Logo
Pari Passu
Premium
Training
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

Other

Whole Business Securitization, a Pocket of Financing Opportunities
LockSimple

Nov 22, 2024

•

11 min read

Whole Business Securitization, a Pocket of Financing Opportunities

Out Private Credit, In Whole Business Securitization. What makes this type of financing different and why is it fueling some of the largest buyouts of the year?

Industrials

+2

The Infamous Hertz Restructuring, Who Laughs Last Laughs Best
LockSimple

Nov 15, 2024

•

15 min read

The Infamous Hertz Restructuring, Who Laughs Last Laughs Best

An abrupt pandemic-driven bankruptcy, audacious equity raise, and the legal complications of “make-whole” fees.

Other

A Company Built in Founder Mode, Airbnb Deep Dive
LockSimple

Nov 8, 2024

•

14 min read

A Company Built in Founder Mode, Airbnb Deep Dive

Built in Founder Mode: From a Weird Idea to Paying Rent to Becoming a Verb

Tech, Media & Telecom

+3

Pluralsight, the Restructuring Deal of 2024 (Special 100th Edition)

Nov 1, 2024

•

13 min read

Pluralsight, the Restructuring Deal of 2024 (Special 100th Edition)

A cocktail of restructuring, private equity, and private credit. Let's enjoy the 100th Pari Passu Edition

Technical Lesson

+1

Cooperation Agreements, Overview and Effectiveness in Restructuring Situations
LockSimple

Oct 25, 2024

•

23 min read

Cooperation Agreements, Overview and Effectiveness in Restructuring Situations

Today, we will shift focus to how creditors have responded to LMEs. Until now, creditors had no choice but to watch sophisticated sponsors handpick a select few who would receive preferential treatment. Distrust ran through messy, unorganized capital structures. But what if creditors could defend themselves as a unified group?

Other

+1

SoFi Deep Dive, Revolutionizing Loan Underwriting
LockSimple

Oct 18, 2024

•

13 min read

SoFi Deep Dive, Revolutionizing Loan Underwriting

Challenging the status quo. In this edition of Pari Passu, we’ll delve into the story of SoFi, the firm that disrupted legacy financial service providers with its unique approach to data analytics.

Other

Expedia Deep Dive & COVID Rescue Financing
LockSimple

Oct 11, 2024

•

9 min read

Expedia Deep Dive & COVID Rescue Financing

Sometimes restructuring transactions actually work and save the day!

Energy / Power

+1

Nuclear Energy Primer, a Trend too Relevant to Ignore
LockSimple

Oct 4, 2024

•

10 min read

Nuclear Energy Primer, a Trend too Relevant to Ignore

Climate change remains one of humanity’s most pressing challenges, and no industry will be more affected than the energy industry. With growing pressure to find suitable alternatives to fossil fuels, some experts have pointed towards nuclear energy as a potential solution.

Industrials

+5

Trinseo, a Double Dip "Pari-Plus" Case Study
LockSimple

Sep 27, 2024

•

13 min read

Trinseo, a Double Dip "Pari-Plus" Case Study

Today, we are going to look at another variation of the double-dip: the pari-plus transaction by analyzing the fascinating restructuring of Trinseo.

Industrials

+1

Heico Deep Dive: a Flying Business
LockSimple

Sep 20, 2024

•

10 min read

Heico Deep Dive: a Flying Business

Given Heico’s resilience in aerospace and defense, global reach, innovation and growth, steady financial performance, and diversification, it is worthwhile to examine the company’s potential and impact on the market.

Healthcare

+1

An Overview of the Pharma Sector
LockSimple

Sep 13, 2024

•

8 min read

An Overview of the Pharma Sector

In the article below, we will cover this industry: its origins, major players, market performance, key criticisms, and much more. This is a fascinating sector that most of us rarely interact with.

Industrials

+2

Triple Dip Primer and Spirit Analysis
LockSimple

Sep 6, 2024

•

32 min read

Triple Dip Primer and Spirit Analysis

In this paper, we will first understand how triple-dips could be created. Then, we will analyze the real world case of Spirit Airlines and see the potential of the triple-dip as a revolutionary liability management maneuver.

Other

Lessons to Become a Better Investor
LockSimple

Aug 30, 2024

•

5 min read

Lessons to Become a Better Investor

Being a good investor means a lot of different things, and developing a perfect definition of a “good investor” is quite difficult. However, a two attributes shared among all high performing investors: ....

Tech, Media & Telecom

+1

CrowdStrike Deep Dive
LockSimple

Aug 23, 2024

•

4 min read

CrowdStrike Deep Dive

On July 19th, more than eight million computers around the world crashed, with the cause of the crash coming from an unknown source: CrowdStrike. Let's explore the story behind this company.

Technical Lesson

+1

Double-Dip Explained Simple
LockSimple

Aug 16, 2024

•

8 min read

Double-Dip Explained Simple

Today’s restructuring world is highly complex. Uptier and Dropdown were the first versions of liability management transactions we saw. In the past few years, we have seen a new breakthrough in liability management transactions: double-dips.

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