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Nov 15, 2024 | 
9fin.com | Nathan R. Mitchell |Emmet Mc Nally
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Jun 21, 2024 | 
9fin.com | Bianca Boorer |Denitsa Stoyanova |Emmet Mc Nally |William Macadam |Max Frumes
Winding Up is 9fin's weekly newsletter, incorporating summaries and commentary from our European distressed coverage for the past week. Find out more about what we do for distressed here. Cast your mind back two years, just as inflation soared and interest rates began their ascent. Expectations were that we could be seeing the makings of a real default cycle, where restructurings would have to materially delever companies and lenders would have to stomach painful haircuts.
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Jun 14, 2024 | 
9fin.com | Bianca Boorer |Denitsa Stoyanova |Emmet Mc Nally |William Macadam |Nathan R. Mitchell |Max Frumes
Winding Up is 9fin's weekly newsletter, incorporating summaries and commentary from our European distressed coverage for the past week. Find out more about what we do for distressed here. So, the Fed held interest rates…Why has the Fed gotten so hawkish on rate cuts? “The big thing that changed was the inflation forecast.
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May 13, 2024 | 
9fin.com | Emmet Mc Nally |Nathan R. Mitchell
Altice France’s standoff with creditors is heating up. Secured creditors advised by Gibson Dunn and Rothschild have signed a cooperation agreement with a view to binding their acts together, while a cross-holder group advised by Milbank, Houlihan Lokey and Willkie Farr has also formed. To determine potential outcomes for creditors it's first important to understand not only where value breaks but also where it sits in the group, and owner Patrick Drahi’s levers to direct proceedings.
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Dec 6, 2023 | 
9fin.com | Emmet Mc Nally
News and AnalysisEmmet Mc Nally7 December 2023•12 min readAroundtown is one of Europe’s largest real estate conglomerates, with a portfolio of office, residential and hotel properties. It remains investment-grade rated for now, despite the challenges it faces, ordinarily putting it outside the scope of 9fin analysis and coverage.
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Nov 28, 2023 | 
9fin.com | Emmet Mc Nally
Aroundtown is one of Europe’s largest real estate conglomerates, with a portfolio of office, residential and hotel properties. It remains investment-grade rated for now, despite the challenges it faces, ordinarily putting it outside the scope of 9fin analysis and coverage. However, with such a large cap stack that is already trading in high-yield territory and elevated interest in the name, it was only a matter of time before we began picking apart this complex and opaque credit.
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Oct 25, 2023 | 
9fin.com | Emmet Mc Nally
Aroundtown is one of Europe’s largest real estate conglomerates, with a portfolio of office, residential and hotel properties. It remains investment-grade rated for now, despite the challenges it faces, ordinarily putting it outside the scope of 9fin analysis and coverage. However, with such a large cap stack that is already trading in high-yield territory and elevated interest in the name, it was only a matter of time before we began picking apart this complex and opaque credit.
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Jul 17, 2023 | 
9fin.com | Hazik Siddiqui |Emmet Mc Nally
German Real Estate (German RE) has become a closely watched and a much debated sector. A string of short-seller attacks, that began with Muddy Waters taking a short position in Corestate stock in 2019, has put a spotlight on everything from questionable governance to dubious transactions and asset valuations.
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Jun 1, 2023 | 
9fin.com | Hee Li Leung |Arturo Alaimo |Yusuf Sule |Ameeq Singh |Nathan R. Mitchell |Emmet Mc Nally | +2 more
Despite a busy earnings schedule, 9fin aims to bring you up to date with results you may have missed during the week. Below you will find a TLDR earnings summary for selected companies in the European HY market. The summary aims to capture earnings performance, recent updates and any guidance mentioned in the call. In this week’s edition we cover Douglas, Canpack, United Group, Fedrigoni, Kiloutou, Tele Columbus, Cerba, Kloeckner Pentaplast, Cheplapharm, and Arxada.
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May 18, 2023 | 
9fin.com | Emmet Mc Nally |Toby Udofia |Hazik Siddiqui |Arturo Alaimo |Josh Latham |Yusuf Sule | +3 more
Despite a busy earnings schedule, 9fin aims to bring you up to date with results you may have missed during the week. Below you will find a TLDR earnings summary for selected companies in the European HY market. The summary aims to capture earnings performance, recent updates and any guidance mentioned in the call. In this week’s edition we cover Ceconomy, BioGroup LCD, SIGNA Development, Upfield, Schoeller Allibert, Ideal Standard, Maxeda, Verisure, McLaren, KCA Deutag, and Lowen Play.
