Octus Radio

The Americas Core Credit team at Reorg previews what's to come in the week ahead and director of credit research Mark Fischer interviews distressed debt legal analyst Sean Daly on Sanchez Energy’s emergence from chapter 11 and remaining litigation. If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial.

Each episode of the EMEA Core Credit bi-weekly podcast series features a deep dive on issues and companies in the distressed and high-yield space. This week, the team takes a look at Dutch retailer Hema and Spanish construction group OHL. If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial

Senan Kiran from Muzinich & Co sheds light on the complex world of covenants in the financial landscape. He discusses the growing trend of covenant pushback and underscores the importance of understanding document flexibility. The conversation touches on how the pandemic reshaped corporate finances, emphasizing the need for transparency in reporting and the evolving nature of financial metrics post-COVID. Kiran also talks about the challenges of pricing covenants and the significance of adapting to new economic realities.

In this week's episode, hosts Peter Washkowitz and Shweta Rao discuss special mandatory redemption provisions in high-yield bonds in light of the increasing number of mergers that are being terminated due to Covid-19. If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial.

Elliot Ganz, General Counsel and Director of Public Policy for the LSTA, joins legal analyst Kevin Eckhardt to discuss pivotal topics in leveraged loan regulation. They dive into the Kirschner v. J.P. Morgan case, uncovering its implications for the financial landscape. Ganz highlights the challenges of classifying leverage loans as securities and the resulting regulatory complexities. The duo also navigates the effects of recent legal rulings on the multi-trillion-dollar syndicated loan market, all while considering the pandemic's financial uncertainties.

The EMEA Core Credit team takes look at gaming services provider and casino operator Olympic Entertainment's asset transfer, analyzes British automotive manufacturer McLaren and discusses German payment processor and financial services provider Wirecard making headlines once again. If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial.

The podcast delves into the impact of the pandemic on secondary credit markets, the evolution of covenants, pitfalls for investors, opportunities for distressed investors, and the push for better protection and compensation. It highlights the importance of legal review, understanding covenant complexities, financial reporting challenges, and strategies for navigating weak documentation as a distressed investor.

The Americas Core Credit team at Reorg previews what's to come in the week ahead and reviews recent chapter 11 cases including 24 Hour Fitness, Extraction Oil and Gas, Pyxus International & Skillsoft If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial.

The podcast discusses the Serta controversy and how Apollo seeks to block the company from creating new tranches of super senior debt. It explores the concept of super senior debt in Europe and the methods used to obtain it. It explains the need for consent from lenders to alter the priority waterfall in the creditor system and how Swissport is using an English law scheme of arrangement. The podcast also explores the structure and documentation of super senior debt agreements and the importance of careful analysis during financial distress.

The Americas Core Credit team at Reorg previews what's to come in the week ahead and provides an analysis of Quorum Health’s bankruptcy and disputes over the company’s post-coronavirus valuation. If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial.