Jane Komsky

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Defenses against co-op challenges - Do they need to work?

2 months ago | 9fin.com | Jane Komsky |Max Frumes

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ATD’s DIP approved after revising the rollup feature

Nov 21, 2024 | 9fin.com | Jane Komsky

This website uses cookies, pixel tags, and similar technologies (“Cookies”) for the purpose of enabling site operations and for performance, personalisation, and marketing purposes. We use our own Cookies and some from third parties. Only essential Cookies are used by default. By clicking “Accept All” you consent to the use of non-essential Cookies (i.e., functional, analytics, and marketing Cookies) and the related processing of personal data.
How many J&J companies can Jones Day represent before it’s a problem?

Nov 13, 2024 | 9fin.com | Jane Komsky

This website uses cookies, pixel tags, and similar technologies (“Cookies”) for the purpose of enabling site operations and for performance, personalisation, and marketing purposes. We use our own Cookies and some from third parties. Only essential Cookies are used by default. By clicking “Accept All” you consent to the use of non-essential Cookies (i.e., functional, analytics, and marketing Cookies) and the related processing of personal data.
Co-op challenges are coming - will they work?

Sep 12, 2024 | 9fin.com | Max Frumes |Jane Komsky

News and AnalysisMax Frumes+Jane Komsky12 September 2024•12 min readOne person’s cooperation turns out to be another’s collusion. As the amount of money becoming available within every imaginable institution looking to provide corporate credit exploded in the past five years even in proportion to the increasing trillions in demand, credit protections rapidly dwindled. Read all our public content for freeSign up for our newsletter to read this article nowWe won't spam.
CommScope’s two creditor groups weigh potential allegiance after announcement of asset sale

Jul 18, 2024 | 9fin.com | Max Frumes |Kartikeya Dar |Jane Komsky

News and AnalysisMax Frumes+Kartikeya Dar+ 1 more18 July 2024•3 min readCommScope is set to engage with two creditor groups — one secured-weighted and one unsecured-weighted — to potentially strike a deleveraging liability management deal following the announced asset sales on Thursday that could bring in nearly $2.1bn in cash, according to sources. The announcement sparked a rally in the company’s debt.
Steward’s deal with Optum sunk by DOJ investigation

Jun 28, 2024 | 9fin.com | Max Frumes |Jane Komsky

The DOJ declined to comment. Steward and UnitedHealth did not respond to requests for comment. The Boston Globe first reported on Optum walking away, while 9fin is exclusively reporting the reason. This potential sale of the physician group to Optum was the anchor holding Steward’s entire bankruptcy plan together — without the sale and consequently any path toward a bankruptcy exit, it may be difficult for the debtors to obtain financing long enough to keep operations going.
Robertshaw its own white knight - Understanding the decision

Jun 21, 2024 | 9fin.com | Jane Komsky

News and AnalysisJane Komsky21 June 2024•5 min readWith 9fin it’s easy to stay on top of news stories like Robertshaw. Find out what else we do on distressed and restructuring here.
Robertshaw decision crowns winners on both sides

Jun 20, 2024 | 9fin.com | Max Frumes |Jane Komsky

News and AnalysisMax Frumes+Jane Komsky20 June 2024•6 min readCustomers get breaking news ahead of the competition on the 9fin platform. Find out more about what we do for distressed and restructuring. The decision in the Robertshaw adversaryproceeding is a mixed bag for distressed debt investors, and the market could be left trying to untangle its nuances for a while — especially because the judgment revolved around the capitalization of a single term in the super priority credit agreement.
A tale of two retention applications - why Enviva sets bad precedent

Jun 10, 2024 | 9fin.com | Jane Komsky

News and AnalysisJane Komsky10 June 2024•8 min readWith 9fin it’s easy to stay on top of news stories. Find out what else we do on distressed and restructuring here. The Eastern District of Virginia may be dead to debtors counsel… again. In a shocking decision, Vinson & Elkins’ application to be employed as Enviva’s debtors’ counsel was denied primarily because of the firm’s disclosed relationship with equity sponsor Riverstone Investment Group on unrelated matters.
The Default Notice - Naked Launch

May 17, 2024 | 9fin.com | Max Frumes |Rachel Butt |Max Reyes |Kartikeya Dar |Larry Feldman |Cat Corey | +1 more

Market WrapMax Frumes+Rachel Butt+ 5 more17 May 2024•17 min readIn many ways, it makes sense for a public company that has debt trading at a discount to cobble together a creative discounted exchange offer to capture some discount without consulting with any of its creditors first.