Reorg Blog

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 - DVASelect Medical - SEMTenet - THCCharles River - CRLAvantor - AVTRIQVia - IQV Food Products (Jacob Bloom) US Foods - USFDUnited Natural Foods - UNFIB&G Foods - BGSLamb Weston Holdings - LWPost Holdings - POST Retail & Consumer Products...

Throughout the year, Reorg hosts webinars bringing together industry professionals to discuss themes in the performing, distressed, restructuring and post-reorg credit markets. Credit spreads on Lippo Malls Indonesia Retail Trust’s, or LMIRT, USD senior notes suggest it is in deep distress and its stock price has almost halved since the start of 2023. In this webinar, Reorg’s experts will explore LMIRT’s operational troubles, financial stresses and possible restructuring scenarios that could lie ahead. Panelists: Stephen Aldred, Reorg, Managing Editor (moderator) Junguang Tan, Reorg, DirectorJeff Burton, Reorg, Senior Legal AnalystCathy Lu, Reorg, Analyst Attendees will be invited to submit questions during the...

Reorg delivers critical data and analysis for leveraged finance and restructuring professionals. In this paper, access a curated selection of data-driven insights into credit situations developing around the world right now. March 31, 2023 Reorg's expert global team research and publish thousands of analysis and intelligence articles every year to bring clarity to investors, bankers, lawyers and consultants. We're obsessed with providing actionable insight on the sub-investment grade credit markets. Here are some examples of coverage through the credit lifecycle from performing and primary markets to distressed, restructuring and post-reorg that you and your team could access through a subscription...

Reorg has compiled a non-exhaustive list of almost 100 onshore bond principal and coupon payment extensions which occurred in 2022 and January 2023, conducted by 15 Chinese real estate developers with offshore USD note issuances within Reorg’s scope of coverage. This summary analysis compares and contrasts the revised repayment schedule and credit enhancements offered under these extensions. Highlights The contrasting “piecemeal” approach involves principal payment extensions of around one year for individual onshore bonds.In exchange for onshore principal payment extensions, issuers have pledged equity stakes in onshore project companies as credit enhancements for onshore bondholders.The impact of these types of...

Editor’s Note: Below is the latest in Reorg’s Expert Views series: an article written by Martin J. Bienenstock and Vincent Indelicato of Proskauer Rose LLP. Date originally published: Mon 03/13/2023 02:41 PM GMT Over the last several days, alternative capital providers have raced to identify new money opportunities exacerbated by distress across the regional banking sector, from bidding on deposit claims to structuring rescue loans for portfolio companies with imminent payroll obligations. This underwriting exercise inevitably brings into focus one very important question: What happens when a holding company of an FDIC-insured bank subsidiary files for chapter 11? One answer...