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Thames Water Part 3, The Last Drops?

Thames Water Part 3, The Last Drops?

A debt-ridden utility caught up between hedge funds fighting for scraps, all while the public watches on

Deep DivesDeep Dives
+4+4
Thames Water Part 2, Sink or Swim?
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Thames Water Part 2, Sink or Swim?

The years that pushed Britain’s biggest utility to an all out national crisis

Deep DivesDeep Dives
+4+4
Thames Water Part 1, How the Tap Ran Dry
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Thames Water Part 1, How the Tap Ran Dry

From a privatization dream to a public liability nightmare, an in-depth analysis of the utility giant’s unravelling

Consumer & RetailConsumer & Retail
+2+2
The Container Store’s Prepack Chapter 11: From Organization to Reorganization
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The Container Store’s Prepack Chapter 11: From Organization to Reorganization

A commoditized product set and intense e-commerce competition that ultimately pushed The Container Store into bankruptcy, and a prepack to extend looming maturities

Pari Passu is brought to you by 9fin

Pari Passu is brought to you by 9fin

Within seconds, I can pull up a complete set of relevant news, data, and sophisticated analysis on any situation I'm tracking. In a short time, it's become my go-to platform for quickly making sense of what are often very complex restructurings!

Deep DivesDeep Dives
+2+2
Better Health: Liability Management’s Post-Serta Prototype
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Better Health: Liability Management’s Post-Serta Prototype

How a physician rollup became the first test of the “Extend-and-Exchange” LME

Deep DivesDeep Dives
+2+2
Bausch Health: A Restructuring Story Still Unfolding

Bausch Health: A Restructuring Story Still Unfolding

How the Pharmaceutical Enron restructuring solved the near-term debt wall, but the endgame is still uncertain

Tech, Media & TelecomTech, Media & Telecom
+3+3
Core Scientific: The $9 Billion AI Comeback Story

Core Scientific: The $9 Billion AI Comeback Story

How one of America’s largest bitcoin miners reinvented itself through Chapter 11

Technical LessonTechnical Lesson
Cross-Class Cram-Down, a US and UK Primer
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Cross-Class Cram-Down, a US and UK Primer

The world’s two principal Cross-Class Cram-Down restructuring tools, broken down and simplified

Consumer & RetailConsumer & Retail
+3+3
Bed Bath & Bankrupt

Bed Bath & Bankrupt

How a failed private-label strategy, aggressive financial engineering, and eroded stakeholder confidence led to Bed Bath & Beyond Inc.’s liquidation

Technical LessonTechnical Lesson
ABL-Induced Distress: When Minor Headwinds Turn Into Serious Issues

ABL-Induced Distress: When Minor Headwinds Turn Into Serious Issues

From retailers to manufacturers, ABL can unlock capital, or trigger a downward spiral

Tech, Media & TelecomTech, Media & Telecom
+3+3
One Identity, Five Tranches: The Quest Software LME

One Identity, Five Tranches: The Quest Software LME

How cooperation agreements, extensive pre-process, and voluntary subordination are shaping the next phase of sponsor-backed LMEs

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