Breaking down the intricacies of complex or long-term situations over time can be an elaborate or daunting task. But Reorg’s robust and well-organized financial analyses can easily help you and your team get up to speed on even the most rapidly developing situations.

For example, our coverage of Revlon’s restructuring over the past several years includes regularly updated financial tear sheets, covenants tear sheets, exchange models, waterfall models, Excel uploads of management projections and plan treatment models, including (but not limited to) the following:

• In 2020 Reorg published exchange models after the BrandCo transaction;
• In 2021 Reorg published a waterfall model illustrating BrandCo and RemainCo lenders’ recoveries;
• Earlier this year, Reorg published a plan treatment model illustrating treatment and proposed recoveries for BrandCo and RemainCo lenders, rights offering participants and backstop parties; and
• Finally, just after Revlon emerged from chapter 11 this month, Reorg developed and published an analysis of Revlon’s exit term loan.

If you’d like to explore all of the Revlon coverage in between, or learn more about the financial analysis we have available on the next topical restructuring you work on, request a trial

We’re excited to share that our new Americas high yield and performing credit coverage is live!

Available within Americas Core Credit, we are providing additional intelligence, analytics and research coverage of primary and secondary performing credit across the healthcare, retail, technology, energy and food products sectors.

Coverage intiations since the launch earlier this month include:

Healthcare & Life Sciences (Kyle Owusu, CFA, JD)

• DaVita – DVA
• Select Medical – SEM
• Tenet – THC
• Charles River – CRL
• Avantor – AVTR
• IQVia – IQV

Food Products (Jacob Bloom)

• US Foods – USFD
• United Natural Foods – UNFI
• B&G Foods – BGS
• Lamb Weston Holdings – LW
• Post Holdings – POST

Retail & Consumer Products (Justin Spuma)

• Coty – COTY
• Sally Beauty – SBH
• Asbury Automotive – ABG

Technology (Menghi Zhang, CFA)

• PTC Inc – PTC

Energy (Scott Greenstein)

• EnLink Midstream – ENLC
• Equitrans Midstreams – EQM

To keep on top of all the new coverage initiations we’ll be making in the coming weeks and months, request a trial. And, if you’d like to catch up on our coverage for the first quarter of 2023, check out this recent article.

Reorg is combining the extensive coverage of Aggredium and FinDox Analytics, and leveraging the best features of both platforms to create an even more powerful solution: Fundamentals by Reorg. As we work to finalize and roll out this solution we’ll keep you posted on new content and capabilities you’ll have access to.

This expanded platform provides the largest set of fundamental financial data on both private and public subinvestment grade companies in Europe and the U.S., and leverage the best features of both platforms, including:

• Best-in-class library of 2,500+ financial models on private and public sub-investment-grade loan and bond issuers in Europe and the U.S.
• Customizable data, tailored to your workflows through an Excel-add in and REST API.
• Public and private issuers’ calls via proprietary transcripts across the Reorg model universe and beyond.
• Real-time flash alerts.

To learn more about our expanded Fundamental data, request a trial today. And, if you’d like to keep in touch about our product updates and enhancements, follow us on LinkedIn and subscribe to Reorg on the Record, our weekly newsletter.

Download the report here

2023 is off to an auspicious start for credit and restructuring professionals, and volatile market projections signal more opportunities for leading advisors to make their mark.

The new Reorg Advisor League Tables enable you to reflect on the past year by examining Legal Advisors, Financial Advisors and Investment Bankers across:

• Fee tables based on final approved 2022 fees;
• Retention tables based on both in- and out-of-court 2022 engagements; and
• Comparisons between debtor and nondebtor engagements and analysis of highest-earning advisors across multiple dimensions.

Reorg’s Advisor League Tables provide information on advisor activity in 2022 based on retentions, fees, engagements and more, powered by primary and proprietary data from Credit Cloud.

Credit Cloud enables you to generate insights, such as the comparisons in Reorg’s Advisor League Tables, by aggregating data across data sets. Credit Cloud also offers proprietary information, including Advisor Fees, Restructuring Terms and Reorg’s Restructuring Risk Index (RRRI™).

Download the report to access more than 30 tables assessing top advisors.

Reorg’s Court Filings data is a leading resource for docket tracking and includes all chapter 11 filings dating back to 2015 with at least $10 million in liabilities, plus hundreds of adversary proceedings, district court dockets, pre-bankruptcy litigations and appellate cases.

• Filings Type Filter: Reorg has developed a first-of-its-kind proprietary docket-entry classification system that uses data science to categorize nearly 100 types of pleadings both at a higher level (such as motions and orders) and at an underlying subject-matter level (such as backstop or exit financing) 
• Judge Filter: Find pleadings heard by – and orders and opinions written by – federal district court and bankruptcy court judges. 
• Jurisdiction Filter: Narrow your results to specific courts or collections of courts to find mandatory and persuasive authority for the standard of practice in those jurisdictions.
• Law Firm Filter: Search across Court Filings to find pleadings authored by specific firms or group of firms to find examples of briefs or quickly access cases involving those firms.
• Link to Intel: Look for the words “Reorg Intelligence” below a specific pleading to quickly access Reorg’s analysts’ summaries and analysis of that pleading and save valuable time. 

If you’d like to further explore Reorg’s Court filings data, request a trial today.

While innovative, disruptive technologies like ChatGPT are able to provide answers based on previous events, it lacks the forward-thinking ability credit professionals need to make fast, strategic business decisions.

As incidences of bankruptcy and restructuring rise, access to future-oriented technologies are more important than ever. Reorg’s Restructuring Risk Index (RRRI^TM) moves beyond data integration by providing a scoring mechanism to predict the likelihood that U.S. publicly traded companies enter restructuring.

RRRI is powered with data on over 2,000 public companies, continuous analysis of hundreds of company financial statements and documents, qualitative industry expertise from Reorg internal experts and cutting-edge data science technology. By providing users with proprietary numerical indicator, from 0-100, that reflects the probability of any U.S. public company filing for bankruptcy, restructuring professionals can dynamically analyze and forecast future restructuring situations.

RRRI is available exclusively through Credit Cloud. To learn more, request a trial.

When analyzing a credit, building a comprehensive and accurate capital structure can be one of the largest challenges when staying on top of complex, evolving situations like Carnival. Developed by Reorg’s financial analysts with industry professionals needs at the forefront, Reorg’s 3,200+ capitalization tables with 20,000 historical debt instruments are huge time-savers.

Our capital structures provide an excellent overview of a company’s debt structure and key terms. They cleanly lay out a credit’s principal debt amounts by tranche based on priority, and an up-to-date market value column with pricing feeds through daily for bonds and loans. Professionals can quickly see a company’s leverage and generate trading or pitching ideas based on Reorg’s expertly sourced data.

Reorg’s organization charts help you to identify the relevant entities of a company and highlight which of the entities are borrowers (or guarantors) of the company’s debt. By using Reorg’s organization charts and capital tables together, subscribers can obtain a detailed view of structural issues that affect debt instrument priority and inter-creditor relationships. 

To dive deeper into the latest financial analyses from Reorg, request a trial. And, to stay up-to-date on the latest in the high-yield and distressed debt market, listen to the podcast.

Reorg’s recent high yield industry update included an analysis of companies’ exposure to floating-rate debt and near-term maturing debt, which indicates a high concentration of rising rate risk in a number of consumer and technology sectors.

Sectors identified as having higher exposure that may potentially result in higher interest costs include:

• Consumer durables and apparel
• Retailing
• Healthcare equipment and supplies
• Software and services

This analysis was developed using Credit Cloud, newest data offering for leveraged finance and restructuring. Through Credit Cloud, Reorg has analyzed details on companies’ capital structures, including debt, cash and EBITDA, and then separated companies by sector using the Global Industry Classification Standard, or GICS, to aggregate results by sector and subsector. Reorg breaks out debt by each issue, and groups debt by tranche and ranking.

To access the full list of sectors identified, as well as in-depth sector analysis, and Chapter 11 filings within these sectors, read the full industry update. And, if you’d like to learn how to use Credit Cloud to conduct you own analysis, request a demo today!

NEW YORK, Nov. 9, 2022 /PRNewswire/ — Reorg, a global provider of financial and legal intelligence and data, announced today that it has agreed to acquire FinDox, a leading document, compliance and data management provider.

“As part of our global growth strategy across a variety of credit verticals, Reorg continues to invest in solutions to better serve our customer base. We’re excited to bring the FinDox team into Reorg to enhance our overall data and workflow solutions for leveraged finance and private market investors in the Americas and Europe,” said Kent Collier, founder and CEO of Reorg. “Adding FinDox’s data management capability together with its compliance management tools and ESMA reporting will further enhance Reorg’s portfolio of data, analysis and workflow tools.”

Read the full release here: https://www.prnewswire.com/news-releases/reorg-and-findox-to-combine-to-offer-best-in-class-solutions-for-the-credit-markets-301673003.html?tc=eml_cleartime