Lisa Fu

2 months ago | ionanalytics.com | Lisa Fu |Nicholas Morgan |Ayse Kelce |Ben Miller

In the secretive world of direct lenders and financial sponsors, distressed portfolio companies are typically restructured out of the public eye. In some cases, though, companies have no choice but to file for bankruptcy to fix broken capital structures and eliminate other liabilities. Advisors say the decision can come down to weighing the higher cost and publicity of a Chapter 11 case versus the unique benefits bankruptcy can provide.

Jan 13, 2025 | ionanalytics.com | Ayse Kelce |Nicholas Morgan |Madalina Iacob |Lisa Fu

Financial sponsors are expected to pursue more creative ways to execute liability management exercises after an appeals court called into question common strategies sponsors have employed to deleverage distressed portfolio companies. “Borrowers will need to find some other language that might work or another creative way that could mean treating creditors ratably, yet differently,” said Deborah Kovsky-Apap, restructuring partner at Troutman Pepper Locke.

Sep 6, 2024 | ionanalytics.com | Lisa Fu |Madalina Iacob |Ben Miller

News (Intelligence) Direct lenders are starting to ask for “Pluralsight Protection” when negotiating new deals to head off a repeat of the standoff this summer between private credit firms and financial sponsor Vista Equity Partners over ailing portfolio company Pluralsight.

Aug 23, 2024 | ionanalytics.com | Lisa Fu |Lisa Lee |Ben Miller

News (Intelligence) Antares Capital is looking to develop a private credit secondary business, according to three sources familiar with the matter, that would buy loans originated by other lenders in the USD 1.7trn market.

Jun 26, 2024 | creditflux.com | Lisa Fu

Carlyle direct lending origination head jumps to Apollo By Lisa Fu Thursday, June 27, 2024 The head of origination and sponsor coverage for Carlyle’s direct lending business has joined Apollo, becoming the latest in a string of executives exiting the alternative asset manager Subscriber-only article This article is available only to Creditflux subscribers and free trial users within 30 days of publication. Already a subscriber? Not logged in? Click here to login. If you have not already done...