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Reorg Radio

Latest episodes

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Jul 12, 2022 • 15min

EMEA Core Credit Weekly: Direct Lenders Cut Leverage; Hilding Restructuring Plan; 888 Doc Changes

Each episode of Reorg's weekly EMEA Core Credit podcast series features detailed discussion on issues and companies across the credit lifecycle. This week’s podcast includes discussion of: - Hilding Anders’ restructuring plan; - 888 Holdings’ new debt package and the investor pushback it underwent; - Ukraine’s state oil and gas company Naftogaz and the country’s sovereign debt situation; and - The trend of direct lenders lowering the leverage they are willing to offer to support the buyout of some companies we cover. If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial.
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Jul 5, 2022 • 11min

EMEA Core Credit: Galapagos Winding-Up Order; Takko Restructuring Options

Each episode of Reorg's weekly EMEA Core Credit podcast series features detailed discussion on issues and companies across the credit lifecycle. This week’s podcast includes discussion of: - The English High Court’s recent judgment on the winding up of Galapagos SA; - German discount retailer Takko’s restructuring options; - An increasingly common carveout in bond and loan documentation allowing borrowers to redirect asset sale proceeds; and  - The latest news from the European primary market. If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial.
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Jun 28, 2022 • 15min

EMEA Core Credit: Wepa Near-Term Challenges; Russia Eurobond Default; New Matalan Financing

Each episode of Reorg's weekly EMEA Core Credit podcast series features detailed discussion on issues and companies across the credit lifecycle. This week’s podcast includes discussion of: - The near-term challenges facing German tissue paper manufacturer Wepa; - Russia’s eurobond Default - U.K. bricks and mortar retailer Matalan's new financing; - An overview of the primary market. If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial.
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Jun 27, 2022 • 9min

Americas Core Credit: Crédito Real, LATAM Airlines, TPC Group and Mallinckrodt

This week we take a look at Crédito Real, LATAM Airlines, TPC Group and Mallinckrodt. We are taking a brief recess from our weekly Deep Dive but will be back next week with more premium content.
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Jun 24, 2022 • 37min

Americas Core Credit: Revlon, Altera, Endo and TPC Group.

This week we take a look at Revlon, Altera, Endo and TPC Group. For this week’s Deep Dive, Senior Covenants Analyst Julian Bulaon speaks with Eitan Goldberg, a senior finance attorney who recently joined Proskauer’s Private Credit Group. Goldberg and Bulaon reflect on Goldberg’s experience practicing in the worlds of both syndicated lending and private credit, which - despite historically serving different segments of the market - have converged in recent years as both types of lenders are increasingly competing for the same large-cap deals.
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Jun 21, 2022 • 18min

EMEA Core Credit: Nostrum Scheme; Frigoglass Restructuring Options; Global ABS Conference

Each episode of Reorg's weekly EMEA Core Credit podcast series features detailed discussion on issues and companies across the credit lifecycle. This week’s podcast includes discussion of: - Nostrum Oil & Gas’ Scheme of Arrangement - Last week’s Global ABS conference in Barcelona and the current state of the European primary market - Greek cooler and glass manufacturer Frigoglass and its potential restructuring options - Ukraine’s sovereign bonds If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial.
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Jun 14, 2022 • 1h 14min

Americas Core Credit: Revlon, Bausch Health, Tenneco, Scandinavian Airlines

This week we take a look at Revlon, Bausch Health, Tenneco, Scandinavian Airlines and retail chapter 11 trends. For this week’s Deep Dive, Kevin Eckhardt, senior legal analyst for Americas Core Credit at Reorg and friend of the podcast, joins us to discuss Jarkesy v. SEC, a recent decision out of the Fifth Circuit court of appeals where the panel held that the SEC’s use of administrative law judges to resolve securities fraud cases violates the U.S. Constitution and the implications the decision could have on the viability of the current bankruptcy system.
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Jun 14, 2022 • 15min

EMEA Core Credit: Orpea Financing Package; Elior Cash Flow Model

Each episode of Reorg's weekly EMEA Core Credit podcast series features detailed discussion on issues and companies across the credit lifecycle. This week’s podcast includes discussion of: - French care home group Orpea’s new financing package; - Our latest cash flow model for French contract catering company Elior; and - Updates on the primary market and the ongoing fallout from Russia’s invasion of Ukraine. If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial.
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Jun 7, 2022 • 16min

EMEA Core Credit: McLaren Bonds Fall After Q1 Results; Second Amigo Scheme Approved

Each episode of Reorg's weekly EMEA Core Credit podcast series features detailed discussion on issues and companies across the credit lifecycle. This week, we speak about: Signs of life in the high yield bond and leveraged loans market The impact of carmaker McLaren’s first-quarter results report on its bonds The issues facing tech groups Yandex, Ozon and VK Company as a result of Russia’s invasion of Ukraine. U.K. consumer lender Amigo’s latest scheme of arrangement. If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial.
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Jun 6, 2022 • 55min

Americas Core Credit: Loan Market Trends in 2022 from Americas Covenants

This week, we take a look at Talen Energy, Diebold Nixdorf, Service King and TPC Group. Having nearly reached the official halfway point of 2022, for this week’s Deep Dive, we take a look back at some of the past year’s leading trends in the leveraged loan market in a replay of a webinar featuring Peter Washkowitz, head of Americas Covenants, discussing the continued evaporation of lender protections and the expansion of borrower flexibility in the leveraged loan market in 2021.

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