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1 month ago | 
9fin.com | Josh Latham
At 9fin, we’re building tools for debt market professionals. Several of us have worked in big banks and law firms — and have lived the challenges first-hand. We build tools tailored to our customers’ needs, and our engineers speak with clients on a regular basis to stay ahead of what matters most to them. That’s why we built 9fin AI, integrating generative AI to help our customers streamline their research.
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Nov 4, 2024 | 
9fin.com | Josh Latham |Ryan Daniel
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Jul 14, 2024 | 
9fin.com | Josh Latham |Alessandro Albano |Laura Thompson |Karis Hustad
News and AnalysisJosh Latham+Alessandro Albano+ 2 more15 July 2024•14 min readTLDR€103bn of term loan Bs were issued in the first half of 2024, marking a 15% increase over the same period in 2021. There is an additional ~€17bn set to issue in JulyAfter a wave of repricings in February, a second wave hit in May and June causing an average margin reduction of ~60bps.
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Apr 16, 2024 | 
9fin.com | Josh Latham |Karis Hustad
TLDR: Q1 2024 represented a strong start to the year, with €44.9bn of euro TLBs issued, 7% higher than Q1 2021 Repricings were the main attraction: €19bn printed, accounting for 41% of issuance in Q1, with potentially more to come Margin compression fuelled the repricing wave, with the average single-B margin marking a decrease from 465bps over Euribor in 2023 to 418bps in Q1 24 The broadly syndicated market fought back against the private credit boom as issuers sought cheaper pricing, but...
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Dec 20, 2023 | 
9fin.com | Alessandro Albano |Josh Latham |Laura Thompson
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Dec 17, 2023 | 
9fin.com | Josh Latham |Matthew Hughes
News and AnalysisJosh Latham+Matthew Hughes18 December 2023•13 min readIn what has been a volatile year, European high yield still managed to print. We’ve taken a look at some of the key figures and trends throughout 2023:Read all our public content for freeSign up for our newsletter to read this article nowWe won't spam. You can unsubscribe at any time. Recently PublishedWhat are you waiting for?
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Aug 14, 2023 | 
9fin.com | Josh Latham |Laura Thompson
Deep DiveJosh Latham+Laura Thompson14 August 2023•7 min read“This feels like Lehman 2.0,” said Lanxess AG’s CEO, Matthias Zachert, on an ad hoc investor call in June. He was referring to demand destruction and de-stocking in the chemicals industry. The systematic shock has also been felt in the packaging and pulp & paper industry, and further down the supply chain, with shipping businesses warning of lower volumes over the past few months.
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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.
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May 1, 2023 | 
9fin.com | Josh Latham
Deep DiveJosh Latham1 May 2023•4 min readStandard Profil(SP), the Germany-headquartered automotive seals supplier, continued to suffer from rising raw material costs in Q4. Despite decent revenue growth of 27% YoY, gross margins came in at negative 5.6% in the quarter. According to management, the company is in advanced discussions to claw back some inflation costs from customers, however they don’t expect to finalise anything until some point in May.
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Apr 20, 2023 | 
9fin.com | Josh Latham
Oriflame announced thatis in the process of selling its Russian manufacturing entity which sits outside the restricted group. The disposal, which has already received interest from several parties, has the potential to generate €32m in proceeds. Aside from the asset sale, Q1 operating performance released today (21/04) paints a bleak outlook for the beauty products reseller. Active member count continued to dwindle in the first quarter of 2023, falling to 2m versus 2.4m in Q1 22.
