Gaurav Sharma(高和）

Distressed (Debt) Reporter @OctusCredit (Formerly Reorg)Previously, China Correspondent at @IANS_India. @nyu_journalism

[Gaurav Sharma(高和） @tsgaurav]

@junkbondanalyst 🤣

[Gaurav Sharma(高和） @tsgaurav]

@junkbondanalyst 🤣

[Gaurav Sharma(高和） @tsgaurav]

@HighyieldHarry

[Gaurav Sharma(高和） @tsgaurav]

@Saks Global Chairman Richard Baker has called bankruptcy news reports "unsettling" after @OctusCredit reported on Dec. 19 that the luxury retailer was considering a bankruptcy filing. In an emailed statement, Baker says Saks "is exploring all potential paths."

[Gaurav Sharma(高和） @tsgaurav]

Not the holiday sparkle Saks wanted 🎁
The luxury department store is preparing a DIP loan ahead of a possible Chapter 11 bankruptcy,with a $100M+ interest payment looming at month-end. Read more at @octus

[Harvard Zhang @harvardzhang]

Saks prepares DIP loan ahead of potential chapter 11 bankruptcy, as luxury department store chain faces >$100mm interest payment end of month in the middle of all-important holidays quarter, sources told @PFitzNews, @tsgaurav and me.

[Harvard Zhang @harvardzhang]

Self driving car tech company Luminar Technologies missed interest payment last week, indicating a likely liquidity shortfall, potential restructuring ahead, per sources. $LAZR

[Harvard Zhang @harvardzhang]

Ryan Dahl of Ropes & Gray is joining Latham & Watkins, per sources. Dahl was engaged in some of the biggest LME/rx deals. The move follows major changes in Latham’s rx/special sit practice, as Ray Schrock, Andrew Parlen and John Sobolewski joined the firm with leadership roles.

[Gaurav Sharma(高和） @tsgaurav]

Despite a recent debt restructuring, luxury retailer Saks Global remains under strain. The company's EBITDA loss swelled to $77M as revenue slid 13% in Q2. #SAKS

[Gaurav Sharma(高和） @tsgaurav]

@OctusCredit reported last week that Xerox hired Kirkland & Ellis as legal adviser as $4.4B debt, tariff hits & falling printer demand weigh on earnings while it integrates the $1.5B Lexmark deal.

[Harvard Zhang @harvardzhang]

Office Properties Income Trust’s chapter 11 bankruptcy consideration was reported by @tsgaurav and myself a month ago for @OctusCredit $OPI

[Gaurav Sharma(高和） @tsgaurav]

@AdityaRajKaul Ass-sniff Muneer

[Gaurav Sharma(高和） @tsgaurav]

@SpiritAirlines is weighing bankruptcy.
Just to keep the record straight it was team @Reorg— Patrick Fitzgerald, @harvardzhang, Geoff Burrows and I— that had the #scoop.

[Harvard Zhang @harvardzhang]

Wheel Pros / Hoonigan has filed for a quick prepack chapter 11 to cut debt. @tsgaurav, Geoff, @PFitzNews and I reported last month on the bankruptcy preparation, citing sources. The restructuring marks the first in-court process of a previous double-dip LME sit in recent memory.

[Gaurav Sharma(高和） @tsgaurav]

Bopanna and Enden are 🔥 so far! #USOpen2024

[Harvard Zhang @harvardzhang]

Del Monte Foods executed a dropdown + priming liability management deal, @tsgaurav and I reported earlier this week citing sources

[Gaurav Sharma(高和） @tsgaurav]

#Scoop with @harvardzhang Clearlake-backed Wellpet moved assets away from lenders and then sold them to United Petfood for $57.5 million.

[Gaurav Sharma(高和） @tsgaurav]

Still buzzing from the World Trade Center watch party! We did it, India! ❤️ 🇮🇳 #ChakDeIndia #BleedBlue

[Gaurav Sharma(高和） @tsgaurav]

@MichaelKugelman Half-mast in Pakistan

[Gaurav Sharma(高和） @tsgaurav]

@Knightlegcap 😆

[Harvard Zhang @harvardzhang]

Telecom hardware/software provider Casa Systems filed for bankruptcy for sale. @tsgaurav and I reported in February on the chapter 11 preparation for @Reorg, citing sources $CASA