Pari Passu Premium

If you have been enjoying our free writeups, and want more content, you are in the right place.

Depending on your needs, you can upgrade to one of three tiers: Plus, Premium, or Research.

The table below provides a summary of the benefits of each tier. Below you will find more details about what each tier includes.

1) Full Access to Archive (300,000+ Words of Content)

Pari Passu has now published over 150 writeups over the last 3 years of evergreen content. If you want to unlock the entire archive only, the Pari Passu Plus tier is recommended.

In the archive, you will be able to sort our writeups by:

  • Type of Writeup

    • Deep Dive

    • Technical Lesson

    • Other

  • Restructuring Type

    • In-Court

    • Out-of-Court

    • Liquidation

  • Industry

    • Industrial

    • Tech, Media & Telecom

    • Consumer & Retail

    • Energy / Power

    • Healthcare

    • Financials

  • Key Sponsor Involved

    • Apollo

    • KKR

    • Clearlake

    • Ares

    • Searchlight

2) Reimbursable Expense

Given the depth of our content, the vast majority of our paid subscriber are able to have their firm cover the subscription fee.

Find below an email you can send your COO / Manager to ask for a refund.

[Approver],

I hope you are doing well. 

I am writing to request [reimbursement / approval] for my subscription to Pari Passu. Pari Passu is a newsletter focused on restructuring and other advanced finance topics. The annual subscription costs $199.

A paid subscription will provide me access to the following three resources:

  • Restructuring transaction analysis: Published weekly, the typical Pari Passu writeup exceeds 5,000 words and 30 proprietary sources. Recent editions include Oaktree's Takeover of Inter Milan and Eye Care Leaders' Unconventional Chapter 11 process

  • Premium deep dives: A monthly deep dive is written on a must-know timely topic. Recent editions cover the 84-day restructuring of Zips Car Wash and the failed HVAC rollup AirPros 

  • Archive and training library: A subscription also unlocks access to all historical published work and a portfolio of 10+ training resources from top financial and law firms, including case studies, primers, and handbooks 

I have diligenced peer publications and believe Pari Passu is distinguished by the following three qualities:

  • First to the frontier topics: Pari Passu is often the first to cover emerging transactions and concepts, leading the conversation instead of following it. For example, their Triple Dip writeup is the first result on Google, and there are no comparable articles nearly one year later

  • Institution-grade depth: Their deep dive on the Saks Global Restructuring leads the market in terms of coverage comprehensivity. While other publications spotlight one facet of the situation (e.g., vendor payments, tariffs, one-off payments), Pari Passu is the only source that has provided end-to-end coverage on the company’s financial trajectory, drivers of distress, and new financing transactions

  • Masterful translation of complexity: Pari Passu bridges technical complexity and real-world relevance. For example, their analysis of the Ardagh-Apollo Deal provides a top-down explanation of hunter-gatherer liability management transactions and anchors this concept with an in-depth case study of its most infamous application in Europe

This subscription will enable me to deliver sharper insights today and a more informed and forward-thinking perspective in the future, directly supporting my professional development and delivering enhanced value to our team. 

I appreciate your consideration of my request and look forward to hearing from you.

Best,
[Your Name]

3) Exclusive Premium Writeup (Starting April 2025)

After years of requests, we finally started covering evolving situations.

Our writeups provide timely analysis that can save you precious time

Recent examples include:

4) Get Access to the Restructuring Drive Access

I started the Pari Passu Newsletter because I wanted to share my passion for the field. I was lucky enough to attend a target school and become a restructuring analyst, and over time, I have started to realize the unfair advantage I had.

This drive folder wants to do a small thing to make things fairer.

Restructuring is a niche field, and getting access to resources is not easy. I have collected the 10+ decks with hundreds of pages, which I wish I had when learning about restructuring.

Note: If you want to get access to the folder before upgrading to premium, you can also do so by sharing the newsletter with two friends. Entirely for free. 

You need to be a subscriber and be logged in order to share the newsletter - subscribe here.

Note: signing up with another of your addresses will ban you from ever getting access to the drive.

Sample Slides

To give you an idea of the type of content in the above files, please see below a few slides that you might enjoy.

5) See Sources and Backups to All Writeups

Given that many of our readers use our research in an institutional investing context, we provide detailed sources and references for our writeups so you can leverage our work and save time.

On average, our writeups include ~30 sources (with specific references in text).

In addition, you also have the ability to request any model printouts you see in the writeup.

6) Request 1 Restructuring Deep Dive per Year

If there is a company or topic you would like us to dive in, you can request one writeup per year. In terms of what to expect, it will be exactly like something we would publish on Pari Passu.

If you are interested in more than 1 writeup per year, please reach out.

7) Satisfied or 100% Refunded

If at any time during your yearly subscription you are not satisfied with the product, we will refund you 100%. No questions asked.

If you have any questions, please reach out at [email protected]