Logo
Pari Passu
Premium
Previous Editions
LME Tracker
About
Others
Others

Sample Research

Careers

Reimbursement Template

Restructuring Competition

Campus Ambassador

Sponsor

Merch

Log In
Subscribe
Logo
Premium
Prev. Edition

Archive

newspaper

ARTICLE

Deep Dives

caret-right

Technical Lesson

caret-right

Other

caret-right

Personal

caret-right
tree-structure

RESTRUCTURING

In-Court

caret-right

Out-of-court

caret-right

Liquidation

caret-right
buildings

INDUSTRY

Tech, Media & Telecom

caret-right

Healthcare

caret-right

Financials

caret-right

Industrials

caret-right

Consumer & Retail

caret-right

Energy / Power

caret-right
briefcase

SPONSOR

Angelo Gordon

caret-right

Apollo

caret-right

Ardian

caret-right

Ares

caret-right

Blackstone

caret-right

Brookfield

caret-right

Charlesbank

caret-right

Clearlake

caret-right

Golden Gate

caret-right

H.I.G. Capital

caret-right

HPS

caret-right

KKR

caret-right

Macquarie

caret-right

Oaktree

caret-right

One Rock

caret-right

Onex

caret-right

Platinum Equity

caret-right

Searchlight

caret-right

Siris Capital

caret-right

Stonepeak

caret-right

Symphony Technology Group

caret-right

TA Associates

caret-right

Vista

caret-right

Tech, Media & Telecom

+2

Audacy Deep Dive, From Radio Pioneer to an Impaired DIP

Nov 14, 2025

•

18 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

•

17 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

•

31 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

•

24 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

•

27 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

•

19 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

•

28 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

•

17 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

Deep Dives

+2

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

Sep 26, 2025

•

17 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

•

25 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

•

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

•

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

•

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

•

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

Tech, Media & Telecom

+3

One Identity, Five Tranches: The Quest Software LME

Aug 15, 2025

•

34 min read

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

book-open-text
Learn More

Pari Passu

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

Upgrade
arrow-up-right

Quick Links

Premium

Previous Editions

About

Free Resources

Reimbursement

Merch

Upgrade

Sponsor

Want to sponsor?

Reach a highly targeted audience of restructuring, credit, and distressed debt professionals through our newsletter.

Sponsor With Us
arrow-right

Stay Updated

© 2026 Pari Passu.
beehiivPowered by beehiiv