9fin

9fin is the AI-native platform for the global debt markets. Helping modern credit teams save time, win business & outperform their competition.

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ICYMI: 9fin’s semi-annual league tables for law firms dropped last week! …

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9fin looked at who in the city could actually help: https://t.co/JxVkd8t7a8

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Zhuhai Huafa, the biggest state-owned company in the city of Zhuhai, China, has been weighing loan extensions, reportedly missed payments on some loans, and has more debt coming due before the end of the year. Its bonds have tumbled. Now it says it will try to sell some assets to other local state-owned firms.

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Will this lead to more competition for FTI in the space? Full breakdown: https://t.co/Otr3cC1LfM (5/5)

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WBS back-up managers when a business hits bankruptcy

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Back-up managers remain mostly in “cold” status, until there is a need for intervention. But with more visibility, they can ask for more favorable terms on pricing and oversight. Some changes have included liability language and expense caps, giving managers more flexibility if they have to step in. (4/5)

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Whirlpool’s game plan is price increases in Canada and the US, plus structural cost cuts. It has also lowered its year-end net debt target — can it get there if this housing slump drags on? More on 9fin: https://t.co/mymyTOIi9l (4/4)

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Whirlpool is going through a rough spin cycle… 😬

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Whirlpool also has significant exposure to the US housing market. Mortgage rates are at levels not seen since the early 2000s, while new home construction has slowed to a level not seen since Covid lows. Fewer homes built and sold = fewer kitchens and laundry rooms to fill. (3/4)

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In general, issuers have shied away from the long end of the curve as Treasury yields have risen, so the investment grade debt on the longer end has appealed to bondholders.

Read more on 9fin: https://t.co/KTcmY4mJn6 (4/4)

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Creatine for muscle gains, tight spreads for financial gains 💪

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P&G raised the debt across two continents. The 30-year notes priced at T+60bps. To price, banks leaned on demand for duration, P&G's lack of AI exposure and its Aa3/AA- ratings. (3/4)

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🎰 Read more on 9fin: https://t.co/QWx1JP1wvq

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Full House Resorts is in talks with lenders to refinance its debt and issue a new $525 million secured note to build a new casino in Waukegan, Illinois. The establishment, American Place, will be larger, and permanent, replacing its existing facility.

But with its falling bond prices — now down from 80.625 to 70 on Friday — will construction funding come together?