Introducing 9fin DIP financing database

9fin10 Jul 2026 | Global | 1 minute read

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Taking the Credit — Seeing what you want to see

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Private Credit

Taking the Credit — Seeing what you want to see

Is it a bat or a butterfly? As ever, it depends who you ask. Private credit has become a financial markets edition of the Rorschach test: for every declaration of health and explanation of a maturing asset class undergoing growing pains, there are fresh cockroaches unearthing themselves and further regulatory interventions warning of echoes with the 2008 GFC.

Excess Spread — PayPal print, farewell to Mileway

We don’t always spend much time on the public markets in this column, but when there are this many fascinating deals to examine, how could we do otherwise? Last week saw the launch of the mighty Lendable into the public securitisation market, and this week we have the first public slice of an absolutely emblematic private asset-based deal — KKR’s forward flow with PayPal Europe.

Shapoorji to price $2.25bn refi dollar tranche Friday

India's Shapoorji Pallonji Group is set to price the long-awaited US dollar leg of a INR 215bn ($2.25bn) dual-currency refinancing on Friday (10 July), marking a key step in the conglomerate's efforts to refinance maturing Goswami Infratech bonds, 9fin sources said.

Cloud 9fin — Can Indian private credit growth hit 30%?

India’s private credit market is moving from IBC-era rescue finance to a broader asset class. Performing credit is hot, but complexity-driven capital remains scarce and potentially higher alpha.

One WBS, Mike’s Way — Sandwich chain could tap IPO proceeds to repay debt years early

Sandwiched into Jersey Mike’s latest whole business securitization is a borrower’s option that could allow the company to repay more than $300m of debt years before expected, if and when the company follows through on plans to go public.

UPDATE — Trinseo seeks intel on CastleKnight trading in shadow of excluded lender group standing motion

Trinseo pressed Judge Christopher Lopez to force CastleKnight to turn over documents detailing its trading strategy, investment thesis and diligence around more than $300m of debt and equity purchases through a motion to compel. In turn, the CastleKnight-led group of excluded lenders seeks standing to pursue estate claims against the supporting lender group. The motions escalate a fight at the center of looming plan confirmation and LME challenges.

9 Jul 2026

| US

Introducing 9fin DIP financing database

Related Posts

Taking the Credit — Seeing what you want to see

Excess Spread — PayPal print, farewell to Mileway

Shapoorji to price $2.25bn refi dollar tranche Friday

Cloud 9fin — Can Indian private credit growth hit 30%?

One WBS, Mike’s Way — Sandwich chain could tap IPO proceeds to repay debt years early

UPDATE — Trinseo seeks intel on CastleKnight trading in shadow of excluded lender group standing motion