Americas Podcast: Brazos Chapter 11 Filing and Hertz Chapter 11 Plan
Each Friday, the Americas Core Credit by Reorg team releases a podcast discussing high-yield, stressed and distressed markets as well as performing credits in North and South America, including Puerto Rico and Argentina. Each episode features highlights from the previous week and the week ahead as well as a deep dive into a particular company, credit or situation. This week Conor Skelding and Sean Daly discuss Brazos and Hertz in relation to their chapter 11 protections.
The after effects of mid-February’s extreme cold temperatures in Texas have, so-far, created lawsuits, historically high collateral posting requirements and caused have Brazos to file for chapter 11. On the other hand, this was a big week for anyone following the Hertz situation. Debtors working with advisors have developed a few plans to emerge from chapter 11 including court approval on the sale of their Donlen fleet leasing management business to Athene. Click through to listen to the full episode on Apple Podcasts, Spotify or Soundcloud for our full analysis and discussion on Brazos and Hertz.