9fin’s Post

‘Family and health come first’ is one of our values — and to make sure we’re offering the best to our employees, we’ve upgraded our offering to parents, with a generous increase to our paid leave package and a suite of holistic benefits. We know how important those first few months are as a new parent, so we have increased our paid leave from 18 weeks to 22 weeks for birthing parents, and from 4 weeks to 12 weeks for non-birthing parents. 💙 But our support doesn’t stop there. We are also launching 9fam, our parental support offering for parents (new and old!) which includes 1-1 coaching to returning parents, dedicated re-onboarding programmes and more. When we say family and health come first, we really mean it, but don’t just take our word for it — check out what some of our 9finner parents have to say.

Bank holiday expectations: Park run 🏃, learning Italian 🍝, friends’ BBQ 🧑🍳 Bank holiday reality: Me, switching sides of the couch, calling it "adventure" 🛋️

Some of our favourite quotes from Georgia Orfanou, product manager, in our latest 9finner interview: 🤔 “It’s famously difficult for people to understand what we do! The simplest way of thinking about it is that we’re here to solve problems for our users.” 🧠 “Working at 9fin means you’re never mindlessly doing your job.” 📣 “Part of what makes our team so strong is that we discuss, debate and refine our approach.” We spoke to Georgia about scale-up life, going from paralegal to product manager, and her humbling croissant-baking experience. Full interview here: https://hubs.li/Q02MkDjC0

What innovative assets are hitting the capital markets these days? In this exclusive interview in partnership with DealCatalyst, 9fin’s Will Caiger-Smith caught up with Bruce Richards at Marathon Asset Management about how they’re raising the bar — quite literally — with a loan secured by cranes used for building wind turbines. Curious to see how these towering investments are powering the future? Watch the conversation to find out more — https://lnkd.in/eZkSjeGr Bruce and the 9fin team will be at DealCatalyst’s Asset Based Finance conference this September 30th in New York City. If you’re attending, be sure to say hi! If you haven’t already registered for the event, you can do so here — https://hubs.la/Q02LT9MM0

The Stress Release is back — the monthly series designed to distil the most pressing restructuring legal issues into an easily digestible format 💥 In this edition we cover elements of the new Labour government’s agenda which may impact the restructuring and insolvency world, including the dry topic of water regulation and the new Audit Reform & Corporate Governance Bill. Read now: https://hubs.li/Q02Mbsc80 #distresseddebt #debtcapitalmarkets #leveragedfinance

Michael Carruthers, Blackstone's senior managing director and European head of private credit, joined 9fin’s Synne Johnsson to discuss the retailisation of private credit, a trend making waves as funds tap into the capital of wealthy individuals. 🌊 The pros? More capital in a competitive fundraising market is welcome — but what are the risks? And why should individuals invest in private credit? 💸 Since launching its strategy for individual investors in Europe in 2022, Blackstone Credit has raised €1bn. And it has ambitious growth plans ahead. 🚀 Read the conversation — https://hubs.li/Q02LpvVr0

Brightspeed has successfully restructured $4.82bn of debt, exchanging it for $3.71bn in new obligations — dialling down its debt by 23%. The deal resolves the long-standing "hung debt" issue from Apollo's 2022 acquisition and even includes a big cheque to fund its fiber build. It's a bright new chapter for Brightspeed, but will it lead to smoother connections? 🔮 👉 For a detailed breakdown of the new capital structure, check out the story: https://hubs.ly/Q02LSCs50 #distresseddebt #leveragedfinance #brightspeed

“Building a CLO platform is a key focus within our broader alternatives strategy,” said Adam Backman, CFA, partner and head of alternatives at Lord, Abbett & Co. LLC, told 9fin. The firm has a clear plan to enter the US CLO management space. Lord, Abbett isn’t alone—we’re reported on numerous other firms like Polus Capital Management, Arini, and Chatham that are also rumoured to be making similar moves. 👉 Read the latest — https://hubs.li/Q02LH7w40 #structuredcredit #debtcapitalmarkets #leveragedfinance

J.Crew blockers have appeared as the top pushback trend this year in seven deals so far. 📈 This shift makes sense given the broader context—the era of easy money is over, and debt has become expensive. But is this just a tick-box exercise? And what other trends have seen investors push back? 👉 Olivia Mantock uncovers the latest in our European HY Pushback Trends Report for January-July 2024: https://hubs.li/Q02LShW00 We’ve extended the coverage to seven months to highlight the latest and most significant developments. 😉 If you are a 9fin client you can see every single pushback point in our Covenant Pushback feature. #highyieldbonds #debtcapitalmarkets #covenants

Not all liability management deals are "violent"; in fact the majority of deals in 2024 have allowed for participation by non ad hoc group lenders who in the past had been entirely cut out of the economics of non pro rata priming transactions. ✨ For this week's episode of Cloud 9fin, global head of distressed and restructuring Max Frumes, distressed legal analyst Jane Komsky, and private credit reporter Sami Vukelj walk through the world of liability management. The discussion covers the benefits and limitations of this kinder, gentler LME trend, with a focus on the Pluralsight and AMC Entertainment transactions. Links in the comments 👇 #distresseddebt #liabilitymanagement #debtcapitalmarkets