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Tech, Media & Telecom

+4

Global Eagle Restructuring: Lessons From a Satellite-Internet SPAC Rollup

Jul 11, 2025

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27 min read

Global Eagle Restructuring: Lessons From a Satellite-Internet SPAC Rollup

A cautionary tale in leverage, capital structure, and rescue financing gone wrong

Consumer & Retail

+2

Saks Global Restructuring, A Thrilling 2025 Saga

Jul 8, 2025

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2 min read

Saks Global Restructuring, A Thrilling 2025 Saga

An analysis of Saks Global’s vendor payment delays, loose bond indentures, and coercive uptier exchange transaction

Tech, Media & Telecom

+3

Caught Offside, an Inter-Oaktree Loan Case Study

Jul 3, 2025

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5 min read

Caught Offside, an Inter-Oaktree Loan Case Study

A comprehensive overview of soccer in distress, plus a note on Manchester United’s covenants

Deep Dives

+2

Eye Care Leaders Chapter 11 Deep Dive
LockSimple

Jun 27, 2025

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7 min read

Eye Care Leaders Chapter 11 Deep Dive

How insurance fraud dragged an unconventional software rollup into Chapter 11

Technical Lesson

+1

Disqualified Lender List Primer and Clearlake’s Blacklist

Jun 20, 2025

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8 min read

Disqualified Lender List Primer and Clearlake’s Blacklist

Overview, Legal Foundations, Mechanics, Challenges and Applications in Liability Management

Consumer & Retail

+2

Tupperware Chapter 11 Deep Dive

Jun 13, 2025

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11 min read

Tupperware Chapter 11 Deep Dive

A closer look at Tupperware’s direct-selling model, traditional out-of-court restructurings, and ultimate acquisition by secured lenders

Industrials

+4

What is the Hunter-gatherer LMT and analysis of the Ardagh-Apollo deal
LockSimple

Jun 10, 2025

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4 min read

What is the Hunter-gatherer LMT and analysis of the Ardagh-Apollo deal

Primer, Simplified Example, Case Study Deep Dive, Uptier Comparison

Industrials

+2

Overview of Section 363, Credit Bidding, and Fisker Case Study
LockSimple

Jun 6, 2025

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11 min read

Overview of Section 363, Credit Bidding, and Fisker Case Study

Technical Explanation, Offensive vs. Defensive Bids, and a Perfect Chapter 11 Example

Consumer & Retail

+2

BurgerFi Restructuring: From Better Burgers to Bankruptcy
LockSimple

May 30, 2025

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9 min read

BurgerFi Restructuring: From Better Burgers to Bankruptcy

An ill-timed acquisition and premium positioning in a post-pandemic consumer landscape that pushed BurgerFi into bankruptcy, and a textbook loan-to-own strategy to save the company.

Consumer & Retail

+2

(Trash)io: The Stumble from Scale and Short-Term Solutions
LockSimple

May 23, 2025

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17 min read

(Trash)io: The Stumble from Scale and Short-Term Solutions

From doubling revenue every 73 days for years to Chapter 11

Technical Lesson

+1

Section 365 Primer and Express Chapter 11 Case Study

May 16, 2025

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7 min read

Section 365 Primer and Express Chapter 11 Case Study

Executory Contracts, Unexpired Leases, Considerations, Store Economics

Industrials

+2

Zips Car Wash, a Quick Private Credit Chapter 11

May 13, 2025

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2 min read

Zips Car Wash, a Quick Private Credit Chapter 11

A case study in how opaque private credit markets can distort risk, delay recognition of impairment, and mislead investors to the real credit quality of their portfolios

Industrials

+2

Graftech, Credit Analysis to Break Down the Out-of-Court Restructuring

May 9, 2025

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19 min read

Graftech, Credit Analysis to Break Down the Out-of-Court Restructuring

How To Read A Credit Doc & Structural and Legal Considerations

Deep Dives

+4

Too Broke to Smile: SmileDirectClub Chapter 11 Deep Dive

May 2, 2025

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10 min read

Too Broke to Smile: SmileDirectClub Chapter 11 Deep Dive

A litigation-riddled company, challenges in healthcare regulations, and the fascinating dynamic of insider structures within a Chapter 11 bankruptcy.

Tech, Media & Telecom

+2

Equitable Subordination Primer and LightSquared Case Study
LockSimple

Apr 25, 2025

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10 min read

Equitable Subordination Primer and LightSquared Case Study

Billionaires Fighting in Bankruptcy Court

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