
Cloud 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.
Latest episodes

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.

11 snips
Jun 16, 2025 • 15min
Private credit’s Deliberation Days
Elijah Jackson, a private credit data analyst at 9fin and author of the insightful 'Good Deal Hunting' report, dives into the whirlwind of recent market changes. He discusses how private credit firms adjusted to geopolitical tensions and tariff risks while seizing new opportunities. The conversation highlights significant deals like the $4 billion Clarius refinancing, trends in add-on financings, and the evolving competition between traditional bank loans and private credit. Jackson also emphasizes the growing importance of lender relationships in navigating current uncertainties.

Jun 11, 2025 • 12min
Syndication Nation — My neck, my back, my EBITDA-T addback
In this engaging discussion, James Wallick, Head of Legal at 9fin and credit document expert, delves into how recent tariff announcements are reshaping language in debt agreements. He draws parallels between the current financial landscape and responses to the COVID-19 pandemic. James also explains the implications of force majeure clauses and EBITDA adjustments, highlighting a case study on a Spanish waste management firm. The conversation offers invaluable insights into the evolving needs of companies navigating economic uncertainty.

Jun 9, 2025 • 12min
Jane’s LME Addiction — Rachel Murray will fix your capital structure
In this episode of Jane’s LME Addiction, our head of LME coverage Jane Komsky brings in Rachel Murray, a managing director at Moelis, to discuss how today’s restructuring environment compares to the Covid era and how that experience can guide clients. They discuss what makes an LME effective, in addition to current trends and techniques that are shaping the space.Check out all of our LME coverage at 9fin.com.Have any feedback on the podcast? Send us a note at podcast@9fin.com — thanks for listening!

13 snips
Jun 3, 2025 • 41min
CLOs are now a family business
Yang Xu, CEO at City Hall Capital and seasoned family office expert, shares insights into the growing interest of family offices in Collateralized Loan Obligations (CLOs). He discusses the appeal of CLO equity and mezzanine structures, noting the shift toward more double-B CLO funds. Yang emphasizes the critical need for education among CLO managers to engage family offices effectively. He also highlights the challenges family offices face in selecting managers and the rise of CLO ETFs for retail investors as a creative entry point.

May 30, 2025 • 14min
Syndication Nation — Warner Bros Discovery on fallen angel watch
In the inaugural episode of Syndication Nation, 9fin’s podcast on all things syndicated debt, deputy editor William Hoffman joined US managing editor Bill Weisbrod to talk about his recent coverage of Warner Bros. Discovery and its $37bn of debt to high yield by S&P. They discussed what led to the downgrade, the prospects for the company reaching full-blown fallen angel status, and broader implications for the high yield market if and when that happens.Have any feedback on the podcast? Send us a note at podcast@9fin.com — thanks for listening!

May 27, 2025 • 35min
Managing global loan data from the middle
Scott Alintoff, a key player at FIS in the capital markets division, discusses the critical state of global loan data management amid economic volatility. He highlights how outdated practices like faxes hinder efficiency and contrasts them with modern technological advancements. Alintoff emphasizes the importance of strong tech solutions combined with human expertise to enhance client relationships. The podcast also explores the decision-making process regarding outsourcing versus in-house operations, showcasing the growing role of retail investors in the syndicated loan market.