Spotlight on: Talen Energy Supply

​​​​Over nine years, the Reorg team has analyzed thousands of performing and distressed credits. Our expert team of financial analysts, legal analysts and journalists produce granular capital structures, primary analysis, tear sheets, waterfall models and more. With long and deep connections to credible sources, we publish up-to-the minute news to help you stay ahead. In this case study, we're highlighting one example showcasing the ongoing credit insights that Reorg's team provide day in, day out to enhance efficiency and improve decision making for more than 25,000 investors, advisors and lawyers. Talen Energy Supply is a merchant power company with an 18-facility generation...

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Spotlight on: Matalan

​​​​Over nine years, the Reorg team has analyzed thousands of performing and distressed credits. Our expert team of financial analysts, legal analysts and journalists produce granular capital structures, primary analysis, tear sheets, waterfall models and more. With long and deep connections to credible sources, we publish up-to-the minute news to help you stay ahead. In this case study, we're highlighting one example showcasing the ongoing credit insights that Reorg's team provide day in, day out to enhance efficiency and improve decision making for more than 25,000 investors, advisors and lawyers. Matalan: British out-of-town fashion and homeware retailer Matalan and its creditors have...

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First Day Weekly: July Has Back-to-Back Weeks of Billion-Dollar Chapter 11 Filings

First Day Weekly: July Has Back-to-Back Weeks of Billion-Dollar Chapter 11 Filings

This week’s chapter 11 cases included a filing from asphalt construction company Premier Paving Ltd., extending 2022’s spike in industrials sector filings, stemming primarily from the construction subsector. The wave of cryptocurrency cases also continued this week, with a filing from Celsius Network, following filings earlier in July of the chapter 11 case of Voyager Digital and the chapter 15 of defunct cryptocurrency hedge fund Three Arrows Capital. Also this week, GenapSys, which has developed a “novel method” for DNA sequencing, filed to run a sale process after it stopped selling its DNA benchtop sequencer and offered refunds because of...

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Reorg Asia Bi-Weekly<br>Crypto Night (June 28 – July 11)

Reorg Asia Bi-Weekly
Crypto Night (June 28 – July 11)

From Reorg Asia’s Managing EditorsIn this column, managing editors Stephen Aldred and Shasha Dai take turns writing about trends in high yield, distressed debt, restructuring and bankruptcy in major Asian markets including China, Southeast Asia, India and Australia. Any opinions or other views expressed in this column are the author's own and do not necessarily reflect the opinion or views of Reorg or its owners. For questions or comments, contact Stephen at saldred@reorg.com and Shasha at sdai@reorg.com. Whether you regard crypto currency as the future of finance or a collective hallucination that allows retail investors to gamble away large chunks...

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Reorg Webinar Series: Macau Gaming – An Overview of Upcoming Regulatory Changes

Reorg Webinar Series: Macau Gaming – An Overview of Upcoming Regulatory Changes

Macau’s amended gaming law was approved by legislators in June and is set to take effect alongside the likely completion of a concession tender process in the second half of 2022. The new concessions will replace the existing licenses expiring in December - following a six month extension - and may impact the operational, financial and regulatory landscape for casino operators. In this discussion moderated by Reorg’s Senior Legal Analyst Jeff Burton, guest lawyers Tiago Assunção and Daniel da Silva e Melo from Manuela António, as well as Reorg’s Senior Credit Analyst Leon Leong discuss key legal takeaways from the...

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Asia bi-weekly: Liability Management Exercise 2.0 (June 15 – June 28)

Asia bi-weekly: Liability Management Exercise 2.0 (June 15 – June 28)

In a scoop we published last week, certain holders of Zhenro Properties’ offshore notes have formed an ad hoc group, which has had initial contact with the issuer and is in discussions with potential advisors. The formation of the ad hoc group came less than three months after Zhenro completed an exchange offer and consent solicitation for five due 2022 notes. In fact, a mere two months after completion of the exchange offer, Zhenro said it would not pay a $13.7 million coupon on its $300 million 9.15% notes due May 2023 within a 30-day grace period, and that the...

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