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Cloud 9fin

Latest episodes

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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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Jan 7, 2022 • 26min

Review, preview 2021/2022

In this special episode the 9fin content and analytics team looks back on a blockbuster year and ahead to slightly more troubled waters. Credit analyst Ben Hoskin and loans reporter Katharine Hidalgo look at bonds and loans, editor Chris Haffenden takes us through the restructuring and distressed debt spaces, senior reporter Owen Sanderson looks at CLOs and ESG analyst Jack David reviews the ESG field.
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Dec 10, 2021 • 16min

A Happy Levfin Quizmas

CEO Steven Hunter and loans reporter Michal Skýpala face off against editor Chris Haffenden and senior reporter Owen Sanderson in our first annual leveraged finance Christmas quiz. The teams will answer questions on loans, bonds and ESG in a quiz that includes some impossible questions, some useless questions and maybe one or two interesting ones!
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Nov 26, 2021 • 36min

Restructuring change in France and the UK

Weil, Gotshal & Manges partners Andrew Wilkinson and Anne-Sophie Noury talk French restructuring changes and reflect on the state of the UK regime with editor Chris Haffenden in this special extended episode of Cloud 9fin. 
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Nov 12, 2021 • 24min

Earnings, Ratio Numerators, COP26

The 9fin content and analytics team wrap up the week's HY and leveraged loans deals, head of covenant research Caitlin Carey discusses ratio numerators, ESG analyst Jack David gives us his take on COP26 and Ben Hoskin and Chris Haffenden cover off the early results of earnings calls.
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Oct 29, 2021 • 22min

Market Softening, ESG Ratchet Innovation, Bespoke CoC provision

The 9fin content and analytics team wrap up the week's HY and leveraged loans deals, legal analyst Alice Holian discusses a bespoke change of control provision and credit analysts Alex Manolopoulos and Josh Latham discuss innovation in sustainability-linked bond and loans. CEO Steven Hunter, editor Chris Haffenden and loans reporter Laura Thompson also discuss why the market has softened slightly in the last couple of weeks.

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