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
8 snips
Mar 5, 2025 • 28min
Scott Greenberg wants your cooperation
Scott Greenberg, global chair of Gibson Dunn’s restructuring group, dives deep into the world of liability management and cooperation agreements. He explains how cooperation agreements have evolved to become standard in U.S. deals and their growing presence in European markets. Greenberg highlights the shift of CLO managers from passive roles to proactive players in managing distressed assets. The conversation also touches on negotiating dynamics, antitrust considerations, and the necessity for collaboration among lenders to navigate the competitive financial landscape.
7 snips
Feb 26, 2025 • 23min
Getty-ing back with your X, on Snapchat
Uncover the intriguing connections between media giants X, Snap, and Getty Images as they navigate debt and advertising challenges. Discover how Musk influenced Twitter's financial recovery post-acquisition and learn about Snap's innovative strategies to thrive in social media. The discussion also delves into AI's impact on stock photography, highlighting the merger dynamics at Getty. Tune in for a fresh perspective on the future of media amid rapid technological advancements and shifting investor sentiments.
Feb 21, 2025 • 7min
For the continuation fun[d] of it
The conversation dives into the rise of private credit continuation vehicles, emphasizing their appeal in today's M&A landscape. It touches on BlackRock's substantial launch and the expectations for growth in 2025. However, challenges abound, including liquidity issues in a high interest rate environment and difficulties attracting limited partners. The discussion also tackles the dynamics of selling performing loans at discounts and the critical role of relationships in navigating asset transitions.
12 snips
Feb 14, 2025 • 41min
SRT leverage is fun and cool
Celeste Tamers, a senior reporter at Nightfin specializing in SRT, and Owen Sanderson, a securitization expert, dive into the intricate world of Significant Risk Transfer. They discuss the evolving regulatory landscape, highlighting how banks manage credit risks while navigating challenges. The duo explores how private credit firms are rising in influence, the implications of SRT leverage on market dynamics, and the historical context shaping these transformations. Their insights reveal the delicate balance between financial opportunities and systemic stability.
8 snips
Feb 13, 2025 • 21min
Jane's LME Addiction: Never been in Better Health
Jon Henes, founder of C Street Advisory Group, and George Klidonas, restructuring partner at Latham & Watkins, dive into the dynamic world of liability management. They discuss the transformative Better Health transaction and how it shapes future leverage market trends. The conversation highlights the evolution of capital structures and the vital role of strategic communication amid financial restructuring. The duo also explores the intricacies of navigating Chapter 11 amidst economic uncertainties, shedding light on the necessity for clear communication in complex situations.
Feb 10, 2025 • 14min
Another maturity in the wall
Publicly traded leveraged debt issuers are facing a collective maturity wall of $219 billion in the coming years. But unlike the Chiefs' offensive line in the Super Bowl, credit market watchers aren't expecting that wall to collapse.In this episode of Cloud 9fin, US managing editor Bill Weisbrod sits down with credit analyst Ben Dickerman and leveraged finance reporter Dan Mika about their recent piece looking at how the 2026-27 maturity wall in the US is shaping up.Among the highlights: how issuers are hanging on to cheap debt costs, how a leveraged finance market starved for new-money deals is giving BB-rated companies plenty of time to refinance, the uncertainties surrounding Trump administration’s economic policies, and how this story was powered by Dan’s love of drum and bass music.As always, if you have any feedback for us, send us a note at podcast@9fin.com
Feb 6, 2025 • 21min
Fútbol, football, private credit
With Super Bowl Sunday upon us, much like over a third of the US, we thought we’d focus on sports.Private credit has been circling sports for some time as an investment opportunity. Many regulatory changes in the past year and an increasing number of emerging sports leagues have brought it back into view to begin this year.In this episode of Cloud 9fin, senior reporter Peter Benson sits down with Aaron Kless, managing partner and CIO at Andalusian Credit Partners, to discuss all things private credit and sports.The discussion topics include the institutionalization of the sports market, how credit works with sports franchises and other areas of the sporting world that are ripe for credit investment.As always, if you have any feedback for us, send us a note at podcast@9fin.com
16 snips
Feb 3, 2025 • 40min
Private credit ping pong
Soren Christensen, partner at Cinven with extensive experience in leveraged finance, and Amit Bahri, co-head of European Direct Lending at Goldman Sachs, dive into the evolving world of private credit. They explore the shifting dynamics between banks and private credit firms, highlighting changing borrower preferences and strategies. The duo discusses the implications of the returning BSL market, the appeal of junior PIKs, and what the next few years might hold for M&A activity and lending trends as market conditions stabilize.
4 snips
Jan 22, 2025 • 6min
How are the Southern California wildfires impacting LevFin?
Southern California wildfires are wreaking havoc on leveraged finance, with estimated insured losses surpassing $20 billion. Industries are bracing for impact, especially utilities facing liabilities, which could strain fire insurance funds. The media sector, however, shows surprising resilience amid the challenges. Dive into the financial ramifications and learn about tools like wildfire trackers for staying informed.
4 snips
Jan 15, 2025 • 8min
How many private credit managers does an LP really need?
In the current landscape, private credit fundraising has hit a low, yet investor optimism remains strong. There's a notable consolidation, with capital flowing to established managers while newer firms struggle. The impact of rising interest rates and potential banking deregulation poses both challenges and opportunities for these asset managers. The discussion also hints at how political shifts, like a new administration, might influence this space in the coming year.
