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1 week ago | 
news.bloomberglaw.com | Irene Perez |Irene García Pérez
The abundance of money flowing into private credit has fed a race-to-the-bottom to underwrite deals at beneficial terms for borrowers. When the economic cycle turns, it will be “game over” for a number of funds overly exposed to weak companies, according to Silver Point’s partner Michael Gatto. “We see every deal that’s getting done — there’s some good deals and there’s some bad deals,” Gatto said on Bloomberg Intelligence’s Credit Edge podcast.
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2 weeks ago | 
news.bloomberglaw.com | Irene Perez |Irene García Pérez
KKR & Co. has reached a restructuring agreement with a cohort of Selecta Group BV creditors that is set to leave investors outside of the negotiating bloc worse off. As part of the deal, the private equity firm will transfer ownership of the Swiss vending machine operator to creditors, who will take control through a new holding company.
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2 weeks ago | 
news.bloomberglaw.com | Irene Perez |Irene García Pérez
’s Distressed Products Group is leading and fully committing a $865 million first priority debtor-in-possession financing to Japanese auto-parts maker to support its Chapter 11 process, according to a person familiar with the matter.
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3 weeks ago | 
bilaterals.org | Irene Perez |Irene García Pérez
Key issues Investment Bloomberg | 4 June 2025 Spain makes first payment in lengthy renewable energy fight By Irene Garcia Perez The Spanish government made its first payment as a result of an arbitration decision in 2021 around the country’s move to change investor incentives tied to renewable energy projects, following a number of lengthy legal battles between Spain and various creditors. An entity called Blasket Renewable Investments, which petitioned a claim against the country in the US,...
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3 weeks ago | 
bloomberg.com | Irene Perez |Irene García Pérez
Wind turbines and electricity power lines in Zaragoza, Spain, on Tuesday, Feb. 25, 2025. Europe’s top renewable energy developer has focused the bulk of its investments on grid projects in the US, UK and other global markets — a business that has performed well.
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3 weeks ago | 
bloomberg.com | Irene Perez |Irene García Pérez
Strategic Value Partners (SVP) und eine Gruppe von Gläubigern von Klöckner Pentaplast befinden sich dem Vernehmen nach in fortgeschrittenen Gesprächen, die Fälligkeit der vorrangigen Schulden des Verpackungsunternehmens über das nächste Jahr hinaus zu verlängern. Inflation und nachlassende Nachfrage haben das Geschäft des Herstellers unter Druck gesetzt.
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3 weeks ago | 
bloomberg.com | Irene Perez |Irene García Pérez
Kloeckner Pentaplast, which produces packaging used in the food and pharmaceutical sectors, has been hit by weaker consumer demand and volatility in raw material prices Photographer: Chris Ratcliffe/Bloomberg(Bloomberg) -- Strategic Value Partners and a group of creditors of Kloeckner Pentaplast are in advanced talks to extend the maturity of the German packaging company’s senior debt as it tackles inflation and waning demand, according to people with knowledge of the matter.
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4 weeks ago | 
news.bloomberglaw.com | Eliza Ronalds-Hannon |Reshmi Basu |Irene Perez |Irene García Pérez
Saks Global Enterprisestold creditors it had an adjusted loss of more than $100 million last fiscal year, one day after it announced a $350 million financial lifeline ahead of a looming coupon payment. The luxury retailer has $275 million in overdue payments to suppliers, management told bondholders in a Friday call where it also shared figures from the 12-month period ended Feb. 1, according to people with knowledge of the call’s contents.
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1 month ago | 
bloomberg.com | Upmanyu Trivedi |Irene Perez |Irene García Pérez
This article is for subscribers only. An ex-Morgan Stanley banker in its credit sales team sued the lender over allegations she was dismissed in a “sham redundancy” in retaliation for raising concerns over potential market manipulation. Taif Adams, an executive director in leveraged finance sales, filed a lawsuit against the bank for unfair dismissal alleging she was ostracized after reporting internal issues to compliance.
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1 month ago | 
bloomberg.com | Silas Brown |Irene Perez |Irene García Pérez
Der FC Barcelona strebt dem Vernehmen nach eine Änderung seiner Kreditbedingungen an, um mehr Zeit für die Umbaumaßnahmen am Stadion Spotify Camp Nou zu gewinnen. Wie informierte Kreise Bloomberg berichten, ist der spanische Fußballclub mit den geplanten Arbeiten in Verzug geraten. Deren Phasen sind in den Kreditverträgen festgelegt.
