Weekly News – June 30

Look Out for our New Feature

Tell us what topics you want our panel to weigh in on:
Exclusive Opportunism
The Serta Opinion
Conflicts of Interest in BK

2023 Restructuring Symposium

Click through to view the slides from the Symposium

Floating Rate Impact

Source: S&P Global Ratings

Loan recoveries affected by LMEs

Source: S&P Global Ratings

Property Markets Under Pressure

Source: Trepp

With $1.5 billion of CRE debt coming due

Creditor strategies in the spotlight

Click through to view the slides from the Symposium

Exclusive Opportunism

Click through to view the slides from the Symposium

Lordstown Enters

Exclusive Content

Find it here on Reorg

Cineworld Exits

Congrats to our friend @Maxfrumes on joining 9fin

SVB fight is on!

Bailout gone wrong

To the rescue!

What we’re reading…

Source: Morgan Lewis

2023 CRC Allocators Conference

Contributors Speak Up

What to expect in the next default cycle

We asked Contributors Bradford Sandler and Sidney Levinson to weigh in on what we should expect in the next default cycle.

Professor Edward Altman recently noted in a paper published with the Creditor Rights Coalition that the Benign Credit Cycle is over. He sees a reversion to the mean in terms of defaults and recoveries in 2023. But he also sees many risks on the horizon making a Stress or even in a â€œhard-landingâ€ scenario a possibility (with 8-10% default rates). Put your prediction caps on. What do you see and expect? Where do you expect restructuring activity to increase? Are we in for more bankruptcies? Or, more (yawn yawn) extend and pretend? Will RSAs rule the day? Or, will we see more traditional in-court restructurings? What will this new environment look like?

Read on.

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