Reorg Blog

Earlier this week, the Reorg team hosted a live, in-person panel event in New York! The event, titled From Issuance to Workout: Opportunities and Risks in Times of Volatility, featured two panels covering the most topical items in the leveraged finance and distressed credit markets. Following an introduction by Sarah Gefter, Reorg's Managing Director - Americas Credit, the first panel took the stage. This panel, moderated by Reorg's SVP & Head of Research - HY, covered "Issuer Funding Trends in the Current Credit Climate" included the following experts: Chris Bonner | Head of Leveraged Capital Markets - Goldman SachsJane Lawrence | Portfolio Manager...

In today's volatile business landscape, staying informed about the financial health of companies is crucial for making informed decisions, mitigating risks and identifying untapped opportunities in the credit market. One powerful tool that provides valuable insights into performing, stressed and distressed companies is Reorg's RCF tracker. With its comprehensive coverage and regular updates, the RCF tracker equips professionals with the necessary information to navigate the complex world of revolving credit facilities (RCFs). Understanding the RCF Tracker: Reorg's RCF tracker is an indispensable resource that monitors over 220 companies on a weekly basis, capturing the latest developments in their RCFs. It...

Breaking down the intricacies of complex or long-term situations over time can be an elaborate or daunting task. But Reorg’s robust and well-organized financial analyses can easily help you and your team get up to speed on even the most rapidly developing situations. For example, our coverage of Revlon’s restructuring over the past several years includes regularly updated financial tear sheets, covenants tear sheets, exchange models, waterfall models, Excel uploads of management projections and plan treatment models, including (but not limited to) the following: In 2020 Reorg published exchange models after the BrandCo transaction;In 2021 Reorg published a waterfall model illustrating BrandCo and RemainCo lenders’ recoveries;Earlier this...

Following the U.K.’s departure from the EU in 2020, distressed European companies continue to make use of English restructuring tools such as the scheme of arrangement and Part 26A restructuring plan. The English courts have overseen the expansion of scheme jurisdiction in the past 20 years, typically finding the development as an example of “healthy” or “good forum shopping” and since the introduction of the new Part 26A restructuring plan in 2020, this approach has been continued. Most recently, German real estate group Adler chose to restructure its debt using an English restructuring plan rather than make use of its...

Reorg delivers critical data and analysis for leveraged finance and restructuring professionals. Here are some examples of coverage through the credit lifecycle from performing and primary markets to distressed, restructuring and post-reorg that you and your team could access through a subscription to Reorg. Americas In the Americas, 14 debtors filed for chapter 11 over the past two weeks, including six with liabilities in excess of $100 million. Bed Bath & Beyond entered the process on April 23, stating that “long shot transactions” failed to stabilize the company; the debtors now seek speedy store liquidations and potential 363 sales of...

The EU has rolled out new ESG related disclosure requirements, the Sustainable Finance Disclosure Regulations, or SFDR, which impacts many EU-based assets managers. The first SFDR reporting deadline of June 30, 2023, is fast approaching. Luckily, we are in a good position to help any manager in the private credit space comply with the new requirements. In fact, our ESGx team has been working with credit investors and legal advisors for almost two years to make sure we have a consistent and comprehensive solution to the disclosure requirements.The goal, as it has been for ESMA Article 7 reporting, is to employ scalable technology...