_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 💡
If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial
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.
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...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
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...2023-08-1518 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
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/
#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 minOctus RadioConversations With Reorg: DWS’ Jens Witzke and Marcus Herbig from DWS GroupIn the latest entry in Reorg’s Expert Views series, debt origination reporter Nick Krause speaks to DWS Group’s head of private credit Jens Witzke and head of structured income Marcus Herbig about fundraising in the current challenging macroeconomic environment, the right level of financial covenants, whether or not limited partners, or LPs, are seeking safety in larger funds, and the key trends to watch out for in the second half of the 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...2023-08-0426 minOctus RadioH1 Covenant Trends; Automotive Issuers Analysis; TalkTalk RCF Lenders Hold Pitches With AdvisorsEach 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 half-year report for 2023 on leveraged loans and high-yield bond covenants and what trends can be seen;
-Key credit metrics trends for European automotive issuers and the market prices of their debt instruments;
-TalkTalk’s RCF lenders who are taking pitches from financial advisors ahead of 2024 maturity; and
-Highlights of the primary market.
If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial
We're looking for feedback to impr...2023-08-0114 minOctus RadioDr. Edward Altman Says Commercial Bankruptcies Are Set to Spike in 2024-25In this week’s Primary View podcast, Dr. Edward Altman, the legendary bankruptcy expert, discusses the outlook for debt-saddled zombie companies with Reorg reporter Gaurav Sharma. The New York University professor, best known for the Z-Score formula, cautions that bankruptcy cases are likely to increase in 2024-25, even if the U.S. avoids a recession.
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.co...2023-07-3150 minOctus RadioAltice Debt Sell-Off; SBB Bonds Drop; Leoni Completes Restructuring; 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:
What triggered a recent sell-off in the debt of telecom operator Altice
Embattled Swedish real estate company SBB, which has seen its bonds fall by 2-3 points after talks with Brookfield about the sale of a 51% stake in its social infrastructure portfolio ceased;
Leoni becoming the first major company to complete a restructuring plan under the German Corporate Stabilization and Restructuring Act; and
Tomorrow’s primary webinar and the highlights of the mark...2023-07-2519 minOctus RadioHow Mackay Shields MD David Dowden Maximizes Income For ShareholdersDavid Dowden, managing director at Mackay Shields, discusses with Seth Brumby, Deputy Managing Editor at Reorg, how to generate income for municipal portfolios following recent bouts of volatility in this week’s podcast.
Fixed income portfolios struggled for over a decade with a secular decline in interest rates, which reduced income for bondholders. This was followed by a meteoric rise in inflation and interest rates that hammered bond values. This was an opportunity to accrue tax swaps that can be applied toward future tax liabilities once the bond market rallied and produced better income generating investments.
If you are not a...2023-07-2424 minOctus RadioSigna Equity Raise; European Automotive Analysis; Accolade Wines Hires Rothschild; 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:
- The latest on Austrian real estate company Signa, which recently
secured a €500 million equity investment commitment from
shareholders to support the company in a deteriorating real estate
market;
- Reorg’s analysis of the European automotive industry;
- Australian wine producer Accolade Wines hires Rothschild to
address maturities in 2024 and 2025; and
- Highlights of the primary market this week.
If you are not a Reorg subscriber, request access here: go.reorg-research.com/Po...2023-07-1818 minOctus RadioReorg Radio Europe: Thames Water Funding; Atalian Restructuring; 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:
-U.K. water utility Thames Water’s recently secured equity funding;
-The restructuring options for Atalian, a France-headquartered contract cleaner and facilities management provider; and
-Highlights of the primary market.
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...2023-07-1116 minOctus RadioReorg Radio Europe: Thames Water Struggles With £14B Debt Burden; Casino Business Plan; 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:
- U.K. water utility Thames Water, which is struggling with a £14
billion debt burden;
- French retailer Casino, as creditors grapple to come to terms with
the group’s latest proposal to overhaul its debt-laden structure amid
continued operational underperformance and widening structural
flaws; and
- Highlights of the primary market this week.
If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial
We're looking for feedback to im...2023-07-0415 minOctus RadioReorg Radio Europe: Orpea Valuation; SBB to Sell EduCo Stake; Ams-Osram Refi ProspectsEach 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:
-French care home operator Orpea following the release of an independent valuation report and how it may impact the group’s restructuring;
-Swedish property group SBB’s new deal with Brookfield to sell its remaining EduCo stake, which could save it from a messy restructuring; and
-The refinancing prospects of Austrian sensor solutions group Ams-Osram AG.
If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial
We're looking for fe...2023-06-2714 minOctus RadioReorg Radio Europe: Primary Update; EG Group Waterfall Analysis; European High-Yield Bonds TrendsEach 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:
- Primary market updates;
- Reorg’s new waterfall analysis of U.K. petrol station and convenience
retail company EG Group; and
- Portability trends in European high-yield bonds in 2023.
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...2023-06-2013 minOctus RadioReorg Radio Europe: Orpea Restructuring; UK Altnets on Investor Radar; McLaren Liquidity 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:
- French care home provider Orpea ahead of the deadline for
creditors to vote on its restructuring proposal on June 22 and why
some dissenting creditors are urging fellow creditors to reject it;
- Why alternative communications network providers, or altnets, have
caught the attention of distressed investors and restructuring
advisors in the U.K.; and
- Investor concerns about British sports car maker McLaren running
out of cash, despite receiving more than £1 bil...2023-06-1316 minOctus RadioReorg Radio Europe: Casino Waiver Consent; HSE Waterfall Model; Idverde Liquidity Concerns; 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:
Updates on French retailer Casino French retailer Casino, which earlier today received consent from the required majority of its 2026, 2027 noteholders to effect waivers to events of default and to make amendments to certain provisions governing the notes for the duration of the group's conciliation proceedings;
Reorg’s waterfall model of German shopping retailer HSE Finance;
B2B landscaping company Idverde’s liquidity concerns; and
A roundup of what’s going on in the prim...2023-06-0617 minOctus RadioReorg Radio Europe: Asda/EG Group; Biscuit International; Turkish Eurobonds; 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:
- The sale of the majority of U.K.-based petrol station forecourt
empire EG Group UK and Ireland fuel, foodservice and grocery
business to U.K. supermarket chain Asda;
- Why the loans of the France-based private label confectionery
maker Biscuit International have surged over 10 points this month;
- The impact of the win of Recep Erdogan as president of Turkey on
the country’s eurobonds; and
- A roundup of what...2023-05-3116 minOctus RadioReorg Radio Europe: Tele Columbus, Schoeller; Private Credit; Airband Capital Raise; 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:
- Latest developments of German cable TV group Tele Columbus and
German reusable transit packaging group Schoeller;
- The comeback of bank risk appetite to back deals and the space of
#privatecredit;
- UK broadband provider TalkTalk’s upcoming #debtmaturities and
broadband company Airband’s capital raise; and
- A roundup of what’s going on in the #primarymarket.
If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast...2023-05-2316 minOctus RadioReorg Radio Europe: Metalcorp RX; Adler Pelzer Refi; Casino Consent Solicitation Deadline; 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:
Luxembourg-based metals and mining group Metalcorp’s #restructuring proposal;
The #refinancing of German autoparts supplier Adler Pelzer;
French retail group Casino’s consent solicitation deadline on May 19; and
A roundup of what’s going on in the #primarymarket.
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
F...2023-05-1614 minOctus RadioReorg Radio Europe: European Real Estate Market; PSP Set to Take Keter Control; Primary HighlightsEach episode of Reorg's weekly EMEA Core Credit podcast series features detailed discussion on issues and companies across the credit lifecycle. This week’s podcast includes discussion of:
- European real estate market, as companies grapple with decreasing
valuations and transaction volumes;
- Latest on global resin-based consumer products group Keter after
its minority shareholder PSP Investments launched a proposal to
take control of the business; and
- Highlights of the European #primarymarket.
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 he...2023-05-0914 minOctus RadioReorg Radio Europe: Sector Alarm Underperformance; Cimolai Concordato; Lycra Refinances; PrimaryEach episode of Reorg's weekly EMEA Core Credit podcast series features detailed discussion on issues and companies across the credit lifecycle. This week’s podcast includes discussion of:
- Norwegian home security system group Sector Alarm’s #liquidity
concerns;
- Italian steel product manufacturer Cimolai’s concordato proposal;
- Spandex maker Lycra’s #refinancing; and
- Highlights of the European #primarymarket.
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 late...2023-05-0215 minOctus RadioReorg Radio Europe: Adler Restructuring Judgment; Atalian Refinancing; Hilding Anders; PrimaryEach episode of Reorg's weekly EMEA Core Credit podcast series features detailed discussion on issues and companies across the credit lifecycle. This week’s podcast includes discussion of:
- The English High Court’s judgment on Adler Group’s restructuring
plan judgment;
- The latest updates on Atalian’s refinancing process;
- Hilding Anders’ interim restructuring transaction to shore up liquidity; and
- Highlights of the busy European primary market.
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...2023-04-2517 min
Octus RadioReorg Radio Europe: Biscuit International Loans Drop; Takko Restructuring; Private Credit OverviewEach episode of Reorg's weekly EMEA Core Credit podcast series features detailed discussion on issues and companies across the credit lifecycle. This week’s podcast includes discussion of:
- French biscuit producer Biscuit International after it saw its loans
drop to the low 70s last month;
- German fashion retailer Takko’s restructuring agreement; and
- An overview of the private credit space in the first quarter.
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_podc...2023-04-1810 min
Octus RadioReorg Radio Americas: Recap, Look Ahead and Latest Episode From The Reorg Primary ViewOur weekly recap and preview for next week features Genesis, Party City and Travelport.
This week we also feature a replay from The Reorg Primary View series, where Robert Keach, co-chair of Bernstein Shur’s business restructuring and insolvency practice, discusses the past, present and future of subchapter V, the section of the Bankruptcy Code added in 2019 for small-business debtor reorganizations, with Harvard Zhang, associate editor at Reorg.
The Reorg podcast is now available on Reorg’s Webinars & Podcasts Page. The podcast is also available on Spotify, SoundCloud, Amazon and iTunes.
We're looking for feedback to improve the podcast experience! Plea...2023-01-2354 minOctus RadioReorg Radio Europe: Adler, Metro Bank, Lycra, Primary HighlightsEach episode of Reorg's weekly EMEA Core Credit podcast series features detailed discussion on issues and companies across the credit lifecycle. This week’s podcast includes discussions of:
- German real estate company Adler Group’s restructuring proposal;
- U.K. high street lender Metro Bank;
- Spandex producer Lycra’s refinancing talks; and
- Highlights in the primary market 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_podcast_survey
#highyieldbonds #leveragedloans2022-12-1316 minOctus RadioReorg Radio Europe: Primary; Frigoglass Notes Restructuring Plan; Convene Restructuring ProposalEach episode of Reorg's weekly EMEA Core Credit podcast series features detailed discussion on issues and companies across the credit lifecycle. This week’s podcast includes discussion of:
- Highlights in the primary market this week;
- Greece-based commercial fridge and glass manufacturer Frigoglass’
plan to boost liquidity and restructure its €260 million bonds; and
- Norwegian medical payments processor Convene Group has
indicatively approved a restructuring proposal from an ad hoc group
of noteholders.
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 though...2022-12-0614 min
Octus RadioReorg Radio Europe: Venator Debt Talks; Naviera Armas; Telepizza Debt Restructuring; VEON; AdlerEach episode of Reorg's weekly EMEA Core Credit podcast series features detailed discussion on issues and companies across the credit lifecycle. This week’s podcast includes discussion of:
- U.K.-based chemical maker Venator Materials’ debt talks;
- Spanish ferry operator Naviera Armas, which is evaluating several
options to deal with its stretched liquidity;
- Spanish fast food restaurant group Food Delivery Brands’ debt
restructuring;
- Netherlands-headquartered telecoms group VEON, which has
proposed an eight-month extension to its two 2023 notes; and
- German real estate company Adler, which signed a lockup
agreement with a group of bondholders.
If you are no...2022-11-2916 minOctus RadioReorg Radio Europe: Constellation Automotive; Strada dei Parchi; Miller Homes, KeepmoatEach episode of Reorg's weekly EMEA Core Credit podcast series features detailed discussion on issues and companies across the credit lifecycle. This week’s podcast includes discussion of:
- Highlights in the primary market this week;
- U.K. used car trading platform Constellation Automotive’s liquidity
position;
- Italian group Strada dei Parchi, whose lenders recently held pitches
to select a financial advisor for upcoming talks with the company;
and
- U.K. house building companies Miller Homes and Keepmoat’s bonds,
which have come under pressure following a slowdown in the
country’s housing market.
If you are not a Re...2022-11-2216 minOctus RadioReorg Radio Europe: Venator Q3 Results; Casino; EG Group; Emirates REIT Facing Dec. MaturityEach episode of Reorg's weekly EMEA Core Credit podcast series features detailed discussion on issues and companies across the credit lifecycle. This week’s podcast includes discussion of:
- UK chemicals company Venator's disappointing earnings;
- Latest developments on French retailer Casino;
- Why U.K. petrol station operator EG Group has attracted advisor attention;
- Dubai-based real estate group Emirates REIT facing a $400M sukuk
maturity in December.
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...2022-11-1514 minOctus RadioReorg Radio Europe: Orpea Webinar; Corestate Restructuring Proposals; Reorg Event HighlightsEach episode of Reorg's weekly EMEA Core Credit podcast series features detailed discussion on issues and companies across the credit lifecycle. This week’s podcast includes discussion of:
- Webinar on the latest developments of French care home operator
Orpea;
- Highlights of Reorg’s live panel event at Claridge’s; and
- German real estate manager Corestate restructuring proposals.
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_survey2022-11-0821 minOctus RadioReorg Radio Europe: Ceconomy; Iceland; Metalcorp Developments; Matalan M&A; Primary Market UpdateEach episode of Reorg's weekly EMEA Core Credit podcast series features detailed discussion on issues and companies across the credit lifecycle. This week’s podcast includes discussion of:
- Analysis of German headquartered consumer electronics retailer;
- Ceconomy and British supermarket chain Iceland;
- Latest developments of Luxembourg-headquartered metals and
mining group Metalcorp;
- Matalan undergoes an M&A process; and
- Highlights in the primary market 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...2022-10-2516 minOctus RadioReorg Radio Europe: Matalan; Keter; Primary Market UpdateEach episode of Reorg's weekly EMEA Core Credit podcast series features detailed discussion on issues and companies across the credit lifecycle. This week’s podcast includes discussion of:
- The ongoing M&A process of U.K. retailer Matalan;
- The first European installment of our Expert Views series of on how
some direct lenders are avoiding losses in times of volatility;
- Global resin-based consumer goods producer Keter’s A&E request,
and;
- An overview of the primary market.
If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial.
We're looking for feedback to impr...2022-10-1814 minOctus RadioReorg Radio Europe: Atos Bonds Under Pressure; Metalcorp Meets Creditors; NSF, Morses SchemesEach episode of Reorg's weekly EMEA Core Credit podcast series features detailed discussion on issues and companies across the credit lifecycle. This week’s podcast includes discussion of:
- French IT consulting company Atos, which has seen its bonds come under pressure;
- Luxembourg-headquartered metals and mining group Metalcorp which withheld a €70 bond principal payment on Monday of last week, triggering a 40-point drop in its 2026 bonds;
- Non-Standard Finance and Morses Club, two subprime loan providers which are both looking to implement a scheme of arrangement; and
- A roundup of the latest from the European primary market.
If you...2022-10-1114 minOctus RadioReorg Radio Europe: Pizza Express Waterfall ; Matalan Recapitalization; Metalcorp Facing DefaultEach episode of Reorg's weekly EMEA Core Credit podcast series features detailed discussion on issues and companies across the credit lifecycle. This week’s podcast includes discussion of:
- U.K.-based casual dining chain Pizza Express’ waterfall model;
- U.K. value retail group Matalan, its strategic sales process, the terms of its debt recapitalization;
- Luxembourg-headquartered metals and mining group Metalcorp facing default; and
- A roundup of the latest from the European primary market.
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...2022-10-0415 minOctus RadioReorg Radio Europe: Tele Columbus Notes Fall to Mid-80s; Primary Market Roundup; IPEM HighlightsEach episode of Reorg's weekly EMEA Core Credit podcast series features detailed discussion on issues and companies across the credit lifecycle. This week’s podcast includes discussion of:
German TV group Tele Columbus’ loan term loan B and bond have come under pressure in recents months;
Roundup of the primary market at the moment;
Highlights of the IPEM conference in Cannes 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.2022-09-2713 minOctus RadioReorg Radio Europe: Itenum, Rovensa Expected to Price This Week; Houst Webinar HighlightsEach episode of Reorg's weekly EMEA Core Credit podcast series features detailed discussion on issues and companies across the credit lifecycle. This week’s podcast includes discussion of:
French IT services company Inetum and Portuguese specialty crop nutrition provider Rovensa are expected to price this week;
Extracts of last week's webinar covering the first use of the Part 26A Restructuring Plan in the SME market by Houst Ltd.
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...2022-09-2016 min
Octus RadioReorg Radio Europe: Nordic Real Estate Hybrid Bonds; Bond Buybacks; Zambia Loan PackageEach episode of Reorg's weekly EMEA Core Credit podcast series features detailed discussion on issues and companies across the credit lifecycle. This week’s podcast includes discussion of:
How hybrid bonds issued by Nordic real estate companies are attracting investors’ attention.
Why with a large share of high-yield bonds trading well below par, bond buybacks have become a key tool for companies to opportunistically reduce their debt.
The impact of the IMF’s three-year $1.3B loan package to Zambia and the concerns of the sovereign’s creditors.
If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast...2022-09-1321 minOctus RadioReorg Radio Europe: KP Challenges; Cineworld Winding Up Petition; Nostrum SchemeEach episode of Reorg's weekly EMEA Core Credit podcast series features detailed discussion on issues and companies across the credit lifecycle. On this week’s podcast, we discuss:
- The challenges German plastics packaging group Kloeckner Pentaplast is facing in the current macroeconomic environment.
- The new winding up petition brought against Cineworld in the English High Court.
- The current deals in the European Leveraged loan market.
- Nostrum Oil & Gas’ scheme of arrangement and what it tells us about the English courts’ approach to creditors who are sanctioned as a result of Russia’s invasion of Ukraine.
If you are...2022-09-0615 minOctus RadioReorg Radio Europe: MPS’ Possible Cap Increase; Potential Cineworld Ch. 11; Cruise Sector InsightEach episode of Reorg's weekly EMEA Core Credit podcast series features detailed discussion on issues and companies across the credit lifecycle. This week’s podcast includes discussion of:
Italian bank Monte dei Paschi di Siena and the possibility of a capital increase;
The latest on Cineworld after it said a chapter 11 filing was one route it could follow to achieve its restructure objectives;
Insights on the cruise sector, powered by data from Aggredium.
We're looking for feedback to improve the podcast experience! Please share your thoughts here: www.research.net/r/Reorg_podcast_survey.
If you are not a Reorg su...2022-08-2313 minOctus RadioEMEA Core Credit: 2023 Maturities; Norican; Adler; Value Leakage Risk in Loan Documents (Aug. 5)Each episode of Reorg's weekly EMEA Core Credit podcast series features detailed discussion on issues and companies across the credit lifecycle. This week’s podcast includes discussion of:
- A summary of high-yield and loan credits with maturities in 2023, as a challenging primary market makes refinancing difficult.
- The latest news on German real estate company Adler Real Estate.
- An overview of Danish industrial engineering group Norican and the refinancing prospects of its €340 million senior secured notes due in May 2023.
- Increased value leakage risks for lenders where a senior facilities agreement has a so-called Available Amount basket, with no a...2022-08-0917 min
Octus RadioReorg Americas Podcast (March 18, 2022) Aircraft Finance and Enhanced Equipment Trust CertificatesAmericas Core Credit Weekly Podcast for March 18, 2022. This week, we take a look at LATAM, Talen Energy, Cineworld and Ultra Petroleum. For this week’s deep dive, Reorg’s Sean Daly and Evan Wallach, president and CEO of Global AirFinance Services Inc., discuss enhanced equipment trust certificates, or EETCs, a tax-efficient security utilized in aircraft finance. Evan and Sean discuss the structure of EETCs and the benefits to airline issuers and investors, and take a close look at two recent EETC issues that were subject to rejection in chapter 11.2022-03-2152 minOctus RadioReorg Americas Podcast (March 11, 2022) Party City, Purdue, Puerto Rico, EnvisionAmericas Core Credit Weekly Podcast for March 11: Party City Faces Global Helium Shortage; Purdue Judge Approves Sackler Settlement With 8 States, DC; Puerto Rico Abandons PREPA RSA; Envision Contemplates New-Money Debt Raise2022-03-1408 min
Octus RadioAmericas Core Credit Podcast: PROMESA, Limetree Bay, Washington Prime and more (Jul. 16, 2021)In this week's podcast the Americas Core Credit team covers: PROMESA Oversight Board Previews Settlement With UCC; Limetree Bay Files Ch. 11; Judge Isgur Conditionally Approves Washington Prime DS; KERP Bonuses in LSC Communications Overruled on Appeal; and Pipeline Foods’ First Day Hearing.2021-07-1910 min
Octus RadioReorg Europe Podcast: CEEMEA Special - Global Ports Holding (April 29, 2021)Each episode of the Reorg Europe biweekly podcast series features a deep dive on issues and companies in the distressed and high-yield space. This week, we take a look at Turkish port operator Global Ports Holding.
If you are not a Reorg subscriber, request access here: https://go.reorg-research.com/Podcast-Trial2021-04-2911 min