SFDR reporting deadline approaches…
Fri May 12, 2023 2:52 pm
| The EU has rolled out new ESG related disclosure requirements, the Sustainable Finance Disclosure Regulations, or SFDR, which impacts many EU-based assets managers. The first SFDR reporting deadline of June 30, 2023, is fast approaching. Luckily, we are in a good position to help any manager in the private credit space comply with the new requirements. In fact, our ESGx team has been working with credit investors and legal advisors for almost two years to make sure we have a consistent and comprehensive solution to the disclosure requirements. The goal, as it has been for ESMA Article 7 reporting, is to employ scalable technology and a uniform approach to the reporting standards to make sure all industry participants can meet their regulatory and contractual requirements, while adopting standardized procedures and comprehensive audit trails. We are proud to be selected as a trusted partner by many of the leading credit managers. Regards, Tejs Broberg |
Reorg’s editorial teams are working tirelessly to bring subscribers the most in-depth data, analysis and reporting on more than 6,000 performing and distressed credits. A glimpse into our offering is shown below: Bed, Bath & BeyondThe Union, N.J.-based home furnishing retailer and several affiliates filed petitions on Sunday, April 23, in the Bankruptcy Court for the District of New Jersey. The company reported total assets of $4.4 billion and total debts of $5.2 billion, with total funded debt of $1.8 billion. Business operations are being wound down while a marketing and 363 sale process is being run for any and all of its assets, including Bed Bath & Beyond and buybuy BABY, according to the company. » Continue Reading Hilding AndersSweden-based mattress producer Hilding Anders is at risk of running out of money in late April or early May if it is unable to complete its delayed sale-and-leaseback transaction, sources said. To shore up liquidity the group has launched an interim restructuring transaction that includes a new €20 million super senior facility, which will be open to all lenders but has been backstopped by the ad hoc group formed during last year’s restructuring. » Continue Reading  Americas Legislative CoverageSecurities and Exchange Commission Chair Gary Gensler faced a barrage of criticism from Republican members of the House Financial Services Committee in connection with the agency’s recent enforcement actions and regulatory posture toward the cryptocurrency industry. Gensler defended the agency’s recent enforcement actions in the crypto industry, arguing that “given that most crypto tokens are securities, it follows that many crypto intermediaries are transacting in securities and have to register with the SEC.”» Continue Reading BentelerGerman automotive component and steel tubing supplier Benteler is offering €975 million-equivalent of senior secured notes due 2028, split between a euro tranche and dollar tranche, to repay the company’s fully drawn €225 million RCF due 2024, as well as other senior facilities and amounts outstanding under the group’s restructuring debt. » Continue Reading Beverly Community Hospital AssociationGerman automotive component and steel tubing supplier Benteler is offering €975 million-equivalent of senior secured notes due 2028, split between a euro tranche and dollar tranche, to repay the company’s fully drawn €225 million RCF due 2024, as well as other senior facilities and amounts outstanding under the group’s restructuring debt. » Continue Reading |
ESGx by Reorg Simplify the process of ESG and sustainability reporting with ESGx by Reorg, which provides a resource for regulatory reporting, including SFDR, TCFD and upcoming sustainable finance disclosures as well as a standardized source of reportable ESG metrics for the market’s evolving requirements. Learn more. |
On May 10, the ESGx by Reorg team provided insights into navigating the Sustainable Finance Disclosure Regulation, or SFDR. The panelists discussed the disclosure requirements of an article 6, 8 or 9 fund and reviewed solutions for publishing the annual principal adverse sustainability impact, or PASI, statement. Watch the replay. |
 In this week’s edition of the Reorg Primary View podcast, Andrew Sung, head of research at Atlas Credit Partners, discusses middle-market financing, the opportunity set following the collapse of Silicon Valley Bank and lending against intellectual property with Reorg’s James Holloway. Listen to the full episode here. |