Reorg Blog

Reorg's recent high yield industry update included an analysis of companies’ exposure to floating-rate debt and near-term maturing debt, which indicates a high concentration of rising rate risk in a number of consumer and technology sectors. Sectors identified as having higher exposure that may potentially result in higher interest costs include: Consumer durables and apparelRetailingHealthcare equipment and suppliesSoftware and services This analysis was developed using Credit Cloud, newest data offering for leveraged finance and restructuring. Through Credit Cloud, Reorg has analyzed details on companies’ capital structures, including debt, cash and EBITDA, and then separated companies by sector using the Global...

What lies ahead in 2023 in Asian restructuring and where are the opportunities for investors? Asia’s high-yield market in 2022 was hit by multiple defaults in China’s real estate sector. “Three Red Lines”, frozen escrow accounts, follow-on LMEs, and opaque onshore restructuring processes, all contributed to substantial losses in Asian high-yield markets. But the world’s second-largest economy is now emerging from a three-year Covid lockdown, with the government hinting at business-friendly policies, and greater support for the property market. Will it stem fund outflows from the region? Will high-yield bond markets ever return to their previous size? What are the...

If you’re not already receiving Reorg on the Record, sign up here: https://reorg.com/resources/reorg-on-the-record/ Credit market participants enter 2023 after a tumultuous year that saw junk bond yields increase to almost 9% as the market continues adjusting to a higher rate environment. Reorg has invested in tools that will enable clients to analyze performing and distressed markets. OurCLO data set provides access to CLO information from almost 200 managers, which clients can use to screen for lending opportunities. For the cinema industry, drama is building off-screen, with London-based cinema operator Cineworld saying on Tuesday, Jan. 3, that neither the company nor its advisors have participated in...

Throughout the year, Reorg hosts webinars bringing together industry professionals to discuss themes in the performing, distressed, restructuring and post-reorg credit markets. Reorg's webinars cover topical credits and industry updates. They're produced by our reporters and analysts with selected external guests.Americas Webinars from 2022: Primary in the Eye of the Storm: Challenges and Opportunities in Leveraged Finance in a DownturnHot Topics in Crypto WinterWinter Came for Covid-Era Darlings? - Distress in Crypto and Tech Bausch's Remedies for Potential Patent Defeat & Creditor Angst Over B+L SpinPuerto Rico's Restructuring Endgame and BeyondRevlon - Chapter 11 Cases and Creditor DisputesCLO Considerations for Distressed InvestorsDiebold...

Reorg's unique editorial approach combines legal and financial analysis with reporting for a holistic view on thousands of sub-investment grade credits from more than 100 countries. Reorg’s editorial leadership has selected the following list of the most compelling and topical situations on distressed debt, restructuring, leveraged finance, and more across our global coverage universe. For any suggestions, please email us at questions@reorg.com. In the Americas, markets ended the last week before Christmas in an unsettled state, with stocks falling and Treasury yields rising as market participants increasingly discounted the arrival of a recession in 2023 and the Federal Reserve’s aggressive rate...