Cloud 9fin
9fin
Leveraged finance, distressed debt, and private credit drive today’s markets. Cloud 9fin delivers expert insights on high-yield bonds, syndicated loans, direct lending, and debt restructuring. Join top analysts and investors as we explore credit markets, special situations, and private debt strategies shaping the industry.
From credit risk assessment to institutional credit trends, each episode provides actionable intelligence for fund managers, institutional investors, and financial professionals. Whether you’re tracking high-yield issuances, analyzing corporate debt, or uncovering distressed debt opportunities, we’ve got you covered.
Through its AI-powered data and analytics platform, 9fin provides everything you need to get your head around credit or win a mandate — all in one place. We help subscribers win business, outperform their peers and save time. Stay ahead in leveraged finance market trends—subscribe now for expert discussions on the forces moving global credit.
From credit risk assessment to institutional credit trends, each episode provides actionable intelligence for fund managers, institutional investors, and financial professionals. Whether you’re tracking high-yield issuances, analyzing corporate debt, or uncovering distressed debt opportunities, we’ve got you covered.
Through its AI-powered data and analytics platform, 9fin provides everything you need to get your head around credit or win a mandate — all in one place. We help subscribers win business, outperform their peers and save time. Stay ahead in leveraged finance market trends—subscribe now for expert discussions on the forces moving global credit.
Episodes
Mentioned books
Aug 13, 2025 • 18min
Jane's LME Addiction — Is a deal away going your way?
In this episode of Jane’s LME Addiction, *9fin’*s head of LME coverage Jane Komsky brings in Sound Point Capital Management managing director, Morgan O’Neill to discuss the intersection of private credit and LMEs. They discuss the red flags and green flags of whether a deal away is a real possibility or just there to threaten exiting lenders and how to tell if a LME will be built to last.Find all of our coverage on LME litigation on 9fin.Have any feedback on the podcast? Send us a note at podcast@9fin.com — thanks for listening!
Aug 7, 2025 • 16min
Syndication Nation — No Cap(itulation)
In this week’s episode of Syndication Nation, a podcast dedicated to all things leveraged finance, 9fin LevFin reporter Dan Mika talks with Barclays Head of US Credit Strategy Dominique Toublan about Barclays’ credit capitulation and complacency signals.What does the recent miss and revision in the US jobs report mean for lenders? What does it mean when credit spreads are getting tighter despite the lack of new debt issuance? And why did Dan reference a TikTok meme from 2023 to frame these questions?Have any feedback about this episode? Send us a note at podcast@9fin.com. Thanks for listening!
Jul 30, 2025 • 28min
Distressed Diaries — Will US tariffs drive a German auto slowdown, or will there be a U-turn?
In this discussion, Hendrik Hauke, a restructuring partner at Willkie, and Florian Bruder from DLA Piper, dive into the impact of US tariffs on Germany's automotive market. They analyze the pressures on manufacturers amidst a shift to electric vehicles and how rising interest rates complicate matters. Additionally, they explore intriguing possibilities for auto suppliers to pivot towards the defense industry and discuss innovative financing solutions like private credit to navigate the industry's restructuring challenges.
Jul 22, 2025 • 24min
Getting on board with Jon Foster
Jonathan Foster, founder of Current Capital Partners and author of 'On Board,' shares insights from his journey in corporate governance and restructuring. He explores the super repeaters trend and its implications in bankruptcies. Discussing effective qualities for independent board directors, he emphasizes experience and transparency during complex negotiations. Foster also navigates the intricate landscape of financial restructurings, highlighting the growing challenges due to ever-changing trade policies and influential macroeconomic factors.
Jul 17, 2025 • 28min
Jane’s LME Addiction — DQ lists are overrated
Joining the conversation are Jason Mudrick, founder and chief investment officer at Mudrick Capital Management, with a sharp focus on distressed investing, and Dan Fisher, partner at Akin Gump, co-heading the Capital Solutions Group. They tackle the inefficacies of disqualified lender (DQ) lists, questioning their true impact and worth. The duo delves into the strategies sponsors employ in credit markets, the implications of Distressed Qualified lists, and the complexities of navigating financial transactions, advocating for better transparency and efficiency in the sector.
Jul 10, 2025 • 21min
Direct lending CLOs, the sterling edition
Andrea Fernandez, a partner in Ares’s investor relations and product management for European direct lending, and Mike Dennis, co-head of European credit at Ares, dive into the intricacies of the new sterling-priced CLO. They reveal insights on deploying €30bn in a challenging LBO market, highlighting Italy's attractive investment opportunities amidst a contracting bank sector. The duo shares market strategies, emphasizing bottom-up analysis, and discuss a favorable outlook for private equity as investor confidence remains steady despite volatility.
Jun 30, 2025 • 23min
Jane's LME Addiction - Jennifer Selendy knows when to hold 'em
In this episode of Jane’s LME Addiction, our head of LME coverage Jane Komsky brings in founding partner of Selendy Gay, Jennifer Selendy, to discuss LME litigation. They discuss the perspective of excluded lenders, when it makes sense to hold out, and why we have yet to find any certainty on the validity of specific LME tactics and debt document language.Find all our coverage on LME litigation at 9fin.com.Have any feedback on the podcast? Send us a note at podcast@9fin.com — thanks for listening!
Jun 26, 2025 • 33min
SRT across continents
David Lucking, a partner in Linklater’s US structured finance practice, shares his expertise on Significant Risk Transfer (SRT) transactions. He unpacks the differences between the US and European SRT markets, including varying regulatory frameworks. The conversation delves into how recent policy changes impact lending strategies, especially for small businesses. Lucking also highlights evolving credit events in distressed debt markets and the diverse participants in the SRT market, showcasing the need for adaptability amid shifting market conditions.
8 snips
Jun 23, 2025 • 51min
CLOs are no longer exotic
Sumer Chopra, Director at Alumia, specializes in simplifying the complex world of Collateralized Loan Obligations (CLOs). In this discussion, Sumer unveils how CLOs have transformed from a niche product into a staple for institutional investors. He explores the rising interest among family offices, the outperformance of double-Bs and single-Bs over CLO equity, and the legacy biases still affecting some endowments post-GFC. They also cover the essential elements of an impactful CLO fund manager pitch and the growth of evergreen funds in today’s market.
Jun 19, 2025 • 27min
Distressed Diaries — Cerba creditors' patience gets tested
Denitsa Stoyanova, a senior distressed credit analyst at 9fin, shares insights into Cerba, a French lab company facing severe financial turmoil. Cerba's debt has soared amidst government tariff cuts, with creditors now organizing for potential negotiations. The unexpected resignation of CEO Emmanuel Ligner adds to the drama, while net leverage ratios climb. Denitsa discusses critical cost-saving strategies, the impact of asset sales, and the urgency for Cerba to reduce its staggering debt from $4.8 billion to $2.7 billion for long-term viability.
