Max Reyes

Oct 17, 2024 | 9fin.com | Max Reyes |Segun Olakoyenikan

News and AnalysisMax Reyes+Segun Olakoyenikan17 October 2024•5 min readThere’s been at least 35 liability management exercises this year with sponsor-backed companies accounting for three fourths of said transactions launched in the US. 9fin will be compiling data on specific sponsors and the frequency and type of LMEs they have engaged in, and reporting that in a series of profiles. 9fin will start with a deeper look at Clearlake.

Sep 5, 2024 | 9fin.com | Max Reyes |Cat Corey

News and AnalysisMax Reyes+Cat Corey5 September 2024•4 min readJudge Marvin Isgur agreed to sign off on Incora’s disclosure statement once it had been amended even as he raised concerns over the company’s proposed plan of reorganization. During a hearing today (5 September), Judge Isgur said the confirmation plan was “non-confirmable” and described it as a “heads I win, tails you lose plan.”Read all our public content for freeSign up for our newsletter to read this article nowWe won't spam.

Aug 15, 2024 | 9fin.com | Max Reyes

News and AnalysisMax Reyes16 August 2024•4 min readCreditors of Apollo-backed Brightspeed took a roughly 23% discount this week when they exchanged $4.82bn of existing debt into around $3.71bn of new debt. The exchange involved the full participation of secured lenders who held the company’s $985m term loan A, $1.97bn term loan B, and $1.865bn senior secured notes, each due 2029. In return, those creditors received a $2.236bn first lien second-out term loan and $1.475bn first lien fourth-out.

Jul 30, 2024 | 9fin.com | Max Reyes |Rachel Butt

9QuestionMax Reyes+Rachel Butt31 July 2024•8 min readIn 2022, Kris Hansen and Jayme Goldstein pulled off a stunning move by bringing a team of 43 restructuring lawyers from Stroock to Paul Hastings. They’ve since gone on a hiring spree, capped off most recently by poaching a good chunk of the King & Spalding special situations and private credit practice. We spoke with Hansen and Goldstein to get a better sense of how they’ve built out their team and what’s coming next.

Jun 21, 2024 | 9fin.com | Max Reyes

News and AnalysisMax Reyes21 June 2024•4 min readWith 9fin it’s easy to stay on top of distressed news and analysis. Find out what else we do on distressed and restructuring here. Closing arguments in the Incora adversary proceeding are scheduled to begin next week on Monday, 24 June, promising an end to a lengthy proceeding that started back in January. Here’s a look at the significance of the case, how it progressed, and its potential ramifications for the broader market.