Archive

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
Premium

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
Premium

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

Consumer & RetailConsumer & Retail
+3+3
Bird Global: From VC Unicorn to Chapter 11

Bird Global: From VC Unicorn to Chapter 11

What began as the fastest unicorn in VC history ended with a bankruptcy filing, a 97% shareholder wipeout, and Apollo walking away with the keys

IndustrialsIndustrials
+2+2
(G)rounded, (O)verleveraged, and (L)anding in Chapter 11: GOL Restructuring Deep Dive

(G)rounded, (O)verleveraged, and (L)anding in Chapter 11: GOL Restructuring Deep Dive

Low-cost carrier business models, the Boeing 737 MAX crisis, and a fascinating case of FX volatility-related airline bankruptcy

IndustrialsIndustrials
+3+3
American Tire Distributors, In-Court LME

American Tire Distributors, In-Court LME

How ATD’s bankruptcy reshaped DIP financing and signaled a shift toward intra-class conflict in Chapter 11

Technical LessonTechnical Lesson
+3+3
A ‘New Look’ at fairness: Company Voluntary Arrangement Primer

A ‘New Look’ at fairness: Company Voluntary Arrangement Primer

An overview of an English restructuring tool and a comparative discussion on fairness in restructuring

FirstBack
12345678
Next Last