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Cloud 9fin

Latest episodes

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Jun 9, 2022 • 13min

Maxar Technologies and Ukraine

Cloud 9fin goes for the W, as US editor Will Caiger-Smith dials up reporter William Hoffman to talk about Maxar Technologies. The satellite imaging company has been all over the news with its wartime images of Ukraine — has its credit profile caught up with this newfound fame?
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Jun 1, 2022 • 16min

Laboratoire X.O, restricted subsidiaries, ESG webinar

The 9fin content and analytics team wraps up the week's activity, head of covenant research Caitlin Carey discusses why not all restricted subsidiaries are created equal and we discuss 9fin's 23 June webinar: "Diving into Sustainability-Linked Deal Terms." Distressed debt reporter Bianca Boorer also takes us through the fight between Novalpina agent BRG and lender Ares Management for Laboratoire X.O.0:00 - Intro0:53  - Levfin Wrap2:55 - Covenant close-up: Restricted subsidiaries7:10 - Please raise responsibly: Diving into Sustainability-Linked Deal Terms, a webinar09:30 - Deep discussion: Laboratoire X.O
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May 26, 2022 • 22min

Tech troubles, with John McClain of Brandywine Global

Tech is selling off and laying off, retail earnings are down, the Twitter debacle is rumbling on — what does all this mean for leveraged finance? This week, 9fin's US editor Will Caiger-Smith dials up John McClain of Brandywine Global to digest the past two weeks.
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May 19, 2022 • 20min

Financing football, restricted group, creative KPIs

The 9fin content and analytics team wraps up the week's activity, head of covenant research Caitlin Carey walks us through the restricted group concept and credit analyst Josh Latham discusses creative KPIs using rhino bonds as an example and analyses possible creative KPIs for Unilever Tea. Senior reporter Owen Sanderson also talks the recent LaLiga financing with loans reporter Kat Hidalgo.0:00 - Intro0:56  - Levfin Wrap2:17 - Covenant close-up: Restricted Group Concept7:37 - Please raise responsibly: Creative KPIs (Rhino bonds, Unilever Tea)12:13 - Deep discussion: Football Financing (LaLiga)
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May 12, 2022 • 23min

The price isn't right, with Frank Ossino of Newfleet Asset Management

9fin's US editor Will Caiger-Smith chats with Frank Ossino of Newfleet Asset Management about recent market volatility, the impact of monetary policy on leveraged loans, and how the rising cost of issuance could affect struggling borrowers.
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May 6, 2022 • 20min

Inflation in Q2, Frankfurt Seminar review, Miller Homes

The 9fin content and analytics team wraps up the week's activity, legal analyst Alice Holian tells us about her experience at the Frankfurt Seminar for High Yield and Leveraged Finance in Europe, ESG analyst Jack David discusses recent trends in green bond issuance and discusses the ESG credentials of Miller Homes and Biofarma. Loans reporter Laura Thompson and senior reporter Owen Sanderson discuss the impact of inflation on the LevFin pipeline in Q2. 0:00 - Intro0:55 - Levfin Wrap2:59 - Covenant close-up: Frankfurt Seminar7:37 - Please raise responsibly: Miller Homes12:13 - Deep discussion: Inflation in Q2
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Apr 27, 2022 • 16min

Decoding Twitter's deal

In case you haven't heard, Elon Musk is buying Twitter. So for this week's episode, our US editor Will Caiger-Smith quizzes Steven Hunter, 9fin's CEO, on the deal's structure, how it might come to market, and what Twitter might look like as a credit.
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Apr 21, 2022 • 20min

Schur Flexibles Update, Asset Sales, Prisa

The 9fin content and analytics team wraps up the week's activity, legal analyst Alice Holian discusses how the asset sales covenant can expand RP capacity, credit analyst Alex Manolopoulos discusses Prisa's ESG-linked loans and gives some insight into carbon credit quality, and editor Chris Haffenden gives us an update on the ongoing distressed situation for Schur Flexibles. 0:00 - Intro0:51 - Levfin Wrap1:48 - Covenant close-up: Asset sales covenant7:12 - Please raise responsibly: Prisa11:46 - Deep discussion: Schur Flexibles
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Apr 14, 2022 • 24min

US and Europe joint edition — Q&A with 9fin's editors

This week, Kat Hidalgo quizzes 9fin editors Will Caiger-Smith and Chris Haffenden on market trends across the Atlantic. They discuss the uptick in issuance as markets recover from the war in Ukraine, the attractiveness of loans versus bonds, sectors that are feeling the impact of inflation, and the potential for distress in first quarter earnings.
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Apr 7, 2022 • 30min

Market Reopening, Loans Portability, SEC Climate Disclosures

Legal analyst Alice Holian and senior covenant analyst Brian Dearing discuss portability in loans and raise some red flags, ESG analyst Sam Stevens discusses the proposal for climate disclosures by the SEC, and loans reporter Michal Skypala and senior reporter Owen Sanderson talk about the nature of this week's market reopening.0:00 - Intro0:50 - Levfin Wrap2:14 - Covenant close-up: Loans portability13:47 - Please raise responsibly: SEC proposal for climate disclosure19:06 - Deep discussion: Market reopening

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