Reorg on the Record; Spotlight on Americas
Thu Apr 22, 2021 4:45 pm Bankruptcy Filings  Distressed Debt

Written by Ana Lucia Hurtado, Senior Legal Analyst, Americas Core Credit || Although chapter 11 filings have slowed from the barrage of cases that hit for several months during the thick of the Covid-19 pandemic in 2020, filings for companies with more than $100 million in liabilities have steadily increased over the past few years, rising to 37% in 2021 from 25% in 2018, as measured by First Day by Reorg. Two of the latest casualties are Automotores Gildemeister and Stoneway Capital, both of which recently filed for chapter 11 protection in the bankruptcy court for the Southern District of New York.

In addition to our expert-led coverage of companies actively navigating chapter 11, Reorg’s recent push into post-reorg equity extends Reorg’s in depth coverage and analysis to recently emerged companies following 2020’s spike in bankruptcies. As new shareholders look to extract value, this asset class in 2021 has seen a number of M&A and financing transactions for which Reorg provides real-time analysis. With three live blogs since last Friday (and a fourth currently in progress), there’s never a dull moment at Reorg. If you’re in the mood for a fun yet thoroughly insightful read, make sure to check out our regularly published Court Opinion Review series, which continually draws rave reviews from subscribers.  || Sign up for our weekly updates here.

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