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Cloud 9fin

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Mar 31, 2022 • 20min

The shifting private credit narrative, with Todd Koretzky of Allen & Overy

US editor Will Caiger-Smith catches up with Todd Koretzky, a partner at Allen & Overy, to discuss shifting narratives around private credit. From the growth of big-ticket deals to the convergence of terms between syndicated and private debt, how should market participants think about the seemingly unstoppable rise of non-bank financing in leveraged credit?
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Mar 24, 2022 • 24min

Aviation Sector, Available Amount Interpretations, Clean Energy Transition

Legal analyst Alice Holian and senior covenant analyst Brian Dearing discuss how the available amounts concept can be interpreted, ESG analyst Jack David discusses the clean energy transition, and loans reporter Laura Thompson tells us about the current state of the aviation sector. 0:00 - Intro00:48 - Covenant close-up: Available amount interpretations9:52 - Please raise responsibly: Clean energy transition14:28 - Deep discussion: Aviation sector
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Mar 17, 2022 • 21min

Changing dynamics, with Melanie Hanlon of Napier Park

US editor Will Caiger-Smith sits down with Melanie Hanlon, head of credit research at Napier Park Global Capital, to discuss changing dynamics in the primary and secondary loan market, second and third-order impacts of the war in Ukraine, and the evolution of ESG in credit.
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Mar 10, 2022 • 27min

Ukraine-Russia conflict, Ontex Change of Control, Russian red flags

The 9fin content and analytics team wrap up the week's HY and leveraged loans (non-existent) deals, head of covenant research Caitlin Carey and senior covenant analyst Brian Dearing discuss Ontex's change of control provision, ESG analyst Sam Stevens discusses ESG red flags present in Russian society prior to the current sanctions and editor Chris Haffenden and senior reporter Owen Sanderson give us the latest on the Russia-Ukraine conflict's effect on European leveraged finance.0:00 - Intro01:40 - Covenant close-up: Ontex change of control9:30 - Please raise responsibly: Russian red flags14:28 - Deep discussion: Ukraine-Russian conflict
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Mar 3, 2022 • 12min

Ukraine and its market impact

As Russia continues its invasion of Ukraine, US editor Will Caiger-Smith sits down with 9fin CEO and co-founder Steven Hunter to evaluate the conflict's impact on leveraged credit.
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Feb 24, 2022 • 27min

Schur Flexibles, Voting Caps, Care Homes

The 9fin content and analytics team wrap up the week's HY and leveraged loans deals, head of covenant research Caitlin Carey discusses voting caps, ESG analyst Sam Stevens discusses care home credits in light of the Orpea controversy and editor Chris Haffenden and loans reported Michal Skýpala give us the latest on Schur Flexibles, after the company's shock announcement to lenders.0:00 - Intro00:49 - Levfin wrap01:24 - Covenant close-up: Voting caps8:15 - Please raise responsibly: Care homes16:27 - Deep discussion: Schur Flexibles
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Feb 17, 2022 • 31min

A widening base for CLOs, with Dave Preston of AGL

In this episode, US editor Will Caiger-Smith talks to Dave Preston of AGL about the expanding CLO investor base, leveraged loan underwriting standards, and ESG.
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Feb 11, 2022 • 26min

Saipem, "No Worse" Ratio Tests, ESG Ratchets and Step-downs

The 9fin content and analytics team wrap up the week's HY and leveraged loans deals, head of covenant research Caitlin Carey discusses "no worse" ratio tests, credit analysts Josh Latham and Alex Manolopoulos talk the good, the bad and the ugly of ESG margin ratchets and coupon step-downs and editor Chris Haffenden gives us the latest on Saipem.0:00 - Intro00:53 - Levfin wrap01:31 - Covenant close-up: "No worse" ratio tests11:06 - Please raise responsibly: ESG ratchets and step-downs - the good, the bad and the ugly16:07 - Deep discussion: Saipem
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Feb 3, 2022 • 30min

The rush to floating rate assets, with Roberta Goss of Pretium Partners

A new series of guests interviews recorded at 9fin’s New York headquarters by US editor Will Caiger-Smith. In this debut episode, we discuss equity volatility, the rush to floating rate assets, and the recent Bausch Health refi.
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Jan 20, 2022 • 27min

A Rising Tide Lifts the Loan Market, Liens Covenants, SLB Update

The 9fin content and analytics team wrap up the week's HY and leveraged loans deals, head of covenant research Caitlin Carey discusses liens covenants touching on permitted liens vs permitted collateral liens and ESG analyst Jack David gives us an update on sustainability-linked bonds and loans for this January. For his Cloud 9fin debut US editor Will Caiger-Smith gives us a look into his market and discusses the driving forces behind a continuing shift towards loans.

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