Reorg Research

This week we take a look at Talen Energy, Bausch Health, Twitter and Telesat. We’ll be taking a brief break from our Deep Dive segment this week for the Memorial Day weekend but will be back next week with more premium content. If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial.

Each episode of Reorg's weekly EMEA Core Credit podcast series features detailed discussion on issues and companies across the credit lifecycle. This week, we speak about: - French care home operator Orpea and the new financing agreement with its core banking pool under the French amicable conciliation procedure. - Supermarket chain WM Morrison’s €545 million senior secured notes, which priced this morning, Swedish distribution services provider OptiGroup’s €515 million term loan B and private education operator Inspired Education’s €250 million term loan B add-on. - Refinancing options and possible restructuring for U.K. fashion and homeware retailer Matalan. If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial.

Each episode of Reorg's weekly EMEA Core Credit podcast series features detailed discussion on issues and companies across the credit lifecycle. This week, we speak about: - Sweden-based B2B distribution services provider OptiGroup’s new €515 million term loan, which was pulled last week. - The revised restructuring plan for Austrian packaging company Schur Flexibles, which is based on a counterproposal put forward by an Apollo-led lenders committee. - Ukrainian state-owned oil and gas company Naftogaz’s upcoming bond maturities. - The exclusion of specified asset disposals from the asset sales covenant in high-yield bonds and leveraged loans and how it may impact bondholders and lenders. If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial.

This week on Reorg's Americas Core Credit podcast, we take a look at Talen Energy, Coinbase, Bausch Health and No Surprises Act litigation. In light of the ongoing conflict between Russia and Ukraine, for this week’s Deep Dive we offer a replay of our March webinar where Reorg’s Shan Qureshi joins Fiona Huntriss and Matthew Getz of Pallas Partners LLP to provide an overview of Russian sanctions frameworks and examine the impact of sanctions on financial obligations owed to and by Russian parties. If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial.

Each episode of Reorg's weekly EMEA Core Credit podcast series features detailed discussion on issues and companies across the credit lifecycle. This week, we speak about: - The impact of sanctions related to Russia’s invasion of Ukraine on Petropavlovsk; - The trend towards the pre-marketing of primary deals in Europe; - Belgian personal hygiene product manufacturer Ontex and events that could move the price of their bonds; and - Fee trends in English schemes of arrangement and restructuring plans. If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial.

This week on Reorg's Americas Core Credit podcast, we take a look at Talen Energy, Diebold Nixon, inflation and cost pressures, and financing trends. If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial.

Each episode of Reorg's weekly EMEA Core Credit podcast series features detailed discussion on issues and companies across the credit lifecycle. This week, we speak about: - German real estate group Corestate’s options ahead of its maturity wall in 2022-2023; - Norwegian stressed seismic exploration group PGS, its capital raise and potential restructuring options - Russian attacks on Ukraine's Black Sea coast and their impact on credits we follow - The light dealflow and large OIDs in the current primary market. If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial.

This week we take a look at Envision Healthcare, LATAM Airlines, Carvana and Cabinetworks. For this week’s Deep Dive, we offer a replay of our March webinar where the Reorg team discusses how companies facing mass tort liabilities, including Johnson & Johnson, have used the “Texas two-step” maneuver to box litigation claims into a new asset-lite subsidiary to use the tools available in chapter 11 to settle those claims.

Each episode of Reorg's weekly EMEA Core Credit podcast series features detailed discussion on issues and companies across the credit lifecycle. This week, we speak about: -The latest deals in the European primary market, including Biofarma’s €345 million seven-year senior secured floating rate notes -Russia’s payment of its sovereign bond debt in dollars -KPMG’s Disclaimer of Opinion on Adler Group -Developments in European sustainability-linked bond documentation. If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial.

This week we take a look at Twitter, Puerto Rico, Carvana and Talen Energy. We are taking a brief recess from our weekly Deep Dive but will be back next week with more premium content.

Each episode of Reorg's weekly EMEA Core Credit podcast series features detailed discussion of on issues and companies across the credit lifecycle. This week, we speak about: - French care home operator Orpea and the allegations made in the book “The Gravediggers”; - The latest impact of Russia's invasion of Ukraine on investors; - The slow return of the European primary market; and - The search for the 12 million missing shares in French fashion group SMCP. If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial.

This week we take a look at GWG Holdings, Endo International, Johnson & Johnson and Serta Simmons. For this week’s Deep Dive, we offer a webinar replay from January in which the Reorg team provides an overview of the No Surprises Act’s provisions, including the rules shaping implementation of the law’s independent dispute resolution features, which are facing litigation challenges from multiple provider-related groups. We also discuss the law’s potential impact on multiple healthcare subsectors with profiles of specific companies.

Each episode of Reorg's biweekly EMEA Core Credit podcast series features a deep dive on issues and companies in the distressed and high-yield space. This week, we're joined by Rebecca Jarvis and Damien Gomez from Linklaters for a follow up conversation on Smile Telecom's Part 26A restructuring plan. If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial. "Help me, help you!". LJ Snowden explains: Creditors who oppose a plan must actively participate and provide basis of challenge in court. Smile Telecoms' Part 26A Sanctioned.

This week includes former Valeant/Bausch investors bring fraudulent transfer claims in NJ; Talen bonds plunge; analysis of US credits with heavy exposure to Russia/Ukraine; Incora reaches deal on uptier exchange.

Each episode of Reorg's biweekly EMEA Core Credit podcast series features a deep dive on issues and companies in the distressed and high-yield space. This week, we speak about the cautious reopening of the European primary market and the trends we observed in double-B issuance in 2021. If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial.

Featured this week: LATAM, Mallinckrodt, Footprint Power and Cooper Standard. Also a replay of Reorg’s February Webinar where Reorg’s First Day team and Kirkland & Ellis’ Joshua Sussberg, in a conversation moderated by John Hartgen, public affairs officer at the American Bankruptcy Institute.

Americas Core Credit Weekly Podcast for March 18, 2022. This week, we take a look at LATAM, Talen Energy, Cineworld and Ultra Petroleum. For this week’s deep dive, Reorg’s Sean Daly and Evan Wallach, president and CEO of Global AirFinance Services Inc., discuss enhanced equipment trust certificates, or EETCs, a tax-efficient security utilized in aircraft finance. Evan and Sean discuss the structure of EETCs and the benefits to airline issuers and investors, and take a close look at two recent EETC issues that were subject to rejection in chapter 11.

Each episode of Reorg's biweekly EMEA Core Credit podcast series features a deep dive on issues and companies in the distressed and high-yield space. This week, we speak about French engineering group Technip Energies and U.K. chicken producer Boparan. If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial.

Americas Core Credit Weekly Podcast for March 11: Party City Faces Global Helium Shortage; Purdue Judge Approves Sackler Settlement With 8 States, DC; Puerto Rico Abandons PREPA RSA; Envision Contemplates New-Money Debt Raise

This week we take a look at Vyaire Medical, Intrado, Diamond Sports Group and the No Surprises Act. Also featuring an interview with Evan Wallach, president and CEO of Global AirFinance Services Inc., an advisor to institutional investors and aircraft leasing companies, discussing how the legal ramifications of the Russian sanctions interact with aviation asset-backed securities. Editor’s Note: Each episode of Reorg’s weekly podcast series features a look back at highlights and top stories from the week in review and a preview of what’s to come in the week ahead, followed by a deep dive on issues and companies in the high-yield and distressed markets. If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial