Debtwired!

Brian Himot discusses private credit trends, focus on high-yield deals & creative financing. Explores MES strategies, default rates, and Schuller's transition in the private credit market.

On this episode, we speak with Maples Group’s Kat Burke about the Irish restructuring toolkit and in particular, its potential as an implementation route for global workouts. Kat is Of Counsel in the Dispute Resolution & Insolvency team at Maples Group, Dublin. She is an Irish, English, US and BVI qualified corporate restructuring lawyer and has experience in key restructuring jurisdictions including New York and London.

Till Schweizer from Partners Group discusses leveraged loan market strength, CLO landscape, upcoming loan supply, and M&A activity outlook, as well as the impact of higher interest rates on capital structures. He highlights the importance of loan documentation features and positioning CLOs amid increasing underperforming credits.

DLA Piper's restructuring expert, David Manson, discusses key lessons from Aggregate Holdings' restructuring plan, including court challenges, amended plans, COMI shift impact, and insights into future restructuring battles and market evolution.

Hannah Gates discusses the convergence of private credit and bank lending markets, emphasizing the importance of cross-market relationships. The podcast explores evolving financing strategies in private credit, challenges in the market, and how banks are adapting to compete with private credit through additional services and regulatory changes.

CEO of Muddy Waters, Carson Block, discusses short selling trades in credit, European real estate risks, and challenges in implementing short trades. Examples of trade ideas and manipulation of real estate valuations are explored, highlighting the difficulties of short selling in a market with reduced liquidity and legal risks.

In this episode, we speak with Freshfields’ Craig Montgomery and Lindsay Hingston about Adler’s landmark restructuring plan, considering some of the key takeaways for future UK restructuring plans. German real estate group Adler’s UK restructuring plan secured its place in legal history recently as the English Court of Appeal allowed an appeal by a group of dissenting noteholders, overturning the High Court’s April 2023 decision to sanction the plan. This is the first time the UK’s restructuring plan tool – which came into force in 2020 – has been considered by the appellate court.#restructuring #restructuringplan #part26A #insolvency #Adler #germany #distresseddebt #bondworkout #CIGA2020 #germanrealestate #courtofappeal #lordjusticesnowden #part26arestructuringplan #litigation #disputeresolution

In this episode, we speak with Simmons and Simmons’ Christopher Kranz and Simon Kirschner, about the German StaRUG procedure, with a focus on the innovative Softline restructuring.The German Act on the Stabilisation and Restructuring Framework for Businesses (StaRUG) came into force on 1 January 2021, implementing the EU Restructuring Directive – which obliges all EU member states to establish preventive restructuring frameworks – into German law.Last year, the StaRUG procedure experienced a number of “firsts”, with high profile cases including Leoni and Gerry Weber. One particularly innovative case was that of listed IT company Softline. Our speakers acted for the majority shareholder Noventiq, which took over the entire equity under the StaRUG.#restructuring #germany #preventiverestructuringframeworks #staRUG #softline #insolvency #eurestructuringdirective #distresseddebt #germanlaw

Dominik Spanier, MD at Lincoln International, joins Debtwire’s Johannes Koch to look at the year ahead for private debt in the German-speaking region and scour the market for challenges and opportunities for debt advisors.#privatedebt #Europe #Germany #LincolnInternational #debtadvisor

Florian Kluge, MD and COO Investor Relations at Ardian, joins Debtwire’s Johannes Koch to talk about how the fundraising market is developing and explore whether private debt has reached its peak.Florian Kluge joined Ardian in 2017. As managing director he is engaged in the firm’s fundraising efforts and closely involved in the firm’s relationships with investors in Germany, Austria and the UK.Florian takes us through which asset classes are getting tougher to raise money for and highlights LPs current pain points and return expectations.Finally we hone in on the private debt class and explore whether fundraising for the asset class has reached its peak.