

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

Sep 22, 2025 • 50min
Tranche Talk — CLO portfolio trading and allocating in a tough market with OHA’s Tommy Wong
Tommy Wong, a seasoned partner and portfolio manager at Oak Hill Advisors with over 20 years in the loan market, joins the conversation to dissect the current CLO landscape. He elaborates on the implications of macroeconomic shifts, such as rate easing and growth dynamics. Tommy shares insights on credit selection in a low-arb market and the impact of mergers and acquisitions on loan supply. He emphasizes a cautious investment mindset, highlighting the importance of practical trading strategies and sector risk management.

Sep 19, 2025 • 48min
Syndication Nation — LevFin gaming and the big parlay on sports contracts
Betting on sports has been a huge engine of growth for LevFin gaming companies. But is sports contract betting a boom or bust moment for the industry?As apps like Robinhood and Kalshi make it possible to buy or sell contracts based on all kinds of binary events, some gaming companies are eyeing the potential windfall from bringing the same kind of contract trading to sports events.In this week’s episode of Syndication Nation, a podcast dedicated to all things leveraged finance-related, Peter Hammon, online gaming and sports betting lawyer and senior of counsel at Vela Wood, joins 9fin leveraged finance reporter Zoe Han to talk about the fast moving scene around sports contract betting, including the implications of the recently announced partnership between gaming company FanDuel and CME, one of the world’s biggest derivatives marketplaces.They discuss how contract betting could supercharge the next phase of growth for gaming credits — or leave them mired in regulatory red tape. Place your bets!Have any feedback about this episode? Send us a note at podcast@9fin.com. Thanks for listening!

Sep 17, 2025 • 25min
Distressed Diaries — Sue me! Litigation on the rise as European LMEs become more aggressive
Duane Loft, a partner at Pallas Partners specializing in litigation on aggressive transactions, and Denitsa Stoyanova, a senior distressed credit analyst at 9Fin, dive into the rising litigation against liability management exercises in Europe. They discuss the landmark Hunkemöller case and its implications for creditors. The conversation covers legal strategies, the differences in US and European practices, and how litigation can bolster negotiation positions. With insights on future trends in liability management, they offer practical advice for protecting creditor interests.

Sep 15, 2025 • 26min
Jane’s LME Addiction — The minority report with Shai Schmidt
In this episode of Jane’s LME Addiction, 9fin’s head of LME coverage Jane Komsky brings in Shai Schmidt, a partner from Glenn Agre, to discuss how minority holders are thinking about LMEs. They discuss the best time to organize, when to negotiate and when to litigate, and tools and trends for minority holders to consider.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!

Sep 12, 2025 • 17min
Dwindling Prospects: What happens when hospitals disappear
Private equity has made its way into nearly 23% of for-profit US hospitals, despite financial goals that can be at odds with the patient-oriented priorities in health systems.Distressed reporter Samantha Kroontje went to a new “healthcare desert” in Delaware County, Pennsylvania, to speak to some of the people impacted by the closure of its main health system, which came after years of debt-funded growth and dividends led by former private equity owner Leonard Green.In this week’s episode of Cloud 9fin, deputy distressed editor Rachel Butt spoke with Kroontje about the reporting process for a recent feature story on the fallout of Prospect Medical’s bankruptcy. It delves into the financial maneuvers of Prospect’s previous private equity owner that led to the company’s unravelling, the healthcare workers who were impacted, and the local vendors likely to get pennies on the dollar.Have any feedback for us? Send us a note at podcast@9fin.com. Thanks for listening!

Sep 4, 2025 • 17min
Building 9fin: From frustrated banker to fintech founder
What happens when a banker gets fed up with outdated technology and decides to build something better?In this week’s episode of Cloud 9fin, we depart from our usual programming to share an interview produced by one of 9fin’s investors, redalpine. Co-founder Steven Hunter shares how he turned years of complaining about broken fintech into 9fin — a 357-person company that's disrupting global debt markets.Discover how he and his university roommate went from sketching company values on their kitchen table to growing rapidly in the US and UK, and why they chose to be "tech-first." Plus: his father's brutal advice about winning that drives everything 9fin does.For more info about 9fin, visit our Insights page. To get in touch about this episode or any other, reach out at podcast@9fin.com.

Aug 29, 2025 • 36min
Distressed Diaries — Hardly fair? The evolution of English restructuring plans
In this engaging discussion, Kate Stephenson and Kon Asimacopoulos, partners at Kirkland & Ellis, along with David Allison, barrister at South Square, dive into the evolving landscape of English restructuring plans. They examine the pivotal Court of Appeal decisions affecting fairness in distress cases, highlighting the complexities of stakeholder treatment. The trio shares insights on the need for clarity in legal guidance, the growing role of litigation in restructuring, and the significance of engaging junior creditors while balancing equitable distribution among all parties.

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)
Dominique Toublan, Head of U.S. Credit Strategy at Barclays, discusses the intricate landscape of the credit market. He delves into the implications of recent job report revisions for lenders and explains why tightening credit spreads signal investor complacency amid fewer new issuances. With a nod to TikTok trends, they unpack the cautious dynamics between treasuries and market demand while navigating concerns over stagflation and geopolitical tensions. The conversation wraps up with forecasts for high yield and leveraged loans, emphasizing vigilance in this unpredictable environment.

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.