Kartikeya Dar

Senior Analyst at 9fin

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9fin.com

Articles

Sunnova restructuring pits Apollo’s structured finance firm against lender group led by Oaktree

1 week ago | 9fin.com | Max Frumes |Rachel Butt |Kartikeya Dar

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WeightWatchers fully draws revolver to set up creditor negotiations

2 months ago | 9fin.com | Kartikeya Dar

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iHeartMedia discloses agreement with creditor group on dual-track LME

Nov 7, 2024 | 9fin.com | Kartikeya Dar

This website uses cookies, pixel tags, and similar technologies (â€śCookiesâ€ť) 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 â€śAccept Allâ€ť you consent to the use of non-essential Cookies (i.e., functional, analytics, and marketing Cookies) and the related processing of personal data.
US distressed and restructuring tracker report - October 2024

Oct 16, 2024 | 9fin.com | Kartikeya Dar

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.
DISH crossholder group balks at proposed debt exchange and seeks to extend co-op pact

Oct 1, 2024 | 9fin.com | Rachel Butt |William Hoffman |Kartikeya Dar

News and AnalysisRachel Butt+William Hoffman+ 1 more1 October 2024•6 min readMembers of the DISH Network/DISH DBS crossholder group are not planning to accept the debt exchange terms offered alongside EchoStar’s agreement to sell its satellite TV company to DIRECTV and spectrum-linked capital raises, according to 9fin sources.
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.
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.
The Default Notice - Real estate investment mistrust

Mar 29, 2024 | 9fin.com | Max Frumes |Rachel Butt |Kartikeya Dar |Max Reyes

Market WrapMax Frumes+Rachel Butt+ 2 more29 March 2024•12 min readThe fate of hospital operator Steward Health Care and its connection to landlord/lender/investor Medical Properties Trust (MPT), the publicly traded real estate investment trust, is just the type of multifaceted situation that attracts and challenges distressed investors and restructuring professionals alike.
The Default Notice - Going Platinum

Mar 8, 2024 | 9fin.com | Max Frumes |Rachel Butt |Max Reyes |Kartikeya Dar

Market WrapMax Frumes+Rachel Butt+ 2 more8 March 2024•9 min readPlatinum Equity’s latest buyout fund has attracted $12.5bn of investor interest, making it already the biggest ever for the Los Angeles-based private equity firm, as 9fin reported exclusively this week. That outpaces the $10bn the firm raised for its last such vehicle in early 2020.
Invesco says Robertshaw DIP proposal attempts to ‘weaponize’ bankruptcy

Mar 6, 2024 | 9fin.com | Max Reyes |Kartikeya Dar

News and AnalysisMax Reyes+Kartikeya Dar6 March 2024•12 min readInvesco has accused Robertshaw’slenders and its financial sponsor of attempting to “weaponize the bankruptcy process” by using a DIP financing proposal to legitimize a disputed pre-petition transaction. As an alternative, Invesco is requesting that the court back its own DIP financing proposal, instead of the competing proposal from an ad hoc group of lenders including Bain Capital, Canyon Partners and Eaton Vance.