How close is Wilsonart to the point where creditors begin organizing?
Our latest analysis looks at the company’s leverage, liquidity, covenant cushion and proximity to S&P’s downgrade trigger.
Read more on the new BankruptcyData:
https://t.co/NAxQ6UcRql
#Restructuring
Excited to support this year’s Wharton Restructuring and Distressed Investing Conference as the industry takes a hard look at how private credit is redefining restructuring.
Register for the conference here and use code BD-10 for 10% off:
https://t.co/DAcpfezUPJ
United Site Services, Inc. – Creditor CastleKnight Master Fund Files Objection to First Day Relief, Intends to File Adversary Proceeding Challenging Debtors’ 2024 Liability-Management Transaction and “Double Dip” Structure as “Unlawful” #bankruptcy#portapotty
Another “isolated” event?
Bloomberg reports that 48Forty, a big pallet company is struggling to pay back its huge $1.75 billion loan. (PIK comes into play here too)
So the private equity lenders which include Antares Capital, a big Chicago lender, are taking over ownership of the company.
Summit Partners, a Boston private equity firm, and the people who gave them money — mainly pension funds, university endowments, wealthy families, and other big institutions lose big here
https://t.co/kCwoYMbc02
1Q25 Business Development Company (BDC) Report - Part III from Bankruptcy Data.
Private Credit Distress risk (or opportunity, depending on which side fo the restructuring table one is on).. https://t.co/OqBh5T3rtJ
Introducing Our Quarterly Private Credit/BDC Report
BDCs serve as a valuable proxy for the opaque Private Credit market, offering insights into portfolio company performance and emerging distress trends.
#PrivateCredit#BDC#AlternativeInvestments#Restructuring
We are pleased to invite you as sponsor to the 21st Annual Wharton Restructuring and Distressed Investing Conference, which will be held on Friday, February 21, 2025, at the Plaza Hotel in NY.
https://t.co/CPg5RfYym1
https://t.co/WDr3srMPTo
Use our Discount Code: BDNGR10-2025
Serta Simmons Bedding – Uptier Transaction Ruling Overturned by Fifth Circuit Court of Appeals; Confirmation Order Partially Reversed in Connection with Indemnity Provisions
Full story here:
https://t.co/g7QPjWkcXs
One of our favorite events is coming up. Less than a month away. We'll be releasing our annual league tables there. Hope to see you then! https://t.co/qc3AOTvtIi