Octus Radio

The Americas team takes a look back at the past week and previews what's to come in the week ahead, and Kyle Owusu does a deep dive on LatAm credits including GrupoPosadas, Samarco and Azul. If you are not a Reorg subscriber, request access here: https://go.reorg-research.com/Podcast-Trial.

In the latest episode of Covenants Conversations, Head of EMEA Covenants Shweta Rao discusses leveraged finance covenants and how they have adapted to the pandemic in ways that were both expected and unexpected with Alexandra Grant and Rebecca Marques, partners at Milbank. If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial.

The Americas Core Credit team previews what’s to come in the week ahead and takes a deep dive with guest Elliot Ganz, General Counsel of The Loan Syndications and Trading Association, into how loan and bankruptcy markets might evolve under the new administration. If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial

In this special edition of the podcast, Reorg speaks to Goodwin partners Simon Thomas in London and Howard Steel in New York about the issues faced by restaurants and their advisors in 2020 due to Covid-19 as well as surveying the challenges and opportunities in store. If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial.

Peter Washquist, Head of Covenants at Reorg, and Krishan Sutashana, a Distress Bet Analyst, dive deep into the financial struggles of major movie theater chains like Cineworld and AMC. They analyze cash burn rates and liquidity challenges exacerbated by COVID-19. The discussion includes innovative survival strategies, lease obligations in bankruptcy, and the changing landscape of cinema amid shifting consumer habits. Tune in for a fascinating look at how theaters are adapting to stay afloat in these turbulent times.

Shan Qureshi discusses the spotlight on consent thresholds for inserting new super senior debt after Serta Simmons, Boardriders, and Trimark. The podcast explores consensual vs non-consensual amendments, borrower's options for contract amendments, differences in consent thresholds, flexibility in implementing amendments and restructuring processes in England, and challenges faced by Swissport in creating a new super senior debt basket.

The Americas Core Credit team previews what’s to come in the week ahead and features a special replay of our recent webinar analyzing the potential issues for Transocean from district court to bankruptcy court. If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial

Each episode of the EMEA Core Credit biweekly podcast series features a deep dive on issues and companies in the distressed and high-yield space. This week, we take a look at Ukrainian energy company DTEK and Swiss ground handling company Swissport. If you're not already a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial.

Peter Washkowitz and Shweta Rao, heads of the covenants products at Reorg, discuss super priority uptier exchanges by Serta Simmons, Trimark, and Boardriders. They explore arguments challenging these transactions and the implications for the leveraged loan market. The podcast also delves into the impact of a judge's ruling on the loan market and offers recommendations for lenders to protect their interests in the face of uptier exchanges.

Senior reporter James Holloway and distressed debt legal analyst Kevin Eckhardt discuss the overview of cram-ups for companies including Garrett Motion. The podcast explores recent chapter 11 cases where senior secured lenders may be controlled by junior note holders through a process called Cram up. It highlights ongoing conflicts between senior lenders and alternative plan sponsors, as well as disputes between debtors and Wells Fargo in the CBL case.