Bad energy — Software sector faces vibe shift after debt binge

LatAm Weekly — Aegea delays and causes panic

Breaking down Paramount and WBD’s massive $81bn combined debt stack

9fin | The pro forma debt stack for the combination of Paramount Skydance and Warner Bros. Discovery is going to be a complicated mess.

Taking the Credit — Fundraising numbers don’t lie

9fin | Ask anyone working in private credit about recent headlines, and you’ll likely get a chuckle, a grimace and the impression that some news coverage is more akin to ‘the boy who cried private credit crisis’ than reality.

Asia weekly — Bonds gain, issuance slows in holiday week

US IG Wrap — Foreign banks step into ceasefire issuance window as earnings approach

KKR, Apollo near $10bn joint ownership deal for Atlantic Aviation, no new debt expected

9fin | KKR is nearing a sale of a majority stake in fixed-base operator Atlantic Aviation to Apollo at a $10bn valuation in a way that would negate new debt issuance, sources tell 9fin.