Reorg Blog

Check out Reorg's latest whitepaper to dive deeper into the EU Taxonomy. What is the EU Taxonomy? In response to escalating environmental challenges, the European Union (EU) has devised a tool to steer investments toward sustainable endeavors: the EU Taxonomy. The EU Taxonomy serves as a classification system that helps define economic activities that are environmentally sustainable through four overarching conditions, outlined in Article 3: contribute to at least one of the six environmental objectives, do not significantly harm any of the environmental objectives (DNSH), comply with minimum safeguards, and with technical screening criteria. How is an economic activity taxonomy...

Register for the webinar now! Join Reorg on Friday, April 26, as we discuss: Key takeaways from Zambia’s Common Framework debt restructuring; andThe rise of value recovery instruments. Panelists: Magnus Scherman, senior editor, ReorgAjata Mediratta, partner, Greylock Capital ManagementMelissa Butler, partner, White & CaseThomas Lambert, managing director, Lazard You can find recent sovereign credit coverage on Reorg including Common Framework cases Zambia and Ghana.  Webinar details are as follows: When: Friday, April 26, at 2 p.m. BST/3 p.m. CETRegistration: To register for the webinar, please click HERE. Please register using your business email address.Q&A: You can pre-submit questions for the...

Adverse Economic Headwinds and Looming Maturity Walls: Will European Debt Collectors Get a Taste of Their Own Medicine? Register now! Join Reorg on Wednesday, April. 3, as we discuss: Recent trends in the European debt collector sector, with a focus on key players Intrum, Garfunkelux-Lowell and DoValue;Key differences between the key players; andTheir likely refinancing options given the constraints in their bond covenants. Panelists: Bart Capeci, senior covenants lawyerChiara Elisei, chief credit correspondentChetna Mistry, senior legal directorWayne Jambawo, credit analyst Attendees can submit questions during the webinar or email them in advance here You can find our recent coverage on...

Download now! Issuance of Bonds Doubles YoY, Loans Triple Boosted by A&E; Average YTM Jumps to 8%; €76.5B of 2024/25 Bond Maturities Left to Tackle; Wave of Repricings Expected In this edition of the EMEA Primary Market Wrap, we cover 2023 and use data from Reorg’s bonds and loans database to examine the key trends in the high-yield bond and leveraged loan primary markets. Some comparisons are drawn to the 2021 market, as a result of a partial closure of the market in 2022. Key Takeaways Bond issuance in the European market more than doubled year over year to €55.8...

Reorg has added Moody’s company and instrument rating data to Credit Cloud for use as an additional, critical screening data point.  Credit professionals can use this data to: Manage risk: Efficiently monitor downgrades with the “Moody’s - Long-Term Ratings Downgrades” reportSupport business development: Combine ratings data with current pricing, capital structure and Reorg's Restructuring Risk Index (RRRI™) dataKeep track of changes: Monitor for ratings actions or potential ratings actions across watchlists, clients’ holdings or portfolio To learn more about how Credit Cloud, and Moody’s ratings data, can help you extract unique data insights and more effectively drive critical workflows, request...

Register now! Join Reorg on Thursday, March 7, at 10 a.m. ET / 3 p.m. GMT as we discuss how Ardagh Group might approach its $3.2 billion of secured debt maturities in 2025 and 2026, with an eye on how it might utilize its stake in Ardagh Metal Group and a focus on the flexibility contained in its debt covenants.  In addition, we will discuss how Ardagh’s actions could affect the PIK toggle notes issued by ARD Finance, the ultimate parent company. Chiara Elisei, chief credit correspondent, EMEA, will moderate the webinar, and the presenters include: Bart Capeci, senior covenants...