How the BDC liquidity crunch is impacting syndicated loan trading

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News & Analysis

Distressed

LevFin

Reno secures 85% backing for creditor-led restructuring as Apollo hands over the keys

Creditors are set to take control of Italian recycled cartonboard producer Reno de Medici from sponsor Apollo, after holders of more than 85% of the group’s notes backed a recapitalisation that will equitise up to €300m of debt and inject €100m of new money.

17 Jul 2026

| Europe

League Tables

Private Credit

European private credit league tables Q2 26

The European private credit deal rankings for Q2 26 are in, with Ares still leading the overall deal count for the last 12 months. However, Muzinich has risen to take the quarterly top spot, the first time that the New York-based firm has been pipped to that crown.

17 Jul 2026

| Europe

Market Wraps

ABF

Excess Spread — Aussie giant, Ibiza classics, structuring sensitivities

Fair dinkum, this really is a hell of a deal! Cashmere Funding 2026-1 is backed by A$17.8bn ($12.45bn) of Australian mortgages, and funds one of the largest portfolio sales on record, KKR and Pimco’s purchase of Westpac’s RAMS book.

17 Jul 2026

| Europe

League Tables

Private Credit

US private credit league tables Q2 26

The US private credit deal rankings for Q2 26 are now live, with Audax returning to the top of the quarterly rankings for the first time since Q3 25. Its 62 deals are also the most 9fin has tracked from a single firm in a quarter since we started the league tables at the beginning of 2025.

16 Jul 2026

| US

News & Analysis

Distressed

Where we stand in Del Monte and debtors’ shattered romance with SDTX post-Serta

Many in the market are rushing to judgment that the Serta decision is the final straw that will tilt the debtor’s favorite filing venue scale in favor of New Jersey.

16 Jul 2026

| US

League Tables

Distressed

European restructuring & LME law firm league tables Q2 26

The second quarter of the year was dominated by the impact of the Iran war, conflict in the wider Middle East, and the rise of AI. Concerns about AI undermining the viability of SaaS businesses and other companies reliant on replaceable technology have persisted.

16 Jul 2026

| Europe