Weekly News – February 21
Sign up Now! Credit Symposium only 3 weeks away! Breaking News: Hooters on the brink, Better Health meets At Home, BK fees analyzed, Forever 21, Spirit Airlines lifts off, and much, much more…
Creditor Corner |
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Hooters on the brink, Better Health meets At Home, BK fees analyzed, Forever 21, Spirit Airlines lifts off, and much, much more… |
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2025 Credit Opportunities SymposiumOnly 3 Weeks Away |
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Tweet of the Week |
a bit risque…. but made us laugh…. |
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In the newsPrivate credit Billionaires |
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Exclusive Featured Content
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Better Health meets At Home (aka the Double-Dip)… |
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Click Above to Access Content One time registration required |
Our take: Post the slap-down in Incora, Platinum Equity is back at it yet again. This time, combining technology from Better Health with a double-dip to avoid some of the pro rata limitations from Serta. We’re betting reducing leverage less than 1x on an 11x levered sh*tco won’t help this turd avoid the dumpster fire trash heap of LME detritus. |
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What we’re readingLegal fees skyrocketing…. |
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Our take: The CRC launched its Data Download to provide transparency into the increasing costs of bankruptcy. See our most recent research below: |
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The Data Download |
Bringing Transparency to the Bankruptcy Process |
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Click Above to Access The Data Download |
Our Take: The Daily Cost of BK Legal fees Are Increasing. Are we shocked? No. We took a deep dive to see what is driving up the daily cost of restructurings and the culprit: Increasing Legal Hourly Rates. We analyzed final fee apps for top debtor law firms from 2018 to 2024 and found average hourly legal fees have increased by over 65% since 2018. Maybe a little bit of sunlight is the right disinfectant to help remedy the problem…. |
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In the newslesson learned? We doubt it… |
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Featured Content
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up…up…up and away…. |
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Click Above to Access Content One time registration required |
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In the newsmore retail pain |
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Featured Content
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A look back…. |
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Click Above to Access Content One time registration required |
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Data Downl0adelephant in the coal mine… |
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Data Downl0adcanary in the coal mine… |
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Private Credit Downgrade to Upgrade Ratio |
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Source: KBRA, thank you to JFL Lehman Credit |
Interest Coverage Ratio of Private Credit versus Public Borrowers |
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Source: MS, Fitch, Lincoln, and JFL Lehman Credit |
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2025 Credit Opportunities Symposium |
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Meet Our 2025 Contributors |
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Thank You to Our 2025 Sponsors |
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