Cloud 9fin

The SBTi’s sudden change in stance on the use of carbon credits came as a shock in the world of sustainable finance last week.In this episode, our hosts Sammy Cole and Oliver Wise, unpack the latest events and talk to Nawar Alsaadi, the CEO and founder of Kanata Advisors, a sustainable fintech advisory firm based in Toronto, to get his take on the decision.We’ll take a closer look at the uproar that followed the SBTi’s flip of the script and shine a light on the governance concerns raised by SBTi insiders. We’ll also cover the issues that have plagued carbon markets in recent years and underline why it’s crucial to establish robust and verifiable offset standards.

The end of cheap borrowing is showing its true colors — and for Intrum it’s a deep shade of red as the Swedish debt collector faces its own credit crisis.Following our deep dive into Altice last week, 9fin analyst Jennifer Munnings, distressed debt reporter Will Macadam and senior legal consultant Freddie Doust decipher the writing on the wall as Intrum mulls its restructuring options.Their discussion covers the potential for the company to follow Altice’s lead on drop-downs, and the various ramifications if a restructuring happens in the Swedish, English or US courts.

In this podcast, they discuss Altice France's massive capacity to designate subsidiaries as unrestricted, unique debt reduction strategies, complexities in insolvency scenarios, and potential pitfalls for management and investors. They also explore interplay within Altis entities, strategic management tactics, restructuring dynamics in French insolvency processes, and non-consensual financial processes for negotiation facilitation.

In this episode, David Leland from BC Partners discusses tailoring capital structures for portfolio companies in sectors like TMT and healthcare. Topics include proactive refinancing strategies, private credit usage, business restructuring, and navigating investments across jurisdictions.

The podcast discusses the impact of weight loss drugs on companies like Weight Watchers and Herbalife. It delves into financial challenges, subscriber losses, and the influence of GLP1s. The podcast also explores the role of Oprah Winfrey in these scenarios and the proactive creditor organization in distressed companies.

European bond investors face threats to restricted payment builder baskets but are better protected against being J.Screwed. Insights from 9fin's report on high yield bond covenants are discussed. Topics include EBITDA addbacks, J. Crew blockers, portability, and refinancing trends.

Everybody knows that finance is a male-dominated industry, and there are plenty of initiatives to change that. But when you look at the numbers, it can be quite staggering to realize that, for example, just one in 10 senior portfolio managers in private credit is a woman.For this week’s episode of Cloud 9fin, we’re celebrating International Women’s Day by examining how far the industry has come in terms of gender balance — and how far it still has to go.Join our co-hosts Shubham Saharan and Sasha Padbidri as they speak with Erika Morris, head of US CLOs at Tikehau Capital, and Nadja Marcoz, a partner at Napier Park who heads up the firm’s institutional relationships.And if you want to read more personal stories about women in credit, and some information on how various firms are trying to advance gender equality, check out the deep dive article on this issue that we published last year.

Chris Schubert from Alcentra discusses his insights on the distressed market, lessons from restructuring Ideal Standard, challenges of whitelists, and nuances of the German distressed market. Topics include sector focus, real estate challenges, distressed debt strategies, liability management, and the impact of white lists on restructuring processes.

Who could have imagined that Red Lobster’s endless shrimp promotion might have unintended financial consequences?Does distress at retailers like Express, Jo-Ann’s and The Children’s Place mean the US consumer is in trouble?Is ‘liability management’ a better term than ‘credit-on-creditor violence’? And why is communications firm C Street starting a new group dedicated to it?We answer all these questions and many more in the latest episode of our Cloud 9fin podcast. Come for the silly headline, stay to meet the leaders of our new US distressed team: Max Frumes and Rachel Butt.

In November 2023, California circumvented the US Securities and Exchange Commission and released two regulations aimed at increasing climate disclosures for US companies. The SEC initially proposed its now twice delayed climate disclosures in 2022, but the regulations are expected to be released early this year.In this Cloud 9fin episode, host Jennifer Munnings sat down with Kristina Wyatt, former senior counsel for climate and ESG at the SEC, to take a deep dive into what the Californian regulations and the proposed SEC rules indicate for ESG in the US.We talk about everything from the ability for US companies to remain competitive in markets that are ever more focused on sustainability, to the potential impact of the upcoming elections on ESG in the US.