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A conversation with Mohit on credit investing and AI

Nov 10, 2026

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33 min read

A conversation with Mohit on credit investing and AI

How a career in credit investing translated to running a start-up

Consumer & Retail

+2

QVC: Shop ‘til You Drop
LockSimple

Nov 6, 2026

•

27 min read

QVC: Shop ‘til You Drop

A Malone-era capital structure, a prepackaged Chapter 11, and a zeroed preferred

Consumer & Retail

+3

Advantage Solutions: A Free Sample of Distress
LockSimple

Oct 30, 2026

•

31 min read

Advantage Solutions: A Free Sample of Distress

A CPG services roll-up’s path from a $5.2bn SPAC to an LME

Consumer & Retail

+3

Springs Window Fashions: A Blind Bet
LockSimple

Oct 23, 2026

•

21 min read

Springs Window Fashions: A Blind Bet

How a leveraged bet on a window treatments business unraveled into a prolonged distress story

Tech, Media & Telecom

+3

Sophos: Yet Another Tough Thoma Bravo Refinancing
LockSimple

Oct 16, 2026

•

25 min read

Sophos: Yet Another Tough Thoma Bravo Refinancing

How lenders used a $2.5bn maturity to lock down the documents behind a Thoma Bravo portfolio company

Primer

Primer and Analysis of the Non-Subsidiary Dropdown
LockSimple

Oct 9, 2026

•

42 min read

Primer and Analysis of the Non-Subsidiary Dropdown

A critical examination of the Joint Venture Dropdown in Xerox

Deep Dives

+3

Medical Solutions: A Tiered Solution
LockSimple

Oct 2, 2026

•

25 min read

Medical Solutions: A Tiered Solution

How a COVID peak bet on a healthcare staffing business turned into a prime restructuring case study on the evolution of co-ops

Tech, Media & Telecom

+3

Medallia: PIKing Up the Pieces
LockSimple

Sep 25, 2026

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28 min read

Medallia: PIKing Up the Pieces

How a 2021 software buyout became one of the largest private equity losses ever recorded

Consumer & Retail

+2

(Non)Recurring Revenue: Monitronics Restructuring Deep Dive

Sep 22, 2026

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24 min read

(Non)Recurring Revenue: Monitronics Restructuring Deep Dive

The Illusion of Leveraged Subscription Economics

Tech, Media & Telecom

+4

SonicWall: The 2026 Software LME Template
LockSimple

Sep 18, 2026

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24 min read

SonicWall: The 2026 Software LME Template

How Elliott and Francisco Partners preserved their equity in a fully consensual A&E

Tech, Media & Telecom

+3

Proofpoint: Underwriting the Unknown
LockSimple

Sep 11, 2026

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20 min read

Proofpoint: Underwriting the Unknown

How a performing software borrower gave up forty covenant provisions to move a maturity by two years

Tech, Media & Telecom

+3

Optiv: Pre-Wiring the Downside
LockSimple

Sep 4, 2026

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26 min read

Optiv: Pre-Wiring the Downside

How KKR’s $1.9bn investment ended in a novel creditor-controlled workout

Technical Lesson

+3

Fossil Group and the new ‘Stapled-Exchange’ LME
LockSimple

Aug 28, 2026

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31 min read

Fossil Group and the new ‘Stapled-Exchange’ LME

Fossil’s showing us the moves with its ‘international two-step’ to the UK and back, creating a new type of LME in the process

Cornell Capital

+4

Ingenovis Health: Still Nursing Losses
LockSimple

Aug 21, 2026

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19 min read

Ingenovis Health: Still Nursing Losses

How Cornell Capital’s pandemic staffing bet unraveled into a pro-rata LME

Tech, Media & Telecom

+3

Urban One: Buying Back the Dial
LockSimple

Aug 14, 2026

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23 min read

Urban One: Buying Back the Dial

How the largest Black-owned broadcaster spent a year and a half retiring its debt at half price, then turned open-market buybacks into a unique LME

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