Knightleg Capital

Distressed Credit I SEC Unapproved I Tweets are Investment Advice I Waging War Against Private Market Valuation Methodology

[Knightleg Capital @Knightlegcap]

James Thomas Fishback has been vindicated once again

[Amelia Pollard @ameliajpollard]

Billionaire David Einhorn’s throwing a 30th anniversary party for his hedge fund this weekend. On the invite, he says he wants the “ladies” in “sexy party clothes”. Come again?

My first for @FTAlphaville: https://t.co/EFuLB6o9yv

[Knightleg Capital @Knightlegcap]

The due diligence Elliott should’ve done before amassing a $1 billion stake in $LULU

[AlgoFlows @algoflows]

We have sent Algoflows Analyst#3 to do market research on $LULU. This is what he found out.

[Knightleg Capital @Knightlegcap]

DIP Lenders right now:

[VolMachine @VolMachine]

Never seen a DIP paper get whacked like this.

[Knightleg Capital @Knightlegcap]

@HighyieldHarry Onset has the opportunity to do something really funny

[Knightleg Capital @Knightlegcap]

Sir, the First Brands DIP has broken below par

[junkbondinvestor @junkbondinvest]

Situation so bad that First Brands' DIP is trading at 90 cents

> DIPs are super-senior bankruptcy financing
> First in repayment priority
> Supposed to be low-risk

When a DIP trades below par, it means even the safest loan in the capital structure is impaired

The existing 1L TL? ~7.5 cents!

[Sujeet Indap @sindap]

NEW: Altice USA says cooperation agreement formed by Apollo, Ares, Blackrock, Oaktree et al, is an antitrust violation and takes shot at advisers behind them:

https://t.co/O0vPXtiqXe Altice USA accuses creditors of forming ‘illegal cartel’

[Knightleg Capital @Knightlegcap]

“Some in our market are pushing aggressively to organize groups very early on (self-interested reasons to secure a mandate)… an unfortunate path, triggering unnecessary noise and activity around names, causing negative impacts for businesses”

Who is this referencing?

[Knightleg Capital @Knightlegcap]

@chasing_ccc

[Knightleg Capital @Knightlegcap]

Nobody:

CLO analyst underwriting the LBO:

[Restructuring__ @Restructuring__]

Does anyone know the TEV or multiple Platinum Equity acquired Oregon Tool for?

[Knightleg Capital @Knightlegcap]

I have received communications related to a deal-away from a firm who calls themself PJT that are highly suspicious.

[Jeffrey Gundlach @TruthGundlach]

I have received communications related to art dealing from a person who calls themself Natasha Dobson that are highly suspicious.

[Knightleg Capital @Knightlegcap]

@bottombucketaf &CH11

[Knightleg Capital @Knightlegcap]

The PE partner when he sees the credit PM in the cafeteria (they are refusing to convert to PIK)

[Exec Sum @exec_sum]

NEWS: Vista Equity Partners is now coordinating and underwriting debt deals for its own portfolio companies.

[Knightleg Capital @Knightlegcap]

@AcaciaCap You’re hired

[Knightleg Capital @Knightlegcap]

Gibson Dunn tracking down the last lender for their co-op to go effective

[Knightleg Capital @Knightlegcap]

Gibson Dunn flanked by three CLO analysts

[Knightleg Capital @Knightlegcap]

@Plum_Capital @lolviolence I did in fact get blocked

[Knightleg Capital @Knightlegcap]

Nobody:

Sponsor DQ lists:

[Knightleg Capital @Knightlegcap]

@bankingslut I don’t, but one of their competitors paid me to post this

[Knightleg Capital @Knightlegcap]

Reorg changing its name to Octus

[𝐿𝓊𝓍𝑒𐙚 @btchsdtm]

What's something people romanticize but it's actually horrible?

[Knightleg Capital @Knightlegcap]

@GreensplattCap