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Tech, Media & Telecom

+2

Audacy Deep Dive, From Radio Pioneer to an Impaired DIP

Nov 14, 2025

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29 min read

Audacy Deep Dive, From Radio Pioneer to an Impaired DIP

A breakdown of the mechanics that turned a short-term DIP into a high-upside equity play

Industrials

+3

A Sharp Turn: Oregon Tool’s Post-Serta LME
LockSimple

Nov 7, 2025

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28 min read

A Sharp Turn: Oregon Tool’s Post-Serta LME

How Platinum Equity’s Oregon Tool took the new “extend-and-exchange” one step further

Tech, Media & Telecom

+3

Silicon Carbide’s Champion Stumbles: Wolfspeed’s Path to Bankruptcy
LockSimple

Oct 31, 2025

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48 min read

Silicon Carbide’s Champion Stumbles: Wolfspeed’s Path to Bankruptcy

How an expected beneficiary of the semiconductor boom collapsed from its largest bet on silicon carbide

Industrials

+1

Beyond the Balance Sheet: Factoring Facility Primer + First Brands Case Study
LockSimple

Oct 24, 2025

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41 min read

Beyond the Balance Sheet: Factoring Facility Primer + First Brands Case Study

Inside the growing use of receivables factoring, and how First Brands’ collapse is testing it

KKR

+5

Thames Water Part 3, The Last Drops?

Oct 17, 2025

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47 min read

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 Dives

+4

Thames Water Part 2, Sink or Swim?
LockSimple

Oct 14, 2025

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38 min read

Thames Water Part 2, Sink or Swim?

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

Deep Dives

+4

Thames Water Part 1, How the Tap Ran Dry
LockSimple

Oct 10, 2025

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46 min read

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 & Retail

+2

The Container Store’s Prepack Chapter 11: From Organization to Reorganization
LockSimple

Oct 3, 2025

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30 min read

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

Oct 2, 2025

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3 min read

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 Dives

+2

Better Health: Liability Management’s Post-Serta Prototype
LockSimple

Sep 26, 2025

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31 min read

Better Health: Liability Management’s Post-Serta Prototype

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

Deep Dives

+2

Bausch Health: A Restructuring Story Still Unfolding

Sep 19, 2025

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3 min read

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 & Telecom

+3

Core Scientific: The $9 Billion AI Comeback Story
LockSimple

Sep 12, 2025

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31 min read

Core Scientific: The $9 Billion AI Comeback Story

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

Technical Lesson

Cross-Class Cram-Down, a US and UK Primer
LockSimple

Sep 5, 2025

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11 min read

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 & Retail

+3

Bed Bath & Bankrupt

Aug 29, 2025

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31 min read

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 Lesson

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

Aug 22, 2025

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24 min read

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

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

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Restructuring, credit, and distressed debt insights from a hedge fund analyst and former restructuring banker

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