What matters? Data center lenders debate materiality as construction risk looms

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News & Analysis

Distressed

Private Credit

Hot Stacks — The force majeure clause haunting data center debt docs

Just in time for Halloween, AI infrastructure credit investors may find themselves spooked after Oracle recently invoked a force majeure clause at a major New Mexico data center development.

8 Oct 2026

| US

News & Analysis

ABF

Distressed

Private Credit

Insurers are outrunning regulation to pour billions into private credit

When TPG chief executive Jon Winkelried took the mic for TPG’s earnings call last November, he had plenty of reason to declare 2025 as a “breakout year” for the franchise. TPG’s credit platform especially was riding an unprecedented wave of momentum, raising $12bn of the $35bn total capital the traditionally private equity-focused firm had raised through the third quarter.

1 Oct 2026

| US

News & Analysis

ABF

Distressed

Investment Grade

Private Credit

Hot Stacks — Tracking the AI data infrastructure financing boom

Hot Stacks is 9fin’s weekly take on data center finance — the deals moving the market, the people behind them, and the risks and opportunities buried in the stack.

24 Sept 2026

| US

News & Analysis

Distressed

Private Credit

Goldentree and Monarch lead Merlin refi as bonds and CDS take different rides

Merlin Entertainments’ £657m private financing package to deal with its unsecured bonds maturing next year is being led by Monarch and Goldentree Asset Management, according to 9fin sources.

17 Sept 2026

| US

| Europe

News & Analysis

ABF

Distressed

Private Credit

Market Financial Solutions — A comprehensive guide to what we know so far

Market Financial Solutions is the biggest fraud to ever hit the UK mortgage market. 9fin's ABF team has provided leading news, data and reporting throughout the saga. Here’s a cheat sheet with everything we know so far.

16 Sept 2026

| Europe

| US

News & Analysis

ABF

Distressed

LevFin

Private Credit

Insolvent Bathla’s A$3.4bn debt highlights Aussie property woes

On Friday (4 September), the administrators of Bathla Group, one of Sydney’s largest, and now insolvent, homebuilders told the firm’s creditors its A$3.4bn ($2.45bn) debt stack may still grow. The builder owes most of that cash to private credit lenders, though claimants may number as many as 3,000.

4 Sept 2026

| APAC