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
May 2, 2024 • 15min
Navigating the new paradigm with Rob Fawn of PGIM
Rob Fawn from PGIM Fixed Income discusses navigating the new paradigm in leveraged finance. Topics include default rate predictions, special situation strategies, aggressive liability management in Europe, cooperation agreements, French restructuring processes, challenges in levered real estate, and successful deal sourcing in distressed markets.
Apr 25, 2024 • 22min
Managing messaging with Jude Gorman of Collected Strategies
Finance is about money, obviously, but it’s also about narratives. That’s especially true in the world of activist investing and proxy battles, and in the high-stakes arena of distressed debt.In an age where news travels faster — and through more channels — than ever before, how do companies and investors manage their messaging?For this week’s episode of Cloud 9fin, our global head of distressed debt and restructuring, Max Frumes, sat down with Jude Gorman, the co-founder of communications firm Collected Strategies, to find out.
Apr 18, 2024 • 16min
SBTi U-turn rocks world of sustainable finance
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.
Apr 11, 2024 • 21min
Intrum in the red
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.
Apr 4, 2024 • 35min
Control, Altice, Delete
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.
Mar 28, 2024 • 13min
Tailoring to the thesis with David Leland of BC Partners
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.
Mar 21, 2024 • 11min
Who watches the WeightWatchers?
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.
17 snips
Mar 14, 2024 • 21min
The best and worst of high yield bond covenants
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.
Mar 7, 2024 • 16min
IWD Edition — Breaking through the bottleneck
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.
4 snips
Feb 29, 2024 • 23min
Restructuring reflections with Chris Schubert, Alcentra
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.
