Cloud 9fin: Recent Episodes
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Come and join the discussion on the hottest debt market stories, with our expert in-house team and special guests.
ESG investing has come under increased scrutiny for its ability to effect change in recent months, following the controversial Sustainable Finance Disclosure Regulation in Europe and rising political pushback against the movement in the US.
For this week’s episode of the podcast, our host Jennifer Munnings sat down with Rupert Davies, a sustainable finance specialist with over eight years of experience, to have a frank discussion about the state of ESG.
Is ESG just a box-ticking exercise for asset managers, or can it have a real world impact? Will the US ever align with Europe, when it comes to the depth and breadth of reporting that is needed to inform investors?
Casino operator Penn Entertainment is betting that a $2bn partnership with ESPN will supercharge the company’s foray into the online sports wagering market.
It could be an expensive gamble: online sportsbooks have been a hotspot of growth in the US gambling industry, but competitors such as DraftKings and FanDuel are already starting to pivot to profitability from a “growth by any means” mentality after spending big to take market share.
Will Penn’s investors have the patience for another growth story? And how could a regulatory backlash against online gambling impact the industry?
On this week’s US edition of Cloud 9fin, US deputy editor David Bell quizzes senior reporter William Hoffman on Penn’s new tie-up with ESPN and what it means for leveraged credits in the sector.
German wire and cables manufacturer Leoni is in the process of implementing its restructuring plan, approved by the Nurembourg court under the new German bankruptcy regime StaRUG. It is the first big test of the new framework, which proved useful for cramming down dissenting minority shareholders and getting an agreement in place with several stakeholders in time to save the group from insolvency.
9fin sat down with Marlene Ruf, restructuring partner from Kirkland and Ellis, who represented a group of creditors holding its €750m revolving credit facility (RCF I) which was due to mature two months ago. Marlene takes us through what a StaRUG process entails, how it helped with Leoni’s restructuring plan as well as the precedent this case sets for future restructurings under the regime.
Sometimes it feels like the next wave of distress in the debt markets is always two quarters away. What if it’s already here — less of a tsunami and more of a gradual rise in the sea level?
Chris Wright runs the private markets group at Crescent Capital, and has plenty of experience as a junior capital provider to stressed credits. As we reported this week, tapping third parties for instruments such as preferred equity and holdco PIK debt has become an increasingly popular strategy for borrowers facing tricky maturities.
In this week’s episode of the podcast, Will Caiger-Smith quizzes Chris on what these types of situations can teach us about distress, and how the markets deal with it in 2023.
Recent developments in the German Real Estate industry have attracted significant attention due to controversial governance and questionable transactions, which were further exacerbated by a series of short-seller attacks.
However, are these factors solely responsible for their bonds trading at distressed levels and the equity at a considerable discount to book value?
For this week’s podcast, Chris Haffenden, Editor at 9fin, sits down with Senior Distressed Analyst Emmet Mc Nally and Credit Analyst Hazik Siddiqui to talk about our recent special report on German Real Estate.
The podcast, much like the report, covers everything from the key terminology and inputs determining credit ratios and KPIs, to what potential triggers lie ahead for companies with near-term maturity walls and where our analysts see best value in the market.
Want to get your hands on a copy of the full special report? 👉 Join the waiting list to get your copy next Wednesday — https://lnkd.in/e6UxnsRt
Credit ratings are one of the foundations of modern credit markets — and the National Association of Insurance Commissioners wants in on the action.
Several months ago, the regulatory association announced plans to adjust the capital charges for insurance companies investing in CLO debt and equity, by developing an in-house rating methodology instead of relying on the big three agencies.
The plans were already controversial within the CLO industry. But in a recent update, the NAIC has expanded the scope of these new rules, sparking broader outrage from industry observers as well as several Republicans on the House Financial Services committee.
The NAIC says it’s looking to prevent “regulatory arbitrage”, but critics see the rules as a “land grab” for rating fees. For this week’s podcast, Will Caiger-Smith sits down with US deputy editor David Bell to unpack the controversy.
Will Thames Water’s overflowing £14bn debt pile lead to its downfall? Or should everyone pipe down?
Bianca Boorer sits down with Owen Sanderson to discuss the media storm around Thames Water over the last two weeks, dispelling misguided views on its liquidity while going through potential obstacles down the stream.
The infamous J.Crew maneuver was a bombshell, setting a blueprint for contentious liability management deals and sparking a wave of efforts to block such maneuvers. Now, some direct lenders are worried they've found a way around those blockers.
As we wrote earlier this week, securitization baskets in some credit agreements could be loose enough to allow borrowers to securitize assets like intellectual property.
How realistic is this idea, and what can people do about it? Will Caiger-Smith quizzes covenant expert James Wallick to get the answers.
Thanks to rising scrutiny from investors, ESG is no longer just a second thought in private credit dealmaking. It’s now a must-have.
Private funds are using a variety of methods to integrate ESG considerations into their decision-making: for this week’s episode, our host Sammy Cole sat down with Cassandra Fahy, a managing director at Pemberton Asset Management, to discuss some of them.
How has the approach to ESG evolved over time? What challenges come up when collecting data from borrowers? And what does the future holds for ESG in private credit?
The end of Libor is a little over a week away, and some US corporate borrowers are still racing to switch their floating rate loans to SOFR ahead of the 30 June deadline.
The loan market’s transition away from the old reference rate has been slow, but increasingly contentious in recent months. Borrowers, lenders and financial sponsors have tussled over the compensation offered to loan investors to swap into the lower-yielding SOFR benchmark.
In this week’s edition of Cloud 9fin, US deputy editor David Bell sat down with Dan Ko, a senior principal and portfolio manager at Eagle Point Credit Management to talk about how CLO equity investors rallied loan buyers to resist off-market SOFR amendments — as well as the challenges and opportunities in CLO equity as more deals exit their reinvestment periods.
Samhallsbyggnadsbolaget (SBB) has had a tough couple of months, after losing its investment grade rating and with some bondholders now arguing the company has breached a key covenant under its bond documentation.
For this week’s episode of Cloud9fin, Bianca Boorer sits down with Hazik Siddiqui and David Orbay-Graves to look into the Swedish real estate firm’s recent accounting revisions, ways it can address its bloated capital structure and thoughts on recoveries.
Private credit is attracting plenty of new faces these days, but as we wrote in this week’s Unicrunch newsletter, a handful of household names dominate fundraising and dealmaking.
Craig Packer is one of those names. Owl Rock, the direct lending firm he co-founded back in 2016, was already a power player in direct lending before it merged with Dyal Capital in 2021 to create Blue Owl; he’s now at the helm of one of private credit’s biggest brands, as investor interest in the sector is going mainstream.
For this week’s episode of the podcast, our private credit editor David Brooke sat down with Craig to talk about deals, documentation, retail investors and the threat of a recession — and Blue Owl’s efforts to dictate terms and keep lending standards tight.
It's Thanksgiving week in the US, which normally means the beginning of the end for the year's primary issuance — but this year might not follow the normal rules. We round up recent primary market news, explain the deteriorating outlook in the building products and software sectors, and unpack some new data around investor-facing hires on the buyside.
The 9fin content and analytics team wrap up the week's activity and co-head of European loans research Jainisha Amin discusses structural adjustments. ESG analyst Sammy Cole does a second part on new developments in SFDR and editor Chris Haffenden and distressed debt reporter Bianca Boorer talk Orpea's new restructuring plan.
The primary market is back open (for now) but there's a slow squeeze happening in secondary. Liquidity is poor, and lower-rated credits are underperforming — and it's going to get worse before it gets better. Will Caiger-Smith sits down with Emily Fasold to talk about the reinvestment crunch.
The 9fin content and analytics team wrap up the week's activity and senior legal analyst Alice Holian discusses dangerous covenant pitfalls with regard to Envision. ESG analyst Sammy Cole talks about new developments in SFDR and credit analyst Josh Latham and loans reporter Laura Thompson discuss European high-yield's upcoming maturity wall.
Moving or storage? Fix and flip or buy and hold? These days, investment banks are under increasing pressure to compete with private credit firms — that's why many of them have set up their own direct lending groups. Marisa Sotomayor sits down with Will Caiger-Smith to explain how these businesses work.
The 9fin content and analytics team wraps up the week's activity and co-head of European HY research Brian Dearing discusses subordination with regard to the recent Brightspeed and Carnival deals. ESG analyst Oliver Wise makes his debut on the pod to discuss Verisure's ESG issues and loans reporter Kat Hidalgo and US editor Will Caiger-Smith discuss the health of the CLO market in the light of Japanese AAA investor Norinchukin pulling out of CVC's latest CLO.
Last month, a group of climate protestors stormed a panel at a US private equity conference and lambasted ESG. A few weeks earlier, Texas and Florida had blacklisted ESG investment firms or banned the use of the practice. How did Republican politicians and left-wing activists end up united in their criticism of ESG?
The 9fin content and analytics team wraps up the week's activity and co-head of European loans research Jainisha Amin explains MFN clauses. Loans reporter Kat Hidalgo and Michal Skypala talk the steadily drying leveraged loans pipeline and ESG analyst Dan Power talks about issues on Graanul Invest and the biomass industry.
For LBO underwriters, the good old days are well and truly over. The Citrix syndication, which officially closed last week, showed how banks are pulling out all the stops to offload risk while minimizing losses — and this new playbook involves some potentially awkward and painful consequences. Will Caiger-Smith sits down with Steven Hunter, 9fin's CEO, to map out this brave new world.
In this special episode the Cloud9fin team discusses their experience of the IPEM conference in Cannes, speaks to delegates and gives you a special look into two panel discussions from the event.
How do you go from working from one of the world's biggest advocates for ESG investing to joining a firm that thinks ESG is a scam? Our US editor Will Caiger-Smith talks to Matt Cole, a former Calpers portfolio manager who recently moved to Strive Asset Management — the "anti-woke" investment firm that wants to compete with the likes of BlackRock and Vanguard.
Special bonus episode of Cloud 9fin, the leveraged finance podcast. Co-head of European HY covenant research Caitlin Carey discusses bond docs on the Citrix debt financing.
The 9fin content and analytics team wraps up the week's activity. Speakers from the Investors Conference on UK Mortgage Finance go into detail on mortgage regulation, impacting levfin issuers like Miller Homes and Keepmoat. ESG analyst Sammy Cole breaks down Ford's new green bond and loans reporters Kat Hidalgo and Michal Skypala talk trends in Q2 earnings.
0:00 - Intro
0:48 - Levfin Wrap
1:59 - Mortgage regulation panel
6:24 - Please raise responsibly: Ford green bond
12:16 - Deep discussion: Q2 earnings
Labor Day beckons, which means it's nearly the end of summer — and it's been a weird one. As we try to make sense of yet another strange post-Covid season for credit markets, our US editor Will Caiger-Smith sits down with Jeremy Burton of PineBridge Investments to discuss the Fed, the LBO market and second quarter earnings.
The 9fin content and analytics team wraps up the week's activity, co-head of European HY research Brian Dearing and credit analyst Nathan Mitchell discuss trends in redemption mechanics and distressed analyst Emmet McNally tells loans reporter Kat Hidalgo all about the issues facing domestic appliances manufacturer PDA.
0:00 - Intro
1:03 - Levfin Wrap
1:38 - Covenant close-up: Redemption mechanics trends
11:47 - Deep discussion: PDA
It's been a weird summer: equities have rebounded and there's been some good news on inflation, but with rates still extremely high and a big LBO backlog the outlook for credit is unclear. How are portfolio managers and CLO issuers approaching this market? Bill Weisbrod dials up John Fraser, head of global structured credit at Tikehau Capital, for answers.
The 9fin content and analytics team wraps up the week's activity and co-heads of European loans research Jainisha Amin and Christine Tognoli discuss which terms investors are pushing back on and which ones they should be pushing back on more. Loans reporter Kat Hidalgo talks ESG issues on the Ekaterra deal floating about the levfin market with ESG analyst Jack David and editor Chris Haffenden does a deep dive on the issues facing flooring company Victoria Plc.
0:00 - Intro
0:46 - Levfin Wrap
1:08 - Covenant close-up: Most/least pushed back terms
6:16 - Please raise responsibly: Ekaterra ESG issues
8:27 - Deep discussion: Victoria Plc.
How do you stay ahead in the war for talent and make sure you're building a diverse team? We have questions, and Sasha Jensen — founder of credit recruitment firm Jensen Partners — has answers.
The 9fin content and analytics team wraps up the week's activity, co-heads of European loans research Jainisha Amin and Christine Tognoli discuss where lenders get better documentation between Europe and the US. ESG analyst Jack David also speaks about whether there is an observable greenium in sustainability-linked instruments and loans reporter Kat Hidalgo and senior reporter Owen Sanderson discuss how banks are shifting their approach to underwriting.
0:00 - Intro
0:52 - Levfin Wrap
2:16 - Documentation in US v Europe
6:16 - Please raise responsibly: Greenium
8:27 - Deep discussion: Underwriting approach shifts
We're back to outside guests this week, as 9fin's US editor Will Caiger-Smith dials up Kris Ring, a debt finance partner at Goodwin Procter on the West Coast. With primary issuance so slow, what are lawyers and sponsors working on these days?
The 9fin content and analytics team wraps up the week's activity, co-head of European loans research Christine Tognoli talks about changes seen on 888 and what they mean for the market. ESG analyst Jack David also speaks about SLB regulation and loans reporter Kat Hidalgo and distressed debt reporter Lara Gibson review deals linked with direct lenders and discusses the direct lending firms' continued incursion into LevFin.
0:00 - Intro
0:49 - Levfin Wrap
2:53 - 888 docs changes
9:37 - Please raise responsibly: SLB regulation
13:27 - Deep discussion: Direct lending
The cost of refinancing gets higher and higher almost every day. This week, Will Caiger-Smith sits down with David Bell, 9fin's new US deputy editor, to discuss what's in store for companies that missed last year's rock-bottom rates.
The 9fin content and analytics team wraps up the week's activity, senior covenant analyst Brian Dearing and legal analyst Alice Holian discuss some new tools out on 9fin, as well as a report the legal team published on docs changes, and ESG analyst Daniel Power talk ESG issues surrounding French care home operator Orpea. Editor Chris Haffenden and loans reporter Laura Thompson speak about food inflation and some of the issues various credits in the food products sector are currently facing.
0:00 - Intro
0:51 - Levfin Wrap
1:47 - Covenant close-up: Docs changes
10:59 - Please raise responsibly: Orpea ESG issues
17:30 - Deep discussion: Food inflation
If you're an investment bank, the leveraged buyout market is a dangerous place these days. This week, US editor Will Caiger-Smith brings 9fin's CEO Steven Hunter to the studio to discuss how financing buyouts became such a pain for Wall Street dealmakers — and who stands to benefit.
In this special episode the Cloud9fin team discusses their experience of the Global ABS conference in Barcelona, speaks to delegates and gives you a special look into a panel discussion from the event.
Cloud 9fin goes for the W, as US editor Will Caiger-Smith dials up reporter William Hoffman to talk about Maxar Technologies. The satellite imaging company has been all over the news with its wartime images of Ukraine — has its credit profile caught up with this newfound fame?
The 9fin content and analytics team wraps up the week's activity, head of covenant research Caitlin Carey discusses why not all restricted subsidiaries are created equal and we discuss 9fin's 23 June webinar: "Diving into Sustainability-Linked Deal Terms." Distressed debt reporter Bianca Boorer also takes us through the fight between Novalpina agent BRG and lender Ares Management for Laboratoire X.O.
0:00 - Intro
0:53 - Levfin Wrap
2:55 - Covenant close-up: Restricted subsidiaries
7:10 - Please raise responsibly: Diving into Sustainability-Linked Deal Terms, a webinar
09:30 - Deep discussion: Laboratoire X.O
Tech is selling off and laying off, retail earnings are down, the Twitter debacle is rumbling on — what does all this mean for leveraged finance? This week, 9fin's US editor Will Caiger-Smith dials up John McClain of Brandywine Global to digest the past two weeks.
The 9fin content and analytics team wraps up the week's activity, head of covenant research Caitlin Carey walks us through the restricted group concept and credit analyst Josh Latham discusses creative KPIs using rhino bonds as an example and analyses possible creative KPIs for Unilever Tea. Senior reporter Owen Sanderson also talks the recent LaLiga financing with loans reporter Kat Hidalgo.
0:00 - Intro
0:56 - Levfin Wrap
2:17 - Covenant close-up: Restricted Group Concept
7:37 - Please raise responsibly: Creative KPIs (Rhino bonds, Unilever Tea)
12:13 - Deep discussion: Football Financing (LaLiga)
9fin's US editor Will Caiger-Smith chats with Frank Ossino of Newfleet Asset Management about recent market volatility, the impact of monetary policy on leveraged loans, and how the rising cost of issuance could affect struggling borrowers.
The 9fin content and analytics team wraps up the week's activity, legal analyst Alice Holian tells us about her experience at the Frankfurt Seminar for High Yield and Leveraged Finance in Europe, ESG analyst Jack David discusses recent trends in green bond issuance and discusses the ESG credentials of Miller Homes and Biofarma. Loans reporter Laura Thompson and senior reporter Owen Sanderson discuss the impact of inflation on the LevFin pipeline in Q2.
0:00 - Intro
0:55 - Levfin Wrap
2:59 - Covenant close-up: Frankfurt Seminar
7:37 - Please raise responsibly: Miller Homes
12:13 - Deep discussion: Inflation in Q2
In case you haven't heard, Elon Musk is buying Twitter. So for this week's episode, our US editor Will Caiger-Smith quizzes Steven Hunter, 9fin's CEO, on the deal's structure, how it might come to market, and what Twitter might look like as a credit.
The 9fin content and analytics team wraps up the week's activity, legal analyst Alice Holian discusses how the asset sales covenant can expand RP capacity, credit analyst Alex Manolopoulos discusses Prisa's ESG-linked loans and gives some insight into carbon credit quality, and editor Chris Haffenden gives us an update on the ongoing distressed situation for Schur Flexibles.
0:00 - Intro
0:51 - Levfin Wrap
1:48 - Covenant close-up: Asset sales covenant
7:12 - Please raise responsibly: Prisa
11:46 - Deep discussion: Schur Flexibles
This week, Kat Hidalgo quizzes 9fin editors Will Caiger-Smith and Chris Haffenden on market trends across the Atlantic. They discuss the uptick in issuance as markets recover from the war in Ukraine, the attractiveness of loans versus bonds, sectors that are feeling the impact of inflation, and the potential for distress in first quarter earnings.
Legal analyst Alice Holian and senior covenant analyst Brian Dearing discuss portability in loans and raise some red flags, ESG analyst Sam Stevens discusses the proposal for climate disclosures by the SEC, and loans reporter Michal Skypala and senior reporter Owen Sanderson talk about the nature of this week's market reopening.
0:00 - Intro
0:50 - Levfin Wrap
2:14 - Covenant close-up: Loans portability
13:47 - Please raise responsibly: SEC proposal for climate disclosure
19:06 - Deep discussion: Market reopening
US editor Will Caiger-Smith catches up with Todd Koretzky, a partner at Allen & Overy, to discuss shifting narratives around private credit. From the growth of big-ticket deals to the convergence of terms between syndicated and private debt, how should market participants think about the seemingly unstoppable rise of non-bank financing in leveraged credit?
Legal analyst Alice Holian and senior covenant analyst Brian Dearing discuss how the available amounts concept can be interpreted, ESG analyst Jack David discusses the clean energy transition, and loans reporter Laura Thompson tells us about the current state of the aviation sector.
0:00 - Intro
00:48 - Covenant close-up: Available amount interpretations
9:52 - Please raise responsibly: Clean energy transition
14:28 - Deep discussion: Aviation sector
US editor Will Caiger-Smith sits down with Melanie Hanlon, head of credit research at Napier Park Global Capital, to discuss changing dynamics in the primary and secondary loan market, second and third-order impacts of the war in Ukraine, and the evolution of ESG in credit.
The 9fin content and analytics team wrap up the week's HY and leveraged loans (non-existent) deals, head of covenant research Caitlin Carey and senior covenant analyst Brian Dearing discuss Ontex's change of control provision, ESG analyst Sam Stevens discusses ESG red flags present in Russian society prior to the current sanctions and editor Chris Haffenden and senior reporter Owen Sanderson give us the latest on the Russia-Ukraine conflict's effect on European leveraged finance.
0:00 - Intro
01:40 - Covenant close-up: Ontex change of control
9:30 - Please raise responsibly: Russian red flags
14:28 - Deep discussion: Ukraine-Russian conflict
As Russia continues its invasion of Ukraine, US editor Will Caiger-Smith sits down with 9fin CEO and co-founder Steven Hunter to evaluate the conflict's impact on leveraged credit.
The 9fin content and analytics team wrap up the week's HY and leveraged loans deals, head of covenant research Caitlin Carey discusses voting caps, ESG analyst Sam Stevens discusses care home credits in light of the Orpea controversy and editor Chris Haffenden and loans reported Michal Skýpala give us the latest on Schur Flexibles, after the company's shock announcement to lenders.
0:00 - Intro
00:49 - Levfin wrap
01:24 - Covenant close-up: Voting caps
8:15 - Please raise responsibly: Care homes
16:27 - Deep discussion: Schur Flexibles
In this episode, US editor Will Caiger-Smith talks to Dave Preston of AGL about the expanding CLO investor base, leveraged loan underwriting standards, and ESG.
The 9fin content and analytics team wrap up the week's HY and leveraged loans deals, head of covenant research Caitlin Carey discusses "no worse" ratio tests, credit analysts Josh Latham and Alex Manolopoulos talk the good, the bad and the ugly of ESG margin ratchets and coupon step-downs and editor Chris Haffenden gives us the latest on Saipem.
0:00 - Intro
00:53 - Levfin wrap
01:31 - Covenant close-up: "No worse" ratio tests
11:06 - Please raise responsibly: ESG ratchets and step-downs - the good, the bad and the ugly
16:07 - Deep discussion: Saipem
A new series of guests interviews recorded at 9fin’s New York headquarters by US editor Will Caiger-Smith. In this debut episode, we discuss equity volatility, the rush to floating rate assets, and the recent Bausch Health refi.
The 9fin content and analytics team wrap up the week's HY and leveraged loans deals, head of covenant research Caitlin Carey discusses liens covenants touching on permitted liens vs permitted collateral liens and ESG analyst Jack David gives us an update on sustainability-linked bonds and loans for this January. For his Cloud 9fin debut US editor Will Caiger-Smith gives us a look into his market and discusses the driving forces behind a continuing shift towards loans.
In this special episode the 9fin content and analytics team looks back on a blockbuster year and ahead to slightly more troubled waters. Credit analyst Ben Hoskin and loans reporter Katharine Hidalgo look at bonds and loans, editor Chris Haffenden takes us through the restructuring and distressed debt spaces, senior reporter Owen Sanderson looks at CLOs and ESG analyst Jack David reviews the ESG field.
CEO Steven Hunter and loans reporter Michal Skýpala face off against editor Chris Haffenden and senior reporter Owen Sanderson in our first annual leveraged finance Christmas quiz. The teams will answer questions on loans, bonds and ESG in a quiz that includes some impossible questions, some useless questions and maybe one or two interesting ones!
Weil, Gotshal & Manges partners Andrew Wilkinson and Anne-Sophie Noury talk French restructuring changes and reflect on the state of the UK regime with editor Chris Haffenden in this special extended episode of Cloud 9fin.
The 9fin content and analytics team wrap up the week's HY and leveraged loans deals, head of covenant research Caitlin Carey discusses ratio numerators, ESG analyst Jack David gives us his take on COP26 and Ben Hoskin and Chris Haffenden cover off the early results of earnings calls.
The 9fin content and analytics team wrap up the week's HY and leveraged loans deals, legal analyst Alice Holian discusses a bespoke change of control provision and credit analysts Alex Manolopoulos and Josh Latham discuss innovation in sustainability-linked bond and loans. CEO Steven Hunter, editor Chris Haffenden and loans reporter Laura Thompson also discuss why the market has softened slightly in the last couple of weeks.
9fin editor Chris Haffenden discusses the current state of Adler shareholder Aggregate's bonds in the wake of a Viceroy report on Adler.
The 9fin content and analytics team wrap up the week's HY and leveraged loans deals, senior legal analyst Caitlin Carey discusses CNI build-up baskets, ESG analyst gives an overview of the ESG space with a focus on Graanul Invest and loans reporters Laura Thompson and Michal Skypala talk Median Kliniken, and discuss if ESG risk is now considered on a par with credit risk.
The 9fin content and analytics team wrap up the week's HY and leveraged loans deals, senior legal analyst Caitlin Carey discusses pandemic-proof EBITDA add-backs, credit analyst Josh Latham discusses sustainability-linked bond KPIs with a focus on Europcar and editor Chris Haffenden and senior reporter Owen Sanderson talk securitisation trends and take-aways from Global ABS.
The 9fin content and analytics team wrap up the week's HY and leveraged loans deals, senior legal analyst Caitlin Carey takes us through the sustainability call premium seen on Itelyum's recent high-yield issuance, credit analyst Alex Manolopoulos discusses ESG concerns around Pasubio and CEO Steven Hunter and senior reporter Owen Sanderson talk pipeline, the art of the possible in today's market and Morrisons.
The 9fin content and analytics team wrap up the week's HY and leveraged loans deals, senior legal analyst Caitlin Carey explains portability, ESG analyst Jack David does a deep dive into the effects of shipping on climate change and CEO Steven Hunter and editor Chris Haffenden discuss the recent events of the court proceedings involving Amigo Loans.
The 9fin content and analytics team wrap up the week's HY and leveraged loans deals, senior legal analyst Caitlin Carey takes us through the specified asset dispositions concept, ESG analyst Jack David takes on former chief investment officer for sustainable investing at BlackRock Tariq Fancy after he told The Guardian green investing "is definitely not going to work" and head of research and analytics Huw Simpson and credit analyst Ben Hoskin discuss United Group latest acquisition and its effect on its capital structure.
The 9fin content and analytics team wrap up the week's HY and leveraged loans deals, senior legal analyst Caitlin Carey takes us through the available amount concept, ESG analyst Jack David discusses Fit for 55 and editor Chris Haffenden and Caitlin Carey run through the recent events surrounding Intralot.