Motive supply, or cooper's standard, is working with golden sacks and centerview partners to explore balance sheet options. The discussions may be related to the company's term lon b, which goes current in the fourth quarter. Sources said management said on its fourth quarter earnings call that it planned to tap markets later this year to re finance its term loan d 20 23. Offshore rig contractors trans ocean and balaris were among companies reporting fourth quarter results this week.
Featured this week: Envision Healthcare, Cooper Standard Automotive, Transocean and Valaris. We also discuss Reorg’s analysis of chapter 11 plan recoveries in 2020 and 2021 cases.
And for our deep dive you can hear a webinar replay where EMEA Managing Editor Luca Rossi speaks with Antonio Casari of Northlight and Bruce Bell of Latham & Watkins about the European stressed and distressed credit market outlook for 2022.