Weekly News – June 2
Historic US default averted!
Exclusive Content
![](https://creditorcoalition.org/wp-content/uploads/2023/06/060223-wn-00.png)
Another “PET” (a/k/a uptier) bites the dust!
Exclusive Content
![](https://creditorcoalition.org/wp-content/uploads/2023/06/060223-wn-01.png)
DIPs are the new exit
and why not with these fees!?!?!
![](https://creditorcoalition.org/wp-content/uploads/2023/06/060223-wn-03.png)
![](https://creditorcoalition.org/wp-content/uploads/2023/06/060223-wn-04.png)
Our take:
It’s hard to be a creditor when 27% of the common is reserved for a DIP to exit facility.Â
KKR-backed Genesis files for BK
![](https://creditorcoalition.org/wp-content/uploads/2023/06/060223-wn-05.png)
Third party releases are back!
Wachtell, Lipton, Rosen & Katz on the Purdue opinion
![](https://creditorcoalition.org/wp-content/uploads/2023/06/060223-wn-06.png)
Tell us what you think:
FTX examiner decision up to 3rd Circuit
![](https://creditorcoalition.org/wp-content/uploads/2023/06/060223-wn-07.png)
Double-dip financing is back!
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What we’re watching
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Resilient HY market?
![](https://creditorcoalition.org/wp-content/uploads/2023/06/060223-wn-11.png)
![](https://creditorcoalition.org/wp-content/uploads/2023/06/060223-wn-12.png)
Or, just the calm before the storm?
![](https://creditorcoalition.org/wp-content/uploads/2023/06/060223-wn-13.png)
Read our recent coverage:
“Open Market” Purchases
![](https://creditorcoalition.org/wp-content/uploads/2023/05/051923-wn-18.png)
Read the full length feature here.
Read our recent coverage:
Where Are We In The Credit Cycle?
![](https://creditorcoalition.org/wp-content/uploads/2023/04/042823-wn-27.png)
Read our recent coverage: Contributor Cliff White on Examiners
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Look out for more great features from our Contributors
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Have something interesting to share?
email us at info@creditorcoalition.org
Upcoming Events
June 7: Navigating Uncertainty: Insights on the Global Economic Outlook
June 8: INSOL: Recent Developments in the Chinese Real Estate Market
June 8: LSTA: After the Failures–What’s Next for the Banking Sector and Venture Lending?
June 27: REGISTRATION NOW CLOSED: Creditor Rights Coalition & LSTA 2023 Restructuring Symposium
August 22: ABI/NCBJ: Tackling Emerging and Recurring Mortgage Issues in Individual Bankruptcy Cases